SpectraA Technology Solutions IPO: Price Band, Lot Size, Financials & Review
SpectraA Technology Solutions IPO listed on NSE on Thu, 24 Sep 2026. The issue was subscribed 304.13x overall.
- Open Date
- 17 Sep 2026
- Close Date
- 21 Sep 2026
Last updated
- Price band
- ₹112 – ₹118
- Lot size
- 1,200 shares
- Min. investment
- ₹2,83,200
- Issue size
- ₹42.52 Cr
- Last GMP
- +₹81
- Subscribed
- 🔥 304.13x
SpectraA Technology Solutions IPO details
SpectraA Technology Solutions IPO is a ₹42.52 Cr book-building IPO on the SME segment, listing on NSE. It combines a fresh issue of ₹38.42 Cr (90.36%) with an offer for sale of ₹4.11 Cr (9.64%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Thu, 17 Sep 2026 to Mon, 21 Sep 2026. Allotment was finalised on Tue, 22 Sep 2026, and the shares listed on NSE on Thu, 24 Sep 2026.
The price band is ₹112 to ₹118 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,83,200. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,83,200).
Maashitla Securities Pvt. Limited is the registrar, and Indcap Advisors Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last SpectraA Technology Solutions IPO GMP before listing was +₹81 (+68.64% against the upper price band of ₹118), implying an estimated listing price of ₹199. Across 10 days of tracking, GMP ranged from +₹30 (17 Sep) to +₹81 (23 Sep).
| Last GMP | +₹81 |
|---|---|
| GMP vs upper band | +68.64% |
| Estimated listing price | ₹199 |
| Highest (23 Sep) | +₹81 |
| Lowest (17 Sep) | +₹30 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the SpectraA Technology Solutions IPO day-wise GMP.
Subscription
Day-wise subscription →SpectraA Technology Solutions IPO was subscribed 304.13x overall: QIB 184.55x, NII 442.01x and retail 313.17x.
| Category | Subscribed |
|---|---|
| QIB | 184.55x |
| NII | 442.01x |
| └ bNII (above ₹10 lakh) | 488.10x |
| └ sNII (₹2–10 lakh) | 349.83x |
| Retail | 313.17x |
| Total | 304.13x |
Final figures at the close of bidding on 21 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the SpectraA Technology Solutions IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 10,24,800 | 29.95% |
| Qualified Institutions | 6,84,000 | 19.99% |
| Non-Institutional | 5,14,800 | 15.05% |
| └ BNII | 3,43,200 | 10.03% |
| └ SNII | 1,71,600 | 5.02% |
| Retail Investors | 11,97,600 | 35.01% |
| Total | 34,21,200 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
SpectraA Technology Solutions IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,83,200 |
| Retail (Max) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹11,32,800 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹38.42 Cr (90.36%) with an offer for sale of ₹4.11 Cr (9.64%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹118, the issue is priced at 24.23x pre-issue earnings and 17.85x post-issue earnings per share.
Listed peers with positive earnings trade at a median P/E of 258.89x (1 company).
Promoter holding falls from 100.00% before the issue to 73.00% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹4.87 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 24.23x |
| EPS (post-issue) EPS on the enlarged share capital | ₹6.61 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 17.85x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 73.00% |
Spectraa Technology Solutions Limited financials
Between 31 Mar 2024 and 31 Mar 2025, Income fell from ₹89.68 Cr to ₹75.53 Cr, and profit after tax rose from ₹2 Cr to ₹4.91 Cr. The PAT margin for 31 Mar 2025 was 6.50%.
| Period ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 111.63 | 100.00 | 66.64 | 59.72 |
| Total Income | 34.12 | 75.53 | 89.68 | 103.49 |
| Profit After Tax | 4.41 | 4.91 | 2.00 | 1.78 |
| Net Worth | 17.58 | 13.12 | 8.18 | 6.17 |
| Reserve & Surplus | 16.46 | 12.00 | 7.06 | 5.05 |
| Total Borrowings | 24.63 | 17.21 | 14.19 | 10.55 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 60.95 | 46.14 | 27.92 |
| ROCE % | 37.61 | 31.92 | 20.55 |
| Debt / Equity | 0.00 | 1.31 | 1.73 |
| RoNW % | 46.59 | 37.46 | 24.49 |
| Pat Margin % | 11.42 | 6.54 | 2.25 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| SpectraA Technology Solutions Ltd | 10 | — | 11.45 | 11.45 | 46.59% | 24.58 |
| Praj Industries Limited | 2 | 258.89 | 1.30 | 1.30 | 1.82% | 71.23 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Capital Expenditure at Jaipur manufacturing facility |
| 2 | Repayment of Term Loans availed by our Company |
| 3 | Working Capital requirements |
| 4 | General Corporate Purposes |
About Spectraa Technology Solutions Limited
Incorporated in 2009, Spectraa Technology Solutions Limited (“Spectraa”) is engaged in the engineering, design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects across a diverse range of industries. The Company caters to various sectors, including breweries (craft and microbreweries), distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG (Fast-Moving Consumer Goods) and pharmaceuticals.
