SpectraA Technology Solutions Ltd IPO

Status: Upcoming

Overview

IPO date

17 Sept 2026 to 21 Sept 2026

Face value

₹ 10 per share

Price

₹ 112 to ₹118 per share

Issue Size

3,603,600 shares
(aggregating up to ₹ 42.52 Cr)

Allotment Date

22 Sept 2026

Listing at

NSE

Issue type

Book Building - SME

Sector

Capital Goods-Non Electrical Equipment

Unlock Stock of the Month

T&C*

Strengths vs Risks of SpectraA Technology Solutions Ltd

Know the pros & cons

Strengths

Geographical Advantage of two manufacturing facilities.
In-house Product Fabrication.
Diversified and Sustainable Order Book.
Quality Control and Compliance.
Experienced Leadership and Skilled Team.

Risks

The company derives a significant portion of its revenue from limited number of customers. The loss of any customer, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows.
The company depends on a limited number of suppliers for its raw materials, and any disruption in supply or adverse change in supply terms it may materially affect the company's business.
A part of the Net Proceeds will be utilized for the repayment of a Term Loan availed of by the Company. Accordingly, the utilization of the Net Proceeds to the extent being used for the repayment of loan will not result in creation of any tangible assets.
The company's revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
The company's revenues have been on a decreasing trend for the last three Financial Years. This is due to a strategic shift towards higher-margin products by the Company. If the company is unable to secure sufficient high-margin orders or if demand for such products decreases, the company's revenues may continue to be adversely impacted which may adversely affect its financial performance.
Operating primarily in Beer and Malt Spirit Industry and dependence on a limited number of end-user industries and on customers' capital expenditure decisions may reduce demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013. Further, certain transfer forms of the Company are not traceable and we have relied on alternative documentation to reconstruct the details of such transfers.
The company's order book may not be a reliable indicator of its future revenues or profitability. Any shortfall in future orders or order cancellation/modification could have a material adverse impact on the company's business, financial condition, results of operations and cash flows.
Delays in project execution and schedule of implementation may expose the company to liquidated damages and margin erosion, affecting its business and results of operation.
The company requires certain approvals, licenses and permits for its operations, and failures to obtain or renew them in a timely manner may adversely affect its business.
The company is unable to locate the Consent to Establish for two of its manufacturing units and any inability to comply with applicable environmental laws may expose us to regulatory action and could adversely affect the company's business, financial condition and results of operations.
The company operates the company's manufacturing facility at Jaipur from leased premises and any disruption or non-renewal of such leases may adversely affect its business.
The company's ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond the company's control, which may adversely affect its business, financial condition and results of operation.
Thecompany has certain outstanding litigation against the Company, Directors and Promoters an adverse outcome of which may adversely affect its business, reputation and results of operations.
There have been certain instances of delays in payment of certain statutory dues and repayment of installments of loans availed by the company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on the company's financial condition and cash flows.
The Company has not obtained occupancy / completion certificates for its factory premises at Jaipur from which the company conducts the company's manufacturing operations and Registered Office. Any regulatory action in this regard may adversely affect its business operations.
Inaccurate project cost estimation or pricing may result in loss-making contracts and may adversely affect its margins, cash flows and financial condition.
The company operates in a highly competitive market, and increased competition may adversely affect its business, financial condition, and results of operations.
The company relies on its manufacturing facilities and any unscheduled or prolonged disruption or quality control issues at such facilities could adversely affect the company's business, financial condition, results of operations, and cash flows.
Insufficient control over order modifications and project scope of work may lead to cost overruns and revenue loss, ultimately affecting its profitability and cash flows.
Risks relating to the company's process know-how and engineering content may lead to disputes and may adversely affect its revenues, cash flows and financial condition.
Changes in alcohol regulations and restrictions on liquor production or consumption may affect demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
The company is dependent on its Promoters and Directors, the company's other key managerial personnel, senior management personnel and employees (including qualified and skilled personnel with technical expertise) for the continued success of its business through their continuing services and strategic guidance and support and if the company is unable to recruit and retain such personnel, the company's business, results of operations, financial condition and cash flows may be adversely affected.
Certain sections of this Draft Red Herring Prospectus contain information from the Credence Report which has been commissioned by the company and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
The company's business and results of operations may be adversely affected if the company is unable to secure more orders for utilizing its additional capacity following the installation of additional plant and machinery from the proceeds of the Offer.
The company is significantly dependent on its in-house design and engineering team and any inability to retain, train or attract suitably skilled personnel for these functions may adversely affect the company's business, operations and growth prospects.
The company's business is dependent on adequate working capital, and any inability to obtain or manage sufficient working capital may adversely affect its business, financial condition, results of operations and cash flows.
The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
The company has significant capital expenditure requirements and may requires additional financing in the future. The company's inability to obtain such financing on time or on acceptable terms may adversely affect its business, financial condition, results of operations and cash flows.
The Company will not receive any proceeds from the Offer for Sale portion.
The company's business is subject to seasonal variations and adverse weather conditions, particularly during the monsoon season, which may adversely affect its operations and financial performance.
The company's inability to meet its obligations, including compliance with financial and other covenants under its debt financing arrangements, could adversely affect the company's business, results of operations, financial condition and cash flows.
The company's products are subject to stringent quality standards, and any failures to meet such standards may result in order cancellations, product recalls, warranty or liability claims, and could adversely affect its business, financial condition, results of operations, cash flows and reputation.
The company's manufacturing operations are concentrated in two states Karnataka and Rajasthan, exposing the company to regional and local risks. Any significant disruption in these regions could materially and adversely affect its manufacturing operations, business, financial condition, results of operations and cash flows.
Delays or gaps in required project documentation may postpone handover and payments and may adversely affect its revenues, cash flows and financial condition.
Dependence on imported critical components may increase costs and delays and may adversely affect its margins, cash flows and financial condition.
There may be an adverse impact on the company's siness, results of operations and financial condition due to implementation of the Labour Codes and other changes in labour laws.
The company's insurance coverage may be inadequate or may not respond as expected and may adversely affect its and may adversely affect the company's ability to recover losses, causing increased costs, liquidity pressures, and a negative impact on its results of operations.
Health, safety and environment incidents at work sites may cause stoppages and penalties and may adversely affect its reputation and financial conditions.
Limitations in the company's spares and service network may impact warranty and AMC performance, and may adversely affect its revenue and results of operation.
Obsolescence in controls and automation may increase costs as well as warranty exposure which can lead to adverse effect of our margins, cash flows and financial condition.
