SpectraA Technology Solutions is an SME IPO scheduled to open on 17 Sept 2026 and close on 21 Sept 2026, priced at ₹112 – ₹118 per share, minimum lot 1,200 shares (~₹2,83,200 for retail). Proposed listing on NSE, BSE on 24 Sept 2026.
About SpectraA Technology Solutions
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 Details
| IPO Type | SME |
| Price Band | ₹112 – ₹118 per share |
| Lot Size | 1,200 shares · ~₹2,83,200 for retail |
| Grey Market Premium (GMP) | ₹50 (about 42.4% over the cap price) |
| Total Issue Size | ₹42.52 crore |
| Listing At | NSE, BSE |
SpectraA Technology Solutions IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 17 Sept 2026 |
| IPO Close Date | 21 Sept 2026 |
| Basis of Allotment | 22 Sept 2026 |
| Refund / UPI Mandate Release | 23 Sept 2026 |
| Credit of Shares to Demat | 23 Sept 2026 |
| Listing Date | 24 Sept 2026 |
SpectraA Technology Solutions IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,83,200 |
| HNI | 3 – 7 | 3,600 – 8,400 | ₹4,24,800 – ₹9,91,200 |
SpectraA Technology Solutions IPO Estimated Listing Price
At the current grey market premium of ₹50, SpectraA Technology Solutions could list near ₹168 against the upper price of ₹118 — an implied gain of about 42.4%. This is a market estimate only; the real listing price is set by demand on listing day.
SpectraA Technology Solutions IPO GMP (Grey Market Premium)
The latest grey market premium for SpectraA Technology Solutions is ₹50 (about 42.4% over the cap price). GMP is an unofficial, over-the-counter figure that can change through the day and is not endorsed by SEBI or the exchanges.
SpectraA Technology Solutions — 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.
SpectraA Technology Solutions — 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.
SpectraA Technology Solutions IPO Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Repayment Of Borrowings | 6.48 (16.87%) |
| General Corporate Purpose | 11.44 (29.77%) |
More on SpectraA Technology Solutions IPO
- SpectraA Technology Solutions IPO — live GMP, subscription & allotment status
- SpectraA Technology Solutions IPO listing gain calculator
- All SME IPOs
- Full IPO list with GMP
Allotment and listing-gain details will be published here once available. This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.
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