SpectraA Technology Solutions Limited IPO — Subscription & GMP

upcomingSMENSENSE: SPECTRAA
Grey market premium
Est. listing gain
Subscribed
bidding not open yet
Min. investment
₹1,41,600
1200 shares × ₹118
Price band
₹112 – ₹118
Lot size
1200
Issue size
₹42.52 Cr
Bidding
17 Sept 2026 → 21 Sept 2026
Allotment
Listing

Schedule

  1. 17 Sept 2026IPO open date
  2. 21 Sept 2026IPO close date
  3. 22 Sept 2026Allotment date
  4. 22 Sept 2026Funds unblock or debit
  5. 24 Sept 2026Tentative listing date

† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.

Fundamentals

The business, its valuation and returns

SpectraA Technology Solutions Limited - Business Model Summary

SpectraA Technology Solutions Limited operates as an specialized engineering, procurement, and construction (EPC) solutions provider, focusing on the design, custom fabrication, installation, and commissioning of integrated process plants and heavy equipment.

Core Segments & Product Portfolio

1. Industry Verticals: - Breweries & Distilleries: Specializes in turnkey commercial and microbrewery systems, brewhouses, cellar setups, and copper pot still-based distillation setups for spirits like whisky. - Food, Beverages & Pharmaceuticals: Builds extraction plants, specialized vessels, and processing lines to isolate flavours, colours, and active botanical compounds. - Malt Spirit & FMCG: Constructs complete milling-to-distillation trains and blending/storage infrastructure.

2. Project Execution & Manufacturing Model: - End-to-End Capabilities: Manages greenfield and brownfield projects entirely from initial concept design through to site handover, including regulatory compliance and factory acceptance testing (FAT). - Hybrid Manufacturing: Fabricates critical machinery in-house across its dual manufacturing facilities (in Bengaluru and Jaipur) while utilizing standardized modular designs to control costs and speed up deployment.

Revenue Streams

  • Turnkey Project Contracts: Generates primary revenue through milestone-based or fixed-price engineering and construction contracts awarded by commercial beverage, distillery, and FMCG manufacturers.
  • Lifecycle & Ancillary Services: Earns supplementary service income from post-commissioning operations and maintenance (O&M) support, plant decommissioning, and client operator training.
We do not yet hold parsed fundamentals for this issue. Ratios are published in the RHP and the basis-of-issue-price advertisement.

Official source: Basis of Issue Price / ratios filing (NSE) — carries P/E, RoNW and EPS pre and post issue as filed.

GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Grey market premium

Unofficial · not from any exchange
No grey market premium is being quoted for this issue. Unlike subscription, GMP has no official source — when dealers are not quoting it, there is nothing to report.

Subscription status

Awaiting first fetch from exchange
Overall subscribed
not yet published
No bids recorded yet. The exchanges publish subscription figures only once bidding opens.

Source: NSE issue information

Equity split

Fresh equity vs offer for sale
₹38.42 Crto the company
Fresh equitynew capital, into the company's books
₹38.42 Cr 90.3%
Offer for saleto selling shareholders — the company receives nothing
₹4.11 Cr 9.7%
Total issue size
₹42.53 Cr

Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 3.48 L shares rather than a rupee amount, so it is valued here at the cap price of ₹118 — the final figure moves with the issue price.

Allotment status

Allotment status is not out yet. The registrar is Maashitla Securities Private Limited.

Issue details

Price band
₹112 – ₹118
Lot size
1200 shares
Min. bid quantity
Face value
₹10.00
Tick size
₹1.00
Shares offered
36.04 L
Issue size
₹42.52 Cr
Max bid · QIB
Max bid · NII

Timeline & process

Bidding opens
17 Sept 2026
Bidding closes
21 Sept 2026
Bidding hours
10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
UPI mandate cutoff
21-Sep-2026 (upto 5:00 PM) The cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate.
Allotment
Listing

Intermediaries

Registrar
Maashitla Securities Private Limited
Sponsor bank
Kotak Mahindra Bank Limited
Lead managers
Indcap Advisors Private Limited