IPO

Speb Adhesives Limited IPO

NSE SME

Listed On: Dec 8, 2025 at ₹ 60.0

₹ 224000 /4000 Shares
*Min Investment

Check Allotment

01 Dec, 2025

Open Date

03 Dec, 2025

Close Date

04 Dec, 2025

Allotment Date

08 Dec, 2025

Listing Date
Speb Adhesives IPO Live Subscription Details
View Subscription Details
QIB 2.06x
Individual 1.75x
NIIs 4.74x
BHNI 5.86x
SHNI 2.51x
Individual 1.75x
Total 2.48x
Last updated: 03 Dec 2025, 05:57 PM
Speb Adhesives IPO Issue Details
  • Issue Price ₹52-56 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 60,24,000 shares(aggregating up to ₹33.73 crore)
  • Fresh Share 48,54,000 shares(aggregating up to ₹27.18 crore)
  • Offer For Sale 11,70,000 shares(aggregating up to ₹6.55 crore)
  • Listing at NSE SME
  • List Price 60.0
  • Listing Date 2025-12-08
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar MUFG Intime India Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 4000 ₹2,24,000
Individual(max) 2 4000 ₹2,24,000
SHNI(min) 3 6000 ₹3,36,000
SHNI(max) 8 16000 ₹8,96,000
BHNI(min) 9 18000 ₹10,08,000
Speb Adhesives IPO Reservation

Speb Adhesives IPO offers total 6024000 shares. Out of which 1122000 (18.63%) allocated to QIB, 828000 (13.75%) allocated to NII,1932000 (32.07%) allocated to RII, NA (NA%) allocated to employees and 1604000 (26.63%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1604000 (26.63%)
Market Maker Shares Offered 538000 (8.93%)
QIB Shares Offered 1122000 (18.63%)
NII (HNI) Shares Offered 828000 (13.75%)
bNII > ₹10L 552000 (9.39%)
sNII < ₹10L 276000 (4.85%)
Individual Shares Offered 1932000 (32.07%)
Total Shares Offered 6024000 (100%)
Speb Adhesives IPO Documents
DRHP
RHP
ANCHOR
Speb Adhesives IPO Details


Speb Adhesives Limited IPO is an SME IPO, priced at ₹52-56 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 60,24,000 equity shares, aggregating up to ₹33.73 crores..

The IPO bidding window is open from Dec 1, 2025 to Dec 3, 2025. The allotment is expected to be finalized on Dec 4, 2025, and the tentative listing date is Dec 8, 2025.

The minimum lot size for Individual investors is 4000 shares, with a minimum investment of ₹2,24,000.

Unistone Capital Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is MUFG Intime India Pvt Ltd, and

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Speb Adhesives IPO Subscription Analysis And Details
Retail
1.75x
QIB
2.06x
NII
4.74x
bNII
5.86x
sNII
2.51x
Total
2.48x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 11,22,000 8,28,000
5,52,000    2,76,000 		19,32,000 38,82,000
Day 1 01-12-25 05:00 PM
0.00 x 0.78 x
1.11 x   0.13 x 		0.16 x 0.25 x
Day 2 02-12-25 05:00 PM
0.49 x 1.46 x
2.05 x   0.27 x 		0.35 x 0.63 x
Day 3 03-12-25 05:00 PM
2.06 x 4.74 x
5.86 x   2.51 x 		1.75 x 2.48 x
Total No of Applications
1,008
Subscription on the basis of Applications
Retail:1.75x BHNI:0.59x SHNI:2.3x
Speb Adhesives Valuations
EPS Pre IPO ₹3.35/-
EPS Post IPO ₹3.25/-
P/E Pre IPO 16.73
P/E Post IPO 17.22
ROE 26.30%
ROCE 32.07%
RoNW 26.30%
PAT Margin 13.16%
Price to Book Value 4.32
Market Cap. 125.80 Cr.
Speb Adhesives Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 31.88 27.27 20.70 19.89
Revenue 25.04 45.54 43.21 38.79
Profit After Tax 3.65 5.89 4.94 1.83
Net Worth 29.01 25.36 19.47 19.46
Reserves & Surplus 11.40 7.75 19.30 19.27
About Speb Adhesives Company

Speb Adhesive Private Limited is a company concerned with manufacturing and distributing solvent-based synthetic rubber adhesives.The company offers both the water-based adhesives and solvent-based adhesives,. In the solvent-based adhesives, it specializes in polychloroprene-based and SBS (styrene-butadiene-styrene)-based adhesives.

Speb Adhesive focuses on quality, novelty, and environmental compatibility in its formulations, with a particular interest in non-toxic and environment-friendly products that respond to industrial performance standards.Its product portfolio includes multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Set.The business is based on a B2B model, and it sells its products to various sectors like packaging, automotive, footwear, construction, woodworking, and furniture.

Its manufacturing facility is situated at MIDC industrial area, Taloja, Raigad, Maharashtra, with an installed capacity of 12,000 liters per day.

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Speb Adhesives - Promoter(s)

Kirtikumar Vithlani

Bhaumik Vithlani

Gaurav Vithlani

Harish Vithlani

Pre Issue Share Holding : %

Post Issue Share Holding : %

Speb Adhesives IPO - Issue Objectives
1

Part finance the cost of establishing new manufacturing facility to expand our production capabilities of Water based adhesives at Survey no. 120, 121/1 and 121/2, Village Tambati, Taluka Khalapur, District Raigad, Maharashtra, India (Proposed new facility)

2

General corporate purposes

Contact Details

Speb Adhesives

Plot No. J 33, MIDC, Taloja, Raigad, Panvel, Maharashtra, 410208

+91 7738532223

cs@speb7.com

http://www.speb7.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

spebadhesives.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html