SpectraA Technology Solutions IPO GMP today is Rs 67. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
SPECTRAA
SpectraA Technology Solutions IPO GMP & Allotment
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.
- Price Band
- ₹112.00 - ₹118.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 21 Sept 2026
- Listing Date
- 24 Sept 2026
Current GMP Status
₹67
+56.78% vs upper band
Est. Listing Gain
+56.78%
Last Trend
23 Sept 2026
Listing Price
Est. ₹185
Retail Entry
₹2,83,200
IPO Details
Complete IPO information
| Current GMP | ₹67 |
|---|---|
| Estimated Listing Gain | +56.78% |
| Price Band | ₹112.00 - ₹118.00 |
| Issue Price | Approx ₹42.52 Crores |
| Listing Price | Est. ₹185 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE SME |
| Retail Quota | TBA |
| Overall Subscription | 304.05x |
| Listing Date | 24 Sept 2026 |
| Minimum Investment | ₹2,83,200 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 6.84 | 1262.30 | 184.55x |
| NII | 5.15 | 2273.65 | 441.66x |
| Retail | 11.98 | 3750.41 | 313.16x |
| Overall Subscription | 23.96 | 7286.36 | 304.05x |
Company data
{SpectraA Technology Solutions}: financials, valuation & listing
Listing details
| Listing date | 24 Sept 2026 |
|---|---|
| NSE symbol | SPECTRAA |
| ISIN | INE0GAN01010 |
| Offer price | ₹112 – ₹118 |
| Face value | ₹10 |
| Listing price | ₹224.20 |
Valuation
| Return on equity (ROE) | 60.95% |
|---|---|
| Return on capital employed (ROCE) | 37.61% |
| EBITDA margin | 19.04% |
| PAT margin | 11.42% |
| Debt to equity | 1.09 |
| EPS | 11.45 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 46.59% |
| NAV per share | 24.58 |
Financial history
| 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. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Praj Industries Limited | 3,218.24 Cr. | 1.30 | 258.89 | 1.82% | 71.23 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| 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%) |
Key dates
| UPI mandate deadline | 21 Sept 2026 |
|---|---|
| Allotment finalised | 22 Sept 2026 |
| Refund initiation | 23 Sept 2026 |
| Shares credited | 23 Sept 2026 |
| Mandate end date | 06 Oct 2026 |
| Anchor lock-in ends (50%) | 21 Oct 2026 |
| Anchor lock-in ends (remaining) | 20 Dec 2026 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare SpectraA Technology Solutions IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, SpectraA Technology Solutions is priced at ₹118 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,83,200 to participate in this SME issue.
The latest recorded Grey Market Premium for SpectraA Technology Solutions stands at ₹67, implying an estimated listing gain of around 56.78% over the issue price if it holds until listing. This is up ₹6 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, SpectraA Technology Solutions's IPO was subscribed 304.05x overall, with a category-wise breakdown of Retail 313.16x, QIB 184.55x, NII 441.66x.
Among the strengths highlighted in SpectraA Technology Solutions's IPO documents: In-house design, engineering, and manufacturing capabilities across process industries.; Strategic transition toward higher-margin products improving profitability metrics..
Investors should also weigh the risk factors SpectraA Technology Solutions has disclosed, including: A significant portion of revenue relies on a limited number of customers..
A share of SpectraA Technology Solutions's issue proceeds is earmarked for Repayment Of Borrowings: 6.48 (16.87%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
17 Sept 2026
✓
Bidding Closes
21 Sept 2026
03
Allotment Next
22 Sept 2026
04
Listing
24 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 23 Sept 2026 | ₹73.00 | +₹6.00 | 61.86% |
| 22 Sept 2026 | ₹67.00 | +₹22.00 | 56.78% |
| 21 Sept 2026 | ₹45.00 | - | 38.14% |
| 19 Sept 2026 | ₹45.00 | +₹15.00 | 38.14% |
| 18 Sept 2026 | ₹30.00 | -₹20.00 | 25.42% |
| 16 Sept 2026 | ₹50.00 | - | 42.37% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,83,200 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,83,200 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹4,24,800 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹9,91,200 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹11,32,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 6.48 (16.87%)
- General Corporate Purpose 11.44 (29.77%)
Issue Notes
Important takeaways before applying
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.
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.
Analysis
SpectraA Technology Solutions IPO Details
SpectraA Technology Solutions IPO is a book building issue with an issue size of -. is proposed to be listed on the NSE SME. The IPO price band is set at ₹112.00 to ₹118.00 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 17 Sept 2026 |
| IPO Close Date | 21 Sept 2026 |
| IPO Price Band | ₹112.00 to ₹118.00 |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Note: The above SpectraA Technology Solutions IPO details are based on the information provided for the issue.
Analysis
SpectraA Technology IPO Reservation
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.
Analysis
SpectraA Technology 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.
Analysis
SpectraA Technology Solutions IPO 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 SpectraA Technology Solutions IPO is tentative and subject to change.
Analysis
SpectraA Technology IPO Promoters and Holding 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.
Analysis
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 SpectraA Technology Solutions.
Analysis
SpectraA Technology About 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.
Analysis
SpectraA Technology Solutions Company Financials
| 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 SpectraA Technology Solutions are in ₹ Crores unless stated otherwise.
Analysis
SpectraA Technology Solutions Company Valuation – FY2026
| 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 SpectraA Technology Solutions are computed for FY2026.
Analysis
SpectraA Technology Solutions IPO 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 SpectraA Technology Solutions are sourced from DRHP filings.
Analysis
SpectraA Technology IPO Lead Managers aka Merchant Bankers
- Indcap Advisors Pvt. Ltd.
FAQ
SpectraA Technology Solutions IPO FAQs
SpectraA Technology Solutions IPO price band is Rs 112.00 to Rs 118.00. Check the latest issue price, lot size and GMP together before applying.
SpectraA Technology Solutions IPO open date is 17 Sept 2026, close date is 21 Sept 2026, and listing date is 24 Sept 2026.
SpectraA Technology Solutions IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,83,200.
SpectraA Technology Solutions is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
SpectraA Technology Solutions IPO subscription status currently shows Retail 313.16x, QIB 184.55x, NII 441.66x, Overall 304.05x.
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.
SpectraA Technology Solutions IPO issue size is 42.52 and the expected allotment date is 22 Sept 2026.
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