SpectraA Technology Solutions IPO is an upcoming SME public issue of SpectraA Technology Solutions Limited. The company provides engineering, designing, fabrication, installation, commissioning and decommissioning services for greenfield and brownfield projects across industries including breweries, distilleries, food and beverages, malt spirit, extraction plants, FMCG and pharmaceuticals.
The SpectraA Technology Solutions IPO is a book-built issue of approximately ₹42.52 crore comprising a fresh issue of 32,55,600 equity shares aggregating to approximately ₹38.42 crore and an offer for sale of 3,48,000 shares aggregating to approximately ₹4.11 crore. The shares are proposed to be listed on the NSE Emerge platform.
The IPO is scheduled to open on September 17, 2026 and close on September 21, 2026. The tentative basis of allotment date is September 22, refund and demat credit are scheduled for September 23, and listing is expected on September 24, 2026.
Table of Contents
SpectraA Technology Solutions IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | SpectraA Technology Solutions IPO |
| Company Name | SpectraA Technology Solutions Limited |
| IPO Type | SME IPO |
| IPO Category | Book Built Issue |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹112 to ₹118 per Equity Share |
| Issue Size | ₹42.52 Crores |
| Fresh Issue | ₹38.42 Crores |
| Offer for Sale | ₹4.11 Crores |
| IPO Open Date | September 17, 2026 |
| IPO Close Date | September 21, 2026 |
| Anchor Investor Bidding | September 16, 2026 |
| Basis of Allotment | September 22, 2026 |
| Refund Initiation | September 23, 2026 |
| Shares Credited to Demat Account | September 23, 2026 |
| Listing Date | September 24, 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,200 Shares |
| Registrar | Maashitla Securities Private Limited |
| Book Running Lead Manager | Indcap Advisors Private Limited |
The IPO comprises both a fresh issue and an offer for sale. The company will receive the proceeds attributable to the fresh issue, while the proceeds from the OFS will go to the selling shareholders. The DRHP identifies Indcap Advisors Private Limited as the Book Running Lead Manager and Maashitla Securities Private Limited as the registrar.
SpectraA Technology Solutions IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | September 16, 2026 |
| IPO Opening Date | September 17, 2026 |
| IPO Closing Date | September 21, 2026 |
| Basis of Allotment | September 22, 2026 |
| Refund Initiation | September 23, 2026 |
| Shares Credited to Demat Account | September 23, 2026 |
| Listing Date | September 24, 2026 |
The IPO timetable indicates a three-working-day public bidding period from September 17 to September 21, followed by allotment on September 22. Refunds and share credits are expected on September 23, with the shares scheduled to begin trading on September 24, 2026.
SpectraA Technology Solutions IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
| RII | Not less than 35% of the Net Offer |
The offer document provides for the standard SME book-building allocation framework. Up to 60% of the QIB portion may be allocated to Anchor Investors, subject to applicable regulations. The remaining categories are allocated in accordance with the applicable SEBI ICDR framework.
SpectraA Technology Solutions IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 2,400 | ₹2,83,200 |
| Retail Maximum | 2,400 | ₹2,83,200 |
| S-HNI Minimum | 3,600 | ₹4,24,800 |
The market lot is 1,200 shares, but the minimum application for an individual investor is two lots, or 2,400 shares. At the upper price band of ₹118, the minimum application amount is ₹2,83,200. S-HNI applicants can apply for a minimum of 3,600 shares, requiring ₹4,24,800 at the upper band.
About SpectraA Technology Solutions Limited
SpectraA Technology Solutions Limited was incorporated in Bengaluru in January 2009 and was converted into a public limited company in February 2021. The company operates as an engineering-led original equipment manufacturer and executes turnkey greenfield and brownfield projects. Its activities cover engineering, fabrication, installation, commissioning and decommissioning.