Dependence on unsecured loans from our Promoters/Promoter Group, which are repayable on demand and without security, may adversely affect our liquidity, business, results of operations and financial condition
The company is subject to restrictive covenants under our financing agreements, which may limit its operational and financial flexibility, and any failures to comply with such covenants could adversely affect the company's , financial condition, and results of operations.
Exchange rate fluctuations may adversely affect its business, financial condition, results of operations and cash flows.
The company has entered into and may enter into related party transactions in the future also, which may involve conflicts of interest and may adversely affect its results of operations.
The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements. While the company has shortlisted vendors and obtained quotations from them, the company is yet to place orders or enter into definitive agreements with the vendors in relation to such capital expenditure requirements.
The deployment of the Net Proceeds will not be subject to monitoring by any independent monitoring agency.
Objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institution and any variation in the utilization of the company's Net Proceeds as disclosed in this Draft Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
Some portions of the company's Offer Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Offer Proceed. As on date the company has not identified the use of such funds.
The company may faces construction-related risks, including delays, cost overruns, regulatory challenges, and execution issues, which could adversely affect its growth strategy, operations, and financial performance.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the Objects of the Offer. Any shortfall in raising / meeting the same could adversely affect its growth plans, business operations and financial condition.
Thecompany may not successfully implement its business strategy, which may adversely affect the company's growth, results of operations, liquidity and financial position.
Any cybersecurity breach or IT system failures may disrupt operations and may adversely affect its reputation, cash flows and financial condition
The company's Promoters hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
The objects of the Fresh Issue have not been appraised by any bank or financial institution, and any variation in the proposed utilization of Net Proceeds would require shareholders' approval.
The company has certain contingent liabilities and the company's financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The company depends on third-party transportation service providers, and any disruption or failures in such services may adversely affect its business, financial condition, results of operations, cash flows and reputation.
Effectiveness of its marketing and customer acquisition initiatives may be limited and may adversely affect the company's order inflows, revenues, cash flows and financial position
The company's Promoters and Directors have interests in the Company other than receipt of remuneration and reimbursement of expenses, which may create potential conflicts of interest.
One of its Promoters is a non-resident Indian (NRI) and due to limited physical availability in India and additional regulatory requirements, this may adversely affect governance, decision-making timelines and compliance and may adversely affect the company's results of operations, liquidity and financial position.
One of its Directors holds directorships in other companies, which may result in a potential conflict in allocation of time and may affect his ability to devote sufficient attention to the Company.
The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Offer Price.
The company has not paid any dividends in the last five Financial Years. The company's ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the Investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
The requirements of being a listed company may strain its resources and distract management.
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the EMERGE Platform of NSE Platform in a timely manner or at all.
The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares.
The company may raise additional funds through incurring debt to satisfy our capital needs, which the company may not be able to procure.
The company derives a significant portion of its revenue from limited number of customers. The loss of any customer, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows.
The company depends on a limited number of suppliers for its raw materials, and any disruption in supply or adverse change in supply terms it may materially affect the company's business.
Trade Receivables form a substantial part of the company's current assets. Failures to manage its trade receivables could have an adverse effect on the company's net sales, profitability, cash flow and liquidity. Further, the company is also exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
The company is unable to locate the Consent to Establish for its manufacturing unit at Jaipur and any inability to comply with applicable environmental laws may expose the company to regulatory action and could adversely affect its business, financial condition and results of operations.
The company's revenue is significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
The company's revenue has been on a decreasing trends for the financial year ended March 31, 2025 and March 31, 2024. This is due to a strategic shift towards higher-margin products by its. If the company is unable to secure sufficient high-margin orders or if demand for such products decreases, its revenues may continue to be adversely impacted which may adversely affect the company's financial performance.
Operating primarily in Beer and Malt Spirit Industry and dependence on a limited number of end-user industries and on customers capital expenditure decisions may reduce demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013. Further, certain transfer forms of the Company is not traceable and it has relied on alternative documentation to reconstruct the details of such transfers.
The company order book may not be a reliable indicator of its future revenues or profitability. Any shortfall in future orders or order cancellation/modification could have a material adverse impact on the company's business, financial condition, results of operations and cash flows.
There have been certain instances of delays in payment of certain statutory dues and repayment of installments of loans availed by the company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
Delays in project execution and schedule of implementation may expose it to liquidated damages and margin erosion, affecting the company's business and results of operation.
There have been instances of late payments of loan instalments. Any further delays in such payment may attract financial penalties and in turn may have a material adverse impact on the company's financial condition and cash flows.
The company requires certain approvals, licenses and permits for its operations, and failures to obtain or renew them in a timely manner may adversely affect the company's business.
The company operates its manufacturing facility at Jaipur from leased premises and any disruption or non-renewal of such leases may adversely affect the company's business.
The Company relies on contract labour for certain operations and support functions, which exposes it to several risks.
The company's ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond its control, which may adversely affect the company's business, financial condition and results of operation.
The company has certain outstanding litigation against its, Directors and Promoters an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
The Company has not obtained occupancy / completion certificates for its factory premises at Jaipur from which the company conduct its manufacturing operations and Registered Office. Any regulatory action in this regard may adversely affect the company's business operations.
Inaccurate project cost estimation or pricing may result in loss-making contracts and may adversely affect the company's margins, cash flows and financial condition.
The company operates in a highly competitive market, and increased competition may adversely affect its business, financial condition, and results of operations.
The company relies on its manufacturing facilities and any unscheduled or prolonged disruption or quality control issues at such facilities could adversely affect the company's business, financial condition, results of operations, and cash flows.
Dependence on imported critical components may increase costs and delays and may adversely affect the company's margins, cash flows and financial condition.
Health, safety and environment incidents at work sites may cause stoppages and penalties and may adversely affect the company's reputation and financial conditions.
