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Home IPOs SpectraA Technology Solutions Ltd
SP
SpectraA Technology Solutions Ltd
CLOSED NSE SME Bookbuilding IPO Fresh capital cum OFS
GREY MARKET PREMIUM
₹ + 70
+59% expected return
EST. LISTING PRICE
₹188
Issue Price: ₹ 118
Issue Price
₹118
Face Value
₹10
Lot Size
1,200 shares
IPO Size
Agg. upto ₹43 Cr
Open Date
17 Sep 2026
Close Date
21 Sep 2026
Allotment
22 Sep 2026
Listing Date
24 Sep 2026
Exchange
NSE SME
About the Company

Incorporated in 2009, Spectraa Technology Solutions Limited provides 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.

It primarily caters to the following product verticals:

  • 1. Commercial Brewery Equipment: Turnkey brewhouse and cellar systems for commercial-scale beer brewing, fermentation, conditioning, and storage.
  • 2. Distillery Equipment: Copper pot still–based turnkey distillation systems to separate and concentrate alcohol and flavour compounds for spirits.
  • 3. Food and Beverages Plants: Process equipment and integrated utilities/packaging interfaces for extracting and processing flavour and colour from plant-based inputs.
  • 4. Microbrewery Equipment: Turnkey brewhouse and cellar systems for craft/micro-scale beer brewing, fermentation, conditioning, and storage.
  • 5. Malt Spirit Equipment: Turnkey milling-to-distillation equipment trains for producing malt spirit from malted grains, including wash/spirit stills, condensers, and blending/storage tanks.
  • 6. Extraction Plant: Extraction vessels with holding/buffer tanks.

The company have two manufacturing facilities located at Bengaluru and Jaipur with an aggregate built up area of 33,214.75 square feet.

As on the date of DRHP, it has partnered with more than across India and international market.

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
...read more
Objects of the Issue
Purpose Amount (₹ Cr)
Capital Expenditure at Jaipur manufacturing facility ₹12
Repayment of Term Loans availed by the Company ₹9
Working Capital requirements ₹10
General Corporate Purposes
Lead Managers
Indcap Advisors Pvt.Ltd
Financial Summary Amount in ₹ Crore
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Total Assets 112 100 67
Revenue 34 76 90
PAT 4 5 2
EBITDA 8 10 4
Net Worth 18 13 8
Reserves 16 12 7
Total Borrowing 25 17 14
Key Financial Ratios
ROE
61
ROCE
38
RONW
47
PAT Margin
11
EBITDA Margin
19
P/BV
5
Issue Details
Total Shares Offered
3,421,200
Reserved for Market Maker
Up to ₹2 Cr
Net Offer to Public
Up to ₹40 Cr
IPO Size
Agg. upto ₹43 Cr
IPO Analytics Dashboard
LIVE
IPO Insights
📊
Valuation
Good
IPO Strength Score
6 / 10 Moderate
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB 74.35 1,708,800 127,052,400
💼 NII / HNI 442.06 514,800 227,571,600
👤 Retail (RII) 312.27 1,197,600 373,972,800
📊 Market Maker 182,400
Σ Total 212.97 3,421,200 728,596,800

* Amount calculated at upper price band (₹118) ·  ** Total includes all investor categories

Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 2
Shares / Lot 2,400
Min. Investment ₹283,200
💼 HNI Investors ?
Min. Lots 3
Min. Shares 3,600
Min. Investment ₹424,800
Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 5
Post-Issue EPS ?
₹ 7
Pre-Issue P/E ?
24 x
Post-Issue P/E ?
18 x
IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 23 Sep 2026
  2. 2 📂 Credit of Shares to Demat 23 Sep 2026
Investor Interpretation
  • The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
  • Pre-issue EPS of ₹5 compares to post-issue EPS of ₹7 after dilution.

This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.

STOCK PRICE HISTORY  ·  NSE
Issue Price: ₹ 118  ·  Symbol:
H
L
O
Company Info
📍 17/7 Ali Asker Road, Cunningham Rd, Bangalore G.P.O, Bangalore North Bangalore Rural, Karnataka, 560001
Visit Website
Registrar
Maashitla Securities Pvt.Ltd
Check Allotment Status
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