The SpectraA Technology Solutions IPO opened for subscription on September 17, 2026, and will close on September 21, 2026. The IPO is a book-built NSE SME issue with a total size of approximately ₹42.52 crore. The price band has been fixed at ₹112 to ₹118 per equity share.
The SpectraA Technology Solutions IPO consists of a fresh issue of up to 32.56 lakh shares aggregating up to ₹38.42 crore at the upper price band and an offer for sale of 3.48 lakh shares worth up to ₹4.10 crore. The shares are proposed to list on NSE SME on September 24, 2026.
| Particular | Details |
|---|---|
| IPO Name | SpectraA Technology Solutions IPO |
| IPO Dates | Sep 17–21, 2026 |
| IPO Type | NSE SME |
| Price Band | ₹112–₹118 |
| Issue Size | ₹42.52 Cr |
| Fresh Issue | ₹38.42 Cr |
| OFS | ₹4.10 Cr |
| Face Value | ₹10 |
| Minimum Bid | 2,400 Shares |
| Minimum Investment | ₹2,83,200 |
| Allotment | Sep 22, 2026 |
| Refund/Demat | Sep 23, 2026 |
| Listing Date | Sep 24, 2026 |
| Listing Platform | NSE SME |
| Registrar | Maashitla Securities |
SpectraA Technology Solutions IPO GMP Today
The latest SpectraA Technology Solutions IPO GMP is around ₹50 per share, according to current grey-market tracking. At the upper IPO price of ₹118, this indicates an unofficial estimated price of around ₹168 per share and a grey-market premium of approximately 42.37%.
The GMP has changed during the pre-IPO period. It was reported at ₹27 on September 14 and reached around ₹50 on September 16. GMP is unofficial and can change before the actual listing, so the grey-market indication should not be treated as a guaranteed listing price.
SpectraA Technology Solutions IPO Subscription Status
The SpectraA Technology Solutions IPO opened today, so subscription data is still developing. The issue has reserved 50% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.
| Investor Category | Reservation |
|---|---|
| QIB | 50% |
| NII | 15% |
| Retail | 35% |
The final SpectraA Technology Solutions IPO subscription figure will depend on bids received during the four-day bidding period ending September 21.
SpectraA Technology Solutions IPO Lot Size
The minimum bid for the SpectraA Technology Solutions IPO is 2,400 shares, with bids accepted in multiples of 1,200 shares thereafter. At the upper price band of ₹118, the minimum application amount is ₹2,83,200.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 2,400 | ₹2,83,200 |
| S-HNI Minimum | 3,600 | ₹4,24,800 |
| B-HNI Minimum | 9,600 | ₹11,32,800 |
Because this is an SME IPO, the minimum application amount is substantially higher than that of many mainboard IPOs.
SpectraA Technology Solutions Company Business
SpectraA Technology Solutions Limited provides engineering, design, fabrication, installation, commissioning and decommissioning services for greenfield and brownfield projects.
The company's work covers several industrial sectors, including breweries, distilleries, food and beverages, malt and spirits, extraction plants, FMCG and pharmaceuticals. Its engineering activities give the company exposure to industrial manufacturing and process-plant requirements.
The company is also planning capital expenditure at its Jaipur manufacturing facility. The expansion is intended to support its manufacturing and engineering capabilities as the business grows.
SpectraA Technology Solutions IPO Order Book
The SpectraA Technology Solutions IPO is also being watched for its order pipeline. The company had a confirmed order book of approximately ₹81.30 crore as of August 25, 2026, according to reports based on its IPO documents.
An order book provides visibility into future execution, although actual revenue recognition depends on project completion, customer requirements and timely execution.
SpectraA Technology Solutions IPO Financial Performance
The financial performance of SpectraA Technology Solutions improved considerably by FY26. Revenue increased to ₹103.05 crore in FY26 from ₹75.53 crore in FY25, while profit after tax increased to ₹11.56 crore from ₹4.91 crore.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY24 | ₹89.68 Cr | ₹2.00 Cr |
| FY25 | ₹75.53 Cr | ₹4.91 Cr |
| FY26 | ₹103.05 Cr | ₹11.56 Cr |
The company recorded a PAT margin of around 11.42% in FY26, compared with 6.54% in FY25 and 2.25% in FY24. RoCE also increased to around 37.61% in FY26 from 31.92% in FY25.
SpectraA Technology Solutions IPO EBITDA and Debt
The SpectraA Technology Solutions IPO financials show FY26 EBITDA of approximately ₹19.26 crore. At the same time, the company had borrowings of around ₹26.96 crore as of March 31, 2026.
The increase in profitability is an important part of the company's recent financial performance, while the existing borrowing level remains a factor investors may consider when evaluating the business.
SpectraA Technology Solutions IPO Objects of the Issue
The fresh proceeds from the SpectraA Technology Solutions IPO are planned for multiple business purposes.
