In Progress
Valuation
Market Cap
₹157.50 Cr
P/E Ratio
10.31x
P/B Ratio
4.80x
Spectraa Technology IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
SpectraA Technology Solutions Limited, incorporated in 2009 and headquartered in Bengaluru, designs, fabricates, installs, commissions and decommissions greenfield and brownfield process plants for Breweries, Distilleries, Food & Beverages, Malt Spirit & Blending, Extraction Plants, FMCG and Pharmaceuticals industries. It operates two manufacturing facilities at Bengaluru and Jaipur with an aggregate built-up area of 33,214.75 sq. ft. Over 17 years, the Company has served more than 50 clients across India and select international markets, with export revenue at 29.38% of FY2025-26 revenue. Commercial Brewery Equipment is its largest vertical at 68.14% of FY2025-26 revenue. Its order book stood at Rs. 81.29 Crs as of August 25, 2026, and it plans to expand its Jaipur facility using IPO proceeds to meet anticipated demand.
Lots & IPO Size
Spectraa Technology IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,83,200 |
| Ind (Max) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹11,32,800 |
Market Maker
₹1.82 L
Employee
₹0.00
Shareholder
₹0.00
Spectraa Technology IPO Size
Total
₹43 Cr
Fresh Issue
₹38 Cr
(0.33 Cr
Shares)
Offer For Sale
₹4 Cr
(0.03 Cr
Shares)
Promoters₹4 Cr
Objects 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 & Issue Expenses
Total
Key Risk Factors
The Company derives a significant portion of revenue from a limited number of customers; loss of any customer or reduced demand could adversely affect its business and financials.
Key Risk Factors
The Company derives a significant portion of revenue from a limited number of customers; loss of any customer or reduced demand could adversely affect its business and financials.
The Company depends on a limited number of suppliers for raw materials; any supply disruption or adverse price change could affect operations, profitability and cash flow.
Trade Receivables form a substantial part of the Company's current assets; failure to manage receivables could adversely affect liquidity, cash flow and financial condition.
The Company has been unable to locate the Consent to Establish for its Jaipur manufacturing unit; any inability to comply with applicable environmental laws may adversely impact operations.
The Company's revenues are significantly dependent on certain geographical regions, and adverse developments in those regions could adversely impact business and financial results.
The Company's revenues showed a decreasing trend for FY2024-25 and FY2023-24 due to a strategic shift towards higher-margin products, which may adversely impact cash flow and financial condition.
The Company operates primarily in the Beer and Malt Spirit industry and depends on a limited number of end-user industries, resulting in concentration risk.
There have been instances of delay in filing certain statutory forms required to be filed as per the reporting requirements applicable to the Company under law.
The Company's order book may not be a reliable indicator of future revenues or profitability, and any shortfall in future orders could adversely affect results of operations.
There have been certain instances of delay in payment of statutory dues and repayment instalments of certain loans availed by the Company, which could attract penal consequences.
Spectraa Technology IPO Details Live GMP
GMP
₹45
Est. Price
₹163
Est. Gain
38.14%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 15 Sep | ₹45 (38.1%) | ₹163 |
| 14 Sep | ₹43 (36.4%) | ₹161 |
| 13 Sep | ₹26 (22%) | ₹144 |
| 12 Sep | ₹0 (0%) | ₹118 |
| 11 Sep | ₹0 (0%) | ₹118 |
Spectraa Technology IPO Peer Comparison
(Rs. in crores)
| Particulars | Spectraa Technology | Praj Industries |
|---|---|---|
| Revenue | 101.16 | 3,167.88 |
| PAT | 11.56 | 23.85 |
| EPS (₹) | 11.45 | 1.30 |
| NAV (₹) | 24.58 | 71.23 |
| RONW | 46.59% | 1.82% |
| EBITDA | 19.04% | 3.96% |
| PAT Mrgn | 11.42% | 0.75% |
| PE Ratio | 10.31 | 258.89 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 7, 2026 for Peers
Spectraa Technology IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 101.16 | 75.17 | 88.96 |
| Profit | 11.56 | 4.91 | 2.00 |
| Net Worth | 24.81 | 13.12 | 8.18 |
| Borrowings | 26.96 | 17.21 | 14.19 |
| Assets | 106.29 | 100.00 | 66.64 |
| NAV (₹) | 24.58 | - | - |
| EPS (₹) | 11.45 | 4.87 | 1.99 |
Key Performance Indicators (KPIs)
Spectraa Technology IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 101.16 | 75.17 | 88.96 |
| Other Income | 1.88 | 0.36 | 0.72 |
