STS

SpectraA Technology Solutions Limited

Listed SME NSE Fresh Issue + OFS
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SpectraA Technology Solutions is an engineering and technology solutions provider specializing in design, fabrication, installation and commissioning of process plants for breweries, distilleries, food and beverage industries. The company manufactures commercial brewery equipment, distillery equipment, microbrewery systems and extraction plants from its facilities in Bengaluru and Jaipur.

Price Band
₹112–₹118
Lot Size
1200 shares
Issue Size
₹42.52 Cr
GMP
+₹77
Est. Listing
+65.3%
Subscription
304.06×
Open Date
17 Sep
Close Date
21 Sep
Allotment
22 Sep
Listing Date
24 Sep
Min Investment
₹1,41,600

Overview

About the Company

SpectraA Technology Solutions Limited is an engineering and technology solutions provider established in 2009, engaged in the design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects across multiple industries. The company offers end-to-end project execution capabilities from engineering and design through fabrication, installation, commissioning and handover, with in-house manufacturing of key equipment and customized process plant systems. Its product portfolio spans commercial brewery equipment, distillery equipment, food and beverage plants, microbrewery equipment, malt spirit equipment and extraction plants. The company operates two manufacturing facilities located in Bengaluru and Jaipur with a combined built-up area of approximately 33,215 square feet, following ISO 9001:2015 quality standards. It employs a dual-sourcing approach for critical inputs and has developed local vendor bases around its manufacturing hubs. The company has also implemented rooftop solar capacity of 100 kWp across its facilities to reduce power costs. As of August 2026, the company employed 79 people across various functions including management, sales, accounts, project operations, production, design and engineering.

Company Details

Founded
2009
Headquarters
Bengaluru, Karnataka
Industry
Industrial Products
Employees
79
Promoter
A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen
Issue Type
Fresh Issue + OFS

📋 Objects of Issue (Use of Proceeds)

  • › Capital Expenditure at Jaipur manufacturing facility - ₹11.00 crores
  • › Repayment of Term Loans availed by the Company - ₹6.48 crores
  • › Working Capital requirements - ₹9.50 crores
  • › General Corporate Purposes

✅ Strengths

  • ✓ Diversified and sustainable order book across multiple industries
  • ✓ End-to-end project execution capabilities from design to commissioning
  • ✓ Experienced leadership team and skilled workforce
  • ✓ Two strategically located manufacturing facilities in Bengaluru and Jaipur
  • ✓ In-house fabrication and manufacturing capabilities reducing dependency on third parties
  • ✓ ISO 9001:2015 compliant quality management systems
  • ✓ In-house design, engineering and manufacturing capabilities across process industries
  • ✓ Strategic transition toward higher-margin specialty products improving profitability
  • ✓ Established presence and proven execution track record in brewery and distillery sectors
  • ✓ Global market reach with active exports to international geographies
  • ✓ Integrated turnkey project execution covering complete project lifecycle

⚠️ Risks

  • ! Significant revenue concentration from limited number of customers creates dependency risk
  • ! Raw material procurement concentrated among top ten key suppliers
  • ! Substantial reliance on customers in alcohol-related industries vulnerable to regulatory changes
  • ! High working capital intensity with trade receivables forming substantial portion of current assets
  • ! Geographic revenue concentration primarily in limited number of domestic Indian states