Insufficient control over order modifications and project scope of work may lead to cost overruns and revenue loss, ultimately affecting the company profitability and cash flows.
Risks relating to the company process know-how and engineering content may lead to disputes and may adversely affect its revenues, cash flows and financial condition.
Changes in alcohol regulations and restrictions on liquor production or consumption may affect demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
The company is dependent on its Promoters and Directors, the company's other key managerial personnel, senior management personnel and employees (including qualified and skilled personnel with technical expertise) for the continued success of its business through their continuing services and strategic guidance and support and if the company is unable to recruit and retain such personnel, its business, results of operations, financial condition and cash flows may be adversely affected.
Certain sections of this Red Herring Prospectus contain information from the Credence Report which has been commissioned by the company and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
The company's business and results of operations may be adversely affected if the company is unable to secure more orders for utilizing its additional capacity following the installation of additional plant and machinery from the proceeds of the Offer.
The company is significantly dependent on its in-house design and engineering team and any inability to retain, train or attract suitably skilled personnel for these functions may adversely affect its business, operations and growth prospects.
The company's business is dependent on adequate working capital, and any inability to obtain or manage sufficient working capital may adversely affect its business, financial condition, results of operations and cash flows.
The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
The company has significant capital expenditure requirements and may requires additional financing in the future. Its inability to obtain such financing on time or on acceptable terms may adversely affect the company's business, financial condition, results of operations and cash flows.
The Company will not receive any proceeds from the Offer for Sale portion.
The company's business is subject to seasonal variations and adverse weather conditions, particularly during the monsoon season, which may adversely affect its operations and financial performance.
The company's inability to meet its obligations, including compliance with financial and other covenants under the company's debt financing arrangements, could adversely affect its business, results of operations, financial condition and cash flows.
The company's products are subject to stringent quality standards, and any failures to meet such standards may result in order cancellations, product recalls, warranty or liability claims, and could adversely affect its business, financial condition, results of operations, cash flows and reputation.
The company's manufacturing operations are concentrated in two states Karnataka and Rajasthan, exposing it to regional and local risks. Any significant disruption in these regions could materially and adversely affect the company's manufacturing operations, business, financial condition, results of operations and cash flows.
Delays or gaps in required project documentation may postpone handover and payments and may adversely affect the company's revenue, cash flows and financial condition.
There may be an adverse impact on the company's business, results of operations and financial condition due to implementation of the Labour Codes and other changes in labour laws.
The company's insurance coverage may be inadequate or may not respond as expected and may adversely affect its and may adversely affect the company's ability to recover losses, causing increased costs, liquidity pressures, and a negative impact on its results of operations.
Limitations in the company's spares and service network may impact warranty and AMC performance, and may adversely affect its revenue and results of operation.
Obsolescence in controls and automation may increase costs as well as warranty exposure which can lead to adverse effect of the company's margins, cash flows and financial condition.
Dependence on unsecured loans from the company's Promoters/Promoter Group, which are repayable on demand and without security, may adversely affect its liquidity, business, results of operations and financial condition.
The company is subject to restrictive covenants under its financing agreements, which may limit the company operational and financial flexibility, and any failures to comply with such covenants could adversely affect its business, financial condition, and results of operations.
Exchange rate fluctuations may adversely affect the company's business, financial condition, results of operations and cash flows.
The company has entered into and may enters into related party transactions in the future also, which may involve conflicts of interest and may adversely affect its results of operations.
The company intends to utilize a portion of the Net Proceeds for funding its capital expenditure requirements. While the company has shortlisted vendors and obtained quotations from them, the company is yet to place orders or enters into definitive agreements with the vendors in relation to such capital expenditure requirements.
Objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institution and any variation in the utilization of the company's Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders approval.
Some portions of the company's Offer Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Offer Proceed. As on date the company has not identified the use of such funds.
The company's directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where its directors are held liable and responsible, the company may have to appoint new directors.
A part of the Net Proceeds will be utilized for the repayment of a Term Loan availed of by the Company. Accordingly, the utilization of the Net Proceeds to the extent being used for the repayment of loan will not result in creation of any tangible assets.
The company is exposed to risks of theft, damage, or loss of goods during transit, which could materially impact its business and financial condition.
The company may faces construction-related risks, including delays, cost overruns, regulatory challenges, and execution issues, which could adversely affect its growth strategy, operations, and financial performance.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the Objects of the Offer. Any shortfall in raising / meeting the same could adversely affect its growth plans, business operations and financial condition.
The company may not successfully implement its business strategy, which may adversely affect the company's growth, results of operations, liquidity and financial position.
Any cybersecurity breach or IT system failures may disrupt operations and may adversely affect its reputation, cash flows and financial condition.
Its Promoters hold Equity Shares in the company and are therefore interested in its performance in addition to their remuneration and reimbursement of expenses.
The objects of the Fresh Issue have not been appraised by any bank or financial institution, and any variation in the proposed utilization of Net Proceeds would requires shareholders approval.
The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The company depends on third-party transportation service providers, and any disruption or failures in such services may adversely affect its business, financial condition, results of operations, cash flows and reputation.
Effectiveness of the company's marketing and customer acquisition initiatives may be limited and may adversely affect its order inflows, revenues, cash flows and financial position.
Its Promoters and Directors have interests in the Company other than receipt of remuneration and reimbursement of expenses, which may create potential conflicts of interest.
One of the company's Promoters is a non-resident Indian (NRI) and due to limited physical availability in India and additional regulatory requirements, this may adversely affect governance, decision-making timelines and compliance and may adversely affect the company's results of operations, liquidity and financial position.
One of the company's Directors holds directorships in other companies, which may result in a potential conflict in allocation of time and may affect his ability to devote sufficient attention to the Company.
The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Offer Price.
The company has not paid any dividends in the last five Financial Years. Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the Investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
The requirements of being a listed company may strain its resources and distract management.
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the EMERGE Platform of NSE Platform in a timely manner or at all.
The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares.
The company may raise additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure.

