- NEGATIVE
Annual Revenue SpectraA Technology Solutions Mar-2021 Annual Revenue is Rs 37 Cr which is growth of -15.7% YoY.
- NEGATIVE
Annual Net Profit SpectraA Technology Solutions Mar-2021 Annual Net Profit is Rs 0 Cr which is growth of -60.7% YoY.
SpectraA Technology Solutions was incorporated on January 20, 2009. The company provides engineering, design, fabrication, installation, commissioning and decommissioning services for greenfield and brownfield projects across industries such as breweries, distilleries, food and beverages, FMCG and pharmaceuticals. Its end-to-end project execution, in-house equipment manufacturing and standardised designs help ensure timely delivery, reduce rework and control costs
| Bidding Dates |
|---|
| 17 Sep 2026 - 21 Sep 2026 |
| Subscription |
|---|
| 282.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹268,800 | 2 | 2 | 1200 | 3.6 M | ₹112 - ₹118 | 73 % | ₹403.6 M - ₹425.2 M | RHP DOC |
SpectraA Technology Solutions IPO SUBSCRIPTION STATUS
21 Sep '26Total282.62x
Retail Individual Investor415.53x
HNI (NII) Investors588.25x
Qualified Institutional Buyers97.9x
SpectraA Technology Solutions IPO overall subscription rate was 282.62 times the total available shares
SpectraA Technology Solutions IPO retail subscription rate was 415.53 times in the retail segment
SpectraA Technology Solutions IPO non-institutional investor subscription rate was 588.25 times in the non-institutional investor category
SpectraA Technology Solutions IPO Qualified Institutional Bidder subscription rate was 97.9 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Sep 2026 (Day 3) | 415.53x | 588.25x | 97.9x |
18 Sep 2026 (Day 2) | 41.24x | 26.6x | 0.01x |
17 Sep 2026 (Day 1) | 12.41x | 5.53x | - |
SpectraA Technology Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 101.2 | 11.6 | 8.0 | -4.6 | 19.0% |
| FY25 | 75.2 | 4.9 | 0.6 | -1.2 | 13.5% |
| FY24 | 89.0 | 2.0 | 0.6 | -1.1 | 5.0% |
SpectraA Technology Solutions IPO SUBSCRIPTION STATUS DETAILS
SpectraA Technology Solutions had 3.6 M shares on offer
SpectraA Technology Solutions IPO offer price was in the range ₹112 - ₹118
SpectraA Technology Solutions IPO minimum Investment was ₹268800
SpectraA Technology Solutions IPO issue size was ₹ 403.6 M - ₹ 425.2 M
SpectraA Technology Solutions had a minimum lot size of 1200 Shares per application
SpectraA Technology Solutions NUMBER OF SHARES ON OFFER
Total3.6 M
Fresh Issue3.3 M
Offer for Sale348.0 K
Post Issue Promoter Holding %73 %
SpectraA Technology Solutions IPO IMPORTANT DATES
| Issue Open Date | 17 Sep 2026 |
| Issue close Date | 21 Sep 2026 |
| Allotment Date | 22 Sep 2026 |
| Refund Date | 23 Sep 2026 |
| Demat Account Credit Date | 23 Sep 2026 |
| Listing Date | 24 Sep 2026 |
| Listing on Exchange(s) | NSE |
| SpectraA Technology Solutions Allotment Status | Exchange/ Registrar |
SpectraA Technology Solutions IPO subscription opened on 17 Sep 2026, and closed on 21 Sep 2026
IPO allotment for SpectraA Technology Solutions was finalized on Tuesday, 22 Sep 2026
IPO listing for SpectraA Technology Solutions was on NSE on Thursday, 24 Sep 2026
SpectraA Technology Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 118.0 |
| Listing Open Price | 224.2 |
| Listing Close Price | 235.4 |
| Listing Gain% | 90.0% |
| Current Gain% | 104.3% |
SpectraA Technology Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SpectraA Technology Solutions Ltd. | 241.1 | 321.8 | 27.9 | 0.2 | 3.1 | 46.5 | 10.8 | 103 | 36.4 | 11.5 | 135.5 | 8.6 | 135.5 |
| Cummins India Ltd. | 4860 | 134719.2 | 56.9 | 5.4 | 10.6 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4253.2 | 108901.7 | 83.4 | 1.2 | 16.2 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 30795 | 34690.9 | 60.1 | 3.7 | 6.5 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 512.8 | 16.3 |
| Kirloskar Oil Engines Ltd. | 2242.7 | 32646.1 | 59.8 | 3.8 | 4.1 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 1032.1 | 23472.3 | 73 | -16.6 | 10.7 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Annual
Balance Sheet
Ratios
Cash Flow
SpectraA Technology Solutions annual results: revenue, profit, P&L, and margins as of Mar 2021 – 11 year history
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| Indicator | Graph | Mar '21 | Mar '20 |
|---|---|---|---|
| 37 | 43.9 | ||
Operating Exp. Ann. | 35.3 | 41.4 | |
Operating Profit Ann. | 1.5 | 2.1 | |
OPM Ann. % | 4.00% | 4.83% | |
| 36.6 | 42.6 | ||
EBITDA Ann. | 1.7 | 2.5 | |
EBITDA Ann. margin % | 4.67% | 5.65% | |
Interest Ann. | 0.8 | 0.7 | |
Depr. | 0.5 | 0.5 | |
PBT Ann. | 0.5 | 1.3 | |
Tax Ann. | 0.2 | 0.5 | |
| 0.3 | 0.8 | ||
Net Profit Ann. | 0.3 | 0.8 | |
NPM Ann. % | 0.88% | 1.90% | |
EPS Adj. latest Ann. | 0.2 | 0.6 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-15.7%
Net Profit Ann.
