SpectraA Technology IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.00x | 0.02x | 184.55x |
| NII | 4.16x | 19.98x | 442.01x |
| bNII > ₹10L | 3.27x | 18.95x | 488.10x |
| sNII 2-10L | 5.93x | 22.05x | 349.83x |
| Retail | 9.35x | 31.08x | 313.16x |
| Total | 5.17x | 18.43x | 304.13x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 89.68 | 75.53 | 103.05 |
| Expense | 86.85 | 68.03 | 87.57 |
| Profit (PAT) | 2.00 | 4.91 | 11.56 |
| Total Assets | 66.64 | 100.00 | 106.29 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SpectraA Technology This IPO | 8.66 | 13.63 | 46.59 | 24.58 | - |
| Praj Industries Limited | 1.30 | 258.89 | 1.82 | 71.23 | 3,218.24 Cr |
Promoters & Holding Pattern
Promoters: A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 96,91,646 | 96.04% |
| Promoter Holding Post Issue | 93,43,646 | 70.00% |
Strengths & Risks
- Heavily oversubscribed — 304.1x overall (final).
- Strong institutional (QIB) demand — 184.6x.
- Revenue grew 36% in the latest reported year.
- Solid profit margin — 11.2%.
- Strong return on equity — 61%.
- Elevated leverage — debt/equity of 1.09.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About SpectraA Technology
Founded in 2009, SpectraA Technology Solutions has been involved in engineering, designing, fabrication, installation, commissioning, and decommissioning of Greenfield projects (building a completely new plant) and brownfield projects (modifying the existing plant). The company offers a wide range of equipment, engineering services, and products to help companies set up and operate industrial plants. SpectraA can set up, transfer, or decommission any new or existing manufacturing plant to clients’ specifications. Moreover, the firm has successfully installed many projects for pharmaceutical SS bioreactors & mixers, brewery & microbrewery plants, yogurt plants, dairy plants, sugar manufacturing plants, processed food plants, and soft drink & beverage bottling plants in South Asian countries like Srilanka, Bhutan & Nepal, including several locations in India and African countries like the Republic of Benin.
Company Contact Information
17/7 Ali Asker Road Cunningham Rd, Bangalore G.P.O Bangalore Rural Karnataka
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure at Jaipur manufacturing facility | 11.00 |
| Repayment of Term Loans availed by the Company | 6.48 |
| Working Capital requirements | 9.50 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
SpectraA Technology IPO - Quick Take
SpectraA Technology has set a price band of Rs 112–Rs 118 per share for an issue size of Rs 43 crore. The stock listed with a 90.00% gain versus its issue price on September 24, 2026.
The issue is promoted by A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen with Indcap Advisors Pvt.Ltd. acting as lead manager. Anchor investors have committed Rs 12 crore ahead of the public issue — about 28% of the total issue size. Anchor allocation was completed on August 16, 2026. Net proceeds will primarily be used towards capital Expenditure at Jaipur manufacturing facility (Rs 11 crore) and repayment of Term Loans availed by the Company (Rs 6 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 13.63x. On fundamentals, the company is posting revenue growth of 36.4%, a profit margin of 11.2%, return on equity of 61.0% in its most recent reported period. Listed peers in this segment include Praj Industries Limited (P/E 258.89x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
SpectraA Technology IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 68.6%. Of the 32 SME IPOs we have tracked with a final GMP of 25% or more, 32 listed above, 0 flat and 0 below the issue price; SpectraA Technology listed 90% above its issue price.
See the full SpectraA Technology GMP history and trend, or learn how grey market premium works and how reliable it is.
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