Spectraa Technology Solutions
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 114.96×
- Big non-institutionalbNII · above ₹10 lakh
- 399.44×
- Small non-institutionalsNII · ₹2–10 lakh
- 273.50×
- Retail individualRII · up to ₹2 lakh
- 254.85×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 14 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 24 Sep 2026 | ₹81 | — | ₹73,900 | ₹199 | ₹97,200 |
| 23 Sep 2026 | ₹81 | — | ₹73,900 | ₹199 | ₹97,200 |
| 22 Sep 2026 | ₹73 | — | ₹66,600 | ₹191 | ₹87,600 |
| 21 Sep 2026 | ₹67 | — | ₹61,100 | ₹185 | ₹80,400 |
| 20 Sep 2026 | ₹45 | — | ₹41,000 | ₹163 | ₹54,000 |
| 19 Sep 2026 | ₹45 | — | ₹41,000 | ₹163 | ₹54,000 |
| 18 Sep 2026 | ₹45 | — | ₹41,000 | ₹163 | ₹54,000 |
| 17 Sep 2026 | ₹30 | +25.42% | ₹27,400 | ₹148 | ₹36,000 |
| 16 Sep 2026 | ₹50 | +42.37% | ₹45,600 | ₹168 | ₹60,000 |
| 15 Sep 2026 | ₹50 | +42.37% | ₹45,600 | ₹168 | ₹60,000 |
| 14 Sep 2026 | ₹44 | +37.29% | — | ₹162 | ₹52,800 |
| 13 Sep 2026 | ₹27 | +22.88% | ₹24,600 | ₹145 | ₹32,400 |
| 12 Sep 2026 | ₹0 | 0.00% | ₹0 | ₹118 | ₹0 |
| 11 Sep 2026 | ₹0 | 0.00% | ₹0 | ₹118 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 6,84,000 | 12,62,30,400 | ₹1,490 Cr | 184.55× |
| Non-institutional | 5,14,800 | 22,73,65,200 | ₹2,683 Cr | 441.66× |
| Big non-institutionalwithin NII | 3,43,200 | 16,73,34,000 | ₹1,975 Cr | 487.57× |
| Small non-institutionalwithin NII | 1,71,600 | 6,00,31,200 | ₹708 Cr | 349.83× |
| Retail individual | 11,97,600 | 37,50,50,400 | ₹4,426 Cr | 313.17× |
| Total | 23,96,400 | 72,86,38,800 | ₹8,598 Cr | 304.06× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 21 Sept, 06:56 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 17 Sep 2026 – 21 Sep 2026
- Listing date
- 24 Sep 2026
- Face value
- ₹10 per share
- Price band
- ₹112 – ₹118
- Issue price
- ₹118 per share
- Lot size
- 1,200 shares
- Sale type
- Fresh capital cum OFS
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹42.52 Cr
- Fresh issue
- ₹36.26 Cr 30,73,200 shares
- Offer for sale
- ₹4.11 Cr 3,48,000 shares
- Market cap at offer price
- ₹158 Cr
- Promoter holding
- 96.04% → 70.00% pre-issue → post-issue
- ISIN
- INE0GAN01010
- CIN
- U74999KA2009PLC048905
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Indcap Advisors Pvt.Ltd.
