SpectraA Technology Solutions IPO Latest News
The SpectraA Technology Solutions IPO has opened for public subscription today, September 17, 2026, giving investors a three-day window to participate in the NSE SME issue. The IPO will remain open until September 21, 2026, while the basis of allotment is expected to be finalised on September 22.
The company has fixed the IPO price band at ₹112 to ₹118 per share. The total issue size is approximately ₹42.52 crore, comprising a fresh issue along with an offer for sale. The shares are proposed to be listed on the NSE SME platform on September 24, 2026.
SpectraA Technology Solutions IPO Important Details
| Particular | Details |
|---|---|
| IPO | SpectraA Technology Solutions IPO |
| Open Date | 17 Sep 2026 |
| Close Date | 21 Sep 2026 |
| Price Band | ₹112–₹118 |
| Issue Size | ₹42.52 Crore |
| Issue Type | Fresh Issue + OFS |
| Lot Size | 1,200 Shares |
| Retail Application | 2,400 Shares |
| Retail Investment | ₹2.83 Lakh |
| Exchange | NSE SME |
| Allotment | 22 Sep 2026 |
| Listing Date | 24 Sep 2026 |
At the upper price band, a retail investor applying for 2,400 shares would require approximately ₹2.83 lakh.
SpectraA Technology Solutions IPO Subscription Status
The IPO opened today, September 17, so subscription figures are expected to develop throughout the trading session. As the issue progresses, investors will be watching QIB, NII and retail participation separately.
The subscription response during the three-day bidding period will provide a clearer picture of investor demand. Final subscription figures should be considered only after the issue closes on September 21.
SpectraA Technology Solutions IPO GMP Today
The SpectraA Technology Solutions IPO GMP has been active in the grey market ahead of and during the IPO opening. IPO Watch reported that the GMP reached around ₹50 on September 16, after being around ₹27 on September 14. GMP is an unofficial market indicator and can change rapidly during the IPO period.
At a ₹50 GMP, the indicative price based on the upper IPO price of ₹118 would be around ₹168. However, this is only a grey-market indication and should not be treated as a guaranteed listing price or return.
About SpectraA Technology Solutions
SpectraA Technology Solutions is a Bengaluru-based engineering company involved in designing, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects.
The company serves industries such as breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.
Its product and engineering portfolio includes commercial brewery equipment, distillery equipment, food and beverage processing plants, microbrewery equipment, malt spirit equipment and extraction plants.
SpectraA Technology Solutions Order Book
One of the key points investors may track is the company's order book. As of August 25, 2026, SpectraA Technology Solutions had an order book of approximately ₹81.30 crore.
The order book includes projects across breweries, distilleries, malt spirit, extraction, food and beverage and customised processing applications.
The company operates manufacturing facilities in Bengaluru and Jaipur and has an installation footprint covering 19 states and three Union Territories, along with exports to 10 countries.
SpectraA Technology Solutions Financial Performance
The company has reported significant growth in its recent financial performance.
| Particular | FY2025 | FY2026 |
|---|---|---|
| Revenue | ₹75.53 Crore | ₹103.05 Crore |
| PAT | ₹4.91 Crore | ₹11.56 Crore |
Revenue increased from ₹75.53 crore in FY2025 to ₹103.05 crore in FY2026, while profit after tax rose from ₹4.91 crore to ₹11.56 crore.
The increase in profitability is an important development for the company as it enters the public market.
Use of SpectraA Technology Solutions IPO Funds
The fresh issue proceeds are planned to be used for business and financial requirements, including:
- Capital expenditure at the Jaipur manufacturing facility
- Repayment of term loans
- Working capital requirements
- General corporate purposes
The planned capital expenditure allocation is approximately ₹11 crore, while around ₹6.48 crore is proposed for repayment of term loans and approximately ₹9.5 crore for working capital requirements.
SpectraA Technology Solutions Business Strengths
The company has an integrated engineering and fabrication model and carries out several manufacturing processes in-house. Its capabilities include cutting, rolling, welding, passivation, pressure testing and factory acceptance testing.
Another notable point is its technical workforce. The company reported that technical employees represented around 90% of its workforce as of August 31, 2026.
Its customer exposure across multiple processing industries and its project presence in domestic and export markets provide a diversified operating base.
Key Risks for SpectraA Technology Solutions IPO
Investors should also consider the risks associated with the business.
The company operates in a competitive and fragmented engineering market, where larger domestic and international competitors may have greater resources and established customer relationships.
The company also had outstanding borrowings of approximately ₹22.98 crore as of August 31, 2026, while trade receivables stood at approximately ₹44.47 crore as of March 31, 2026. Delays in collecting receivables could affect liquidity and cash flow.
The company's operations can also be affected by raw-material costs, project execution, customer demand, regulatory changes and broader economic conditions.
SpectraA Technology Solutions IPO Listing Date
The IPO allotment is expected on September 22, 2026, followed by refunds and demat credit on September 23. The shares are scheduled to list on September 24, 2026 on NSE.
SpectraA Technology Solutions IPO Latest Update
As of September 17, 2026, SpectraA Technology Solutions IPO has officially opened for subscription. The company is raising approximately ₹42.52 crore at a price band of ₹112–₹118 per share.
The company's recent revenue and profit growth, ₹81.30 crore order book and engineering capabilities are among the key factors being tracked during the IPO period. At the same time, investors will be watching subscription numbers, GMP movement, debt levels and working-capital requirements before the issue closes on September 21.
With subscription now underway, the next major IPO updates will be the day-wise subscription figures and changes in the grey-market premium.
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