SpectraA Technology Solutions IPO is a proposed SME public issue of up to 34.76 lakh equity shares, comprising a fresh issue of up to 27.84 lakh shares and an offer for sale of up to 6.92 lakh shares. The company plans to list its shares on the NSE EMERGE platform. 

Indcap Advisors Private Limited is the Book Running Lead Manager, while Maashitla Securities Private Limited is the registrar to the issue. The IPO is being promoted by A L Arun Kumar, Sailaja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen. 

The funds raised through the fresh issue are proposed to be used for capital expenditure at the Jaipur manufacturing facility, repayment of term loans, working capital requirements and general corporate purposes. 

About SpectraA Technology Solutions

Incorporated in 2009, SpectraA Technology Solutions Ltd. provides end-to-end engineering and project solutions, including design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. 

The Company serves industries such as breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals. Its key product segments include:

• Commercial Brewery Equipment: Turnkey brewhouse and cellar systems for commercial beer brewing, fermentation, conditioning and storage.

• Distillery Equipment: Turnkey copper pot still-based systems used for distillation and concentration of alcohol and flavour compounds.

• Food and Beverage Plants: Process equipment and integrated solutions for extracting and processing flavours and colours from plant-based inputs.

• Microbrewery Equipment: Turnkey brewing and cellar systems designed for craft and microbrewery operations.

• Malt Spirit Equipment: Equipment systems covering milling to distillation, along with condensers, wash and spirit stills, and blending and storage tanks.

• Extraction Plants: Extraction vessels along with holding and buffer tanks.

The Company operates two manufacturing facilities in Bengaluru and Jaipur, with a combined built-up area of 33,214.75 sq. ft. As of the DRHP date, it had partnerships across the Indian and international markets.