SpectraA Technology Solutions SME IPO GMP Today and Subject 2 Price
SpectraA Technology Solutions SME IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
SpectraA Technology Solutions SME IPO is scheduled to open for subscription on September 17, 2026. The public issue aims to raise around ₹42.52 Cr. and is offered in a price band of ₹112 to ₹118 per share, with a market lot of 1200 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
Table of Contents
- SpectraA Technology Solutions SME IPO GMP Today
- SpectraA Technology Solutions SME IPO GMP Trend History
- SpectraA Technology Solutions SME IPO Dates
- Expected Listing Price
- Is SpectraA Technology Solutions SME IPO GMP Reliable?
- Kostak Rate Explained
- About SpectraA Technology Solutions SME IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
SpectraA Technology Solutions SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 17 Sep, 2026 |
| Close Date | 21 Sep, 2026 |
| Allotment Date | 22 Sep, 2026 |
| Refund Date | 23 Sep, 2026 |
| Credit to Demat | 23 Sep, 2026 |
| Listing Date | 24 Sep, 2026 |
SpectraA Technology Solutions SME IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹118 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 24 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is SpectraA Technology Solutions SME IPO GMP Reliable?
Grey market premium for SpectraA Technology Solutions SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the SpectraA Technology Solutions SME IPO full review for a fundamentals-based assessment before making any grey market trades.
SpectraA Technology Solutions SME IPO IPO Kostak Rate Explained
The Kostak rate for SpectraA Technology Solutions SME IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About SpectraA Technology Solutions SME IPO
Its customers are in breweries, including craft and microbreweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.
Its work is organised into six product lines. Commercial brewery equipment covers turnkey brewhouse and cellar systems for large scale beer brewing, fermentation, conditioning and storage. Distillery equipment covers copper pot still based systems used to separate and concentrate alcohol and flavour compounds for spirits. Food and beverage plants cover process equipment and the linked utilities and packaging interfaces for extracting flavour and colour from plant material. Microbrewery equipment is the same brewhouse and cellar work at craft scale. Malt spirit equipment covers the complete train from milling to distillation, including wash and spirit stills, condensers and blending and storage tanks. Extraction plants cover extraction vessels with holding and buffer tanks. It runs two manufacturing facilities, at Bengaluru and Jaipur, with a combined built up area of about 33,214.75 square feet.
Strengths & Risks
Strengths
- ✓ Profit has grown every year, from Rs 1.78 crore in FY2023 to Rs 2.00 crore in FY2024 and Rs 4.91 crore in FY2025, with Rs 4.41 crore earned in just the half year to 30 September 2025.
- ✓ EBITDA has improved sharply over the same period, from Rs 3.78 crore to Rs 10.13 crore in FY2025 and Rs 7.60 crore in the latest half year.
- ✓ Return ratios are strong, with RoNW of 46.59% and RoCE of 37.61%, and a PAT margin of 11.42%.
- ✓ The issue is priced at about 17.85 times earnings on an EPS of Rs 6.61.
- ✓ It supplies turnkey plants rather than loose equipment, handling design, fabrication, installation and commissioning together, which is harder for a small fabricator to match.
- ✓ The six product lines cover breweries, microbreweries, distilleries, food and beverage, malt spirit and extraction, so it is not tied to one customer industry.
- ✓ Craft brewing and premium spirits are growing categories in India, and microbrewery equipment is a direct play on that.
- ✓ It has two manufacturing facilities, at Bengaluru and Jaipur, covering about 33,214.75 square feet, and Rs 12.41 crore of the issue goes into the Jaipur plant.
Risks
- ⚠ Sales have been falling for three years. Total income went from Rs 103.49 crore in FY2023 down to Rs 89.68 crore in FY2024 and Rs 75.53 crore in FY2025. The profit has risen only because margins improved, not because the company is selling more.
- ⚠ Debt is high. Total borrowing was Rs 24.63 crore as on 30 September 2025 against a net worth of Rs 17.58 crore, a debt to equity ratio of 1.31, and borrowing has risen every year from Rs 10.55 crore in FY2023.
- ⚠ The latest column in the offer document is only a half year ending 30 September 2025, so it cannot be compared directly with the full years before it, and the data is close to a year old.
- ⚠ This is project work, so revenue is lumpy. A quarter without new orders leaves the fabrication shops idle while costs continue.
- ⚠ Its customers are breweries, distilleries and spirits makers, which are heavily regulated industries. State excise policy changes can stall a customer's expansion plans and therefore its orders.
- ⚠ Turnkey contracts carry execution risk. Delays in commissioning or a plant not meeting guaranteed output can mean penalties or retention money being held back.
- ⚠ The company is small, with a net worth of Rs 17.58 crore.
- ⚠ This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.
- ⚠ Promoter holding will come down from 100% to 73% after the issue.
- ⚠ This is an SME issue. One lot is 1,200 shares, which is about Rs 1.42 lakh at the upper band of Rs 118, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about SpectraA Technology Solutions SME IPO
What is the GMP of SpectraA Technology Solutions SME IPO?
The current Grey Market Premium (GMP) of SpectraA Technology Solutions SME IPO is not yet started or active in the market.
What is the Kostak Price of SpectraA Technology Solutions SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for SpectraA Technology Solutions SME IPO is currently not available.
What is the Subject to Sauda Price of SpectraA Technology Solutions SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of SpectraA Technology Solutions SME IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for SpectraA Technology Solutions SME IPO. Check back closer to the subscription date.
Is the GMP of SpectraA Technology Solutions SME IPO increasing or decreasing?
The GMP of SpectraA Technology Solutions SME IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore SpectraA Technology Solutions SME IPO Further
For a complete picture before making your investment decision, explore these resources:
