SpectraA Technology (SME IPO)
📅 Dates: 17-21 September • 💰 Issue Size: ₹42.52 Cr.Complete guide to SpectraA Technology SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (NSE SME) |
| Issue Dates | 17-21 September |
| Price Band | ₹112 to ₹118 |
| Total Issue Size | ₹42.52 Cr. |
| Minimum Market Lot | 2400 shares (Min. Inv: ₹2,83,200) |
| Listing Price (Debut) | ₹224.20 (+₹106.20 (+90.00%) 🚀) |
| Subscription Status | 304.06x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐⭐⭐ (5/5 - Blockbuster Demand) |
📅 Tentative Timetable
| IPO Open Date: | September 17, 2026 |
| IPO Close Date: | September 21, 2026 |
| Basis of Allotment: | September 22, 2026 |
| Refunds: | September 23, 2026 |
| Credit to Demat Account: | September 23, 2026 |
| IPO Listing Date: | September 24, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 184.55x |
| Non-Institutional / HNI | 441.66x |
| Retail Individual (RII) | 313.16x |
| Total Subscription | 304.06x (Updated: 07 Oct, 17:54) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2400 | ₹2,83,200 |
| Retail Maximum | 2 | 2400 | ₹2,83,200 |
| S-HNI Minimum | 3 | 3600 | ₹4,24,800 |
| S-HNI Maximum | 7 | 8400 | ₹9,91,200 |
| B-HNI Minimum | 8 | 9600 | ₹11,32,800 |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹89.68 | ₹86.85 | ₹2.00 | ₹66.64 |
| 2025 | ₹75.53 | ₹68.03 | ₹4.91 | ₹100.00 |
| 2026 | ₹103.05 | ₹87.57 | ₹11.56 | ₹106.29 |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
SpectraA Technology Solutions (IPO Dates: 17-21 Sept | Price: ₹112-₹118 | Lot: 2,400) provides end-to-end engineering, fabrication, installation, and commissioning services for greenfield and brownfield industrial plants. The company earns its revenue by designing, setting up, and decommissioning specialized manufacturing facilities—such as pharmaceutical bioreactors, breweries, dairy units, and beverage bottling plants—across India and international markets.🚀 Key Strengths & Growth Drivers
• Niche Diversification: Proven execution track record across specialized sectors, including pharma, food & beverage, dairy, and breweries, reducing industry-specific cyclicality.• Geographic Reach: Successfully delivered projects not just domestically, but also across South Asia (Sri Lanka, Bhutan, Nepal) and Africa (Republic of Benin).
• Clear CapEx Direction: A significant portion of the IPO proceeds is allocated toward expanding the Jaipur manufacturing facility and strengthening working capital, positioning the firm for top-line growth.
⚠️ Key Risks & Red Flags
• SME Liquidity Constraints: With a massive lot size of 2,400 shares (approx. ₹2.83 lakh per lot), retail liquidity and post-listing trading volumes could be restricted.• Debt & Working Capital Reliance: While a part of the issue repays term loans, the business inherently relies on heavy working capital to manage large-scale industrial projects.
• Project Execution Risk: Delays in Greenfield/Brownfield plant setups or supply chain bottlenecks for raw materials could hurt operating margins.
🎯 Retail Verdict
SpectraA offers a play on niche industrial engineering with solid international exposure, but the high minimum investment threshold (lot size of 2,400) makes it suitable only for high-risk investors comfortable with SME volatility. Assess your risk appetite and the grey market sentiment carefully before bidding.🏢 About SpectraA Technology | Dates: 17-21 September | Price: ₹112 to ₹118 | Lot: 2400
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.
🎯 Objects of the Issue
• Capital Expenditure at Jaipur manufacturing facility: ₹11.00 Cr• Repayment of Term Loans availed by the Company: ₹6.48 Cr
• Working Capital requirements: ₹9.50 Cr
• General Corporate Purposes
📬 Registrar & Allotment Information
Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: [email protected] Website: Maashitla Securities — Registrar & Share Transfer Agent💬 Community Discussion & Views
Are you planning to apply for the SpectraA Technology IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
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