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IPO Open

Thu, Sep 17, 2026

IPO Close

Mon, Sep 21, 2026

Price Band

₹112 to ₹118

Market Cap*

₹157.50 Cr * on Upper Price

IPO Details

  • IPO Date
    17 to 21 Sep, 2026
  • Listing Date
    Thu, Sep 24, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹112 to ₹118
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    NSE SME
  • Total Issue Size
    36,03,600 shares (agg. up to ₹43 Cr)
  • Reserved for Market Maker
    1,82,400 shares (agg. up to ₹2 Cr) Asnani Stock Broker Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    30,73,200 shares (agg. up to ₹36 Cr)
  • Offer for Sale
    3,48,000 shares of ₹10 (agg. up to ₹[.] Cr)
  • Net Offered to Public
    34,21,200 shares (agg. up to ₹40 Cr)
  • Share Holding Pre Issue
    1,00,91,646 shares
  • Share Holding Post Issue
    1,33,47,246 shares

  • IPO Open
    Thu, Sep 17, 2026
  • Allotment
    Tue, Sep 22, 2026
  • Credit of Shares
    Wed, Sep 23, 2026
  • IPO Close
    Mon, Sep 21, 2026
  • Refund
    Wed, Sep 23, 2026
  • Listing
    Thu, Sep 24, 2026

Issue Reservation

SpectraA Technology Solutions IPO comprises a total issue size of 36,03,600 shares. The net offer to the public is 34,21,200 shares, after excluding 1,82,400 shares allotted on a firm basis. Of the Net offer 17,08,800 (49.95%) are allocated to QIB, 5,14,800 (15.05%) allocated to NII 11,97,600 (35.01%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 17,08,800 49.95% 47.42%
  − Anchor Investor 10,24,800 28.44%
  − QIB (Ex. Anchor) 6,84,000 18.98%
NII (HNI) 5,14,800 15.05% 14.29%
  − bNII > ₹10L 3,43,200 9.52%
  − sNII < ₹10L 1,71,600 4.76%
Retail 11,97,600 35.01% 33.23%
Firm Reservations
Market Maker 1,82,400 5.06%
Total 36,03,600 100.00% 100.00%

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

About SpectraA Technology Solutions Ltd.

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 brewery equipment, distillery equipment, food and beverage plants, microbrewery equipment, malt spirit equipment and extraction plants. The Company also uses standardised modules and designs and deploys dedicated project teams at client sites to support timely project execution and cost control.

The Company has built process systems in accordance with ISO 9001:2015 and undertakes customised projects based on customer specifications. Its solutions are used for applications including beer brewing, fermentation, distillation, spirit production, extraction of flavours and colours from plant-based inputs, and processing of food and beverage products.

The Company operates two manufacturing facilities located in Bengaluru and Jaipur, with an aggregate built-up area of approximately 33,215 sq. ft. It follows a dual-sourcing approach for critical inputs and develops local vendor bases around its manufacturing hubs to support procurement and project schedules. The Company has also installed an aggregate 100 kWp rooftop solar capacity across its Malur plant, Jaipur plant and registered office, supporting reduction in power costs.

The Company has completed projects across various industries and maintains a diversified order book covering breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.

As of August 31, 2026, the Company had 79 employees across management, sales, accounts, project and site operations, production, purchase, design and engineering, electrical, logistics and other functions.

Competitive Strengths

  • Diversified and sustainable order book.
  • Diversified product and industry portfolio.
  • End-to-end project execution capabilities.
  • Experienced leadership and skilled workforce.
  • Two strategically located manufacturing facilities.
  • In-house fabrication and manufacturing capabilities.
  • Quality-focused and ISO 9001:2015 compliant systems.

Company Financials (Restated Consolidated)

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.   (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 106.29 100.00 66.64
Total Income 103.05 75.53 89.68
Profit After Tax 11.56 4.91 2.00
EBITDA 19.26 10.13 4.48
NET Worth 24.81 13.12 8.18
Reserves and Surplus 14.72 12.00 7.06
Total Borrowing 26.96 17.21 14.19

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Skytech Infinite Platform Ltd. SME ₹22.68 Cr ₹77 null ₹70.30 -8.70% ₹27.90
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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Capital Expenditure at Jaipur manufacturing facility
    11.00
  • 2 Repayment of Term Loans availed by the Company
    6.48
  • 3 Working Capital requirements
    9.50
  • 4 General Corporate Purposes
  • Total
    26.98

Key Performance Indicator (KPI)

KPI Mar 31, 2026
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

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 11.45 8.66
P/E (x) 10.31 13.63
Market Cap at Offer Price ₹119.08 Cr. ₹157.50 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 96.04% 70%
Public 3.96% 30.00%
Total 100% 100%

Company Promoters: A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered Amount (₹ cr.)
A.L.Arun Kumar Promoter 1,74,000 2.05
Sailaja Arun Kumar Promoter 1,74,000 2.05
Total 3,48,000 4.11

SpectraA Technology Solutions IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Maashitla Securities Pvt.Ltd.

IPO Lead Manager(s)

  1. Indcap Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

SpectraA Technology Solutions Ltd. Address
17/7 Ali Asker Road
Cunningham Rd, Bangalore G.P.O
Bangalore Rural, Karnataka, 560001

IPO FAQs

SpectraA Technology Solutions IPO is a SME IPO of 36,03,600 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹112 to ₹118. The minimum order quantity is 1200.

The IPO opens on Thu, Sep 17, 2026, and closes on Mon, Sep 21, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in SpectraA Technology Solutions IPO using UPI as a payment gateway. Angel One customers can apply in SpectraA Technology Solutions IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in SpectraA Technology Solutions IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘SpectraA Technology Solutions IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The SpectraA Technology Solutions IPO opens on Thu, Sep 17, 2026 and closes on Mon, Sep 21, 2026.

SpectraA Technology Solutions IPO lot size is 1200, and the minimum amount required for application is ₹2,83,200, with 2 lots being the minimum application size.

You can apply in SpectraA Technology Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for SpectraA Technology Solutions IPO will be done on Tuesday, September 22, 2026, and the allotted shares will be credited to your demat account by Wed, Sep 23, 2026. Check the SpectraA Technology Solutions IPO allotment status.

The SpectraA Technology Solutions IPO listing date is not yet announced. The tentative date of listing is Thu, Sep 24, 2026.

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