The company has two manufacturing facilities located at Bengaluru and Jaipur with an aggregate built-up area of approximately 33,214.75 square feet. It also maintains rooftop solar capacity across its facilities and registered office as part of its efforts to manage power costs.
Business Operations
SpectraA Technology Solutions provides end-to-end project execution, beginning with engineering and design and continuing through fabrication, installation, commissioning and handover. The company also provides operator training and operations and maintenance support.
Its product and service portfolio covers commercial brewery equipment, distillery equipment, food and beverage plants, microbrewery equipment, malt spirit equipment and extraction plants.
The company manufactures key equipment in-house and uses standardized modules and customized designs. Its manufacturing facilities in Bengaluru and Jaipur support project execution, while dual sourcing of critical components and local vendor networks are used to support procurement and project schedules.
The company’s customers operate across beverage processing, brewing, distilling, food processing, pharmaceuticals, FMCG and related industrial sectors. It has also executed projects in overseas markets including Nepal and Bhutan.
Industry Overview
SpectraA operates in the engineering and process-equipment segment, with particular exposure to breweries, distilleries, food and beverage processing and related industrial projects. Demand for specialized process equipment is influenced by new plant investments, capacity expansion, modernization and replacement requirements across these industries.
The company has diversified its product verticals across commercial breweries, microbreweries, distilleries, malt spirit, food and beverage plants and extraction plants. This gives it exposure to several industrial applications, although demand ultimately depends on customers’ capital expenditure plans.
The company’s DRHP specifically notes that its results can be affected by customer concentration, dependence on suppliers, geographical concentration and customers’ capital expenditure decisions.
Business Strategy
SpectraA’s business strategy is centered on providing integrated turnkey project solutions and increasing its manufacturing capabilities. Its in-house fabrication model allows the company to control important stages of project execution and customize equipment according to client requirements.
The proposed IPO proceeds are intended to support capital expenditure at the Jaipur manufacturing facility, repayment of selected term loans and working capital requirements. This combination is intended to strengthen manufacturing capacity, improve liquidity and support execution of additional projects.
The company also seeks to benefit from its presence in specialized equipment categories where engineering capabilities, project execution and customized fabrication are important competitive factors.
SpectraA Technology Solutions IPO Financial Information
SpectraA Technology Solutions has shown a significant improvement in profitability in FY2026. Total income increased to ₹103.05 crore from ₹75.53 crore in FY2025, while PAT increased to ₹11.56 crore from ₹4.91 crore. EBITDA also increased to ₹19.26 crore from ₹10.13 crore.
The company’s financial profile also shows an increase in borrowings, which stood at approximately ₹26.96 crore in FY2026 compared with ₹17.21 crore in FY2025.
SpectraA Technology Solutions Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹89.68 Cr | ₹75.53 Cr | ₹103.05 Cr |
| EBITDA | ₹4.48 Cr | ₹10.13 Cr | ₹19.26 Cr |
| Profit After Tax | ₹2.00 Cr | ₹4.91 Cr | ₹11.56 Cr |
| Net Worth | ₹8.18 Cr | ₹13.12 Cr | ₹24.81 Cr |
| Total Borrowings | ₹14.19 Cr | ₹17.21 Cr | ₹26.96 Cr |
| Total Assets | ₹66.64 Cr | ₹100.00 Cr | ₹106.29 Cr |
The company experienced a decline in total income during FY2025 but recovered strongly in FY2026. Profitability improved substantially during the same period, with PAT increasing from ₹2 crore in FY2024 to ₹11.56 crore in FY2026. Net worth also increased from ₹8.18 crore in FY2024 to ₹24.81 crore in FY2026.
