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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
Max. Investment
₹1,41,600
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
Apply via UPI in 5 minutes
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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
Shareholding
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,83,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9600 | ₹11,32,800 |
(All values in CR)
SpectraA Technology Solutions IPO Valuations
| Metric | Value |
|---|---|
| ROE | 60.95 |
| ROCE | 37.61 |
| Debt/Equity | 1.09 |
| RoNW | 46.59 |
| PAT Margin | 11.42 |
| EBITDA Margin | 19.04 |
| NAV | 24.58 |
| Price to Book Value | 4.80 |
(All values in CR)
SpectraA Technology Solutions IPO Strength & Risk
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
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.
Last updated 11 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 11 Sep, 2026 | 118 | ₹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
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
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).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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