About SpectraA Technology Solutions Ltd.
Updated on Sep 14, 2026
SpectraA Technology Solutions IPO is a book build issue of ₹42.52 crores. The issue is a combination of fresh issue of 32.56 lakh shares aggregating to ₹38.42 crores and offer for sale of 3.48 lakh shares aggregating to ₹4.11 crores.
SpectraA Technology Solutions IPO opens for subscription on Sep 17, 2026 and closes on Sep 21, 2026. The allotment for the SpectraA Technology Solutions IPO is expected to be finalized on Sep 22, 2026. SpectraA Technology Solutions IPO will list on the NSE SME with a tentative listing date fixed as Sep 24, 2026.
SpectraA Technology Solutions IPO is set issue price band at ₹112 to ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,24,800.
Indcap Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd.
Refer to SpectraA Technology Solutions IPO RHP for detailed Information.
IPO Open
IPO Close
Price Band
Market Cap*
* on Upper Price
IPO Details
| IPO Date | 17 to 21 Sep, 2026 |
| Listing Date | Thu, Sep 24, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹112 to ₹118 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,03,600 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker |
1,82,400 shares
(agg. up to ₹2 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) |
30,73,200 shares (agg. up to ₹36 Cr) |
| Offer for Sale | 3,48,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 34,21,200 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,00,91,646 shares |
| Share Holding Post Issue | 1,33,47,246 shares |
IPO Timetable (Tentative)
- IPO OpenThu, Sep 17, 2026
- IPO CloseMon, Sep 21, 2026
- AllotmentTue, Sep 22, 2026
- RefundWed, Sep 23, 2026
- Credit of SharesWed, Sep 23, 2026
- ListingThu, Sep 24, 2026
Issue Reservation
SpectraA Technology Solutions IPO comprises a total issue size of 36,03,600 shares. The net offer to the public is 34,21,200 shares, after excluding 1,82,400 shares allotted on a firm basis. Of the Net offer 17,08,800 (49.95%) are allocated to QIB, 5,14,800 (15.05%) allocated to NII 11,97,600 (35.01%) allocated to RII.
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 17,08,800 | 49.95% | 47.42% |
| − Anchor Investor | 10,24,800 | 28.44% | |
| − QIB (Ex. Anchor) | 6,84,000 | 18.98% | |
| NII (HNI) | 5,14,800 | 15.05% | 14.29% |
| − bNII > ₹10L | 3,43,200 | 9.52% | |
| − sNII < ₹10L | 1,71,600 | 4.76% | |
| Retail | 11,97,600 | 35.01% | 33.23% |
| Firm Reservations | |||
| Market Maker | 1,82,400 | 5.06% | |
| Total | 36,03,600 | 100.00% | 100.00% |
IPO Lot Size (GMP)
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,83,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9600 | ₹11,32,800 |
IPO Subscription Details
About SpectraA Technology Solutions Ltd.
Updated on Sep 11, 2026
Incorporated in January 2009, SpectraA Technology Solutions Limited is an engineering and technology solutions provider engaged in the design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. The Company undertakes projects from engineering and design to fabrication, installation, commissioning and handover, with in-house manufacturing of key equipment and customised process plant systems. Its product portfolio includes commercial brewery equipment, distillery equipment, food and beverage plants, microbrewery equipment, malt spirit equipment and extraction plants. The Company also uses standardised modules and designs and deploys dedicated project teams at client sites to support timely project execution and cost control.
The Company has built process systems in accordance with ISO 9001:2015 and undertakes customised projects based on customer specifications. Its solutions are used for applications including beer brewing, fermentation, distillation, spirit production, extraction of flavours and colours from plant-based inputs, and processing of food and beverage products.
The Company operates two manufacturing facilities located in Bengaluru and Jaipur, with an aggregate built-up area of approximately 33,215 sq. ft. It follows a dual-sourcing approach for critical inputs and develops local vendor bases around its manufacturing hubs to support procurement and project schedules. The Company has also installed an aggregate 100 kWp rooftop solar capacity across its Malur plant, Jaipur plant and registered office, supporting reduction in power costs.
The Company has completed projects across various industries and maintains a diversified order book covering breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.
As of August 31, 2026, the Company had 79 employees across management, sales, accounts, project and site operations, production, purchase, design and engineering, electrical, logistics and other functions.
Competitive Strengths
- Diversified and sustainable order book.
- Diversified product and industry portfolio.
- End-to-end project execution capabilities.
- Experienced leadership and skilled workforce.
- Two strategically located manufacturing facilities.
- In-house fabrication and manufacturing capabilities.
- Quality-focused and ISO 9001:2015 compliant systems.
Company Financials (Restated Consolidated)
SpectraA Technology Solutions Ltd.’s revenue increased by 36% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 106.29 | 100.00 | 66.64 |
| Total Income | 103.05 | 75.53 | 89.68 |
| Profit After Tax | 11.56 | 4.91 | 2.00 |
| EBITDA | 19.26 | 10.13 | 4.48 |
| NET Worth | 24.81 | 13.12 | 8.18 |
| Reserves and Surplus | 14.72 | 12.00 | 7.06 |
| Total Borrowing | 26.96 | 17.21 | 14.19 |
| Amount in ₹ Crore | |||
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Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 60.95% |
| ROCE | 37.61% |
| Debt/Equity | 1.09 |
| RoNW | 46.59% |
| PAT Margin | 11.42% |
| EBITDA Margin | 19.04% |
| NAV | 24.58 |
| Price to Book Value | 4.80 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.45 | 8.66 |
| P/E (x) | 10.31 | 13.63 |
| Market Cap at Offer Price | ₹119.08 Cr. | ₹157.50 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 96.04% | 70% |
| Public | 3.96% | 30.00% |
| Total | 100% | 100% |
Company Promoters: A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen.
SpectraA Technology Solutions IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
- 011-45121795
- investor.ipo@maashitla.com
- Visit Website
IPO Lead Manager(s)
- Indcap Advisors Pvt.Ltd.
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 80 41150466
- cs@spectraa.com
- Visit Website
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