SpectraA Technology Solutions IPO: dates, price band, lot size and GMP
SpectraA Technology Solutions IPO listed on 24 Sep at ₹224 (NSE SME). Issue dates 17 – 21 Sep 2026, price band ₹112 – ₹118, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: SpectraA Technology Solutions listed on 24 Sep 2026 on NSE SME at ₹224.20, +₹106.20 (+90.0%) against the ₹118 upper band. SpectraA Technology Solutions IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the SpectraA Technology Solutions IPO has a price band of ₹112 – ₹118, a lot of 1,200 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 17 – 21 Sep 2026 |
| Price band | ₹112 – ₹118 |
| Lot size | 1,200 shares |
| Issue size | ₹42.52 Cr |
| Fresh issue | ₹36.26 Cr |
| Offer for sale | ₹4.11 Cr |
| Subscription | 304.06x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Indcap Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 17 Sep
- Issue closes: 21 Sep
- Allotment: 22 Sep
- Refunds: 23 Sep
- Demat credit: 23 Sep
- Listing: 24 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 184.55x |
| NII | 441.66x |
| sNII | 349.83x |
| bNII | 487.57x |
| Retail | 313.17x |
| Total | 304.06x |
Last updated 21 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹157.5 Cr |
| P/E (pre-issue) | 10.31x |
| P/E (post-issue) | 13.63x |
| Fresh issue (shares) | 30,73,200 |
| Offer for sale (shares) | 3,48,000 |
| Total shares offered | 34,21,200 |
| Promoter holding pre-issue | 96.04% |
| Promoter holding post-issue | 70% |
| Promoters | A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen |
| Lead managers | Indcap Advisors Pvt.Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | investor.ipo@maashitla.com |
| Company website | spectraa.com |
| Anchor bid date | 16 Sep 2026 |
| Anchor lock-in ends (50%) | 22 Oct 2026 |
| Anchor lock-in ends (remaining) | 21 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,83,200 |
| Retail (maximum) | 2 | 2,400 | ₹2,83,200 |
| sNII (minimum) | 3 | 3,600 | ₹2,83,200 |
| bNII (minimum) | 3 | 3,600 | ₹11,32,800 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 10,24,800 | |
| QIB | 20% | 6,84,000 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 5,14,800 | Not less than 15% of the Net Offer |
| sNII | 5% | 1,71,600 | |
| bNII | 10% | 3,43,200 | |
| Retail | 35% | 11,97,600 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 1,82,400 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 17 Sep | 0.00x | 4.17x | 5.95x | 3.27x | 9.54x | 5.66x |
| Day 2 · 18 Sep | 0.02x | 19.69x | 22.22x | 18.42x | 31.40x | 19.93x |
| Day 3 · 21 Sep | 184.55x | 441.66x | 349.83x | 487.57x | 313.17x | 304.06x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹11.45 |
|---|---|
| EPS (post-issue) | ₹8.66 |
| P/E (pre-issue) | 10.31x |
| P/E (post-issue) | 13.63x |
| RoNW | 46.59% |
| RoCE | 37.61% |
| RoE | 60.95% |
| PAT margin | 11.42% |
| EBITDA margin | 19.04% |
| Price / book | 4.8x |
| NAV per share | ₹24.58 |
| Debt / equity | 1.09 |
| Market cap (upper band) | ₹157.5 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 106.29 | 100 | 66.64 | +6.3% |
| Total Income | 103.05 | 75.53 | 89.68 | +36.4% |
| Profit After Tax | 11.56 | 4.91 | 2 | +135.4% |
| EBITDA | 19.26 | 10.13 | 4.48 | +90.1% |
| NET Worth | 24.81 | 13.12 | 8.18 | +89.1% |
| Reserves and Surplus | 14.72 | 12 | 7.06 | +22.7% |
| Total Borrowing | 26.96 | 17.21 | 14.19 | +56.7% |
About SpectraA Technology Solutions
Incorporated in 2009, Spectraa Technology Solutions Limited is engaged in providing IT and technology solutions to businesses across various industries.
Spectraa Technology Solutions focuses on delivering customized, technology-driven solutions and caters to a range of clients through its expertise in innovation, automation, and digital services.
The company prodvides engineering, designing, fabrication, installation, commissioning and decommissioning greenfield and brownfield projects across various industries which include, Breweries (Craft and Microbreweries), Distilleries, Food and Beverages, Malt Spirit and Blending, Extraction Plants, FMCG (Fast Moving Consumer Goods) and Pharmaceuticals.
The company have two manufacturing facilities located at Bengaluru and Jaipur with an aggregate built up area of 33,214.75 square feet.
