SpectraA Technology Solutions IPO
LISTEDSMEListing Performance
▲ 90.00%
Issue Price
₹118
Listing Price
₹224
Listed On
24 Sep 2026
- Price Band
- ₹112 – ₹118
- Lot Size
- 1,200
- Lot Value
- ₹1,41,600
- Open Date
- 17 Sep17 Sep 2026
- Close Date
- 21 Sep21 Sep 2026
- Min Investment
- ₹1,41,600
SpectraA Technology Solutions — Stock Performance
About SpectraA Technology Solutions
Use of IPO Proceeds
Total allocation: ₹26.98 Cr (excludes issue expenses)
Promoters
A L Arun Kumar
Chairman & Managing Director · age 48
He has more than 21 years of experience in Brewery industry.
Bachelor of Engineering from Dr. Ambedkar Institute of Technology
Pre-issue: 49.77%
Sailaja Arun Kumar
Promoter
Pre-issue: 36.27%
Praveen Kumar Appukuttan Nair Leela
Promoter
Pre-issue: 5%
Divya Praveen
Promoter
Pre-issue: 5%
Investment Analysis
Quick Analysis: 3 strengths · 5 risk factors· Exchange: NSE SME
Strengths (3)
- •Long-term relationships and consistent revenue from key customers across multiple states.
- •Experienced senior management and technical expertise in manufacturing and engineering.
- •Specialized capabilities in hygienic design and validated cleaning regimes for regulated sectors.
Risk Factors (5)
- •Significant revenue concentration from limited customers; loss of major clients could materially adversely impact business, financial condition, and cash flows.
- •Future equity issuances required for capital raising will dilute shareholder ownership and may negatively affect market price of equity shares.
- •First public offer with no formal market history; offer price may not reflect actual post-listing market price with no assured trading activity.
- •Potential failure or delay in listing shares on NSE EMERGE platform could restrict ability to dispose of equity shares.
- •Investment in equity involves high degree of risk; investors may lose all or part of their investment if risks materialize.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 282.43x (QIB 184.55x, NII 326.32x, Retail 312.78x) at close
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,41,600 |
| Retail (max) | 1 | 1,200 | ₹1,41,600 |
| S-HNI (min) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (min) | 8 | 9,600 | ₹11,32,800 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 5 |
|---|---|---|---|---|
| QIB | — | 0.02x | — | 184.55x |
| sNII (S-HNI) | — | — | — | — |
| bNII (B-HNI) | — | — | — | — |
| Retail | — | 30.96x | — | 312.78x |
| Total | — | 18.36x | — | 282.43x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
312.78x
Allotment Ratio
1 lot per 313 applicants
Allotment Probability
~0.3%
Non-Institutional Investors (NII / HNI)
Subscription
326.32x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
184.55x
Allotment Type
Discretionary allotment
Total Subscription
282.43x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
17 Sep 2026 · Thu
Issue Closes
21 Sep 2026 · Mon
Bidding Cut-off (UPI Mandate)
21 Sep 2026 · 5:00 PM IST
Allotment
22 Sep 2026 · Tue
Listing
24 Sep 2026 · Thu
Issue Opens
17 Sep 2026 · Thu
Issue Closes
21 Sep 2026 · Mon
Bidding Cut-off (UPI Mandate)
21 Sep 2026 · 5:00 PM IST
Allotment
22 Sep 2026 · Tue
Listing
24 Sep 2026 · Thu
IPO Details
| Registrar | Maashitla Securities Private Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹42.52 Cr |
| Fresh Issue | — |
| OFS Size | ₹41.06 Cr |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 101.16 | 11.56 | 11.45 | 10.30 | 46.59% |
| FY25 | 75.17 | 4.91 | 4.87 | 24.23 | 37.47% |
| FY24 | 88.96 | 2 | 1.99 | 59.41 | 24.49% |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 89.68 | 75.53 | 103.05 |
| EBITDA | 4.48 | 10.13 | 19.26 |
| Net Worth | 8.18 | 13.12 | 24.81 |
| Cash Flow — Operating | 0.62 | 0.6 | 7.98 |
| Cash Flow — Investing | -2.04 | -4.48 | -8.86 |
| Cash Flow — Financing | 1.87 | 0.85 | 5.79 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
10.3x
Price ÷ EPS
EPS (FY26)
₹11
Earnings per share
RoNW
46.59%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
19.0%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 1,00,91,646 |
| Equity Shares (Post-Issue) | — |
Source: SpectraA Technology Solutions offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in SpectraA Technology Solutions's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in SpectraA Technology Solutions's filing.
Source: SpectraA Technology Solutions offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
Reservation split not disclosed in this filing.Not disclosed in SpectraA Technology Solutions's filing.
OFS Selling Shareholders
- A L Arun Kumar17,40,000 sh
- Sailaja Arun Kumar17,40,000 sh
Source: SpectraA Technology Solutions offer document (DRHP/RHP).
Board & Management
Board of Directors (3)
- Shital Darak Mandhana
Independent Director
Bachelor of Commerce, Bachelor of Laws, Qualified Company Secretary, Fellow ICSI, Diploma in Cyber Law, Certified Forensic Examiner
more than 15 years as a Company Secretary
- Sheela Arvind
Independent Director
Diploma in Business Administration, Bachelor of Commerce, Bachelor of Laws, Qualified Company Secretary, Fellow ICSI
more than 22 years of experience in Corporate Governance, secretarial compliance and taxation
- Kalpundi Narayanamurthy Gopalakrishnan
Independent Director
Bachelor of Science in Chemistry, Master of Science in Chemistry, post diploma in Quality Management
more than 37 years of experience in the Pharmaceutical and Distilleries sectors
Source: SpectraA Technology Solutions offer document (DRHP/RHP).
Industry & Market
Per Credence Research, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| SpectraA Technology Solutions Limited | — | 11.45 | 46.59 | 24.58 |
| Praj Industries Limited | 258.89 | 1.3 | 1.82 | 71.23 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Maashitla Securities Private Limited→Documents
Frequently Asked Questions
When is the SpectraA Technology Solutions IPO opening?
The SpectraA Technology Solutions IPO opens on 17 Sep 2026 and closes on 21 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the SpectraA Technology Solutions IPO?
The price band for the SpectraA Technology Solutions IPO is ₹112 to ₹118. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the SpectraA Technology Solutions IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,41,600. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of SpectraA Technology Solutions IPO today?
The latest Grey Market Premium for SpectraA Technology Solutions is ₹67 (+56.78%). GMP is unofficial data and is not a guarantee of listing price.
When will the SpectraA Technology Solutions IPO list on NSE and BSE?
The SpectraA Technology Solutions IPO is expected to list on 24 Sep 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the SpectraA Technology Solutions IPO allotment status?
The registrar for this IPO is Maashitla Securities Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the SpectraA Technology Solutions IPO a mainboard or SME issue?
SpectraA Technology Solutions is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the SpectraA Technology Solutions IPO?
You can apply for the SpectraA Technology Solutions IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of SpectraA Technology Solutions IPO?
The GMP-implied price (unofficial, not a forecast) is ₹185: the upper price band of ₹118 plus the latest grey market premium of ₹67, as of 28 Sep 2026, 01:01 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for SpectraA Technology Solutions IPO?
Based on the retail subscription of 312.78x, the estimated allotment ratio is 1 lot per 313 applicants (approximately 0.3% chance of allotment). This is an estimate and actual allotment may vary.
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