- Registered office
- 17/7 Ali Asker Road, Cunningham Rd, Bangalore G.P.O, Bangalore North, Karnataka, India, 560001
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 6,84,000 | 28.54% | 26.52% |
| Anchor investor · within QIB | 10,24,800 | — | 39.74% |
| NII (HNI) | 5,14,800 | 21.48% | 19.96% |
| bNII > ₹10L · within NII | 3,43,200 | — | 13.31% |
| sNII < ₹10L · within NII | 1,71,600 | — | 6.65% |
| Retail (RII) | 11,97,600 | 49.97% | 46.44% |
| Employee | 0 | — | 0.00% |
| Market maker | 1,82,400 | — | 7.07% |
| Total issue | 25,78,800 | — | 100.00% |
Net offer to the public of 23,96,400 shares, out of a total issue of 25,78,800. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,200 shares per lot, in multiples, at ₹118
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,41,600 |
| S-HNI (min) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (min) | 8 | 9,600 | ₹11,32,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹118 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 11.45 | 8.66 |
| P/E (×) | 10.31 | 13.63 |
| Price to book (×) | 4.80 | — |
| Market cap | — | ₹158 Cr |
Key performance indicators
Latest reported period, consolidated
- Return on net worth
- 46.59%
- ROCE
- 37.61%
- Debt / equity
- 1.09
- PAT margin
- 11.42%
- EBITDA margin
- 19.04%
- NAV per share
- ₹24.58
- Price to book
- 4.80
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Consolidated ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 103.05 | 75.53 | 89.68 |
| Revenue from operations | 101.16 | 75.17 | 88.96 |
| Other income | 1.88 | 0.36 | 0.72 |
| Total expenses | 87.57 | 68.03 | 86.85 |
| Operating profit | 15.48 | 7.5 | 2.83 |
| Operating margin | 15.02% | 9.93% | 3.16% |
| Profit before tax | 15.48 | 7.5 | 2.83 |
| Profit after tax | 11.56 | 4.91 | 2 |
| PAT margin | 11.22% | 6.50% | 2.23% |
| Balance sheet | |||
| Total assets | 106.29 | 100 | 66.64 |
| Current assets | 85.75 | 86.94 | 57.47 |
| Current liabilities | 67.08 | 82.27 | 54.17 |
| Total liabilities | 81.32 | 86.88 | 58.46 |
| Net worth | 24.81 | 13.12 | 8.18 |
| Current ratio | 1.28× | 1.06× | 1.06× |
| Return on equity | 46.59% | 37.42% | 24.45% |
| Cash flow | |||
| Operating cash flow | 7.98 | 0.6 | 0.62 |
| Investing cash flow | -8.86 | -4.48 | -2.04 |
| Financing cash flow | 5.79 | 0.85 | 1.87 |
| Net cash flow | 4.92 | -3.02 | 0.45 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Capital Expenditure at Jaipur manufacturing facility ₹11 Cr
The company proposes to expand its existing manufacturing area at Jaipur facility by an additional sq. ft. to enhance production capacity and enable efficient execution of current order book as well as upcoming projects. The expansion includes civil work, factory shed construction, and procurement of plant and machinery.
2 Repayment of Term Loans availed by the Company ₹6.48 Cr
The company intends to utilize the proceeds towards repayment/prepayment of certain outstanding borrowings to help reduce outstanding indebtedness, debt servicing costs and improve debt-to-equity ratio, thereby enabling utilization of internal accruals for further investments in business growth.
3 Working Capital requirements ₹9.50 Cr
The company requires working capital primarily for procurement of raw materials such as sheet metal, copper sheet, pipes and tubes. As the company continues to expand production capacity and cater to increasing demand, working capital requirements are expected to grow in tandem with manufacturing expansion.
4 General Corporate Purposes —
The company intends to deploy the balance proceeds towards general corporate purposes including meeting operating expenses, initial development costs for projects, strengthening business development and marketing capabilities, meeting exigencies, and other purposes as approved by the Board of Directors.
1 of 4 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Spectraa Technology Solutions
SpectraA Technology Solutions Limited (formerly SpectraA Technology Solutions Private Limited) is a Bangalore-based engineering and manufacturing company incorporated on January 20, 2009, and converted to a public limited company on February 01, 2021. The Company designs, fabricates, supplies, and commissions process equipment, tanks, and automation systems for breweries, distilleries, and other process industries. Operating from manufacturing facilities in Karnataka and Rajasthan, the Company delivers both turnkey and non-turnkey solutions involving engineering, fabrication, installation, and commissioning. The Company generates revenue through project-based contracts with customers in food & beverages, malt spirit & blending plants, craft breweries, microbreweries, FMCG, and pharmaceutical sectors. For FY 2026, the Company reported revenue from operations of ₹10,116.21 lakhs with a PAT of ₹1,155.71 lakhs, showing 34.58% YoY growth in revenues.