Objects of the issue
- Capital Expenditure at Jaipur manufacturing facility — ₹11 Cr
- Repayment of Term Loans availed by the Company — ₹6.48 Cr
- Working Capital requirements — ₹9.5 Cr
- General Corporate Purposes — ₹5.7 Cr
- Issue Expenses — ₹5.74 Cr
Net proceeds: ₹38.42 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Spectraa Technology Solutions Ltd. (issuer) | 11.45 | 11.45 | 24.58 | — | 46.59% | — | Consolidated |
| Praj Industries Limited | 1.3 | 1.3 | 71.23 | 258.89x | 1.82% | 4.73 | Consolidated |
Offer Price of the Company is considered as CMP. Current Market Price for Peer Group Companies is as on September 07, 2026 on the NSE; The P/E ratio is as on September 07, 2026. The comparable for the peer group companies is as on March 31, 2026. Source: www.nseindia.com Notes: Considering the nature, range of products/services, turnover and size of business of the Company, the peers are not strictly comparable. However, the above Company has been included for broad comparison. There is no other listed peer of the Company hence we have taken only Praj Industries Limited for comparison.
Strengths (per the offer document)
- Geographical Advantage of two manufacturing facilities — We operate two manufacturing facilities – one in Bengaluru and one in Jaipur.
- In-house Product Fabrication — We fabricate all our equipment in house from design to final assembly, covering cutting, rolling, welding, passivation, pressure testing, and factory acceptance testing before dispatch, so we can…
- Diversified and Sustainable Order Book — Our order pipeline is anchored by existing and repeat customers across breweries, distilleries, malt spirit, extraction, food and beverage, and customised processing, which supports utilisation of…
- Quality Control and Compliance — We apply quality checks across the production lifecycle, from raw-material intake and in-process checks to assembly verification, factory acceptance testing (FAT), and documented site handover.
- Experienced Leadership and Skilled Team — A L Arun Kumar, our Promoter and Chairman and Managing Director, has an experience of 21 in this industry and is responsible for sales and marketing, key account management, and strategic planning,…
Risk factors (as disclosed by the company)
- We are unable to locate the Consent to Establish for our manufacturing unit at Jaipur and any inability to comply with applicable environmental laws… — Our Company has obtained Consent to Operate for two of its manufacturing units under the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act,…
- Our revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact our business — We derive a major portion of our revenue from customers located in Maharashtra, Goa, Uttarakhand, Karnataka, Uttar Pradesh, West Bengal Odisha and Sikkim.
- Our revenues have been on a decreasing trend for the financial year ended March 31, 2025 and March 31, 2024 — Our Company has shifted its product focus towards higher-margin products and has reduced the number of lower-margin orders undertaken.
- Operating primarily in Beer and Malt Spirit Industry and dependence on a limited number of end-user industries and on customers' capital expenditure decisions… — A significant portion of our revenue is generated from a few industries, primarily from breweries, distilleries, food and beverages, and pharmaceuticals.
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies… — In the past, there have been certain instances of delays in filing statutory forms which have been subsequently filed by payment of additional fee (as applicable) as specified by ROC.
- Our order book may not be a reliable indicator of our future revenues or profitability — As of August 25, 2026, we had confirmed orders amounting to ₹ 8,129.61 lakhs.
- There have been certain instances of delays in payment of certain statutory dues and repayment of installments of loans availed by us — Our Company is engaged in the business of manufacturing and fabrication of steel tanks for various industries, which attracts tax liability such as Goods and Service Tax and Income Tax as per the…
- Delays in project execution and schedule of implementation may expose us to liquidated damages and margin erosion — We undertake both turnkey and non-turnkey projects involving design, in-house fabrication, supply, installation, and commissioning of process equipment, skids, and automation systems.
From the RHP (strengths pages 172–174, risk factors pages 25–47). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- SpectraA Technology Solutions IPO listing day: listed at ₹224.20 (+90.0% vs the upper band), 24 Sep 2026
- SpectraA Technology Solutions IPO GMP today and trend
- SpectraA Technology Solutions IPO subscription status, day by day
- SpectraA Technology Solutions IPO allotment status and how to check
Frequently asked questions
When does the SpectraA Technology Solutions IPO open and close?
The issue is scheduled for 17 – 21 Sep 2026.
What is the SpectraA Technology Solutions IPO price band?
The price band is ₹112 – ₹118 per share with a lot size of 1,200 shares.
How big is the SpectraA Technology Solutions IPO?
The total issue size is ₹42.52 Cr, of which ₹36.26 Cr is a fresh issue and ₹4.11 Cr an offer for sale.
When will SpectraA Technology Solutions list?
The tentative listing date is 24 Sep on the SME platform.
How do I apply for the SpectraA Technology Solutions IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), SpectraA Technology Solutions · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), SpectraA Technology Solutions · as filed · nsearchives.nseindia.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 22 Sep · maashitla.com
- NSE public issues page · listing 24 Sep · nseindia.com
- SpectraA Technology Solutions company website · spectraa.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 24 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “SpectraA Technology Solutions IPO”, https://buyunlistedshares.com/ipo/spectraa-technology-solutions-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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