1Y CHG
-62.5%
Operating Exp. Ann.
1Y CHG
-14.7%
SpectraA Technology Solutions INFORMATION ON IPO ISSUE
About SpectraA Technology Solutions
SpectraA Technology Solutions was incorporated on January 20, 2009. The company provides engineering, design, fabrication, installation, commissioning and decommissioning services for greenfield and brownfield projects across industries such as breweries, distilleries, food and beverages, FMCG and pharmaceuticals. Its end-to-end project execution, in-house equipment manufacturing and standardised designs help ensure timely delivery, reduce rework and control costs
Object of the Issue
- Capital expenditure at Jaipur manufacturing facility
- Repayment of term loans availed by the company
- Meet the working capital requirements
- General corporate purposes
- Offer expenses
SpectraA Technology Solutions - PROMOTERS
| Name |
|---|
| A L Arun Kumar |
| Sailaja Arun Kumar |
| Praveen Kumar Appukuttan Nair Leela |
| Divya Praveen |
SpectraA Technology Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| A L Arun Kumar | Chairman & Managing Director |
| Sailaja Arun Kumar | Non-Executive Director |
| Venkatraman Murali | Whole-time Director |
| Shital Darak Mandhana | Independent Director |
| Sheela Arvind | Independent Director |
| Kalpundi Narayanamurthy Gopalakrishnan | Independent Director |
SpectraA Technology Solutions Book Running Lead Manager
Indcap Advisors Private Limited
smeipo@indcap.in
SpectraA Technology Solutions Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
SpectraA Technology Solutions Strengths
Quality control & compliance
The company follows quality checks from raw-material intake through production, testing and site handover, in line with applicable standards including ISO 9001:2015. Its 100% FAT success ratio and no warranty claims during the stated periods demonstrate effective quality controls, supporting predictable commissioning and reduced rework
Strength
Diversified order book
The company has a diversified order pipeline from repeat customers across breweries, distilleries, food and beverages, extraction and customised processing, supporting capacity utilisation and revenue visibility. As of March 5, 2026, its order book stood at Rs 129.51 crore, with projects across industries and geographies reducing sector-specific risks and enabling predictable planning
Strength
In-house product fabrication
The company fabricates its equipment in-house from design to final assembly, including cutting, welding, testing and quality checks, enabling faster customisation and better control over quality, cost and schedules. This capability protects design know-how, supports reliable delivery and helps meet customer requirements efficiently
Strength
SpectraA Technology Solutions Risks
Depend on FMCG industry
The company primarily serves the beer and malt spirit industries, with significant exposure to breweries, distilleries, food and beverages, and pharmaceuticals, making demand dependent on these sectors’ growth and capital expenditure. Regulatory or policy changes, weaker demand or customers delaying projects could reduce order inflows, capacity utilisation, revenues and financial performance
Risk
Competition
The company operates in a highly competitive and fragmented market for steel tanks and related systems, competing with organised and unorganised players on quality, pricing, customisation, technology and delivery. Increased competition or pricing pressure could lead to lower market share, reduced margins, customer loss and adversely affect its business and financial performance
Risk
Regulatory risks
The company’s business depends significantly on brewery and distillery customers, whose investments are affected by alcohol regulations, excise duties, licensing and restrictions on production or consumption. Regulatory changes, higher compliance costs or restrictions could delay or reduce customer projects, adversely affecting its order inflows, revenues, cash flows and financial performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 4.1 crore, of 348,000 shares. It also consists of a fresh issue of Rs 38.4 crore.
The promoters of the company are A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 112.0 - 118.0.
The IPO application opens on Sep 17, 2026 and closes on Sep 21, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 268,800.0, the maximum value for this IPO is Rs 283,200.0.
This IPO will be allotted on Sep 22, 2026.
The refund will be credited to your account on Sep 23, 2026.
The allotted shares will be credited to your demat on Sep 23, 2026.
SpectraA Technology Solutions Ltd.’s shares listed on the stock exchanges on Sep 24, 2026.