SpectraA Technology Solutions Ltd Peer Comparison

Understand the company’s industry standing

SpectraA Technology Solutions Ltd

Praj Industries Ltd

Face Value

Standalone / Consolidated

Consolidated

Total Income Rs. Cr.

103.05

3218.24

EPS-Basis

11.45

1.3

EPS-Diluted

11.45

1.3

NAV Per Share

24.58

71.23

P/E-Basic EPS

---

258.89

P/E-Diluted EPS

---

RONW(%)

46.59

1.82

Latest NAV Period

---

Latest NAV

---

Journey for how to check the allotment status

How to check the allotment status of SpectraA Technology Solutions Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 17 Sept 2026 & closes on 21 Sept 2026.

SpectraA Technology Solutions Limited, was incorporated as a Private Company on January 20, 2009 in Bengaluru and converted to a Public Limited Company on February 01, 2021. The Company provide engineering, designing, fabrication, installation, commissioning and decommissioning greenfield and brownfield projects across various industries which include, Breweries, Distilleries, Food and Beverages, Malt Spirit and Blending, Solvent Extraction Plants, FMCG and Pharmaceuticals. It also provide operator training and operations and maintenance (O&M) support. The Company works two manufacturing facilities located at Bengaluru and Jaipur with an aggregate built up area of 33,214.75 square feet. It has installed rooftop solar capacity of 100 kWp at the Malur Plant (30 kw), Jaipur Plant (50 kw) to help reduce the power cost. The Company established its first factory at Bengaluru in 2018 and further commissioned the Jaipur factory in FY23. The commissioning of the Jaipur facility in 2023 has shortened lead times, reduced freight and site mobilisation time, and in turn improved after-sales response for customers. Over the past years, Company has completed Cold Section along with 2500 HL x 4 Nos Tank Insulation and cladding work at MSIL Behror Unit for a company in Industrial/Manufacturing (nonalcohol) industry located at Alwar, Supply of Industrial Plant Machinery for Brewery Plant consisting of the below materials for a company in Brewery industry located at Kathmandu; Designing, engineering, manufacturing, supply, supervision of erection and commissioning of rice kettle with accessories and automation for a company in Brewery industry located at Gurdaspur and many more. Company has filed the Draft Prospectus with SEBI& is planning to issue 34,76,000 Equity Shares of Rs 10 each, which consist a Fresh Issue of 27,84,000 Equity Shares and the Offer for Sale of 6,92,000 Equity Shares.

