SpectraA Technology Solutions Limited IPO — Subscription & GMP
- Price band
- ₹112 – ₹118
- Lot size
- 1200
- Issue size
- ₹42.53 Cr
- Bidding
- 17 Sept 2026 → 21 Sept 2026
- Allotment
- —
- Listing
- 24 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 51.9 percentage points in the buyer’s favour — it implied +38.14% and the issue listed +90.00%. Counted in our running GMP accuracy record.
Schedule
- 17 Sept 2026IPO open date
- 21 Sept 2026IPO close date
- 22 Sept 2026Allotment date†
- 22 Sept 2026Funds unblock or debit†
- 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 returnsSpectraA 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.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹11.45 | — |
| P/E ratio | 10.31× | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 884 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | — | 12.62 Cr | — |
| 1(a)Foreign Institutional Investors(FIIs) | — | 2.02 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 1.19 Cr | — |
| 1(c)Mutual funds | — | 40.25 L | — |
| 1(d)Others | — | 9.01 Cr | — |
| 2Non Institutional Investors | — | 22.75 Cr | — |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | — | 16.75 Cr | — |
| 2.1(a)Corporates | — | 24.31 L | — |
| 2.1(b)Individuals(IND category bidding for more than 2 Lots) | — | 16.24 Cr | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | — | 6.00 Cr | — |
| 2.2(b)Individuals(Other than RIIs) | — | 5.90 Cr | — |
| 3Individual Investors (IND category bidding for 2 Lots) | — | 37.51 Cr | — |
| Total | 25.79 L | 72.88 Cr | 282.62× |
Source: NSE issue information
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
This issue’s anchor letter was filed as a scanned image with no text layer, so the allocation table cannot be read without OCR. We link the filing rather than publish figures we cannot verify.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹38.42 Cr 90.3%
- Offer for sale
- ₹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
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹112 – ₹118
- Lot size
- 1200 shares
- Min. bid quantity
- —
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 25.79 L
- Issue size
- ₹42.53 Cr
- Max bid · QIB
- 23.96 L
- Max bid · NII
- 17.12 L
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
- 24 Sept 2026
Intermediaries
- Registrar
- Maashitla Securities Private Limited
- Sponsor bank
- Kotak Mahindra Bank Limited
- Lead managers
- Indcap Advisors Private Limited