A small company has made such a explosive start in the stock market that whoever comes to know about it is surprised. The money of all the lucky investors who got shares of the company in the IPO of SpectraA Technology Solutions, has doubled exactly on the very first day. That is, the shares of the company jumped by almost 100 percent on the day of listing.
Shares of Spectrae Technology Solutions were listed at Rs 224.20 on Thursday, a handsome gain of 90 per cent from its issue price. But the momentum did not stop as soon as the market opened, and immediately after the listing, the company's shares rose another 5 percent to Rs 235.40. In this way, the company's shares have increased by a total of 99.49 percent i.e. almost double as compared to the IPO price. Let us tell you that in this IPO the share price of the company was fixed at only Rs 118.
Investors pounced on IPO, bets were placed 304 times
The amount of craze there was among investors regarding the IPO of this small company can be gauged from the fact that the IPO of Spectrae Technology Solutions was subscribed a total of 304.06 times.
In this IPO of the company, there was huge stake of 313.17 times in the category of common investors i.e. retail individual investors. At the same time, the quota for non-institutional investors i.e. Non-Institutional Investors (NII) was reduced tremendously and it was subscribed 441.66 times. Apart from this, investors also showed strong interest in the Qualified Institutional Buyers (QIB) category and it subscribed 184.55 times. In this IPO of Spectrae Technology Solutions, common investors were required to place bets for at least 2 lots, which included a total of 2400 shares. For these 2 lots, common investors had to invest a huge amount of Rs 2,83,200, which has now doubled on the very first day.
What does Spectrae technology do?
If you are wondering what this company does, then let us tell you that Spectrae Technology Solutions was started in January 2009. It is a well-known company providing engineering and technology solutions.
The company mainly undertakes technical work like design, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. The company has a wide range of business and successfully operates two large manufacturing units in Bengaluru and Jaipur. According to the data available till 31 August 2026, a total of 79 employees are working in this company.
Where will the company use the money received from IPO?
The total size of this IPO was approximately Rs 43 crore. The company will use the funds raised through this IPO for capital expenditure (capex) of its Jaipur manufacturing plant, repayment of its old term loan, meeting the working capital needs of the business and other general corporate purposes.
Before this IPO, the total stake of promoters and promoter group in the company was 96.04 percent, which has now come down to 70 percent. In contrast, public shareholding in the company has directly increased from 3.96 percent to 30 percent. These shares of the company are listed on the SME platform of the National Stock Exchange (NSE). A L Arun Kumar, Shailja Arun Kumar, Praveen Kumar Appukuttan Nair Leela and Divya Praveen are the main promoters of this company.