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SpectraA Technology Solutions IPO
📅 Founded: 2009
📍 Bengaluru, Karnataka
👥 79 employees
🌐 spectraa.com
📋 Face Value: ₹10
🏦 Market Cap: ₹314 Cr
Price Band
₹112 – ₹118
Issue Size
₹42.52 Cr
Lot Size
1200 shares
Min. Investment
₹2,83,200
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
24 Sep 2026
Registrar
Maashitla Securities
SpectraA Technology Solutions IPO at a glance
SpectraA Technology Solutions IPO was an SME issue of ₹42.52 Cr at a price band of ₹112 – ₹118 per share, open from 17 Sep 2026 to 21 Sep 2026. The shares listed on NSE SME on 24 Sep 2026 at ₹224.2, a listing gain of 90.0% against the issue price of ₹118.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹38.42 Cr
Offer for Sale (OFS)₹4.11 Cr
Total Issue Size₹42.52 Cr
Face Value₹10
Market Cap (at issue)₹314 Cr
Listing ExchangeNSE SME
📅 Open Date17 Sep 2026
🔒 Close Date21 Sep 2026
✂️ Cut-off Price Date21 Sep 2026
🎟️ Allotment Date22 Sep 2026
💸 Refund Initiation23 Sep 2026
📂 Demat Credit23 Sep 2026
📈 Listing Date24 Sep 2026
Objects of the Issue
- 💰 Capital expenditure at Jaipur — ₹11 Cr
- 💰 Repayment of term loans — ₹6.48 Cr
- 💰 Working capital — ₹9.50 Cr
- 💰 General corporate purposes — ₹5.70 Cr
About the Company
SpectraA Technology Solutions, based in Bengaluru, designs and builds customised process plants for the food and beverage industry. It handles projects end to end, from engineering and design to fabrication, installation and commissioning for breweries, distilleries and similar plants.
Strengths
- ✅ Designs, fabricates and installs brewery, distillery, microbrewery and food-plant equipment
- ✅ Plants in Bengaluru and Jaipur
- ✅ PAT rose more than five-fold between FY24 and FY26
Risk Factors
- ⚠️ Project-based revenue can be lumpy — income fell in FY25
- ⚠️ Depends on capex by alcohol and food companies
- ⚠️ Small team of about 79 employees
- ⚠️ Profit growth is recent and may not continue at the same pace
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
96.04%
Pre-IPO
→ -26.0%
70%
Post-IPO
Founders & Leadership
AK
A L Arun Kumar
Promoter
Promoter of the company
PL
Praveen Kumar A. N. Leela
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
17 Sep 2026
✓
Close Date
21 Sep 2026
✓
Allotment Date
22 Sep 2026
✓
Listing Date
24 Sep 2026
Key Financials
Revenue₹103.05 Cr
PAT₹11.56 Cr
EPS₹8.66
P/E Ratio13.63x
ROE46.59%
Market Cap₹314 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| 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 |
| Total Borrowing | 26.96 | 17.21 | 14.19 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 46.59 | 37.42 |
| EBITDA Margin (%) | 18.69 | 13.41 |
| Debt / Equity | 1.09 | 1.31 |
| Net Worth (Rs. Cr) | 24.81 | 13.12 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹8.66 | — |
| P/E (x) | 13.63x | — |
| ROE (%) | 46.59% | — |
| Promoter Holding | 96.04% | 70% |
| Market Cap | ₹314 Cr | |
IPO Registrar
Maashitla Securities
SpectraA Technology Solutions IPO FAQs
SpectraA Technology Solutions IPO is an SME IPO with an issue size of ₹42.52 Cr at a price band of ₹112 – ₹118. Minimum lot size is 1200 shares and the minimum application is 2 lots (minimum investment ~₹2,83,200). Opened on 17 Sep 2026 and closed on 21 Sep 2026. Listed on NSE SME. Registrar: Maashitla Securities.