Management
A L Arun Kumar
MD
Sailaja Arun Kumar
Director
Venkatraman Murali
COO
Shital Darak Mandhana
Director
Sheela Arvind
Director
Kalpundi Narayanamurthy Gopalakrishnan
Director
Anandi Viswanathan
CFO
Mona Poddar
Director of Operations
Arun K
Director of HR
Binodh Meethal Raman
VP of Sales
Strengths
As stated in the offer document
Geographical Advantage of two manufacturing facilities
The company operates two manufacturing facilities – one in Bengaluru and one in Jaipur, providing strategic coverage for southern, western and northern India with access to multiple logistics corridors for exports.
In-house Product Fabrication
The company fabricates all equipment in-house from design to final assembly, covering cutting, rolling, welding, passivation, pressure testing, and factory acceptance testing before dispatch, enabling customization and quality control.
Diversified and Sustainable Order Book
The company's order pipeline is anchored by existing and repeat customers across breweries, distilleries, malt spirit, extraction, food and beverage sectors. As of August 25, 2026, order book stands at ₹ 8,129.61 lakhs.
Quality Control and Compliance
The company applies quality checks across the production lifecycle with ISO 9001:2015 compliance. The company has not had any warranty claims during the period ended September 30, 2025 and FAT success ratio has been 100%.
Experienced Leadership and Skilled Team
The company's Chairman and Managing Director has 21 years of industry experience. The company maintains a higher ratio of technical staff to total employees (90% as of August 31, 2026) essential for engineering-intensive business operations.
Risk factors
As stated in the offer document
Customer Concentration Risk
The company derives a significant portion of revenue from a limited number of customers, with top 5 customers accounting for 46.75% of total revenue in Fiscal 2026. Loss of any major customer could materially impact business operations and financial performance.
Supplier Dependency Risk
The company relies on a limited number of suppliers for raw materials, with top 10 suppliers accounting for 43.35% of total purchases in Fiscal 2026. Any supply disruption or adverse changes in supply terms could materially affect business operations.
Trade Receivables and Cash Flow Risk
Trade receivables form a substantial part of current assets with ₹4,446.70 lakhs outstanding as of March 31, 2026. Around 10% of receivables are contingent on project completion, creating cash flow mismatches and liquidity risks.
Environmental Compliance Risk
The company is unable to locate the Consent to Establish for its Jaipur manufacturing unit. This may subject the company to regulatory scrutiny, penalties, or suspension of operations under applicable environmental laws.
Geographic Revenue Concentration Risk
The company derives over 57% of revenue from customers in specific states (Maharashtra, Goa, Uttarakhand, Karnataka, etc.). Any adverse developments in these regions could significantly impact operations and financial performance.
Revenue Decline and Strategic Shift Risk
The company's revenues decreased in FY 2025 and FY 2024 due to strategic shift towards higher-margin products. If the company cannot secure sufficient high-margin orders, revenues may continue to be adversely impacted.
Industry Dependency and Regulatory Risk
The company operates primarily in Beer and Malt Spirit Industry. Changes in government regulations, prohibition policies, or demand slowdown in these sectors could significantly reduce order inflows and affect capacity utilization.
Statutory Compliance and Payment Delays Risk
The company has instances of delays in filing statutory forms and payment of dues including GST, PF, ESI contributions. Future delays may attract financial penalties and impact cash flows and financial condition.
Project Execution and Liquidated Damages Risk
Delays in project execution may expose the company to liquidated damages, margin erosion, and contractual remedies. Execution timelines can be affected by factors beyond the company's control including site readiness and supply chain disruptions.
Order Book Reliability Risk
As of August 25, 2026, the company had confirmed orders of ₹8,129.61 lakhs, but order book is subject to uncertainties including scope modifications, customer requirement changes, and potential cancellations that could impact future revenues.
Company Analysis
from RHPSpectraA Technology Solutions Limited manufactures and supplies process equipment, skids, and automation systems for the beer, malt spirit, food & beverages, pharmaceutical, and distillery industries.
