SpectraA Technology Solutions
LISTEDIPO Date: 17 Sept - 21 Sept 2026
Listing Date: 24 Sept 2026
Price Range
₹112 to ₹118
Issue Size
43 Cr
Min Investment
₹2,68,800
2 lots minimum (SEBI rule for SME)
Min Application
2400 Shares
1200 per lot × 2
Schedule of SpectraA Technology Solutions
Issue open date
17 Sept 2026
Issue close date
21 Sept 2026
UPI mandate deadline
21 Sept 2026 (5 PM)
Allotment finalization
22 Sept 2026
Share credit
23 Sept 2026
Listing date
24 Sept 2026
Mandate end date
6 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 43 Cr |
| Fresh Issue | 32.56 Cr |
| Offer for Sale | 3.48 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 22 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 24 Sept 2026Latest | ₹118 | ₹81 | ₹199(+68.64%) |
| 23 Sept 2026 | ₹118 | ₹81 | ₹199(+68.64%) |
| 22 Sept 2026 | ₹118 | ₹73 | ₹191(+61.86%) |
| 21 Sept 2026 | ₹118 | ₹67 | ₹185(+56.78%) |
| 20 Sept 2026 | ₹118 | ₹45 | ₹163(+38.14%) |
| 19 Sept 2026 | ₹118 | ₹45 | ₹163(+38.14%) |
| 18 Sept 2026 | ₹118 | ₹45 | ₹163(+38.14%) |
| 17 Sept 2026 | ₹118 | ₹30 | ₹148(+25.42%) |
| 16 Sept 2026 | ₹118 | ₹50 | ₹168(+42.37%) |
| 15 Sept 2026 | ₹118 | ₹50 | ₹168(+42.37%) |
| 14 Sept 2026 | ₹118 | ₹44 | ₹162(+37.29%) |
| 13 Sept 2026 | ₹118 | ₹27 | ₹145(+22.88%) |
Performance SpectraA Technology Solutions
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹112 to ₹118 | ₹ 4 (-96.47%) | ₹ 3.84 | -96.75% |
About SpectraA Technology Solutions
SpectraA Technology Solutions Limited is an engineering-led original equipment manufacturer providing design, fabrication, installation, commissioning and turnkey project solutions for process industries. The company manufactures process equipment such as brewing systems, distillery equipment, storage tanks, extraction systems and integrated process plants. It serves breweries, distilleries, food & beverages, malt spirits, FMCG and pharmaceutical industries across greenfield and brownfield projects. SpectraA follows an end-to-end model covering engineering, in-house fabrication, project execution, automation and commissioning. It operates manufacturing facilities in Malur, Karnataka and Chomu/Jaipur, Rajasthan, and serves both Indian and international customers.
| Founded in | 2009 |
| Managing director | A. L. Arun Kumar |
| Parent organization |
Financial Overview
Strengths
4- 1
End-to-end project capability. Handles engineering, fabrication, installation, commissioning and project execution under one integrated model.
- 2
In-house manufacturing. Fabricates key equipment internally rather than operating purely as a trading or sourcing business, supporting greater control over quality and project execution.
- 3
Diversified industry exposure. Serves breweries, distilleries, food & beverages, malt spirits, extraction, FMCG and pharmaceutical industries, reducing dependence on a single end-use sector.
- 4
International presence. Has executed projects for customers across India and overseas markets, with international operations including Singapore and UAE.
Risks
4- 1
Project execution risk. Turnkey projects involve multiple stages, and delays in engineering, procurement, fabrication or installation could affect revenue and profitability.
- 2
Customer/project concentration. Large projects can account for a significant portion of business, making order timing and project awards important to financial performance.
- 3
Working-capital requirements. Engineering and turnkey projects can require substantial working capital before customer payments are received.
- 4
Competitive industry. The company competes with other engineering, equipment manufacturing and turnkey process-system providers on pricing, technology, quality and delivery timelines.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.02 |
| Non-Institutional Investors (NIIs) | 19.69 |
| Retail Individual Investors (RIIs) | 31.4 |
| Employee | N/A |
| Total | 19.93 |