SpectraA Technology Solutions IPO

The SpectraA Technology Solutions SME IPO opens for subscription on 17 Sept 2026 and closes on 21 Sept 2026, offered at a price band of ₹112–118 per share, and is set to list on NSE. In total, the issue aims to mobilise ₹42.52 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,83,200.

Issue structure

The offer combines a fresh issue of ₹36.26 crore with an offer for sale (OFS) of ₹4.11 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward capital expenditure at jaipur manufacturing facility (₹12.41 crore), alongside working capital requirements (₹9.5 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2025, SpectraA Technology Solutions reported revenue of ₹34.12 crore and a net profit of ₹4.41 crore. Revenue declined from ₹103.49 crore in FY2023 to ₹34.12 crore in FY2025 (-67.0%). Net worth stood at ₹17.58 crore at the end of FY2025.

Valuation

At the upper band, the issue is priced at 17.85× post-issue earnings and 4.8× book value, against a return on net worth of 46.59% and a debt-to-equity ratio of 1.31. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen</p>. Promoter holding stands at 100% before the issue and comes down to 73% after listing.

Grey market premium (GMP)

In the unofficial grey market, SpectraA Technology Solutions shares are quoted at a premium of ₹0 implying an expected listing around ₹118, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the SpectraA Technology Solutions IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

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. Competitive Strengths: Geographical Advantage of two manufacturing facilities In-house Product Fabrication Diversified and Sustainable Order Book Quality Control and Compliance Experienced Leadership and Skilled Team