SpectraA Technology Solutions Limited (formerly SpectraA Technology Solutions Private Limited) is a Bangalore-based engineering and manufacturing company incorporated on January 20, 2009, and converted to a public limited company on February 01, 2021. The Company designs, fabricates, supplies, and commissions process equipment, tanks, and automation systems for breweries, distilleries, and other process industries. Operating from manufacturing facilities in Karnataka and Rajasthan, the Company delivers both turnkey and non-turnkey solutions involving engineering, fabrication, installation, and commissioning. The Company generates revenue through project-based contracts with customers in food & beverages, malt spirit & blending plants, craft breweries, microbreweries, FMCG, and pharmaceutical sectors. For FY 2026, the Company reported revenue from operations of ₹10,116.21 lakhs with a PAT of ₹1,155.71 lakhs, showing 34.58% YoY growth in revenues.
Objects of the Issue
- Not specified in this section p.11
- Funding capital expenditure for the purchase and installation of additional plant and machinery at the manufacturing facility at Jaipur ₹1,100.00 lakhs p.56
- Funding working capital requirements ₹950 lakhs p.57
- Repayment or prepayment of borrowings ₹647.72 lakhs p.63
- General corporate purposes p.62
- Capital Expenditure at Jaipur manufacturing facility Up to ₹1,100.00 Lakhs p.118
- Repayment of Term Loans availed by our Company Up to ₹647.72 Lakhs p.118
- Working Capital requirements Up to ₹950.00 Lakhs p.118
- General Corporate Purposes p.118
- Offer Expenses p.117
- Capital expenditure for setting up and/or expansion of manufacturing facilities including purchase of machinery and equipment
- Funding capex - The exact objects are not explicitly stated in this part of the document with specific allocation to uses ₹2,697.72 lakhs (to be funded from IPO proceeds) p.339
Issue Structure
- Total Issue
- Upto 36,03,600 Equity Shares aggregating to ₹ [●] Lakhs
- Fresh Issue
- Upto 32,55,600 Equity Shares aggregating to ₹ [●] Lakhs
- Offer for Sale
- Upto 3,48,000 Equity Shares aggregating to ₹ [●] Lakhs
- Price Band
- ₹ [●] per Equity Share (Floor Price) and ₹ [●] per Equity Share (Cap Price)
- Lot Size
- Minimum 2,400 Equity Shares and in multiples of 1,200 Equity Shares thereafter; Bid Lot of 1,200
- Face Value
- ₹ 10 each
Business Model
The Company earns revenue through design, fabrication, supply, and installation of process equipment and automation systems. Revenue is derived from project-based contracts where the Company undertakes turnkey and non-turnkey projects. Payment is structured around project milestones including design approval, fabrication completion, factory acceptance tests, installation, commissioning, and post-commissioning support. The Company operates with a working capital-intensive model dependent on trade receivables collection.
Business Segments
SWOT Analysis
- • Established player in beer and malt spirit equipment manufacturing with long-standing customer relationships(p.31)
- • Improved profit margins through strategic shift to higher-margin products(p.31)
- • Revenue recovery and growth trajectory in FY2026(p.31)
- • Significant improvement in profitability metrics(p.31)
- • Dual manufacturing facilities in high-demand regions(p.172)
- • In-house equipment fabrication with quality control(p.173)
- • Diversified customer base across industries and geographies(p.173)
- • Strong order book with revenue visibility(p.173)
- • Market leadership position in India(p.159)
- • Experienced leadership with deep industry expertise(p.173)
- • Strong financial performance with growing profitability(p.171)
- • Repeat customer revenue indicating confidence(p.183)
- • Experienced management with industry expertise(p.236)
- • Strong financial performance and profitability growth(p.253)
- • Diverse revenue streams from both products and services(p.267)
- • Established board with independent directors(p.217)
- • Strong international presence with export operations(p.267)
- • Long-standing ISO 9001:2015 certified systems and 16+ years of operational history(p.294)
- • Full turnkey project execution capability covering entire project lifecycle(p.294)
- • Dual manufacturing facilities with diversified geographic presence(p.294)
- • Strong financial performance with 135.18% PAT growth and improving margins(p.303)
- • Significant revenue growth and orderbook expansion(p.301)