SpectraA Technology Solutions Ltd IPO will close on 21 Sept 2026.

Geographical Advantage of two manufacturing facilities.
In-house Product Fabrication.
Diversified and Sustainable Order Book.
Quality Control and Compliance.
Experienced Leadership and Skilled Team.

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	A L Arun Kumar	5021798	49.77	4847798	36.32
2	Sailaja Arun Kumar	3660408	36.27	3486408	26.12
3	Praveen Kumar Appukuttan Nair	504585	5	504585	3.78
4	Divya Praveen	504585	5	504585	3.78
5	Leela Nair	90	---	90	---
6	Raman Appukuttan Nair	90	---	90	---
7	R Nalini	90	---	90	---

The company derives a significant portion of its revenue from limited number of customers. The loss of any customer, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows.
The company depends on a limited number of suppliers for its raw materials, and any disruption in supply or adverse change in supply terms it may materially affect the company's business.
A part of the Net Proceeds will be utilized for the repayment of a Term Loan availed of by the Company. Accordingly, the utilization of the Net Proceeds to the extent being used for the repayment of loan will not result in creation of any tangible assets.
The company's revenues are significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
The company's revenues have been on a decreasing trend for the last three Financial Years. This is due to a strategic shift towards higher-margin products by the Company. If the company is unable to secure sufficient high-margin orders or if demand for such products decreases, the company's revenues may continue to be adversely impacted which may adversely affect its financial performance.
Operating primarily in Beer and Malt Spirit Industry and dependence on a limited number of end-user industries and on customers' capital expenditure decisions may reduce demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013. Further, certain transfer forms of the Company are not traceable and we have relied on alternative documentation to reconstruct the details of such transfers.
The company's order book may not be a reliable indicator of its future revenues or profitability. Any shortfall in future orders or order cancellation/modification could have a material adverse impact on the company's business, financial condition, results of operations and cash flows.
Delays in project execution and schedule of implementation may expose the company to liquidated damages and margin erosion, affecting its business and results of operation.
The company requires certain approvals, licenses and permits for its operations, and failures to obtain or renew them in a timely manner may adversely affect its business.
The company is unable to locate the Consent to Establish for two of its manufacturing units and any inability to comply with applicable environmental laws may expose us to regulatory action and could adversely affect the company's business, financial condition and results of operations.
The company operates the company's manufacturing facility at Jaipur from leased premises and any disruption or non-renewal of such leases may adversely affect its business.
The company's ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond the company's control, which may adversely affect its business, financial condition and results of operation.
Thecompany has certain outstanding litigation against the Company, Directors and Promoters an adverse outcome of which may adversely affect its business, reputation and results of operations.
There have been certain instances of delays in payment of certain statutory dues and repayment of installments of loans availed by the company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on the company's financial condition and cash flows.
The Company has not obtained occupancy / completion certificates for its factory premises at Jaipur from which the company conducts the company's manufacturing operations and Registered Office. Any regulatory action in this regard may adversely affect its business operations.
Inaccurate project cost estimation or pricing may result in loss-making contracts and may adversely affect its margins, cash flows and financial condition.
The company operates in a highly competitive market, and increased competition may adversely affect its business, financial condition, and results of operations.
The company relies on its manufacturing facilities and any unscheduled or prolonged disruption or quality control issues at such facilities could adversely affect the company's business, financial condition, results of operations, and cash flows.
Insufficient control over order modifications and project scope of work may lead to cost overruns and revenue loss, ultimately affecting its profitability and cash flows.
Risks relating to the company's process know-how and engineering content may lead to disputes and may adversely affect its revenues, cash flows and financial condition.
Changes in alcohol regulations and restrictions on liquor production or consumption may affect demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
The company is dependent on its Promoters and Directors, the company's other key managerial personnel, senior management personnel and employees (including qualified and skilled personnel with technical expertise) for the continued success of its business through their continuing services and strategic guidance and support and if the company is unable to recruit and retain such personnel, the company's business, results of operations, financial condition and cash flows may be adversely affected.
Certain sections of this Draft Red Herring Prospectus contain information from the Credence Report which has been commissioned by the company and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
The company's business and results of operations may be adversely affected if the company is unable to secure more orders for utilizing its additional capacity following the installation of additional plant and machinery from the proceeds of the Offer.
The company is significantly dependent on its in-house design and engineering team and any inability to retain, train or attract suitably skilled personnel for these functions may adversely affect the company's business, operations and growth prospects.
The company's business is dependent on adequate working capital, and any inability to obtain or manage sufficient working capital may adversely affect its business, financial condition, results of operations and cash flows.
The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
The company has significant capital expenditure requirements and may requires additional financing in the future. The company's inability to obtain such financing on time or on acceptable terms may adversely affect its business, financial condition, results of operations and cash flows.
The Company will not receive any proceeds from the Offer for Sale portion.
The company's business is subject to seasonal variations and adverse weather conditions, particularly during the monsoon season, which may adversely affect its operations and financial performance.
The company's inability to meet its obligations, including compliance with financial and other covenants under its debt financing arrangements, could adversely affect the company's business, results of operations, financial condition and cash flows.
The company's products are subject to stringent quality standards, and any failures to meet such standards may result in order cancellations, product recalls, warranty or liability claims, and could adversely affect its business, financial condition, results of operations, cash flows and reputation.
The company's manufacturing operations are concentrated in two states Karnataka and Rajasthan, exposing the company to regional and local risks. Any significant disruption in these regions could materially and adversely affect its manufacturing operations, business, financial condition, results of operations and cash flows.
Delays or gaps in required project documentation may postpone handover and payments and may adversely affect its revenues, cash flows and financial condition.
Dependence on imported critical components may increase costs and delays and may adversely affect its margins, cash flows and financial condition.
There may be an adverse impact on the company's siness, results of operations and financial condition due to implementation of the Labour Codes and other changes in labour laws.
The company's insurance coverage may be inadequate or may not respond as expected and may adversely affect its and may adversely affect the company's ability to recover losses, causing increased costs, liquidity pressures, and a negative impact on its results of operations.
Health, safety and environment incidents at work sites may cause stoppages and penalties and may adversely affect its reputation and financial conditions.
Limitations in the company's spares and service network may impact warranty and AMC performance, and may adversely affect its revenue and results of operation.
Obsolescence in controls and automation may increase costs as well as warranty exposure which can lead to adverse effect of our margins, cash flows and financial condition.
