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IPO details · Updated

SpectraA Technology Solutions Limited

OpenSMENSE: SPECTRAA
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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

Full 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

  1. Offer opens

    17 Sept 2026

  2. Offer closes· Today

    21 Sept 2026

  3. Allotment

    22 Sept 2026

  4. 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

CategoryOfferedBidsSubscribed
QIB6,84,00048,08,520
7.03x
NII5,14,8004,23,32,004
82.23x
Retail11,97,60010,95,32,496
91.46x
Total23,96,40015,66,73,020
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

ApplicationLotsSharesAmount
Retail22,400₹2,83,200
Small HNI (S-HNI)33,600₹4,24,800
Big HNI (B-HNI)89,600₹11,32,800

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets106.2910066.64
Total Income103.0575.5389.68
Profit After Tax11.564.912
EBITDA19.2610.134.48
Net Worth24.8113.128.18
Reserves & Surplus14.72127.06
Total Borrowing26.9617.2114.19

Key Performance Indicators

Key performance indicators
PeriodMar-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

CompanyP/EROE
Praj Industries Limited258.891.82%

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.

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.