SpectraA Technology Solutions

SpectraA Technology Solutions SME IPO

Listed

NSE SMEOpens 17 September 2026Closes 21 September 2026

Incorporated in 2009, Spectraa Technology Solutions Limited provides comprehensive turnkey engineering, design, fabrication, installation, commissioning, and decommissioning solutions for industrial process plants…

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Live GMPSubscriptionAllotment
Price band
₹112 - ₹118
Issue size
₹42.52 Cr
Lot size
1,200 shares
Type
NSE SME
GMP
₹81 (+68.6%)
Est. listing
₹199
Est. profit / app
₹1,94,400
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
8.66
P/E ratio
13.63
RoNW
46.59%
ROE
60.95%
Debt / Equity
1.09
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Timeline

  1. IPO Opens

    17 Sept 2026

  2. IPO Closes

    21 Sept 2026

  3. Allotment

    22 Sept 2026

  4. Listing

    24 Sept 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date17 September 2026
IPO Close Date21 September 2026
Allotment Date22 September 2026
Listing Date24 September 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,83,200
SHNI (Min)
3₹4,24,800
SHNI (Max)
7₹9,91,200
BHNIAbove ₹10,00,000
8₹11,32,800

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Capital Expenditure towards the Jaipur manufacturing facility (₹11.00 Cr).
  • Repayment of Term Loans availed by the Company (₹6.48 Cr).
  • Funding Working Capital requirements (₹9.50 Cr).
  • General Corporate Purposes.

Strengths

  • Strategically located manufacturing presence with dual units in Bengaluru (South) and Jaipur (North), offering geographic logistics advantages.
  • Integrated end-to-end capabilities spanning engineering design, custom fabrication, installation, and plant automation.
  • Well-diversified, sustainable order book across high-growth consumer sectors including craft breweries, distilleries, and pharmaceuticals.
  • Outstanding financial acceleration in FY26, with PAT surging 135% to ₹11.56 Cr and RoNW reaching 46.59%.

Weaknesses

  • Capital-intensive business model exposed to extended project execution cycles and substantial working capital needs.
  • Vulnerability to raw material cost swings, particularly stainless steel and specialized engineering consumables.
  • High dependence on industrial capital expenditures and regulatory licensing environments in the alcobev (brewery & distillery) segment.
  • Leverage profile carrying total debt of ₹26.96 Cr with a debt-to-equity ratio of 1.09x as of March 31, 2026.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)106.2910066.64
Revenue (₹ Cr.)103.0575.5389.68
PAT (₹ Cr.)11.564.912
Net Worth (₹ Cr.)24.8113.128.18

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
SpectraA Technology Solutions4.813.6346.59%24.81
Praj Industries Limited4.46193.481.48%1,309

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.02x184.55x
NII4.17x19.69x441.66x
S-HNI5.95x22.22x349.83x
B-HNI3.27x18.42x487.57x
RII9.54x31.4x313.16x
Total5.66x19.93x304.05x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB6,84,00012,62,30,4001,489.52
NII5,14,80022,73,65,2002,682.91
Small NII1,71,6006,00,31,200708.37
Big NII3,43,20016,73,34,0001,974.54
RII11,97,60037,50,40,8004,425.48
Total23,96,40072,86,36,4008,597.91
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Company Details

  • Spectraa Technology Solutions Limited
  • Plot No. 16, Peenya 1st Stage, KIADB Industrial Area, Bengaluru, Karnataka – 560058, India
  • +91 80 4117 1900
  • cs@spectraa.com
  • https://www.spectraa.com

Registrar Details

Frequently Asked Questions

What is the core business of Spectraa Technology Solutions Limited?
Spectraa Technology Solutions Limited provides end-to-end engineering, fabrication, and turnkey installation solutions for industrial process plants, primarily serving breweries, distilleries, food & beverage, and pharmaceutical manufacturers.
What are the subscription dates for the SpectraA Technology Solutions SME IPO?
The IPO opens for public bidding on September 17, 2026, and closes on September 21, 2026.
What is the price band and minimum investment for retail bidders?
The price band is fixed at ₹112.00 to ₹118.00 per share. Retail investors must bid for a minimum of 2 lots (2,400 shares), amounting to ₹2,83,200 at the upper price band.
What is the total issue size and composition?
The total issue size is ₹42.52 Crores (36,03,600 equity shares), comprising a fresh issue of ₹36.26 Crores and an offer for sale (OFS) of ₹4.11 Crores.
When and where is the company scheduled to list?
The equity shares are tentatively scheduled to list on the NSE EMERGE (SME) platform on September 24, 2026.

SpectraA Technology Solutions SME IPO News & Updates

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SpectraA Technology Solutions SME IPO IPO Pages

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SpectraA Technology Solutions SME IPO Details

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SpectraA Technology Solutions SME IPO GMP

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SpectraA Technology Solutions SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

SpectraA Technology Solutions SME IPO Allotment

Allotment date, chances, and check by PAN

SpectraA Technology Solutions SME IPO Review

SWOT, strengths, risks, and IPO review

SpectraA Technology Solutions SME IPO FAQ

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SpectraA Technology Solutions SME IPO Registrar

Registrar website and how to check allotment

SpectraA Technology Solutions SME IPO Timeline

Open, close, allotment, and listing dates

SpectraA Technology Solutions SME IPO News

Updates, blogs, and latest IPO news

Sources

We match SpectraA Technology Solutions SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Maashitla Securities Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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