IPO details · Updated
SpectraA Technology Solutions Limited
- Price Band
- ₹112 – ₹118
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,41,600
- Issue Size
- ₹42.52 Cr
- Offer Dates
- 17 Sept – 21 Sept 2026
- Listing
- 24 Sept 2026
Issue Details
- Total Issue Size
- ₹42.52 Cr
- 36,03,600 shares
- Fresh Issue
- ₹38.42 Cr
- 32,55,600 shares
- Offer for Sale
- ₹4.11 Cr
- 3,48,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,00,91,646
- Shares Post-Issue
- 1,33,47,246
IPO Timeline
Offer opens
17 Sept 2026
Offer closes· Today
21 Sept 2026
Allotment
22 Sept 2026
Listing
24 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.4%10,24,800 shares
- QIB19.0%6,84,000 shares
- HNI14.3%5,14,800 shares
- Retail33.2%11,97,600 shares
- MarketMaker5.1%1,82,400 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 6,84,000 | 48,08,520 | 7.03x |
| NII | 5,14,800 | 4,23,32,004 | 82.23x |
| Retail | 11,97,600 | 10,95,32,496 | 91.46x |
| Total | 23,96,400 | 15,66,73,020 | 65.38x |
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
S-HNI (min)
3 lots · 3,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,83,200 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹4,24,800 |
| Big HNI (B-HNI) | 8 | 9,600 | ₹11,32,800 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 106.29 | 100 | 66.64 |
| Total Income | 103.05 | 75.53 | 89.68 |
| Profit After Tax | 11.56 | 4.91 | 2 |
| EBITDA | 19.26 | 10.13 | 4.48 |
| Net Worth | 24.81 | 13.12 | 8.18 |
| Reserves & Surplus | 14.72 | 12 | 7.06 |
| Total Borrowing | 26.96 | 17.21 | 14.19 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 60.95 |
| ROCE (%) | 37.61 |
| EPS (₹) | 11.45 |
| P/E (pre-issue) | 10.31 |
| P/E (post-issue) | 13.63 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Praj Industries Limited | 258.89 | 1.82% |
About SpectraA Technology Solutions Limited
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.
Objects of the Issue
- Capital Expenditure at Jaipur manufacturing facility (₹11.00 Cr)
- Repayment of Term Loans availed by the Company (₹6.48 Cr)
- Working Capital requirements (₹9.50 Cr)
- General Corporate Purposes
Promoters
- <p>A L Arun Kumar
- Sailaja Arun Kumar
- Praveen Kumar Appukuttan Nair Leela
- Divya Praveen</p>
Company Information
- Book running lead managers
- Indcap Advisors Pvt.Ltd.
- Registered office
- 17/7 Ali Asker Road, Cunningham Rd, Bangalore G.P.O, Bangalore Rural, Karnataka, 560001
- Market maker
- Asnani Stock Broker Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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