- • Strong return on equity and capital efficiency(p.295)
- • Strategic shift to high-margin customer focus improving profitability(p.306)
- • Heavy dependence on a limited number of customers for revenue(p.26)
- • Reliance on limited supplier base for raw materials with no long-term agreements(p.27)
- • Significant working capital tied up in trade receivables(p.27)
- • Unable to locate Consent to Establish for Jaipur manufacturing unit(p.29)
- • Persistent delays in statutory compliance and filing(p.31)
- • Substantial history of late payments of statutory dues(p.35)
- • Dependence on contract labour from related party(p.51)
- • Outstanding litigation against company, promoters, and directors(p.51)
- • Lack of occupancy/completion certificates for manufacturing facilities(p.52)
- • Risk of inaccurate project cost estimation leading to loss-making contracts(p.53)
- • Dependence on imported critical components with supply and cost risks(p.53)
- • Dependence on key personnel and promoters with limited succession planning(p.55)
- • Limited availability of skilled design and engineering personnel(p.56)
- • Significant working capital requirements with growing gap(p.57)
- • Concentrated manufacturing operations in two states(p.59)
- • Dependence on unsecured promoter loans repayable on demand(p.61)
- • Outstanding debt with restrictive covenants limiting operational flexibility(p.58)
- • High customer concentration risk(p.184)
- • Heavy dependence on top supplier(p.182)
- • Raw materials representing significant cost burden(p.182)
- • Limited export presence compared to domestic revenue(p.170)
- • Small workforce relative to operations(p.191)
- • High debt levels relative to equity(p.272)
- • Significant long-term borrowings creating financial leverage(p.262)
- • Contingent tax liabilities pending resolution(p.270)
- • Concentration of promoter shareholding(p.261)
- • Aging trade receivables with extended payment cycles(p.266)
- • Heavy dependence on limited customer base for revenue generation(p.295)
- • Elevated leverage with debt-to-equity ratio of 1.09(p.276)
- • Significant reliance on limited supplier base for raw materials(p.295)
- • Substantial trade receivables concentration and collection risk(p.295)
- • Missing Consent to Establish for Jaipur manufacturing facility(p.295)
- • High finance costs increased 83.91% due to increased borrowings(p.303)
- • Outstanding GST and other tax liabilities for group companies(p.318)
- • Growing domestic demand in beer and malt spirit industry(p.29)
- • Expansion into new geographical markets(p.30)
- • Diversification across customer industries and sectors(p.31)
- • Export market development with current presence in 10+ countries(p.29)
- • Expansion of manufacturing capacity at Jaipur facility(p.63)
- • Working capital funding for business growth(p.57)
- • Debt reduction to improve financial flexibility(p.63)
- • Large addressable market in beer and malt equipment with strong CAGR growth(p.148)
- • Rapid growth in craft beer and premium segments(p.149)
- • Rising demand for specialized equipment across multiple equipment types(p.149)
- • Growing cooling, filtration and storage equipment market(p.160)
- • Craft beer movement driving in-house malting(p.160)
- • Rising malt spirit consumption and premium whisky demand(p.162)
- • Brewery segment attractiveness with high growth potential(p.162)
- • Market expansion through automation and controls(p.174)
- • Modular product strategy for scale(p.174)
- • Export market growth in Asia and Europe(p.162)
- • India established as premier beverage investment destination(p.158)
- • Geographic expansion through established international operations(p.255)
- • Growth in high-margin service revenue(p.267)
- • Expansion in emerging sectors like craft breweries and food processing(p.255)
- • Leverage existing customer relationships for cross-selling(p.219)
- • Expanding international orderbook with confirmed large German customer order(p.306)
- • Growing demand for higher-margin customized turnkey projects(p.306)
- • Significant international order opportunities with 56.32% of orderbook from international markets(p.296)
- • Gross profit margin improvement potential through high-margin product focus(p.306)
- • Capital infrastructure investment enabling operational efficiency and margin expansion(p.302)
- • Diversification into new geographical markets and customer segments(p.295)
