SpectraA Technology Solutions IPO
SpectraA Technology Solutions IPO is a ₹42.52 crore SME book-built issue comprising a Fresh Issue of 32,55,600 equity shares and an Offer for Sale of 3,48,000 equity shares. The price band is ₹112 to ₹118 per share, with a lot size of 1,200 shares. The IP
SpectraA Technology Solutions IPO Details
SpectraA Technology Solutions IPO bidding is scheduled to start on September 17, 2026 and end on September 21, 2026. The allotment is scheduled to be finalized on September 22, 2026, refunds are scheduled to begin on September 23, 2026, and shares are expected to be credited to successful applicants on the same day. The shares are scheduled to list on NSE SME on September 24, 2026.
SpectraA Technology Solutions IPO GMP
SpectraA Technology Solutions IPO GMP is currently reported at ₹0, indicating no premium or discount over the IPO's upper price band of ₹118. The grey market premium is unofficial and may change before listing. Investors should not consider GMP as a guaranteed indicator of the actual listing price.
SpectraA Technology Solutions IPO Timeline (Tentative)
SpectraA Technology Solutions IPO is scheduled to open for subscription on September 17, 2026 and close on September 21, 2026. The basis of allotment is scheduled to be finalized on September 22, followed by refund initiation and credit of shares to successful applicants' Demat accounts on September 23. The shares are scheduled to list on NSE SME on September 24, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Sep 17, 2026 |
| IPO Close Date | Mon, Sep 21, 2026 |
| Basis of Allotment | Tue, Sep 22, 2026 |
| Initiation of Refunds | Wed, Sep 23, 2026 |
| Credit of Shares to Demat | Wed, Sep 23, 2026 |
| Listing Date | Thu, Sep 24, 2026 |
| Anchor Investor Bidding | September 16, 2026 |
| IPO Opens | September 17, 2026 |
| IPO Closes | September 21, 2026 |
| Basis of Allotment | September 22, 2026 |
| Refund Initiation | September 23, 2026 |
| Credit of Shares to Demat | September 23, 2026 |
| Listing Date | September 24, 2026 |
SpectraA Technology Solutions IPO Lot Size
The SpectraA Technology Solutions IPO lot size is 1,200 shares. At the upper price band of ₹118 per share, one lot requires an investment of ₹1,41,600. Retail investors need to apply for a minimum of two lots, representing 2,400 shares and an application amount of ₹2,83,200 at the upper price band.
| 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 |
SpectraA Technology Solutions IPO Reservation
SpectraA Technology Solutions IPO comprises a total issue size of 36,03,600 equity shares. The issue includes 10,26,360 shares allocated to anchor investors, 6,84,240 shares for other QIBs, 5,13,180 shares for NIIs and 11,97,420 shares for retail investors. A further 1,82,400 shares are reserved for the market maker.
SpectraA Technology Solutions IPO Subscription
SpectraA Technology Solutions IPO is scheduled to open for subscription on September 17, 2026. Category-wise bidding figures will be available after the subscription window opens. At present, the IPO has not started accepting applications.
| Category | Subscription (times) |
|---|---|
| QIB | 0x |
| NII | 0x |
| RII | 0x |
| Total | 0x |
About SpectraA Technology Solutions
SpectraA Technology Solutions Limited is an engineering-led company engaged in designing, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects.
The company serves a range of industries including breweries, craft and microbreweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.
Its business covers the project lifecycle from engineering and design through manufacturing, installation, commissioning and handover. The company manufactures key components and process equipment in-house and also provides customized solutions according to customer requirements.
SpectraA Technology Solutions operates manufacturing facilities in Karnataka and Rajasthan and has developed capabilities for supplying engineering and process equipment to domestic and international customers.
Its product portfolio includes commercial brewery equipment, distillery equipment, food and beverage plants, microbrewery equipment, malt spirit equipment and extraction plants. The company also provides related process systems, vessels, tanks, piping and engineering solutions.
Strengths
- Engineering-led business model with capabilities across design, fabrication, installation and commissioning.
- Presence across multiple industries including breweries, distilleries, food and beverages, pharmaceuticals and extraction.
- In-house fabrication and manufacturing capabilities for key process equipment and components.
- Manufacturing presence across Karnataka and Rajasthan.
- Strong improvement in profitability in FY2026, with PAT increasing to ₹11.56 crore.
- Diversified product portfolio covering brewery, distillery, food and beverage, malt spirit and extraction applications.
- Customized engineering solutions allow the company to address different project specifications and customer requirements.
Risks to Consider
- The business is project-driven and delays in project execution or commissioning may affect revenue recognition and profitability.
