SpectraA Technology Solutions IPO

Spectraa Technology Solutions was incorporated in Bengaluru on January 20, 2009. It provides engineering, design, fabrication, installation, commissioning and decommissioning for greenfield and brownfield process-plant projects across breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG and pharmaceuticals.

The company operates a B2B turnkey design-build-commission model, assumes responsibility from design through handover, fabricates key equipment in-house and provides operator training, spares, annual maintenance contracts and operations-and-maintenance support after handover.

Its product verticals comprise commercial brewery, distillery, food and beverage, microbrewery, malt spirit and extraction-plant equipment. In FY26, commercial brewery equipment contributed 68.1% of revenue from operations, followed by distillery equipment at 11.6%, malt spirit equipment at 10.2%, microbrewery equipment at 8.4%, extraction plants at 0.8%, food and beverage plants at 0.3% and others at 0.3%. Commercial brewery, distillery and microbrewery shares were 70.3%, 12.04% and 11.09%, respectively, in FY24, while malt spirit increased from 3.5% to 10.2% by FY26.

Turnkey projects generated ₹87.78 crore, or 86.77% of FY26 revenue from operations; non-turnkey projects generated ₹13.38 crore. The company fabricates at Malur, Karnataka and Chomu, Rajasthan, with shop footprints of 13,789.77 sq. ft. and 19,424.98 sq. ft., respectively, and an aggregate built-up area of 33,214.75 sq. ft.

The company has served more than 50 clients and has an installation footprint across 19 Indian states, 3 union territories and 10 export countries. FY26 domestic revenue was 70.62% and exports were 29.38%; Germany and Nepal contributed 15.01% and 10.80% of revenue, respectively. Export sales were ₹29.72 crore, while imported goods were ₹1.61 crore, including ₹0.97 crore from Germany.

Repeat orders contributed 50.07% of FY26 revenue and new customers contributed 49.9%; the company does not use dealers or distributors. Its top ten customers accounted for 65.6% of FY26 revenue from operations.