SpectraA Technology Solutions IPO Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| ROE | 60.95% |
| ROCE | 37.61% |
| EBITDA Margin | 19.04% |
| PAT Margin | 11.42% |
| Debt to Equity | 1.09 |
| RoNW | 46.59% |
| EPS | ₹11.45 |
| NAV | ₹24.58 |
| Pre-issue P/E | 10.31x |
| Post-issue P/E | 13.63x |
The FY2026 financial indicators show a substantial improvement in profitability and capital efficiency. The offer-related analysis reports ROE of 60.95%, ROCE of 37.61%, PAT margin of 11.42% and debt-to-equity of 1.09. At the upper price band, the estimated pre-issue P/E is approximately 10.31 times and post-issue P/E approximately 13.63 times.
The DRHP’s certified KPI table also shows that EBITDA margin increased from 5.03% in FY2024 to 13.48% in FY2025, while the FY2026 figures reported in the latest financial information indicate further improvement.
Objects of the SpectraA Technology Solutions IPO
The net proceeds from the fresh issue are proposed to be used for the following purposes:
- Capital expenditure at the Jaipur manufacturing facility – ₹12.41 crore.
- Repayment of term loans availed by the company – ₹9.00 crore.
- Working capital requirements – ₹9.50 crore.
- General corporate purposes – balance amount.
The fresh issue proceeds are intended to support expansion of the Jaipur manufacturing facility, strengthen working capital and reduce selected borrowings. The total identified requirements under these principal objects amount to approximately ₹30.91 crore, with the remaining amount available for general corporate purposes and applicable issue-related requirements.
The Jaipur facility investment is expected to enhance the company’s manufacturing and fabrication capabilities. Working capital funding is important for a turnkey engineering business because projects can involve significant inventory, receivables and execution costs before customer payments are received.
Debt repayment is expected to reduce the company’s borrowing burden and associated finance costs. However, the company will continue to remain exposed to working-capital requirements and project execution cycles.
SpectraA Technology Solutions IPO Listing Performance
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | September 24, 2026 |
| Issue Price | ₹118 |
| Listing Price | To be announced |
| Listing Gain | To be announced |
| Listing Gain (%) | To be announced |
The SpectraA Technology Solutions IPO has not yet been listed. Therefore, the actual listing price and listing gain are not available. The proposed listing is on the NSE Emerge platform on September 24, 2026.
SpectraA Technology Solutions IPO Subscription Status
The SpectraA Technology Solutions IPO is scheduled to open on September 17, 2026. Therefore, live subscription data is not available before the issue opens.
SpectraA Technology Solutions IPO Subscription
| Investor Category | Subscription |
|---|---|
| QIB | Not yet open |
| NII | Not yet open |
| RII | Not yet open |
| Employee Category | Not applicable / Not disclosed |
| Total Subscription | Not yet open |
Subscription figures will be updated after bidding begins. Investors should assess subscription demand together with valuation, financial performance, business risks and the company’s future growth prospects.
SpectraA Technology Solutions IPO Review
SpectraA Technology Solutions operates in a specialized engineering and process-equipment segment and provides turnkey solutions across breweries, distilleries, food and beverage plants, malt spirit, extraction and related industries. Its ability to provide engineering, fabrication, installation and commissioning under one operating model is an important part of its business proposition.
The company’s financial performance improved considerably in FY2026. Total income increased to ₹103.05 crore, while PAT reached ₹11.56 crore. EBITDA also increased to ₹19.26 crore. These improvements indicate stronger profitability and operating performance compared with FY2024 and FY2025.
At the same time, investors should note that the company’s revenue declined in FY2025 before recovering in FY2026. The business is also exposed to customer concentration, supplier dependence and the capital expenditure cycles of end-user industries. The DRHP specifically identifies these factors as risks that could affect financial performance.
Borrowings have increased alongside the company’s expansion. Total borrowings rose from ₹14.19 crore in FY2024 to ₹26.96 crore in FY2026. The proposed debt repayment component of the IPO could help reduce finance costs, but leverage remains an important factor to monitor.
The IPO is priced at ₹112–₹118 per share, with a minimum individual application of 2,400 shares at the upper price band, requiring ₹2,83,200. This relatively high minimum application amount is typical of SME IPOs and can result in higher volatility and lower liquidity compared with mainboard issues.
