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SME · NSE
SpectraA Technology Solutions IPO

SpectraA Technology Solutions IPO

SpectraA Technology Solutions IPO

Overview

SpectraA Technology Solutions IPO is a book build issue of ₹42.52 crores. The issue is a combination of fresh issue of 32.56 lakh shares aggregating to ₹38.42 crores and offer for sale of 3.48 lakh shares aggregating to ₹4.11 crores. SpectraA Technology Solutions IPO opens for subscription on Sep 17, 2026 and closes on Sep 21, 2026. The allotment for the SpectraA Technology Solutions IPO is expected to be finalized on Sep 22, 2026. SpectraA Technology Solutions IPO will list on the NSE SME with a tentative listing date fixed as Sep 24, 2026. SpectraA Technology Solutions IPO is set issue price band at ₹112 to ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,24,800. Indcap Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd.

Total Shares

36,03,600

Issue Size

₹43 Cr

Price Band

112 – ₹118

Lot Size

1200 shares

Min. Investment

1,41,600

Max. Investment

1,41,600

Open Date

17 Sep, 2026

Close Date

21 Sep, 2026

Allotment

22 Sep, 2026

Listing

24 Sep, 2026

Announced

17 Sep, 2026

Opening Date

17 Sep, 2026

Closing Date

21 Sep, 2026

Basis of Allotment

22 Sep, 2026

Initiation of Refunds

23 Sep, 2026

Credit of Shares

23 Sep, 2026

Listing Date

24 Sep, 2026

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About SpectraA Technology Solutions IPO

Incorporated in January 2009, SpectraA Technology Solutions Limited is an engineering and technology solutions provider engaged in the design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. The Company undertakes projects from engineering and design to fabrication, installation, commissioning and handover, with in-house manufacturing of key equipment and customised process plant systems. Its product portfolio includes commercial brewer

SpectraA Technology Solutions IPO Share Price

Issue Breakdown

Total Issue36,03,600 shares₹43 Cr
Fresh Issue30,73,200 shares₹36 Cr
Offer for Sale3,48,000 shares₹4 Cr

Shareholding

Pre-Issue1,00,91,646
Post-Issue1,33,47,246

Dilution: 32.3% increase in shares

SpectraA Technology Solutions IPO Financial Health

SpectraA Technology Solutions Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2026 and March 31, 2025.

SpectraA Technology Solutions IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

ApplicationLotsSharesAmount
Individual investors (IND) (Min)224002,83,200
Individual investors (IND) (Max)224002,83,200
S-HNI (Min)336004,24,800
S-HNI (Max)784009,91,200
B-HNI (Min)8960011,32,800

(All values in CR)

SpectraA Technology Solutions IPO Valuations

MetricValue
ROE60.95
ROCE37.61
Debt/Equity1.09
RoNW46.59
PAT Margin11.42
EBITDA Margin19.04
NAV24.58
Price to Book Value4.80

(All values in CR)

SpectraA Technology Solutions IPO Strength & Risk

+Strengths

SpectraA Technology Solutions IPO Strength

  • Turnkey engineering capabilities covering design, fabrication, installation and commissioning
  • Diversified presence across breweries, distilleries, food and beverages, FMCG and pharmaceuticals
  • In-house manufacturing and engineering capabilities
  • Established experience in customized process-plant projects
  • International project execution experience across multiple countries
  • Strong improvement in profitability and margins in recent periods
  • Healthy order book provides visibility for future revenue
  • Planned expansion of the Jaipur manufacturing facility can support higher execution capacity
!Risks

SpectraA Technology Solutions IPO Risk

  • Revenue has declined in recent financial periods despite improved margins
  • Business depends heavily on successful execution of large engineering projects
  • Delays in project completion could affect revenue, profitability and cash flows
  • Working-capital requirements can be high because of project-based operations
  • Dependence on key customers and large orders creates concentration risk
  • Exposure to raw-material price fluctuations can affect project margins

SpectraA Technology Solutions IPO GMP

The GMP for SpectraA Technology Solutions SME IPO has started trading and has been available for the last 1 sessions. As the trading history is still limited, it is too early to determine a clear trend.

00.0%

Last updated 11 Sep, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
11 Sep, 2026118₹0-₹118 (0.00%)-11 Sep, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for SpectraA Technology Solutions IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find SpectraA Technology Solutions IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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