SpectraA Technology Solutions IPO

Incorporated in January 2009, SpectraA Technology Solutions provides end-to-end engineering and project execution capabilities, covering design, fabrication, installation, commissioning and handover. The company manufactures customised process equipment and plant systems through its manufacturing facilities in Bengaluru and Jaipur. Its product and project portfolio includes commercial brewery equipment, distillery equipment, malt spirit and blending systems, botanical extraction plants and equipment for food, beverage, FMCG and pharmaceutical applications. The company also provides after-sales services, annual maintenance contracts and remote diagnostics. It has executed projects across domestic and international markets, with exports to countries including the UAE, Germany, South Africa, Cambodia and New Zealand. As of August 25, 2026, its order book stood at approximately ₹81.29 Cr excluding GST.

SpectraA Technology Solutions is raising ₹42.52 Cr through a fresh issue of 32,55,600 shares and an offer for sale of 3,48,000 shares at a price band of ₹112 to ₹118 per share. The fresh issue proceeds are intended for capital expenditure at the Jaipur manufacturing facility, repayment of term loans, working capital requirements, general corporate purposes and offer expenses. FY26 total income was ₹103.05 Cr and PAT was ₹11.56 Cr, compared with ₹75.53 Cr and ₹4.91 Cr respectively in FY25. FY26 ROCE was 37.61%, RoNW was 46.59% and debt-to-equity was 1.09x. At the upper issue price of ₹118, the reported pre-IPO P/E is 10.31x and post-IPO P/E is 13.63x, with post-issue market capitalisation of approximately ₹157.50 Cr.