Dependence on unsecured loans from our Promoters/Promoter Group, which are repayable on demand and without security, may adversely affect our liquidity, business, results of operations and financial condition
The company is subject to restrictive covenants under our financing agreements, which may limit its operational and financial flexibility, and any failures to comply with such covenants could adversely affect the company's , financial condition, and results of operations.
Exchange rate fluctuations may adversely affect its business, financial condition, results of operations and cash flows.
The company has entered into and may enter into related party transactions in the future also, which may involve conflicts of interest and may adversely affect its results of operations.
The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements. While the company has shortlisted vendors and obtained quotations from them, the company is yet to place orders or enter into definitive agreements with the vendors in relation to such capital expenditure requirements.
The deployment of the Net Proceeds will not be subject to monitoring by any independent monitoring agency.
Objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institution and any variation in the utilization of the company's Net Proceeds as disclosed in this Draft Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
Some portions of the company's Offer Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Offer Proceed. As on date the company has not identified the use of such funds.
The company may faces construction-related risks, including delays, cost overruns, regulatory challenges, and execution issues, which could adversely affect its growth strategy, operations, and financial performance.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the Objects of the Offer. Any shortfall in raising / meeting the same could adversely affect its growth plans, business operations and financial condition.
Thecompany may not successfully implement its business strategy, which may adversely affect the company's growth, results of operations, liquidity and financial position.
Any cybersecurity breach or IT system failures may disrupt operations and may adversely affect its reputation, cash flows and financial condition
The company's Promoters hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
The objects of the Fresh Issue have not been appraised by any bank or financial institution, and any variation in the proposed utilization of Net Proceeds would require shareholders' approval.
The company has certain contingent liabilities and the company's financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The company depends on third-party transportation service providers, and any disruption or failures in such services may adversely affect its business, financial condition, results of operations, cash flows and reputation.
Effectiveness of its marketing and customer acquisition initiatives may be limited and may adversely affect the company's order inflows, revenues, cash flows and financial position
The company's Promoters and Directors have interests in the Company other than receipt of remuneration and reimbursement of expenses, which may create potential conflicts of interest.
One of its Promoters is a non-resident Indian (NRI) and due to limited physical availability in India and additional regulatory requirements, this may adversely affect governance, decision-making timelines and compliance and may adversely affect the company's results of operations, liquidity and financial position.
One of its Directors holds directorships in other companies, which may result in a potential conflict in allocation of time and may affect his ability to devote sufficient attention to the Company.
The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Offer Price.
The company has not paid any dividends in the last five Financial Years. The company's ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the Investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
The requirements of being a listed company may strain its resources and distract management.
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the EMERGE Platform of NSE Platform in a timely manner or at all.
The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares.
The company may raise additional funds through incurring debt to satisfy our capital needs, which the company may not be able to procure.
The company derives a significant portion of its revenue from limited number of customers. The loss of any customer, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows.
The company depends on a limited number of suppliers for its raw materials, and any disruption in supply or adverse change in supply terms it may materially affect the company's business.
Trade Receivables form a substantial part of the company's current assets. Failures to manage its trade receivables could have an adverse effect on the company's net sales, profitability, cash flow and liquidity. Further, the company is also exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
The company is unable to locate the Consent to Establish for its manufacturing unit at Jaipur and any inability to comply with applicable environmental laws may expose the company to regulatory action and could adversely affect its business, financial condition and results of operations.
The company's revenue is significantly dependent on certain geographical regions, and any adverse developments in these regions could adversely impact its business, financial condition and results of operations.
The company's revenue has been on a decreasing trends for the financial year ended March 31, 2025 and March 31, 2024. This is due to a strategic shift towards higher-margin products by its. If the company is unable to secure sufficient high-margin orders or if demand for such products decreases, its revenues may continue to be adversely impacted which may adversely affect the company's financial performance.
Operating primarily in Beer and Malt Spirit Industry and dependence on a limited number of end-user industries and on customers capital expenditure decisions may reduce demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013. Further, certain transfer forms of the Company is not traceable and it has relied on alternative documentation to reconstruct the details of such transfers.
The company order book may not be a reliable indicator of its future revenues or profitability. Any shortfall in future orders or order cancellation/modification could have a material adverse impact on the company's business, financial condition, results of operations and cash flows.
There have been certain instances of delays in payment of certain statutory dues and repayment of installments of loans availed by the company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
Delays in project execution and schedule of implementation may expose it to liquidated damages and margin erosion, affecting the company's business and results of operation.
There have been instances of late payments of loan instalments. Any further delays in such payment may attract financial penalties and in turn may have a material adverse impact on the company's financial condition and cash flows.
The company requires certain approvals, licenses and permits for its operations, and failures to obtain or renew them in a timely manner may adversely affect the company's business.
The company operates its manufacturing facility at Jaipur from leased premises and any disruption or non-renewal of such leases may adversely affect the company's business.
The Company relies on contract labour for certain operations and support functions, which exposes it to several risks.
The company's ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond its control, which may adversely affect the company's business, financial condition and results of operation.
The company has certain outstanding litigation against its, Directors and Promoters an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
The Company has not obtained occupancy / completion certificates for its factory premises at Jaipur from which the company conduct its manufacturing operations and Registered Office. Any regulatory action in this regard may adversely affect the company's business operations.
Inaccurate project cost estimation or pricing may result in loss-making contracts and may adversely affect the company's margins, cash flows and financial condition.
The company operates in a highly competitive market, and increased competition may adversely affect its business, financial condition, and results of operations.
The company relies on its manufacturing facilities and any unscheduled or prolonged disruption or quality control issues at such facilities could adversely affect the company's business, financial condition, results of operations, and cash flows.
Dependence on imported critical components may increase costs and delays and may adversely affect the company's margins, cash flows and financial condition.
Health, safety and environment incidents at work sites may cause stoppages and penalties and may adversely affect the company's reputation and financial conditions.
Insufficient control over order modifications and project scope of work may lead to cost overruns and revenue loss, ultimately affecting the company profitability and cash flows.
