SpectraA Technology Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
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…
Open Date
Thu, 17 Sep 2026
Close Date
Mon, 21 Sep 2026
Price Band
₹ 112 – 118
Lot Size
1200
Issue Size
₹ 42.52 Cr
Minimum Investment
₹ 283,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
SpectraA Technology Solutions IPO is set to open its Initial Public Offering (IPO) for subscription on September 17, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹42.52 Crore, comprising a fresh issue of 32.56 Lakh equity shares aggregating to ₹38.42 Crore and an offer for sale (OFS) of 3.48 Lakh equity shares aggregating to ₹4.11 Crore by the existing shareholders.
The SpectraA Technology Solutions IPO will open for subscription on September 17, 2026, and close on September 21, 2026. The basis of allotment is expected to be finalized on September 22, 2026, while the shares are tentatively scheduled to be listed on NSE SME Platform on September 24, 2026.
The company has fixed the price band at ₹112 to ₹118 per share, with a lot size of 1200 shares. Retail investors will require a minimum investment of ₹283,200 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited is the registrar to the issue. Indcap Advisors Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the SpectraA Technology Solutions IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 21, 2026.
SpectraA Technology Solutions IPO Timeline (Tentative)
- IPO Open Date
- Thu, 17 Sep 26
- IPO Close Date
- Mon, 21 Sep 26
- Basis of Allotment
- Tue, 22 Sep 26
- Initiation of Refunds
- Wed, 23 Sep 26
- Credit of Shares to Demat
- Wed, 23 Sep 26
- Listing Date
- Thu, 24 Sep 26 — NSE
Open Date
17 September 2026
Close Date
21 September 2026
Basis Of Allotment
22 September 2026
Listing Date
24 September 2026
IPO Subscription
Check Live Subscription →The SpectraA Technology Solutions IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 17 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 111.63 | 100 | 66.64 | 59.72 |
| Revenue | 34.12 | 75.53 | 89.68 | 103.49 |
| Profit After Tax | 4.41 | 4.91 | 2 | 1.78 |
| Net Worth | 17.58 | 13.12 | 8.18 | 6.17 |
| Reserve & Surplus | 16.46 | 12 | 7.06 | 5.05 |
| Total Borrowings | 24.63 | 17.21 | 14.19 | 10.55 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Spectraa Technology Solutions Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 60.95 | 46.14 | 27.92 |
| ROCE % | 37.61 | 31.92 | 20.55 |
| Debt / Equity | 0 | 1.31 | 1.73 |
| RoNW % | 46.59 | 37.46 | 24.49 |
| Pat Margin % | 11.42 | 6.54 | 2.25 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| SpectraA Technology Solutions Ltd | 10 | 0 | 11.45 | 11.45 | 46.59 | 24.58 |
| Praj Industries Limited | 2 | 258.89 | 1.3 | 1.3 | 1.82 | 71.23 |
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.
SpectraA Technology Solutions IPO Promoters
- A L Arun Kumar
- Sailaja Arun Kumar
- Praveen Kumar Appukuttan Nair Leela
- Divya Praveen
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.00%
SpectraA Technology Solutions IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure at Jaipur manufacturing facility
- Repayment of Term Loans availed by our Company
- Working Capital requirements
- General Corporate Purposes
Spectraa Technology Solutions Limited Address / 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/
IPO Snapshot
SpectraA Technology Solutions IPO Lot Size
The SpectraA Technology Solutions IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,83,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,83,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 283,200.00 |
| Retail (Max) | 2 | 2,400 | 283,200.00 |
| S-HNI (Min) | 3 | 3,600 | 424,800.00 |
| S-HNI (Max) | 7 | 8,400 | 991,200.00 |
| B-HNI (Min) | 8 | 9,600 | 1,132,800.00 |
Issue Reservation
SpectraA Technology Solutions IPO Registrar
Maashitla Securities Pvt. Limited
Check Allotment StatusBook Running Lead Managers
- Indcap Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the SpectraA Technology Solutions IPO?
SpectraA Technology Solutions IPO is a Book-building IPO with a total issue size of ₹42.52 crore. The SpectraA Technology Solutions IPO price band is ₹112 to 118 per share. The SpectraA Technology Solutions IPO subscription opens on Thu, Sep 17, 2026, and closes on Mon, Sep 21, 2026. The SpectraA Technology Solutions IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the SpectraA Technology Solutions IPO.
When will the SpectraA Technology Solutions IPO open for subscription?
The SpectraA Technology Solutions IPO opens on Thu, Sep 17, 2026 and closes on Mon, Sep 21, 2026
What is SpectraA Technology Solutions IPO Price Band?
SpectraA Technology Solutions IPO Price Band is ₹112 to 118 per share.
What is SpectraA Technology Solutions IPO Lot Size?
SpectraA Technology Solutions IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹283200 based on the upper price band
What is the minimum investment for SpectraA Technology Solutions IPO?
The minimum investment for SpectraA Technology Solutions IPO is ₹283200, based on one lot of 1200 shares at the upper price band of ₹118 per share.
How to apply for SpectraA Technology Solutions IPO?
Investors can apply for the SpectraA Technology Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 21, 2026. The application amount remains blocked until the SpectraA Technology Solutions IPO allotment is finalized.
What is SpectraA Technology Solutions IPO Issue Size?
SpectraA Technology Solutions IPO issue size is ₹42.52 crores.
What is the SpectraA Technology Solutions IPO Allotment Date?
SpectraA Technology Solutions IPO allotment date is Tue, Sep 22, 2026.
Who is the SpectraA Technology Solutions IPO Registrar?
The registrar for SpectraA Technology Solutions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check SpectraA Technology Solutions IPO allotment status, refund processing, and other IPO-related information.
Who is the SpectraA Technology Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the SpectraA Technology Solutions IPO are Indcap Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the SpectraA Technology Solutions IPO Red Herring Prospectus (RHP).