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.
- IPO Price Band
- ₹112.00 - ₹118.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 21 Sept 2026
- Listing Date
- 24 Sept 2026
Quick Answer & Highlights
SpectraA Technology Solutions IPO GMP Today & Key Takeaways
Last updated: 23 Sept 2026
As of 23 Sept 2026, the latest Grey Market Premium (GMP) for SpectraA Technology Solutions IPO is ₹67, pointing to an estimated listing price of Est. ₹185 (+56.78% expected listing gain over the upper price band of Rs 118.00). Public bidding has closed. The basis of allotment is expected on 22 Sept 2026, ahead of stock exchange listing on 24 Sept 2026.
As of 23 Sept 2026, the latest Grey Market Premium (GMP) for SpectraA Technology Solutions IPO is ₹67, pointing to an estimated listing price of Est. ₹185 (+56.78% expected listing gain over the upper price band of ₹118.00). Bidding has closed. The basis of allotment is expected on 22 Sept 2026, ahead of stock exchange listing on 24 Sept 2026.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹67 | +56.78% vs upper band (23 Sept 2026) |
| Est. Listing Price | Est. ₹185 | +56.78% Est. Listing Gain |
| Price Band | ₹112.00 - ₹118.00 | SME IPO |
| Retail Minimum Investment | ₹2,83,200 | 2 Lot (1,200 Shares) |
| Bidding Window | 17 Sept 2026 – 21 Sept 2026 | Closed |
| Allotment & Listing Dates | Allotment: 22 Sept 2026 | Listing: 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
| IPO Open Date | 17 Sept 2026 |
|---|---|
| IPO Close Date | 21 Sept 2026 |
| IPO Price Band | ₹112.00 - ₹118.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹67 |
| Estimated Listing Gain | +56.78% |
| Issue Size | Approx ₹42.52 Cr |
| Fresh Issue | Approx ₹38.42 Cr |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 304.05x |
| Minimum Investment | ₹2,83,200 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 6.84 | 1,262.3 | 184.55xx |
| NII | 5.15 | 2,273.65 | 441.66xx |
| Retail | 11.98 | 3,750.41 | 313.16xx |
| Overall Subscription | 23.96 | 7,286.36 | 304.05xx |
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
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 17 Sept 2026 | Completed |
| Bidding Closes | 21 Sept 2026 | Completed |
| Allotment | 22 Sept 2026 | Next Milestone |
| Listing | 24 Sept 2026 | Pending |
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 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.
Comparison
Compare SpectraA Technology Solutions IPO with similar IPOs
FAQ
SpectraA Technology Solutions IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 67 and an issue price of Rs 118, the estimated listing price for SpectraA Technology Solutions IPO is Rs 185.00 (approx 56.78% listing gain). Actual listing price is determined by market demand on the listing day.
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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