GMP IPO Watch
SpectraA Technology Solutions IPO
SpectraA Technology Solutions IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
SpectraA Technology Solutions IPO Details
Key facts at a glance| IPO Open Date | 16 September 2026 | IPO Close Date | 20 September 2026 |
|---|---|---|---|
| Basis of Allotment | 21 September 2026 | Listing Date | 23 September 2026 |
| Price Band | ₹112 - ₹118 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,83,200 |
| Total Issue Size | ₹42.52 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹38.42 Cr | Offer for Sale (OFS) | ₹4.11 Cr |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
SpectraA Technology Solutions IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 16 September 2026 | Confirmed |
| IPO Close Date | 20 September 2026 | Confirmed |
| Basis of Allotment | 21 September 2026 | Tentative |
| Initiation of Refunds | 23 September 2026 | Tentative |
| Credit of Shares to Demat | 23 September 2026 | Tentative |
| IPO Listing Date | 23 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 21 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
SpectraA Technology Solutions IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹4,24,800 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,91,200 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹11,32,800 |
SpectraA Technology Solutions IPO Live GMP & Movement History
Daily unofficial grey market trends₹67 +56.8%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 23 Sept 2026 | ₹73 | ₹191.00 | +61.86% |
| 22 Sept 2026 | ₹67 | ₹185.00 | +56.78% |
| 21 Sept 2026 | ₹45 | ₹163.00 | +38.14% |
| 19 Sept 2026 | ₹45 | ₹163.00 | +38.14% |
| 18 Sept 2026 | ₹30 | ₹148.00 | +25.42% |
| 16 Sept 2026 | ₹50 | ₹168.00 | +42.37% |
SpectraA Technology Solutions IPO Subscription Status
Demand breakdown by investor categorySpectraA Technology Solutions Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 66.64 Cr. | 89.68 Cr. | 86.85 Cr. | 2.00 Cr. |
| 2025 | 100.00 Cr. | 75.53 Cr. | 68.03 Cr. | 4.91 Cr. |
| 2026 | 106.29 Cr. | 103.05 Cr. | 87.57 Cr. | 11.56 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
SpectraA Technology Solutions IPO Valuation & KPIs
Key metrics pre-issueSpectraA Technology Solutions Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Praj Industries Limited | 258.89 | 1.30 | 1.82% | 71.23 | 3,218.24 Cr. |
About SpectraA Technology Solutions
SpectraA Technology Solutions Limited provides engineering and manufacturing solutions for process industries. The company manufactures steel tanks and turnkey process systems used in food and beverages, craft and microbreweries, malt spirit and blending plants, pharmaceuticals, and consumer goods. Its business activities cover design, in-house fabrication, supply, installation, and commissioning of process equipment, skid packages, and integrated automation systems. Revenue is generated from the sale of manufactured equipment, execution of turnkey projects, and related technical services. Operating out of two facilities in Karnataka and Rajasthan, the company serves both domestic markets across multiple states and international clients through product exports. Its business model focuses on custom engineering solutions, process integration, and higher-margin specialized manufacturing across its target sectors.
Key Strengths
- In-house design, engineering, and manufacturing capabilities across process industries.
- Strategic transition toward higher-margin products improving profitability metrics.
- Established presence and execution capability in brewery and distillery sectors.
- Global market reach with active product exports to international geographies.
- Integrated turnkey project execution covering design, supply, installation, and commissioning.
Key Risks
- A significant portion of revenue relies on a limited number of customers.
- Concentration of raw material procurement among the top ten key suppliers.
- Reliance on customers in alcohol-related industries is vulnerable to sudden regulatory changes.
- High working capital intensity with trade receivables forming substantial current assets.
- Geographical revenue concentration is primarily in a few domestic Indian states.
SpectraA Technology Solutions IPO Reservation & Share Quotas
The SpectraA Technology IPO reservation details show how the offered shares are allocated across different investor categories. The reservation includes anchor investors, QIBs excluding the anchor portion, non-institutional investors and retail investors.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 10,24,800 Shares | 28.44% |
| QIB (Ex. Anchor) | 6,84,000 Shares | 18.98% |
| NII Shares Offered | 5,14,800 Shares | 14.29% |
| Retail Shares Offered | 11,97,600 Shares | 33.23% |
Note: The reservation figures are based on the SpectraA Technology IPO information provided.
