case₹0.5 Crpage 318
Lumiere Technologies (Group Co.) GST Karnataka FY2019-20: 2 cases, JC(A) rejected appeals on Aug 3, 2026; demand pending payment
ListedSMESPECTRAA
SpectraA Technology Solutions IPO
SpectraA Technology Solutions IPO is an SME IPO raising ₹43 Cr at ₹112 – ₹118 a share. It listed on 24 Sept 2026 at ₹224, +90.0% against its issue price of ₹118, and trades at ₹232 today (+96.8% since issue). It was subscribed 353× in total.
₹118
Issue price
₹232
Price now
+96.8%
Since issue price
24 Sept 2026
Listed on
353×Subscribed (final) · all exchanges
352.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 1 | 4 | 0 | ₹0.3 Cr |
| Promoters | 0 | 5 | 0 | ₹0.1 Cr |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 9 | 0 | ₹1.3 Cr |
case₹0.3 Crpage 319
Lumiere Technologies (Group Co.) GST Karnataka FY2025-26: demand notice u/s 62 for non-filer of monthly return (Mar 2026)
case₹0.2 Crpage 318
Lumiere Technologies (Group Co.) GST Karnataka FY2020-21: appeal pending before JC(A) for excess ITC
case₹0.1 Crpage 317
Lumiere Technologies (Group Co.) GST Tamil Nadu FY2018-19: Appellate Authority rejected appeal on Nov 11, 2025, upheld demand
case₹0.1 Crpage 314
SpectraA Technology Solutions v. Divyansi Enterprises: criminal case u/s 138 NI Act (cheque dishonour of Rs. 5,48,463), awaiting summons
All amounts converted from Rs. lakhs to Rs. crore (1 crore = 100 lakhs). Promoters and Directors are grouped together in the source under 'LITIGATIONS INVOLVING THE PROMOTERS & DIRECTORS'; this bucket captures both (A L Arun Kumar 3 cases, Sailaja Arun Kumar 1 case, K N Gopalakrishnan 1 case). The criminal case is filed BY the Company, not against. No proceedings against subsidiaries, KMP/Senior Management, or by statutory/regulatory authorities or stock exchanges against any party. Lumiere Technologies (FZE) has no pending cases. Computed grand total across all parties ≈ Rs. 1.65 crore; no grand total is explicitly stated in the source.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Anchor investor allocation ↗
Which institutions were allotted shares before bidding opened, and how many.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.