- The company operates in competitive engineering and process equipment markets.
- Working capital requirements can be significant because of project execution cycles, inventory and customer payment timelines.
- The company has borrowings of ₹26.96 crore as of FY2026, resulting in a debt-to-equity ratio of 1.09.
- Fluctuations in prices of steel and other raw materials can affect project margins.
- The company is exposed to capital expenditure cycles in the industries it serves.
- SME-listed shares may experience lower liquidity and greater price volatility compared with mainboard-listed companies.
SpectraA Technology Solutions Financials (₹ Cr)
SpectraA Technology Solutions reported improvement in both revenue and profitability in FY2026. Total income increased from ₹75.53 crore in FY2025 to ₹103.05 crore in FY2026, while profit after tax increased from ₹4.91 crore to ₹11.56 crore. Net worth also increased from ₹13.12 crore in FY2025 to ₹24.81 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 89.68 | 2.00 | 66.64 | 8.18 |
| FY2025 | 75.53 | 4.91 | 100.00 | 13.12 |
| FY2026 | 103.05 | 11.56 | 106.29 | 24.81 |
KPIs & Valuation
At the upper IPO price of ₹118 per share, SpectraA Technology Solutions has a pre-issue P/E of 10.31x and a post-issue P/E of 13.63x based on the disclosed FY2026 earnings. The FY2026 EPS is ₹11.45 on a pre-issue basis and ₹8.66 after the fresh issue dilution.
Objects of the Issue
The company proposes to use the net proceeds from the Fresh Issue for capital expenditure at its Jaipur manufacturing facility, repayment of term loans, working capital requirements and general corporate purposes.
- The Fresh Issue proceeds will support the company's expansion and financial requirements. A significant portion is proposed to be invested in the Jaipur manufacturing facility, while other proceeds will be used for repayment of term loans and working capital.
- The company proposes to utilise the IPO proceeds for:
- Capital Expenditure at Jaipur manufacturing facility — ₹12.41 crore.
- Repayment of Term Loans availed by the Company — ₹9.00 crore.
- Working Capital Requirements — ₹9.50 crore.
- General Corporate Purposes — Balance amount.
Promoters, Lead Managers & Registrar
SpectraA Technology Solutions Limited is promoted by A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen. Indcap Advisors Private Limited is the Book Running Lead Manager for the IPO, while Maashitla Securities Private Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Private Limited |
|---|---|
| Phone | 011-47581432 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
SpectraA Technology Solutions IPO Review
SpectraA Technology Solutions operates in a specialized engineering and process equipment segment serving breweries, distilleries, food and beverage businesses, pharmaceutical applications and other industrial customers.
The company has an integrated project-oriented model covering engineering, fabrication, installation and commissioning. Its in-house manufacturing capabilities and customized solutions provide an opportunity to serve customers requiring specialized process equipment and plant solutions.
The company's financial performance has improved considerably. Total income increased to ₹103.05 crore in FY2026 from ₹75.53 crore in FY2025, while PAT increased from ₹4.91 crore to ₹11.56 crore during the same period.
The IPO proceeds are primarily intended for expansion of the Jaipur manufacturing facility, repayment of term loans and working capital. These uses can support manufacturing capacity and liquidity if implemented effectively.
However, investors should also consider the company's project-based revenue model, working capital requirements, borrowings, raw material exposure and the liquidity risks associated with SME-listed companies.
At the upper price band of ₹118, the IPO is valued at approximately 10.31x pre-issue earnings and 13.63x post-issue earnings based on the disclosed FY2026 financial information.
Overall, SpectraA Technology Solutions has an improving financial profile and operates in a specialized industrial engineering segment, but investors should evaluate the issue with attention to project execution, debt, working capital and SME-market risks.
How to Apply
SpectraA Technology Solutions IPO applications can be made through supported brokers using the applicable IPO application facility.
- Log in to your stockbroker account or application.
- Open the IPO section.
- Select SpectraA Technology Solutions IPO.
- Enter the number of lots you wish to apply for.
- Enter the bid price within the IPO price band or select the applicable cut-off option where available.
- Enter your valid UPI ID or use the applicable ASBA facility.
- Submit the IPO application.
- Approve the UPI mandate when the request is received.
- The application amount will remain blocked in the bank account until the allotment process is completed.
- If shares are allotted, the required amount will be debited and the allotted shares will be credited to the Demat account. Otherwise, the blocked amount will be released.
Prospectus & Documents
Official offer documents and disclosures for the SpectraA Technology Solutions IPO. Always read the RHP before investing.
Last updated Sep 14, 2026.