SpectraA Technology Solutions IPO Anchor Investors
SpectraA Technology IPO anchor investor details provide information about the anchor bidding schedule, shares reserved for anchor investors and the applicable lock-in periods. Anchor bidding is scheduled ahead of the public issue opening.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 16, 2026 |
| Shares Offered | 10,24,800 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor investor information is based on the SpectraA Technology IPO details provided.
SpectraA Technology Solutions IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 17 Sept 2026 |
| IPO Close Date | 21 Sept 2026 |
| Basis of Allotment | 22 Sept 2026 |
| Refunds | 23 Sept 2026 |
| Credit to Demat Account | 23 Sept 2026 |
| IPO Listing Date | 24 Sept 2026 |
Note: The timeline for स्पेक्ट्राए प्रौद्योगिकी समाधान IPO is tentative and subject to change.
SpectraA Technology Solutions Promoters and Shareholding Pattern
The promoters of SpectraA Technology are A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen. The holding pattern below presents the shareholding of the promoter and promoter group compared with other shareholders before and after the IPO.
The table provides the pre-IPO and post-IPO shareholding figures along with their respective percentages, giving a view of how the ownership structure changes following the public issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 23,31,25,700 | 91.48% | 21,31,50,700 | 67.62% |
| Others* | 2,16,98,300 | 8.52% | 10,20,50,658 | 32.38% |
| Total | 1,00,91,646 | 100% | 1,33,47,246 | 100% |
Note: The holding pattern figures are based on the SpectraA Technology IPO information provided.
SpectraA Technology Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capital Expenditure at Jaipur manufacturing facility | 11 (28.63%) |
| Repayment of Term Loans availed by the Company | 6.48 (16.87%) |
| Working Capital requirements | 9.5 (24.73%) |
| General corporate purposes | 11.44 (29.77%) |
Note: Objectives are as specified in the DRHP/RHP documents of स्पेक्ट्राए प्रौद्योगिकी समाधान.
SpectraA Technology Solutions About the IPO
Founded in 2009, SpectraA Technology Solutions has been involved in engineering, designing, fabrication, installation, commissioning, and decommissioning of Greenfield projects (building a completely new plant) and brownfield projects (modifying the existing plant). The company offers a wide range of equipment, engineering services, and products to help companies set up and operate industrial plants.
SpectraA can set up, transfer, or decommission any new or existing manufacturing plant to clients’ specifications. Moreover, the firm has successfully installed many projects for pharmaceutical SS bioreactors & mixers, brewery & microbrewery plants, yogurt plants, dairy plants, sugar manufacturing plants, processed food plants, and soft drink & beverage bottling plants in South Asian countries like Srilanka, Bhutan & Nepal, including several locations in India and African countries like the Republic of Benin.
SpectraA Technology Solutions Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 89.68 Cr. | 86.85 Cr. | 2.00 Cr. | 66.64 Cr. |
| 2025 | 75.53 Cr. | 68.03 Cr. | 4.91 Cr. | 100.00 Cr. |
| 2026 | 103.05 Cr. | 87.57 Cr. | 11.56 Cr. | 106.29 Cr. |
Note: Financial numbers for स्पेक्ट्राए प्रौद्योगिकी समाधान are in ₹ Crores unless stated otherwise.
SpectraA Technology Solutions Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 60.95% |
| ROCE | 37.61% |
| EBITDA Margin | 19.04% |
| PAT Margin | 11.42% |
| Debt to Equity Ratio | 1.09 |
| Earning Per Share (EPS) | 11.45 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 46.59% |
| Net Asset Value (NAV) | 24.58 |
Note: Valuation KPIs for स्पेक्ट्राए प्रौद्योगिकी समाधान are computed for FY2026.
SpectraA Technology Solutions Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Praj Industries Limited | 1.30 | 258.89 | 1.82% | 71.23 | 3,218.24 Cr. |
Note: Peer group comparisons for स्पेक्ट्राए प्रौद्योगिकी समाधान are sourced from DRHP filings.
SpectraA Technology Solutions Lead Managers & Merchant Bankers
- Indcap Advisors Pvt. Ltd.
SpectraA Technology Solutions IPO FAQs
SpectraA Technology Solutions IPO opens for subscription on 16 September 2026 and closes on 20 September 2026.
The price band for SpectraA Technology Solutions IPO is set at ₹112.00 to ₹118.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,83,200).
The latest Grey Market Premium (GMP) for SpectraA Technology Solutions IPO is ₹67. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for SpectraA Technology Solutions IPO is tentatively scheduled for 21 September 2026, and shares are expected to list on the stock exchanges on 23 September 2026.
The registrar details will be confirmed in the official prospectus.