SpectraA Technology Solutions IPO GMP today is Rs 50. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
SPECTRAA
SpectraA Technology Solutions IPO GMP & Subscription Status Today
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
₹50
+42.37% vs upper band
Est. Listing Gain
+42.37%
Last Trend
16 Sept 2026
Listing Price
Est. ₹168
Retail Entry
₹2,83,200
IPO Details
Complete IPO information
| Current GMP | ₹50 |
|---|---|
| Estimated Listing Gain | +42.37% |
| Price Band | ₹112.00 - ₹118.00 |
| Issue Price | Approx ₹42.52 Crores |
| Listing Price | Est. ₹168 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE SME |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 24 Sept 2026 |
| Minimum Investment | ₹2,83,200 |
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 ₹50, implying an estimated listing gain of around 42.37% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
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
02
Bidding Closes
21 Sept 2026
03
Allotment Next
22 Sept 2026
04
Listing
24 Sept 2026
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 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 Details
SpectraA Technology Solutions IPO is scheduled to open on September 17, 2026, and close on September 21, 2026. The issue is a book build offering proposed for listing on the NSE SME platform, with the price band fixed at ₹112 to ₹118 per equity share.
The IPO comprises a fresh issue of approximately ₹38.42 Crores along with an offer for sale of approximately 3,48,000 equity shares. Key issue information and prospectus documents are provided below for reference.
| Particular | Details |
|---|---|
| IPO Open Date | September 17, 2026 |
| IPO Close Date | September 21, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹112 to ₹118 Per Share |
| Issue Size | Approx ₹42.52 Crores |
| Fresh Issue | Approx ₹38.42 Crores |
| Offer for Sale | Approx 3,48,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The IPO details above are based on the information provided for the SpectraA Technology IPO.
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 IPO Dates
The SpectraA Technology IPO is scheduled to open on September 17, 2026, and close on September 21, 2026. The IPO allotment is expected to be finalized on September 22, followed by refunds and credit of shares to demat accounts on September 23.
The SpectraA Technology IPO is scheduled to list on September 24, 2026. The complete IPO timeline, from opening and closing of the issue through allotment, refunds, demat credit and listing, is provided below.
| Particular | Details |
|---|---|
| IPO Open Date | September 17, 2026 |
| IPO Close Date | September 21, 2026 |
| Basis of Allotment | September 22, 2026 |
| Refunds | September 23, 2026 |
| Credit to Demat Account | September 23, 2026 |
| IPO Listing Date | September 24, 2026 |
Note: The IPO dates are based on the SpectraA Technology IPO schedule provided.
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 IPO Objects of the Issue & Utilisation of Proceeds
The proceeds from the SpectraA Technology IPO are proposed to be used across key business requirements, including capital expenditure, repayment of term loans and funding the company's working capital needs. A portion is also allocated toward general corporate purposes.
The planned utilisation is intended to support the company's manufacturing operations and financial requirements. The proposed allocation of the IPO proceeds is outlined below.
| Purpose | Crores |
|---|---|
| Capital Expenditure at Jaipur manufacturing facility | ₹11.00 |
| Repayment of Term Loans availed by the Company | ₹6.48 |
| Working Capital requirements | ₹9.50 |
| General Corporate Purposes | ₹- |
Note: The utilisation amounts are based on the SpectraA Technology IPO information provided.
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 IPO Company Financials
SpectraA Technology's financial performance can be reviewed through its revenue, expenses, profit after tax (PAT) and total assets across the three financial periods shown below. These figures provide a concise view of the company's financial position and profitability.
Revenue stood at ₹89.68 Crores in 2024 and ₹75.53 Crores in 2025, before increasing to ₹103.05 Crores in 2026. PAT also increased from ₹2.00 Crores in 2024 to ₹11.56 Crores in 2026, while assets reached ₹106.29 Crores.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹89.68 | ₹86.85 | ₹2.00 | ₹66.64 |
| 2025 | ₹75.53 | ₹68.03 | ₹4.91 | ₹100.00 |
| 2026 | ₹103.05 | ₹87.57 | ₹11.56 | ₹106.29 |
Note: Amounts are in ₹ Crores. The financial figures are based on the SpectraA Technology IPO information provided.
Analysis
SpectraA Technology IPO Valuation – FY2026
The SpectraA Technology IPO valuation metrics highlight key indicators related to profitability, operating performance, leverage and per-share value for FY2026. These measures provide a concise view of the company's financial position ahead of the IPO.
For FY2026, the company reported an ROE of 60.95% and ROCE of 37.61%, while its EBITDA margin stood at 19.04%. The basic EPS was ₹11.45 and the reported NAV was ₹24.58 per share.
| 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 | N/A |
| Return on Net Worth (RoNW) | 46.59% |
| Net Asset Value (NAV) | ₹24.58 |
Note: The valuation figures are based on the FY2026 financial information provided for the SpectraA Technology IPO.
Analysis
SpectraA Technology IPO Peer Group Comparison
The peer group comparison provides selected financial indicators of a comparable company for reference alongside the SpectraA Technology IPO. The table includes earnings per share, price-to-earnings ratio, return on net worth, net asset value and income.
Praj Industries Limited is included in the provided peer data, with its reported EPS, PE ratio, RoNW, NAV and income shown below for comparison purposes.
| 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 figures are provided for comparative purposes and are based on the SpectraA Technology IPO information supplied.
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 Subscription data is currently awaited.
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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