The Company primarily operates across the following product verticals:
Commercial Brewery Equipment: Turnkey brewhouse and cellar systems designed for commercial-scale beer production, including brewing, fermentation, conditioning and storage.
Distillery Equipment: Turnkey distillation systems incorporating copper pot stills for the separation and concentration of alcohol and flavour compounds used in the production of spirits.
Food and Beverage Plants: Process equipment and integrated plant solutions, including utilities and packaging interfaces, for the extraction and processing of flavours and colours from plant-based inputs.
Microbrewery Equipment: Turnkey brewhouse and cellar systems for craft and micro-scale breweries, covering brewing, fermentation, conditioning and storage processes.
Malt Spirit Equipment: Turnkey equipment systems covering the milling-to-distillation process for the production of malt spirit from malted grains, including wash stills, spirit stills, condensers, blending systems and storage tanks.
Extraction Plants: Extraction systems comprising extraction vessels along with holding and buffer tanks for processing plant-based inputs.
The Company operates two manufacturing facilities located in Bengaluru and Jaipur, with an aggregate built-up area of approximately 33,214.75 square feet.
As of the date of the Draft Red Herring Prospectus (DRHP), the Company has partnered with [●] customers/clients across India and international markets, reflecting its presence across both domestic and overseas markets.
Promoters
- A L Arun Kumar
- Sailaja Arun Kumar
- Praveen Kumar Appukuttan Nair Leela
- Divya Praveen
Contact details
SpectraA Technology Solutions Ltd.
17/7 Ali Asker Road,
Cunningham Rd, Bangalore G.P.O,
Bangalore North
Bangalore Rural, Karnataka, 560001
Telephone No.: +91 80 41150466
Email ID: cs@spectraa.com
Website:https://www.spectraa.com/
SpectraA Technology Solutions IPO FAQs
- What is the SpectraA Technology Solutions IPO price band?
- The SpectraA Technology Solutions IPO price band is ₹112 to ₹118 per share.
- What is the SpectraA Technology Solutions IPO lot size and minimum investment?
- The SpectraA Technology Solutions IPO lot size is 1200 shares. The minimum retail investment is ₹2,83,200 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,83,200.
- When was SpectraA Technology Solutions IPO open for subscription?
- SpectraA Technology Solutions IPO was open for subscription from Thu, 17 Sep 2026 to Mon, 21 Sep 2026.
- What is the SpectraA Technology Solutions IPO subscription status?
- SpectraA Technology Solutions IPO was subscribed 304.13x overall: QIB 184.55x, NII 442.01x and retail 313.17x. Day-wise and category-wise figures are on the subscription page.
- What was the SpectraA Technology Solutions IPO GMP before listing?
- The last SpectraA Technology Solutions IPO GMP before listing was +₹81 (+68.64% against the upper price band of ₹118), implying an estimated listing price of ₹199. Across 10 days of tracking, GMP ranged from +₹30 (17 Sep) to +₹81 (23 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the SpectraA Technology Solutions IPO allotment date?
- The SpectraA Technology Solutions IPO basis of allotment was finalised on Tue, 22 Sep 2026. You can check your allotment status on the Maashitla Securities Pvt. Limited website.
- What is the SpectraA Technology Solutions IPO listing date?
- SpectraA Technology Solutions IPO listed on NSE on Thu, 24 Sep 2026.
- Is the SpectraA Technology Solutions IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹38.42 Cr (90.36%) with an offer for sale of ₹4.11 Cr (9.64%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the SpectraA Technology Solutions IPO?
- The registrar for the SpectraA Technology Solutions IPO is Maashitla Securities Pvt. Limited, and the book running lead manager is Indcap Advisors Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.