CapitalNumbers began its trading journey on the BSE SME platform with a lukewarm debut on January 27, listing at ₹274, a modest 4.18% premium over its IPO price of ₹263. However, the early enthusiasm fizzled out as the stock dropped to ₹260.30, slipping 1% below its issue price by the end of the day. The ₹169.37 crore IPO, which opened for subscription from January 20–22, 2025, was priced between ₹250–263 per share. It comprised an equal split between fresh shares and an offer for sale, each aggregating ₹84.69 crore. Despite the subdued debut, the IPO itself was a blockbuster, subscribed a staggering 134.64 times. Non-institutional investors led the charge with an eye-popping 297.32 times subscription, followed by QIBs at 122.19 times and retail investors at 72 times. CapitalNumbers plans to deploy the IPO proceeds toward advancing cutting-edge technology, fueling business development, investing in subsidiaries, pursuing acquisitions, and other strategic initiatives. While the IPO’s overwhelming subscription showcased strong investor interest, the tepid listing hints at tempered market sentiment, possibly due to broader SME market volatility or cautious evaluations of post-IPO growth prospects. Investors may now watch closely to see if CapitalNumbers can leverage its funding to drive the technological innovation and strategic expansion it has promised.