- • Cyclicality and policy changes in beer and malt spirit industry(p.31)
- • Supply chain disruptions and commodity price volatility(p.27)
- • Economic slowdown affecting customer capex decisions(p.31)
- • Geographical concentration risk in specific Indian states(p.28)
- • Project execution delays triggering liquidated damages(p.48)
- • Regulatory and environmental compliance risks(p.29)
- • Customer concentration risk with potential for order cancellations(p.26)
- • Unreliability of order book as indicator of future revenue(p.33)
- • Highly competitive and fragmented market(p.53)
- • Risk of facility disruptions affecting manufacturing(p.53)
- • Health, safety and environment incidents causing stoppages(p.54)
- • Intellectual property risks and disputes(p.54)
- • Changes in alcohol regulations affecting key customer base(p.54)
- • Seasonal variations and adverse monsoon weather conditions(p.58)
- • Power supply interruptions affecting operations(p.57)
- • Dependence on third-party transportation providers(p.66)
- • Indian economic and political factors beyond company control(p.70)
- • Global financial instability affecting Indian markets(p.71)
- • Exchange rate fluctuations impacting export revenues(p.61)
- • Labour law changes increasing compliance costs(p.60)
- • Regulatory complexity and state-specific alcohol policies create operational constraints(p.150)
- • High capital investment and operational costs limit market adoption(p.150)
- • Raw material and commodity price volatility impacts equipment costs(p.154)
- • Highly fragmented and competitive market(p.190)
- • Strong buyer bargaining power(p.190)
- • High taxation and state-level regulatory fragmentation(p.162)
- • Supply chain disruptions and logistics variability(p.190)
- • High entry barriers and capital intensity in malt spirits(p.162)
- • Dependence on third-party logistics without long-term contracts(p.190)
- • Raw material price volatility and supply dependency(p.182)
- • Dependence on brewery and distillery industry cyclicality(p.255)
- • Foreign exchange volatility affecting export operations(p.254)
- • Regulatory and tax compliance challenges(p.270)
- • Rising financing costs impacting profitability(p.268)
- • Competition in engineering services and project execution(p.255)
- • Geographic revenue concentration risk with potential adverse regional developments(p.295)
- • Raw material price volatility and inflationary pressures(p.302)
- • Seasonal business variations and monsoon-related disruptions(p.312)
- • Industry cyclicality and economic sensitivity(p.311)
- • Outstanding tax and regulatory compliance matters affecting group companies(p.318)
- • Regulatory and environmental compliance risks at multiple facilities(p.295)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| A L Arun Kumar | Promoter/Promoter Selling Shareholder | — | — |
| Sailaja Arun Kumar | Promoter/Promoter Selling Shareholder | — | — |
| Praveen Kumar Appukuttan Nair Leela | Promoter | — | — |
| Divya Praveen | Promoter | — | — |
| A L Arun Kumar | Promoter | 49.77% | — |
| Sailaja Arun Kumar | Promoter | 36.27% | — |
| Praveen Kumar Appukuttan Nair Leela | Promoter | 5.00% | — |
| Divya Praveen | Promoter | 5.00% | — |
| A L Arun Kumar | Promoter | 49.77% | 36.32% |
| Sailaja Arun Kumar | Promoter | 36.27% | 26.12% |
| Praveen Kumar Appukuttan Nair Leela | Promoter | 5.00% | 3.78% |
| Divya Praveen | Promoter | 5.00% | 3.78% |
| Leela Nair | Promoter Group | Negligible | Negligible |
| Raman Appukuttan Nair | Promoter Group | Negligible | Negligible |
| R Nalini | Promoter Group | Negligible | Negligible |
| A L Arun Kumar | Promoter | — | — |
| Sailaja Arun Kumar | Promoter | — | — |
| Praveen Kumar Appukuttan Nair Leela | Promoter | — | — |
| Divya Praveen | Promoter | — | — |
| A L Arun Kumar | Promoter | 49.77% | — |
| Sailaja Arun Kumar | Promoter | 36.27% | — |
| Praveen Kumar Appukuttan Nair Leela | Promoter | 5.00% | — |
| Divya Praveen | Promoter | 5.00% | — |
| A L Arun Kumar | Promoter/Promoter Group | 50,21,798 equity shares (not stated as percentage) | — |
| Sailaja Arun Kumar | Promoter/Promoter Group | 36,60,408 equity shares (not stated as percentage) | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Spectraa Technology Solutions Ltd. THIS ISSUE | 11.45 | 24.58 | 13.63, computed at the offer price | 4.80, computed at the offer price | 46.59% |
| 1.30 | 71.23 | 258.89 | 4.73 | 1.82% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.