SPECTRAA TECHNOLOGY SOLUTIONS LIMITED IPO
SPECTRAA TECHNOLOGY SOLUTIONS LIMITED IPO closed on 21 Sept 2026. Allotment 22 Sept 2026, listing 24 Sept 2026. Price band ₹112–₹118, lot 1200 shares, GMP +₹81 (68.64%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · NSE |
| Price band | ₹112–₹118 |
| Lot size | 1200 shares |
| Minimum investment | ₹2,83,200 |
| Issue size | ₹42.52 Cr |
| GMP | +₹81 (68.64%) |
| Open date | 17 Sept 2026 |
| Close date | 21 Sept 2026 |
| Allotment date | 22 Sept 2026 |
| Listing date | 24 Sept 2026 |
| Registrar | MSPL |
About SPECTRAA TECHNOLOGY SOLUTIONS LIMITED
SpectraA Technology Solutions Limited provides engineering and manufacturing solutions for process industries. The company manufactures steel tanks and turnkey process systems used in food and beverages, craft and microbreweries, malt spirit and blending plants, pharmaceuticals, and consumer goods. Its business activities cover design, in-house fabrication, supply, installation, and commissioning of process equipment, skid packages, and integrated automation systems. Revenue is generated from the sale of manufactured equipment, execution of turnkey projects, and related technical services. Operating out of two facilities in Karnataka and Rajasthan, the company serves both domestic markets across multiple states and international clients through product exports. Its business model focuses on custom engineering solutions, process integration, and higher-margin specialized manufacturing…
Strengths
- In-house design, engineering, and manufacturing capabilities across process industries.
- Strategic transition toward higher-margin products improving profitability metrics.
- Established presence and execution capability in brewery and distillery sectors.
- Global market reach with active product exports to international geographies.
- Integrated turnkey project execution covering design, supply, installation, and commissioning.
Risks
- A significant portion of revenue relies on a limited number of customers.
- Concentration of raw material procurement among the top ten key suppliers.
- Reliance on customers in alcohol-related industries is vulnerable to sudden regulatory changes.
- High working capital intensity with trade receivables forming substantial current assets.
- Geographical revenue concentration is primarily in a few domestic Indian states.