The reported GMP is currently around ₹0. GMP is an unofficial market indicator and can change rapidly. It should not be treated as a reliable indicator of actual listing performance.
Overall, SpectraA Technology Solutions has demonstrated strong improvement in profitability and maintains a diversified engineering portfolio. However, investors should carefully evaluate customer concentration, debt levels, project execution, working-capital requirements, industry cyclicality and the risks associated with SME-listed companies before making an investment decision.
SpectraA Technology Solutions IPO Strengths
- Integrated engineering, fabrication, installation and commissioning capabilities.
- Diversified presence across breweries, distilleries, food and beverage, malt spirit and extraction equipment.
- Two manufacturing facilities in Bengaluru and Jaipur.
- In-house fabrication of key equipment and customized project solutions.
- Strong improvement in FY2026 revenue and profitability.
- Significant improvement in EBITDA and PAT margins.
- Exposure to domestic and international project markets.
- Proposed investment in Jaipur manufacturing capacity.
- Proposed repayment of selected term loans using IPO proceeds.
- Experienced management and engineering-oriented business model.
SpectraA Technology Solutions IPO Risk Factors
- Revenue is exposed to customer capital expenditure cycles.
- Dependence on a limited number of major customers creates concentration risk.
- The company depends on a limited number of suppliers for certain raw materials.
- Borrowings increased to approximately ₹26.96 crore in FY2026.
- Working-capital requirements can be significant for turnkey engineering projects.
- Project delays or cost overruns could affect profitability.
- Revenue declined in FY2025 before recovering in FY2026.
- The company operates in a competitive engineering and equipment market.
- SME-listed shares can experience higher price volatility and lower liquidity.
- The minimum individual application amount is relatively high at ₹2,83,200 at the upper price band.
SpectraA Technology Solutions IPO Promoters
SpectraA Technology Solutions IPO Promoters Details
| Promoter | Designation |
|---|---|
| A L Arun Kumar | Promoter |
| Sailaja Arun Kumar | Promoter |
| Praveen Kumar Appukuttan Nair Leela | Promoter |
| Divya Praveen | Promoter |
The promoters identified for SpectraA Technology Solutions include A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen.
SpectraA Technology Solutions IPO Management Team
| Name | Designation |
|---|---|
| A L Arun Kumar | Managing Director |
| Sailaja Arun Kumar | Director |
| Praveen Kumar Appukuttan Nair Leela | Director |
| Divya Praveen | Director |
The company is led by its promoter and management team with experience in engineering, project execution and industrial equipment manufacturing. The DRHP contains the detailed management profiles and corporate governance information.
SpectraA Technology Solutions IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | maashitla.com |
| IPO Allotment Status | Available through Maashitla IPO Status portal after allotment |
| Email ID | [email protected] |
| Contact Number | 011-47581432 |
Maashitla Securities Private Limited is the registrar to the issue. The offer document identifies its Delhi office, telephone number and investor grievance email.
SpectraA Technology Solutions IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Managers | Indcap Advisors Private Limited |
Indcap Advisors Private Limited is the Book Running Lead Manager for the SpectraA Technology Solutions IPO. The offer document provides its Kolkata office address, telephone number, SME IPO email and SEBI registration details.
SpectraA Technology Solutions Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | SpectraA Technology Solutions Limited |
| Registered Office | 17/7 Ali Asker Road, Cunningham Road, Bangalore G.P.O., Bengaluru, Karnataka 560001 |
| Website | https://www.spectraa.com/ |
| Email ID | [email protected] |
The company’s official website identifies SpectraA Technology Solutions Limited and its registered office at 17/7 Ali Asker Road, Cunningham Road, Bengaluru. The company provides engineering and turnkey project solutions across multiple industrial sectors.
How to Check SpectraA Technology Solutions IPO Allotment Status
Through Registrar
- Visit the official Maashitla IPO allotment status portal.
