Spectraa Technology Solutions Limited
Bookbuilding IPO · NSE
- Price band
- ₹112 - ₹118
- Lot size
- 1,200 shares
- Issue amount
- ₹42.52 cr
- Total subscription
- 304.13×
- Opens
- 17 Sept 2026
- Closes
- 21 Sept 2026
- Allotment
- 22 Sept 2026
- Listing
- 24 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 36,03,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,34,400
- Fresh issue
- ₹38.41 cr
- Offer for sale
- ₹4.1 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,41,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,00,91,646
- Shares after issue
- 1,33,47,246
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,83,200 |
| sHNI | 3 | 3,600 | ₹4,24,800 |
| bHNI | 8 | 9,600 | ₹11,32,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 21 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 172 |
| NIB | 0 | 32,452 |
| RETAIL | 499 | 1,56,271 |
| HNIs(10L +) | 95 | 16,848 |
| HNIs (2-10L) | 48 | 15,604 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.07 | 1,489.52 |
| FIIs | 0 | 238.68 |
| FIs | 0 | 140.71 |
| Mutual Funds | 0 | 47.49 |
| Others | 0 | 1,062.64 |
| RETAIL | 14.13 | 4,425.59 |
| HNIs 2+ | 2.02 | 708.37 |
| HNIs 10+ | 4.05 | 1,976.69 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 11.45 | 4.87 | 1.99 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 46.59 | 37.46 | 24.49 |
| PRE IPO(PE) | 10.31 | 0 | 0 |
| POST IPO(PE) | 13.63 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Spectraa Technology Solutions Limited | 10.31 | 118 | 10 | 24.58 | 46.59 | 11.45 |
| Praj Industries Limited | 258.89 | 336.55 | 2 | 71.23 | 1.82 | 1.30 |
Company information
Company profile
Incorporated in 2009, Spectraa Technology Solutions Limited provides IT and technology solutions to businesses across multiple industries, focusing on delivering customized and innovation-driven services through automation and digital capabilities. The company also undertakes engineering, design, fabrication, installation, commissioning, and decommissioning of both greenfield and brownfield projects for sectors such as breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG, and pharmaceuticals. It operates two manufacturing facilities located in Bengaluru and Jaipur with a combined built-up area of 33,214.75 square feet.
Strengths
- Geographical Advantage: The company has manufacturing facilities in Bengaluru and Jaipur, giving it a presence in two important locations and supporting efficient manufacturing and project execution.
- In-House Product Fabrication: Spectraa has its own product fabrication capabilities, allowing better control over manufacturing and customised equipment requirements. This supports the execution of turnkey industrial projects.
- Diversified & Strong Order Book: The company serves various industries, including brewery, distillery, food and beverage, FMCG and pharmaceuticals. Its diversified order book reduces dependence on a single sector and provides better visibility for future business.
Risk factors
- Customer Concentration: A significant share of revenue comes from a limited number of customers. Losing a key customer, lower demand or financial issues faced by customers could negatively affect the company’s business and financial performance.
- Dependence on Limited Suppliers: The company relies on a limited number of suppliers for raw materials. Any supply disruption or unfavourable changes in supply terms could affect operations and business performance.
- Use of IPO Proceeds for Debt Repayment: A portion of the IPO proceeds will be used to repay an existing term loan. This amount will reduce the company’s debt but will not be used to create new physical assets.
Promoters
A L Arun Kumar
Sailaja Arun Kumar
Praveen Kumar Appukuttan Nair Leela
Divya Praveen
Registrar & documents
Lead manager
Indcap Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
17/7 Ali Asker Road, Cunningham Rd, Bangalore G.P.O, Bangalore North, Bangalore Rural, Karnataka, 560001
+91 80 41150466
[email protected]Company website ↗Understanding SPECTRAA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.