SpectraA Technology Solutions Debuts on NSE, Plans Jaipur CapEx
1 report, 1 independent
Updated Sep 24
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What happened
SpectraA Technology Solutions debuted on the NSE, trading at Rs 235.40, which was 99.49% higher than its issue price of Rs 118. The company plans to use the IPO proceeds for capital expenditure at its Jaipur manufacturing facility, alongside repaying term loans and meeting working capital requirements.
Why it matters
The IPO was highly subscribed at 282.62 times. SpectraA Technology Solutions, which provides engineering and fabrication services for industries including breweries and pharmaceuticals, plans to invest IPO funds into its operations in Jaipur.
Who's involved
- JaipurLocation where SpectraA Technology Solutions is planning capital expenditure
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The entities involved
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Jaipur
capital of Rajasthan, India