SpectraA Technology Solutions Limited IPO
Open now17–21 Sep 2026
Latest update:
GMP +12.7% (₹15) · Subscribed 4.66× (NII 3.3× · Retail 7.9×) · Price band ₹112–₹118 · Closes 21 Sep 2026 · Allotment 22 Sep 2026 (Confirmed) · Lists 24 Sep 2026 (Expected)
What SpectraA Technology Solutions Limited does
We provide engineering, designing, fabrication, installation, commissioning and decommissioning greenfield and brownfield projects across various industries which include, Breweries (Craft and Microbreweries), Distilleries, Food and Beverages, Malt Spirit and Blending, Extraction Plants, FMCG (Fast Moving Consumer Goods) and Pharmaceuticals.
SpectraA Technology Solutions Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|
| Sales | 89 | 75 | 101 | |
| Operating Profit | 4 | 10 | 19 | |
| OPM % | 5.0% | 13.5% | 19.0% | |
| Net Profit | 2 | 5 | 12 | |
| Total Debt | — | — | 27 |
SpectraA Technology Solutions Limited IPO offer structure
Total: ₹43 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Capital Expenditure at Jaipur manufacturing facility: ₹11 cr
- Repayment of Term Loans availed by our Company: ₹6 cr
- Working Capital requirements: ₹10 cr
- General Corporate Purposes
SpectraA Technology Solutions Limited promoters and holding
- A L Arun Kumar: Chairman and Managing Director
- Sailaja Arun Kumar: Non-Executive Director
- Praveen Kumar Appukuttan Nair Leela: Promoter
- Divya Praveen: Promoter
SpectraA Technology Solutions Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Geographical Advantage of two manufacturing facilities (p.167)
- In-house Product Fabrication (p.168)
- Diversified and Sustainable Order Book (p.168)
- Quality Control and Compliance (p.168)
- Experienced Leadership and Skilled Team (p.169)
- We derive a significant portion of our revenue from limited number of customers. (p.20)
- We depend on a limited number of suppliers for our raw materials, and any disruption in supply or adverse change in supply terms it may materially affect our business. (p.21)
- Trade Receivables form a substantial part of our current assets. Failure to manage our trade receivables could have an adverse effect on our net sales, profitability, cash flow and liquidity. (p.22)
- We are unable to locate the Consent to Establish for our manufacturing unit at Jaipur and any inability to comply with applicable environmental laws may expose us to regulatory action and could adversely affect our business, financial condition and results of operations. (p.23)
- Our revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact our business, financial condition and results of operations. (p.23)
SpectraA Technology Solutions Limited peer comparison: DRHP median P/E 258.9x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Praj Industries Limited | Rs 317.4 +1.2% | 193.7x | 9.2% | 9.7% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
SpectraA Technology Solutions Limited market and competition
We operate in a fragmented and highly competitive market that includes large domestic OEMs, international suppliers, and numerous regional fabricators. Key domestic competitors include Praj Industries (largest share among domestic players), along with Alfa Laval India, GEA, and Prodeb.
SpectraA Technology Solutions Limited outlook, as the document states it
We will deepen automation across our equipment and shop-floor processes to improve throughput, repeatability, and diagnostics. We plan to build a modular range that serves both microbrewery and commercial capacities with configurable skids and standard interfaces. We intend to diversify critical inputs and increase local sourcing around our Bengaluru and Jaipur manufacturing facility.
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SpectraA Technology Solutions Limited IPO: common questions
What is the SpectraA Technology Solutions Limited IPO GMP (grey-market premium) today?
As of 17 Sep 2026 the indicative grey-market premium (GMP) for the SpectraA Technology Solutions Limited IPO is +12.7% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 26 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 85% of the time. Never decide on GMP alone.
When does the SpectraA Technology Solutions Limited IPO open and close?
The SpectraA Technology Solutions Limited IPO is open from 17 Sep 2026 to 21 Sep 2026.
What is the SpectraA Technology Solutions Limited IPO price band?
The price band is ₹112–₹118 per share.
What is the lot size and minimum investment for the SpectraA Technology Solutions Limited IPO?
One lot is 1200 shares, and a retail application must be at least one lot. That is about ₹2,83,200 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the SpectraA Technology Solutions Limited IPO subscribed?
As of 17 Sep 2026 the total subscription is 4.66×.
When are the SpectraA Technology Solutions Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 22 Sep 2026, refund/unblock around 23 Sep 2026 and listing around 24 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the SpectraA Technology Solutions Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 704 SME IPOs that have listed on the NSE since 2016, 558 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.