SpectraA Technology Solutions IPO: Date, Price, GMP & Review | Finowings

SpectraA Technology Solutions IPO- Company Analysis 

SpectraA Technology Solutions IPO under the SME IPO category is a book build issue of Rs. 42.52 Cr by SpectraA Technology Solutions Limited, which is Greenfield and brownfield projects are designed, manufacturer, installer, and decommissions greenfield and brownfield projects. 

With in-house production of essential equipment and customized process plant systems, the company manages projects from engineering and design through fabrication, installation, commissioning, and handover. Commercial brewery equipment, distillery equipment, food and beverage facilities, microbrewery equipment, malt spirit equipment, and extraction plants are among its product offerings. 

The company has developed process systems in compliance with ISO 9001:2015 and works on custom projects according to client requirements. Beer brewing, fermentation, distillation, spirit production, extracting flavors and colors from plant-based inputs, and food and beverage product processing are some of the uses for its solutions.

SpectraA Technology Solutions IPO Details

The SpectraA Technology Solutions IPO date of opening is 17 Sep 2026; its initial public offering will end on 21 Sep, IPO allotment on Sep 22 and refund initiation on Sep 23, 2026.

The Rs. 42.52 crore new SME IPO comprises a combination of a fresh issue of 32.56 lakh shares (Rs. 38.42 Cr) and an offer for sale of 3.48 lakh shares (Rs. 4.11 Cr).

The SpectraA Technology Solutions IPO listing date (expected) might be Thursday, Sep 24, 2026, and the listing on the NSE and SME. 

The SpectraA Technology Solutions IPO price band is Rs. 112 to Rs. 118.

IPO Timetable (Tentative)

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Cash Flows

(Amount in Lac)

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital Expenditure at Jaipur manufacturing facility. ~ Rs. 11 Cr.

• Repayment of Term Loans availed by the Company. ~ Rs. 6.48 Cr.

• Working Capital requirements. ~ Rs. 9.50 Cr.

• General Corporate Purposes. 

Listed Peers of SpectraA Technology Solutions Ltd.

Valuation

Evaluation of P/E Ratio

Considering the period ended on FY 2026 with an EPS of Rs. 11.45 from the last year, the resulting P/E ratio is 10.30x.

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IPO's Strengths 

• Diversified and sustainable order book.

• Diversified product and industry portfolio.

• End-to-end project execution capabilities.

• Experienced leadership and skilled workforce.

IPO's Weaknesses

• A significant portion of the company's revenue is derived from a limited number of customers. The loss of a customer, deterioration in its financial condition or a reduction in demand could adversely affect the company's business and financial performance.

• The company depends on a limited number of suppliers for its raw materials. Any disruption in supply or adverse changes in supply terms could materially affect its operations and business performance.

• A portion of the Net Proceeds is proposed to be used for repayment of a term loan availed by the company. Accordingly, the portion of the proceeds used for debt repayment will not result in the creation of tangible assets.

SpectraA Technology Solutions IPO GMP (Grey Market Premium)

SpectraA Technology Solutions IPO GMP today has not started yet as of 12 September 2026, while writing this information. 

SpectraA Technology Solutions IPO Summary

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,83,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 4,24,800.

SpectraA Technology Solutions IPO Allotment Status

To check the SpectraA Technology Solutions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of SpectraA Technology Solutions Ltd.

• A L Arun Kumar

• Sailaja Arun Kumar

• Praveen Kumar Appukuttan Nair Leela 

• Divya Praveen.

IPO Lead Managers

Indcap Advisors Pvt. Ltd. 

Dividend Policy

The company has not paid a dividend during the last three FYs.

Conclusion

SpectraA Technology Solutions SME IPO, opening on 17 Sep 2026, is a ₹42.52 Cr book-built issue priced at ₹112–118, featuring strong growth in PAT and robust margins.  With diversified process plant solutions for brewery, distillery, and F&B sectors, the company aims to fund capacity expansion, debt repayment, and working capital.  

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.