Risks relating to the company process know-how and engineering content may lead to disputes and may adversely affect its revenues, cash flows and financial condition.
Changes in alcohol regulations and restrictions on liquor production or consumption may affect demand for the company's products and may adversely affect its revenues, cash flows and financial condition.
The company is dependent on its Promoters and Directors, the company's other key managerial personnel, senior management personnel and employees (including qualified and skilled personnel with technical expertise) for the continued success of its business through their continuing services and strategic guidance and support and if the company is unable to recruit and retain such personnel, its business, results of operations, financial condition and cash flows may be adversely affected.
Certain sections of this Red Herring Prospectus contain information from the Credence Report which has been commissioned by the company and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
The company's business and results of operations may be adversely affected if the company is unable to secure more orders for utilizing its additional capacity following the installation of additional plant and machinery from the proceeds of the Offer.
The company is significantly dependent on its in-house design and engineering team and any inability to retain, train or attract suitably skilled personnel for these functions may adversely affect its business, operations and growth prospects.
The company's business is dependent on adequate working capital, and any inability to obtain or manage sufficient working capital may adversely affect its business, financial condition, results of operations and cash flows.
The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
The company has significant capital expenditure requirements and may requires additional financing in the future. Its inability to obtain such financing on time or on acceptable terms may adversely affect the company's business, financial condition, results of operations and cash flows.
The Company will not receive any proceeds from the Offer for Sale portion.
The company's business is subject to seasonal variations and adverse weather conditions, particularly during the monsoon season, which may adversely affect its operations and financial performance.
The company's inability to meet its obligations, including compliance with financial and other covenants under the company's debt financing arrangements, could adversely affect its business, results of operations, financial condition and cash flows.
The company's products are subject to stringent quality standards, and any failures to meet such standards may result in order cancellations, product recalls, warranty or liability claims, and could adversely affect its business, financial condition, results of operations, cash flows and reputation.
The company's manufacturing operations are concentrated in two states Karnataka and Rajasthan, exposing it to regional and local risks. Any significant disruption in these regions could materially and adversely affect the company's manufacturing operations, business, financial condition, results of operations and cash flows.
Delays or gaps in required project documentation may postpone handover and payments and may adversely affect the company's revenue, cash flows and financial condition.
There may be an adverse impact on the company's business, results of operations and financial condition due to implementation of the Labour Codes and other changes in labour laws.
The company's insurance coverage may be inadequate or may not respond as expected and may adversely affect its and may adversely affect the company's ability to recover losses, causing increased costs, liquidity pressures, and a negative impact on its results of operations.
Limitations in the company's spares and service network may impact warranty and AMC performance, and may adversely affect its revenue and results of operation.
Obsolescence in controls and automation may increase costs as well as warranty exposure which can lead to adverse effect of the company's margins, cash flows and financial condition.
Dependence on unsecured loans from the company's Promoters/Promoter Group, which are repayable on demand and without security, may adversely affect its liquidity, business, results of operations and financial condition.
The company is subject to restrictive covenants under its financing agreements, which may limit the company operational and financial flexibility, and any failures to comply with such covenants could adversely affect its business, financial condition, and results of operations.
Exchange rate fluctuations may adversely affect the company's business, financial condition, results of operations and cash flows.
The company has entered into and may enters into related party transactions in the future also, which may involve conflicts of interest and may adversely affect its results of operations.
The company intends to utilize a portion of the Net Proceeds for funding its capital expenditure requirements. While the company has shortlisted vendors and obtained quotations from them, the company is yet to place orders or enters into definitive agreements with the vendors in relation to such capital expenditure requirements.
Objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institution and any variation in the utilization of the company's Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders approval.
Some portions of the company's Offer Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Offer Proceed. As on date the company has not identified the use of such funds.
The company's directors does not have any prior experience of being a director in any other listed company in India and this may present certain potential challenges for the Company and in the event of any material non-compliance where its directors are held liable and responsible, the company may have to appoint new directors.
A part of the Net Proceeds will be utilized for the repayment of a Term Loan availed of by the Company. Accordingly, the utilization of the Net Proceeds to the extent being used for the repayment of loan will not result in creation of any tangible assets.
The company is exposed to risks of theft, damage, or loss of goods during transit, which could materially impact its business and financial condition.
The company may faces construction-related risks, including delays, cost overruns, regulatory challenges, and execution issues, which could adversely affect its growth strategy, operations, and financial performance.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the Objects of the Offer. Any shortfall in raising / meeting the same could adversely affect its growth plans, business operations and financial condition.
The company may not successfully implement its business strategy, which may adversely affect the company's growth, results of operations, liquidity and financial position.
Any cybersecurity breach or IT system failures may disrupt operations and may adversely affect its reputation, cash flows and financial condition.
Its Promoters hold Equity Shares in the company and are therefore interested in its performance in addition to their remuneration and reimbursement of expenses.
The objects of the Fresh Issue have not been appraised by any bank or financial institution, and any variation in the proposed utilization of Net Proceeds would requires shareholders approval.
The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The company depends on third-party transportation service providers, and any disruption or failures in such services may adversely affect its business, financial condition, results of operations, cash flows and reputation.
Effectiveness of the company's marketing and customer acquisition initiatives may be limited and may adversely affect its order inflows, revenues, cash flows and financial position.
Its Promoters and Directors have interests in the Company other than receipt of remuneration and reimbursement of expenses, which may create potential conflicts of interest.
One of the company's Promoters is a non-resident Indian (NRI) and due to limited physical availability in India and additional regulatory requirements, this may adversely affect governance, decision-making timelines and compliance and may adversely affect the company's results of operations, liquidity and financial position.
One of the company's Directors holds directorships in other companies, which may result in a potential conflict in allocation of time and may affect his ability to devote sufficient attention to the Company.
The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Offer Price.
The company has not paid any dividends in the last five Financial Years. Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the Investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
The requirements of being a listed company may strain its resources and distract management.
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the EMERGE Platform of NSE Platform in a timely manner or at all.
The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares.
The company may raise additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure.