| Total Income | 103.05 | 75.53 | 89.68 |
| Materials Consumed | 51.01 | 40.24 | 57.75 |
| Changes in Inventories | 2.57 | -1.25 | 2.00 |
| Employee Expense | 16.05 | 16.17 | 16.96 |
| Finance Costs | 3.96 | 2.16 | 1.77 |
| Depreciation | 1.71 | 0.84 | 0.60 |
| Other Expenses | 12.26 | 9.87 | 7.77 |
| Total Expenses | 87.57 | 68.03 | 86.85 |
| Profit Before Tax | 15.48 | 7.50 | 2.83 |
| Tax Expense | 3.92 | 2.58 | 0.82 |
| Profit After Tax | 11.56 | 4.91 | 2.00 |
| EPS — Basic (₹) | 11.45 | 4.87 | 1.99 |
| EPS — Diluted (₹) | 11.45 | 4.87 | 1.99 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 10.09 | 1.12 | 1.12 |
| Reserves & Surplus | 14.87 | 12.13 | 7.19 |
| Total Equity | 24.96 | 13.26 | 8.31 |
| Total Borrowings | 26.96 | 17.21 | 14.19 |
| Trade Payables | 34.21 | 28.29 | 24.46 |
| Other Current Liab | 18.82 | 40.24 | 18.99 |
| Other Liabilities | 1.34 | 1.00 | 0.69 |
| Total Equity & Liab | 106.29 | 100.00 | 66.64 |
| Fixed Assets | 20.42 | 9.55 | 8.61 |
| Inventories | 10.31 | 15.29 | 4.35 |
| Short Term Loans and Adv | 25.35 | 28.00 | 13.05 |
| Trade Receivables | 44.47 | 42.86 | 36.31 |
| Cash & Bank Balances | 5.44 | 0.52 | 3.54 |
| Other Assets | 0.31 | 3.77 | 0.78 |
| Total Assets | 106.29 | 100.00 | 66.64 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 7.98 | 0.60 | 0.62 |
| Cash Flow from Investing Activities | -8.86 | -4.48 | -2.04 |
| Cash Flow from Financing Activities | 5.79 | 0.85 | 1.87 |
| Net Change in Cash & Equivalents | 4.92 | -3.02 | 0.45 |
| Cash & Equivalents at End of Period | 5.44 | 0.52 | 3.54 |
Promoter Holding
Promoter
96.04%
Public
3.96%
A L Arun Kumar
49.77%
Sailaja Arun Kumar
36.27%
Others
10.00%
Management
A L Arun Kumar
Age: 48
MD
Remuneration
₹Fixed Salary Rs.4,66,037/month (~Rs.55.92L p.a.) + annual increment up to 25% + variable bonus up to 15% of Fixed Salary
Education
B.E. Mechanical, Dr. Ambedkar Institute of Technology, Bangalore (2000)
Prior Experience
21 years in Brewery industry; Asst. Manager–Business Development, Praj Industries Ltd (2003–2009); Director of Company since 2014
Venkatraman Murali
Age: 64
WTD
Remuneration
₹Fixed Salary Rs.1,02,000/month + statutory benefits and perquisites (HRA, medical, conveyance, bonus)
Education
B.E. Chemical & M.E. Chemical, Annamalai University (1984, 1987)
Prior Experience
13+ years in Brewery & Distillery industry; United Spirits Ltd (1990–2016) in Process Mgmt/Ops/Supply Chain Head-AP
Anandi Viswanathan
Age: 54
CFO
Remuneration
₹Rs.8.40 Lakhs p.a. (FY 2025-26)
Education
B.Sc Zoology, University of Madras (1992); Chartered Accountant, ICAI (1997)
Prior Experience
23 years in Finance & Accounts; Finance Controller, True Build Engineering & Construction LLP (2018–2024)
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Spectraa Technology Solutions Limited
Address: 17/7 Ali Asker Road, Cunningham Rd, Bangalore G.P.O, Bangalore North, Karnataka, India, 560001
Number: +91 80 41150466
Email: cs@spectraa.com
Website: https://spectraa.com
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Frequently Asked Questions (FAQs)
What is Spectraa Technology IPO?
Spectraa Technology IPO is a SME IPO having an issue size of
₹43 Crs.
Spectraa Technology IPO is priced at
₹112 - ₹118 per
share.
The
issue opens on 17 Sep 26
and
closes on 21 Sep 26.
When will Spectraa Technology IPO open?
Spectraa Technology IPO opens on
17 Sep 26 and closes on
21 Sep 26.
What is the GMP of Spectraa Technology IPO?
The estimated Grey Market Premium of Spectraa Technology IPO is
₹45 per share (38.14%).
What is the lot size of Spectraa Technology IPO?
The minimum lot size of Spectraa Technology IPO is
1200 shares & the minimum application amount
is
Rs.
141600.
When is the allotment of Spectraa Technology IPO?
The allotment date of Spectraa Technology IPO is
22 Sep 26.
What is the listing date of Spectraa Technology IPO?
The listing date of Spectraa Technology IPO is
24 Sep 26.
What is the subscription of Spectraa Technology IPO?
Spectraa Technology IPO is subscribed
-.
What is the price band of Spectraa Technology IPO?
Spectraa Technology IPO is priced at
₹112 - ₹118 per
share.
How to check allotment status of Spectraa Technology IPO?
Click the allotment link on Spectraa Technology IPO page of IPO360.
How to apply Spectraa Technology IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Spectraa Technology IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Spectraa Technology IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Spectraa Technology IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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