SpectraA Technology IPO GMP Today

SpectraA Technology Solutions Limited is an engineering company involved in designing, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. It serves industries including breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG, and pharmaceuticals. Its products and systems include commercial brewery equipment, distillery equipment, food and beverage processing plants, microbrewery equipment, malt spirit equipment and extraction plants. The company undertakes projects covering engineering, fabrication, installation, commissioning and decommissioning, with equipment built in-house and customized to customer specifications. It operates two manufacturing facilities in Bengaluru and Jaipur, with an aggregate built-up area of 33,214.75 square feet. The company also has a rooftop solar capacity of 100 kWp installed across its Malur plant, Jaipur plant, and registered office. SpectraA Technology Solutions Limited was incorporated in Bengaluru in January 2009 as a private company and was converted into a public limited company in February 2021. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Capital Expenditure at Jaipur manufacturing facility — Rs 11.00 crore Repayment of term loans availed by the company — Rs 6.48 crore Working capital requirements — Rs 9.5 crore General corporate purposes.