- Select SpectraA Technology Solutions IPO from the available issue list.
- Choose the applicable option such as PAN or application number.
- Enter the required details.
- Submit the information to view the allotment status.
Through NSE
- Visit the official NSE website and open the IPO-related section.
- Select the relevant IPO information.
- Enter the required PAN or application details.
- Complete any verification requested.
- Submit the details to check the allotment or application status.
The registrar for the issue is Maashitla Securities Private Limited. The offer document provides the registrar’s official contact details and identifies its role in the IPO process.
SpectraA Technology Solutions IPO Conclusion
SpectraA Technology Solutions IPO is an upcoming NSE SME issue of approximately ₹42.52 crore. The company operates in specialized turnkey engineering and process-equipment markets serving breweries, distilleries, food and beverage plants, malt spirit, extraction and other industrial sectors.
The company recorded a strong improvement in FY2026 financial performance, with total income of ₹103.05 crore and PAT of ₹11.56 crore. EBITDA increased to ₹19.26 crore, while net worth reached ₹24.81 crore. However, borrowings also increased to ₹26.96 crore, making leverage and working-capital management important factors for investors.
The IPO price band is ₹112 to ₹118 per share, with a market lot of 1,200 shares and a minimum individual application of 2,400 shares. At the upper price band, the minimum application amount is ₹2,83,200. The issue is scheduled to open on September 17 and close on September 21, 2026, with listing expected on September 24, 2026.
The IPO proceeds are proposed to fund capital expenditure at the Jaipur facility, repay selected term loans and meet working-capital requirements. These uses can support capacity expansion and financial efficiency, although execution and working-capital risks remain relevant.
Investors should consider the final subscription figures, valuation, financial performance, debt position, customer concentration, project execution risks and the higher volatility associated with SME stocks before making an investment decision.
SpectraA Technology Solutions IPO FAQs
What is SpectraA Technology Solutions IPO?
SpectraA Technology Solutions IPO is an upcoming SME book-built public issue of SpectraA Technology Solutions Limited. The issue size is approximately ₹42.52 crore, consisting of a fresh issue and an offer for sale.
When will SpectraA Technology Solutions IPO open?
The SpectraA Technology Solutions IPO is scheduled to open on September 17, 2026 and close on September 21, 2026.
What is the SpectraA Technology Solutions IPO price band?
The price band for the SpectraA Technology Solutions IPO is ₹112 to ₹118 per equity share.
What is the SpectraA Technology Solutions IPO lot size?
The IPO market lot is 1,200 shares. Individual investors must apply for a minimum of two lots, or 2,400 shares. At ₹118 per share, the minimum application amount is ₹2,83,200.
What is the SpectraA Technology Solutions IPO issue size?
The SpectraA Technology Solutions IPO issue size is approximately ₹42.52 crore, comprising a fresh issue of approximately ₹38.42 crore and an offer for sale of approximately ₹4.11 crore.
What is the SpectraA Technology Solutions IPO allotment date?
The tentative basis of allotment date for the SpectraA Technology Solutions IPO is September 22, 2026.
What is the SpectraA Technology Solutions IPO listing date?
The tentative listing date for SpectraA Technology Solutions IPO is September 24, 2026. The shares are proposed to be listed on the NSE Emerge platform.
What is the GMP of SpectraA Technology Solutions IPO?
The latest publicly reported GMP for SpectraA Technology Solutions IPO is around ₹0. GMP is an unofficial and unregulated market indicator and can change at any time. It should not be treated as a guarantee of listing gains.
Who is the registrar of SpectraA Technology Solutions IPO?
Maashitla Securities Private Limited is the registrar to the SpectraA Technology Solutions IPO.
Who is the lead manager of SpectraA Technology Solutions IPO?
Indcap Advisors Private Limited is the Book Running Lead Manager of the SpectraA Technology Solutions IPO.