The Issue type of SpectraA Technology Solutions Ltd is Book Building - SME.

The minimum application for shares of SpectraA Technology Solutions Ltd is 2400.

The total shares issue of SpectraA Technology Solutions Ltd is 3603600.

Initial public offer of upto 36,03,600 equity shares of face value of Rs. 10/- each of Spectraa Technology Solutions Limited (the "Company" or the "Issuer") for cash at an offer price of Rs. 112-118 per equity share including a share premium of Rs. 102-108 per equity share (the "Offer Price") comprising of a fresh issue of upto 32,55,600 equity shares of face value of Rs. 10/- each aggregating to Rs. 36.47-38.42 Crores (the "Fresh Issue") and an offer for sale of upto 3,48,000 equity shares of face value of Rs. 10/- each comprising of upto 1,74,000 equity shares of face value of Rs.10/- each by A L Arun Kumar and upto 1,74,000 equity shares of face value of Rs.10/- each by Sailaja Arun Kumar ("the Selling Shareholders or "Promoter Selling Shareholders") ("Offer for Sale") aggregating to Rs. 3.90-4.1 Crores, of which 1,82,400 equity shares of face value of Rs. 10/- each for aggregating to Rs. 2.04-2.15 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The public offer less the market maker reservation portion i.e. Net offer of 34,21,200 equity shares of face value of Rs. 10/- each aggregating to Rs. 38.32-40.37 Crores is hereinafter referred to as the "Net Offer". The public offer and the net offer will constitute upto 27.00% and 25.64%, respectively, of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 112 to Rs. 118 per equity share of face value of Rs. 10/- each. The floor price is 11.20 times the face value of the equity shares and the cap price is 11.80 times the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

SpectraA Technology Solutions Ltd IPO

Objectives of SpectraA Technology Solutions Ltd IPO