SpectraA Technology Solutions came to market through an SME IPO that opened on 17 September 2026 and closed on 21 September 2026, and the shares listed on 24 September 2026 on NSE SME. The price band was ₹112 to ₹118 per share and one lot was 1200 shares, so the minimum application was ₹1,41,600. The issue size was ₹42.52 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹224.2, a gain of 90% against the issue price of ₹118. Maashitla Securities Pvt.Ltd was the registrar to the issue, and Indcap Advisors Pvt.Ltd was the lead manager.
As of 22 September 2026.
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Overall the issue was subscribed 304.13 times.
SpectraA Technology Solutions Limited was incorporated on January 2009 and is a company dealing with engineering and technology solutions involving the design, manufacturing, installation, commissioning, and decommissioning of greenfield and brownfield projects. The Company performs its work from the stage of engineering and designing through manufacturing, installation, commissioning and handover using in-house manufacturing of key components and process plants that are customized to fit customer needs.
Its range of products consists of Commercial Brewery Equipment, Distillery Equipment, Food & Beverage Plants, Microbrewery Equipment, Malt Spirit Equipment and Extraction Plants. The Company has manufactured process plants according to ISO 9001:2015 standards and takes up customized projects as per customer requirements. The Company has two manufacturing units situated in Bengaluru and Jaipur and the total built-up area in both units is approximately 33,215 sq. ft.
As of August 31, 2026, the Company had a total strength of 79 employees in various fields such as management, sales, accounts, project and site operation, production, purchase, design and engineering, electrical, logistics, among others.
As described in the offer document.
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A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela, Divya Praveen. Promoter holding 96.04% before the issue and 70% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
SpectraA Technology Solutions IPO was a ₹42.52 crore book-built issue, comprising a fresh issue of ₹38.42 crore and an offer for sale of ₹4.11 crore. It was priced at ₹112–₹118 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,83,200). The IPO was open from September 17 to September 21, 2026 and was subscribed 304.13x.
Shares listed on NSE SME on September 24, 2026 at ₹224.20, a 90.0% premium to the issue price of ₹118. Maashitla Securities Pvt. Ltd. is the registrar. Indcap Advisors Pvt. Ltd. is the book running lead manager.
The price band of SpectraA Technology Solutions IPO is ₹112 to ₹118 per share.
The lot size of SpectraA Technology Solutions IPO is 1200 shares.
The minimum investment for SpectraA Technology Solutions IPO is approximately ₹2,83,200 based on the upper price band.
The allotment date of SpectraA Technology Solutions IPO is Sep 22, 2026.
No GMP quote could be verified as recorded before SpectraA Technology Solutions IPO listed. A grey-market observation of ₹60 per share was recorded on 24 Sep 2026, 6:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹224.2. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check SpectraA Technology Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the SpectraA Technology Solutions IPO allotment status on Rupix for quick and easy access.
₹112 to ₹118 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,41,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,41,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 September 2026 and closed on 21 September 2026.
The basis of allotment was published on 22 September 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 September 2026 on NSE SME, opening at ₹224.2.
The issue size was ₹42.52 crore. The fresh issue was 32,55,600 shares (aggregating up to ₹38.42 crore). The offer for sale was 3,48,000 shares (aggregating up to ₹4.11 crore).
It listed at ₹224.2 against an issue price of ₹118, a gain of 90 percent on listing day.