SpectraA Technology Solutions IPO
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SpectraA Technology Solutions IPO details
Schedule of SpectraA Technology Solutions
| Issue open date | 17 Sep 2026 |
| Issue close date | 21 Sep 2026 |
| UPI mandate deadline | 21 Sep 2026 (5 PM) |
| Allotment finalization | 22 Sep 2026 |
| Refund initiation | 23 Sep 2026 |
| Share credit | 23 Sep 2026 |
| Listing date | 24 Sep 2026 |
| Mandate end date | 06 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 21 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 20 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About SpectraA Technology Solutions
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 across its target sectors.
Financials of SpectraA Technology Solutions
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 42.52 |
| Fresh Issue – Proceeds go to the company | 38.42 |
| Offer for sale – Proceeds go to the existing investors | 4.11 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure at Jaipur manufacturing facility |
11 (28.63%) |
| Repayment of Term Loans availed by the Company | 6.48 (16.87%) |
| Working Capital requirements | 9.5 (24.73%) |
| General corporate purposes | 11.44 (29.77%) |
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.