SME
IPO ·
NSE Emerge
SpectraA Technology Solutions Ltd
Listed
Designs, fabricates and commissions brewery, distillery, food-processing and extraction plants.
Issue details
Price band
₹112 – ₹118
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,83,200
Issue size
₹42.52 Cr
Fresh issue
₹38.42 Cr
Offer for sale
₹4.11 Cr
Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
17 Sep 2026
Closes
21 Sep 2026
UPI mandate cut-off
5:00 PM on 21 Sep 2026
Allotment
22 Sep 2026
Refunds
23 Sep 2026
Shares in demat
23 Sep 2026
Listing
24 Sep 2026
Subscription and listing
Subscription
212.97x
Listing price
₹224.20
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Indcap Advisors Pvt Ltd
Subscription by category
Total
212.97x
Total applications
1,88,407
Anchor investors
Amount raised
₹12.09 Cr
Bid date
16 Sep 2026
50% lock-in ends
22 Oct 2026
Rest lock-in ends
21 Dec 2026
Listing day
Issue price
₹118
Open
₹224.20
High
₹235.40
Low
₹224.20
Day close
₹235.40
Listing gain at open
+90.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
17,08,800
47.42%
Anchor Investor
10,24,800
28.44%
QIB (Ex. Anchor)
6,84,000
18.98%
NII
5,14,800
14.29%
bNII > ₹10L
3,43,200
9.52%
sNII < ₹10L
1,71,600
4.76%
Retail
11,97,600
33.23%
Market Maker
1,82,400
5.06%
Total
36,03,600
100.00%
Finaccle’s quick read
Neutral
PAT rose from ₹2.00 Cr to ₹11.56 Cr in two years with ROE of 60.95% and post-issue P/E of 13.63, but revenue dipped in FY25, the FY26 profit jump is 135%, and debt/equity is 1.09.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
SpectraA Technology Solutions designs, fabricates, installs and commissions process plants for breweries, distilleries, microbreweries, malt spirit, food and beverage and extraction units. It runs fabrication sites in Bengaluru and Jaipur and handles both new and expansion projects for its clients. It has 79 employees and reported total income of ₹103.05 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
60.95%
ROCE
37.61%
Debt / equity
1.09
PAT margin
11.42%
P/E post issue
13.63
Market cap
₹157.50 Cr
Use of IPO money
Capital expenditure at Jaipur facility
₹11.00 Cr
Repayment of term loans
₹6.48 Cr
Working capital requirements
₹9.50 Cr
General corporate purposes
₹5.70 Cr
Issue expenses
₹5.74 Cr
Strengths
✓
End-to-end execution from design to commissioning
✓
In-house fabrication at Bengaluru and Jaipur
✓
Serves breweries, distilleries and food processing
✓
High ROE of 60.95% with post-issue P/E of 13.63
Risks to watch
!
PAT jumped 135% in FY26 from a small ₹4.91 Cr base
!
Revenue fell in FY25 before rising in FY26, showing lumpy project flow
!
Debt/equity of 1.09 with borrowings up sharply
!
Concentrated in alcobev and food processing capex cycles
!
Small OFS of ₹4.11 Cr by promoters
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.