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SpectraA Technology Solutions IPO
Price Band
₹112.0–118.0
Issue Size
₹42.52 Cr
Lot Size
1,200 shares
Min Investment
₹283,200
2 LOTS MIN
GMP
+₹81.0 (68.64%)
Issue Price
₹118.0
Subject to Sauda
₹73900
Paid only if allotted
SpectraA Technology Solutions IPO AI Summary
- SpectraA Technology Solutions IPO is listed on NSE SME in the Industrial Products sector.
- Price band: ₹112.0–₹118.0 per share, lot size 1,200 shares (min. investment ₹283,200, 2 lots minimum).
- Subscription window: 17 Sep–21 Sep 2026, listing on 24 Sep 2026.
- Current GMP is +₹81.0 (68.64%), an estimated listing price of ₹199 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
304.06x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
184.55x
|
185x 🔥 |
| NII (HNI) |
441.66x
|
442x 🔥 |
| ↳ bNII (>₹10L) |
487.57x
|
488x 🔥 |
| ↳ sNII (<₹10L) |
349.83x
|
350x 🔥 |
| Retail (RII) |
313.17x
|
313x 🔥 |
| Total | 304.06x | 304.06x |
Auto-updated every 5 min · As of 21st Sep 2026 18:56
SpectraA Technology Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹81.0
GMP %
+68.64%
Est. Listing
₹199.0
Updated: 24 Sep 2026 07:45
GMP Trend (Last 12 Days)
About the Company
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
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹11.45
NAV
₹24.58
ROE
60.95%
ROCE
37.61%
RoNW
46.59%
P/B Value
4.80
P/E Ratio
10.31
Market Cap
₹157.50 Cr
PAT Margin
11.42%
Debt/Equity
1.09
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Praj Industries Limited | 71.23 | 1.82% | 258.89 | 1.3 | 1.3 |
| Spectraa Technology Solutions Ltd. This IPO | 24.58 | 46.59% | — | 11.45 | 11.45 |
Promoters
A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen
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 5.70 5 Issue Expenses 5.74 Total 38.42
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹89.68 Cr in the period ending 31 Mar 2024, rising to ₹75.53 Cr by 31 Mar 2025, and further increasing to ₹103.05 Cr by 31 Mar 2026. This indicates a positive trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹2.00 Cr in the period ending 31 Mar 2024, increasing to ₹4.91 Cr by 31 Mar 2025, and further rising to ₹11.56 Cr by 31 Mar 2026. This shows a significant upward trend in profitability across the periods.
Valuation
Spectraa Technology Solutions has an implied P/E ratio of 10.31 at the issue price, compared to peers like Praj Industries Limited, which has a P/E of 258.89. This suggests that Spectraa is priced at a significantly lower multiple than its peer.
Grey Market Premium, Explained
Grey Market Premium (GMP) refers to the price at which shares of an IPO are traded in the unofficial market before they are listed on the stock exchange. A positive GMP indicates strong demand, while a negative GMP indicates weak demand for the shares.
Subscription Demand
As of 21st September 2026, the IPO has received a total subscription of 304.06 times. The breakdown includes 184.55 times for Qualified Institutional Buyers (QIB), 441.66 times for Non-Institutional Investors (NII), and 313.17 times for Retail Individual Investors (RII).
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, industry position, and financial health. It is essential to consider these factors in the context of your investment strategy.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 17th September 2026 and closes on 21st September 2026. Allotment of shares will be done on 22nd September 2026, and the shares are expected to be listed on the stock exchange on 24th September 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price upon listing due to high demand, others may not perform as expected. Investors should be prepared for the possibility of price volatility on the listing day.
This evaluation is generated from SpectraA Technology Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is SpectraA Technology Solutions IPO GMP today?
SpectraA Technology Solutions IPO GMP today is +₹81.0 (68.64%), indicating an estimated listing price of ₹199. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of SpectraA Technology Solutions IPO?
The price band of SpectraA Technology Solutions IPO is ₹112.0–₹118.0 per share.
When does SpectraA Technology Solutions IPO open and close?
SpectraA Technology Solutions IPO opens on 17 September 2026 and closes on 21 September 2026.
When does SpectraA Technology Solutions IPO list on the stock exchange?
SpectraA Technology Solutions IPO listed on 24 September 2026 at ₹199.0.
What is the lot size for SpectraA Technology Solutions IPO?
The lot size for SpectraA Technology Solutions IPO is 1200 shares, requiring a minimum investment of ₹283,200 (2 lots).
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹283,200.
What is the price band for this IPO?
The price band for this IPO is ₹112.0 to ₹118.0.
When does this IPO open and close?
The IPO opens on 17th September 2026 and closes on 21st September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Sep 2026
Close
21 Sep 2026
Allotment
22 Sep 2026
Listing
24 Sep 2026
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