Aneesh Reddy Boddu, founder of Capillary Technologies, discusses his company's IPO success story. This video provides insights into the journey of a company.
Aneesh Reddy Boddu, founder of Capillary Technologies, discusses his company's IPO success story. This video provides insights into the journey of a company achieving a public listing.
I would have liked to also take the company public because it was over subscribed 52 times. I mean, that sounds pretty wild. We We decided to list, you know, once we were closer to double-digit, you know, 10% plus on EBITAs. We crossed over 10% plus on EBITDA margins. And the belief was that look, I think just where the markets are and where the economy is globally, that markets would appreciate a a double-digit EBITDA, you know, profitable company still growing at, you know, more than 30, 35, 40%. And And for us also, you know, because we work with very large enterprises, being a public company makes you less risky. Because your numbers are public, you know, the risk of saying, you know, why do I work with this small startup goes away. Right? So, that Those were the big drivers for us to go out and And listen, also it was a It was also a point in time where I felt that look, we've we've
done 200 million in secondaries over the years, and I can't keep doing this, right? If you're public, then investors get their own exits, and they can sell when they want to, they can do what they want to. >> [snorts] >> And the fact that we had timed it well, that we were still growing very well, we were at double-digit EBITDA, the business was throwing a lot of cash, just ensured that, you know, although the sentiment on SaaS has been slightly negative in the last, you know, I'd say 6 months. There's a lot of AI in our product, but, you know, you're still started as a SaaS company. So, we still had like people could see that you're working with the best in businesses, you're throwing a ton of cash out. You're at growing in spite of like delivering double-digit EBITAs. I think that led to, you know, six of the top eight funds in the country subscribing to the IPO. That led
to the massive over subscription. The stock has also done well. It's It's It's been about 20% up since we listed. Right? So, overall it's been a It's been a great outcome for everyone.