Approximately ₹11 crore is proposed for capital expenditure at the Jaipur manufacturing facility. Around ₹6.48 crore is intended for repayment or prepayment of term loans, while approximately ₹9.50 crore is planned for working capital requirements. The remaining proceeds are intended for general corporate purposes.
| IPO Fund Use | Amount |
|---|---|
| Jaipur Facility Capex | ₹11.00 Cr |
| Loan Repayment | ₹6.48 Cr |
| Working Capital | ₹9.50 Cr |
| Balance | General Corporate Purposes |
SpectraA Technology Solutions IPO Promoters and Issue Structure
The SpectraA Technology Solutions IPO includes an OFS of up to 3.48 lakh shares. The selling shareholders include A L Arun Kumar and Sailaja Arun Kumar, with each offering up to 1.74 lakh shares.
Following the fresh issue, the company's paid-up equity capital will increase as new shares are issued. The IPO represents approximately 27% of the post-offer paid-up equity capital.
SpectraA Technology Solutions IPO Peer Comparison
The offer documents identify Praj Industries as a listed peer. However, the business models and operating scale are not identical, so a direct valuation comparison should be considered carefully.
The IPO valuation should therefore be assessed using the company's own revenue growth, margins, return ratios, debt, order book and future expansion plans rather than relying on a single peer multiple.
SpectraA Technology Solutions IPO Strengths
The SpectraA Technology Solutions IPO has several business factors that investors may monitor:
- Engineering exposure across multiple industrial sectors.
- FY26 revenue and profit growth.
- Improvement in PAT margin and RoCE.
- Confirmed order book providing some visibility for future execution.
- Planned expansion of the Jaipur manufacturing facility.
- IPO proceeds partly allocated toward debt repayment and working capital.
- Exposure to breweries, distilleries, food processing, FMCG and pharmaceutical industries.
These factors describe the company's business profile and recent developments; they do not guarantee future financial performance.
SpectraA Technology Solutions IPO Risks
The SpectraA Technology Solutions IPO also carries several risks. The company operates in an engineering and project-based environment where execution timelines, customer orders and working-capital requirements can affect financial performance.
Borrowings of around ₹26.96 crore as of March 2026 are another factor to monitor. The company is also relatively small compared with larger listed engineering businesses, while expansion of the Jaipur facility will require successful execution and additional operational capacity.
SME-listed shares can also have different liquidity characteristics compared with mainboard stocks, which investors should consider separately from the company's operating performance.
SpectraA Technology Solutions IPO Important Dates
The SpectraA Technology Solutions IPO opened on September 17 and will close on September 21, 2026. The basis of allotment is expected on September 22, followed by refunds and demat credit on September 23. The shares are scheduled to list on NSE SME on September 24, 2026.
| Event | Date |
|---|---|
| IPO Opens | Sep 17, 2026 |
| IPO Closes | Sep 21, 2026 |
| Allotment | Sep 22, 2026 |
| Refund | Sep 23, 2026 |
| Demat Credit | Sep 23, 2026 |
| Listing | Sep 24, 2026 |
SpectraA Technology Solutions IPO Review
The SpectraA Technology Solutions IPO comes with a combination of improving financial performance, an engineering-focused business and planned investment in manufacturing capacity. FY26 revenue reached ₹103.05 crore and PAT stood at ₹11.56 crore, while the company also reported an order book of around ₹81.30 crore.
At the same time, investors tracking the SpectraA Technology Solutions IPO should examine its SME structure, minimum investment of ₹2.83 lakh, borrowing level, project execution requirements and valuation. The current GMP of around ₹50 is an unofficial grey-market indicator and can change significantly before listing.
SpectraA Technology Solutions IPO Key Highlights
- SpectraA Technology Solutions IPO size: ₹42.52 crore.
- Price band: ₹112–₹118 per share.
- Fresh issue: up to ₹38.42 crore.
- OFS: up to ₹4.10 crore.
- Minimum application: 2,400 shares.
- Minimum investment at the upper band: ₹2,83,200.
- NSE SME listing scheduled for September 24, 2026.
- Latest reported GMP: around ₹50.
- FY26 revenue: ₹103.05 crore.
- FY26 PAT: ₹11.56 crore.
- FY26 order book: around ₹81.30 crore.
- IPO proceeds include capex, loan repayment and working capital.
- Existing borrowings were around ₹26.96 crore as of March 31, 2026.
SpectraA Technology Solutions IPO Conclusion
The SpectraA Technology Solutions IPO is a ₹42.52 crore NSE SME issue focused on an engineering and industrial solutions business. The company has reported stronger revenue and profitability in FY26, along with an order book that provides some visibility into upcoming work. The IPO proceeds are planned for manufacturing expansion, debt repayment and working capital.
The latest SpectraA Technology Solutions IPO GMP is around ₹50, but GMP remains unofficial and can change before the listing. Investors should consider the company's financial performance, order book, debt, valuation, SME-market structure and execution risks alongside the grey-market premium.
Disclaimer: SpectraA Technology Solutions IPO GMP is unofficial and unregulated. GMP and subscription figures can change frequently. Investors should verify the latest IPO documents and exchange disclosures before making any investment decision.
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