Speb Adhesives IPO
Speb Adhesives IPO
Overview
Speb Adhesives IPO is a book build issue of ₹33.73 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹27.18 crores and offer for sale of 0.12 crore shares aggregating to ₹6.55 crores. Speb Adhesives IPO opens for subscription on Dec 1, 2025 and closes on Dec 3, 2025. The allotment for the Speb Adhesives IPO is expected to be finalized on Dec 4, 2025. Speb Adhesives IPO will list on NSE SME with a tentative listing date fixed as Dec 8, 2025. Speb Adhesives IPO price band is set at ₹52.00 to ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,24,000.00 (4,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (6,000 shares), amounting to ₹3,36,000. Unistone Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Kalpalabdhi Financials Private Limited.
Total Shares
60,24,000
Issue Size
₹33.73 Cr
Price Band
₹52 – ₹56
Lot Size
2000 shares
Min. Investment
₹2,24,000
Max. Investment
₹2,24,000
Open Date
01 Dec, 2025
Close Date
03 Dec, 2025
Allotment
04 Dec, 2025
Listing
08 Dec, 2025
Max. Investment
₹2,24,000
Announced
01 Dec, 2025
Opening Date
01 Dec, 2025
Closing Date
03 Dec, 2025
Basis of Allotment
04 Dec, 2025
Initiation of Refunds
05 Dec, 2025
Credit of Shares
05 Dec, 2025
Listing Date
08 Dec, 2025
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About Speb Adhesives IPO
Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.
The company offers both the water-based adhesives and solvent-based adhesives,. Within the solvent-based adhesives, it specializes in polychloroprene-based and SBS (styrene-butadiene-styrene)-based adhesives.
Its product portfolio include multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking
Speb Adhesives IPO Share Price
Issue Breakdown
Shareholding
Dilution: 27.6% increase in shares
Speb Adhesives IPO Promoters Holding
Speb Adhesives IPO Financial Health
Speb Adhesives Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 19% between the financial year ending with March 31, 2025 and March 31, 2024.
Speb Adhesives IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,24,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,24,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,36,000 |
| S-HNI (Max) | 8 | 16000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 18000 | ₹10,08,000 |
(All values in CR)
Speb Adhesives IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 26.30 |
| ROCE | 32.07 |
| RoNW | 26.30 |
| PAT Margin | 13.16 |
| EBITDA Margin | 17.47 |
| Price to Book Value | 4.32 |
| Market Capitalization | 125.80 |
(All values in CR)
Speb Adhesives IPO Strength & Risk
Speb Adhesives IPO Strength:
- Operates in the adhesive and construction chemicals segment with consistent industry demand.
- Offers a diversified product range including industrial adhesives, construction chemicals, and specialty products.
- Caters to multiple sectors such as infrastructure, manufacturing, packaging, and furniture.
- Benefits from rising construction activity and growing demand for high-performance adhesive solutions.
- Focus on quality standards helps build trust among industrial and commercial customers.
- Has scope for expansion through new product development and market penetration.
- Operates in a sector with stable, repeat-order business due to strong industrial usage.
Speb Adhesives IPO Risk:
- Faces strong competition from established adhesive and chemical brands.
- Vulnerable to fluctuations in raw material prices, especially chemical and resin inputs.
- Dependent on industrial and construction sector performance, making revenue cyclical.
- Requires continuous investment in R&D to maintain product quality and meet industry standards.
- Subject to strict environmental and chemical-handling regulations.
- As an SME IPO, liquidity in the stock may be lower, increasing volatility risk.
- Expansion plans may face execution challenges or delays.
Speb Adhesives IPO Subscriptions Status
Speb Adhesives IPO subscribed 0.49 times. The public issue subscribed 0.35 times in the individual investors category, 0.49 times in QIB (Ex Anchor), and 0.81 times in the NII category by December 2, 2025 6:10:01 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 16,04,000 | 16,04,000 | 8.982 |
| Market Maker | 1.00 | 5,38,000 | 5,38,000 | 3.013 |
| QIB (Ex Anchor) | 0.49 | 11,22,000 | 5,50,000 | 3.08 |
| Non-Institutional Buyers | 0.81 | 8,28,000 | 6,70,000 | 3.752 |
| bNII (bids above ₹10L) | 1.08 | 5,52,000 | 5,96,000 | 3.338 |
| sNII (bids below ₹10L) | 0.27 | 2,76,000 | 74,000 | 0.414 |
| Individual Investors (IND category bidding for 2 Lots) | 0.35 | 19,32,000 | 6,80,000 | 3.808 |
| Total | 0.49 | 38,82,000 | 19,00,000 | 10.64 |
Speb Adhesives IPO GMP
Speb Adhesives SME IPO last GMP is ₹0, last updated Dec 2nd 2025 05:31 PM. With the price band of 56.00, Speb Adhesives SME IPO's estimated listing price is ₹56 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 02 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 02 Dec, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 02 Dec, 2025 |
| 01 Dec, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 01 Dec, 2025 |
| 30 Nov, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 30 Nov, 2025 |
| 29 Nov, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 29 Nov, 2025 |
| 28 Nov, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 28 Nov, 2025 |
| 27 Nov, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 27 Nov, 2025 |
| 26 Nov, 2025 | 56 | ₹0 | - | ₹56 (0.00%) | - | 26 Nov, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Speb Adhesives IPO
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Find Speb Adhesives IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.