Speb Adhesives IPO
Speb Adhesives is an NSE SME IPO listed on the NSE SME platform, priced at ₹52–₹56 per share. The stock debuted at ₹60, delivering a listing gain of 7.1%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹2,24,000.
Speb Adhesives Limited IPO
- IPO Dates
- Dec 1, 2025 – Dec 3, 2025
- Price band
- ₹52-56 per equity share
- Minimum Investment
- ₹2,24,000
- Issue size
- ₹33.73 Cr
- Lot size
- 2000
- Allotment Date
- Dec 4, 2025
- Listing
- Dec 8, 2025
- Listing At
- NSE SME
IPO timeline
-
Dec 1, 2025
Open Date
Completed
-
Dec 3, 2025
Close Date
Completed
-
Dec 4, 2025
Allotment Date
Completed
-
Dec 8, 2025
Listing Date
Completed
Speb Adhesives IPO Subscription Details
View Subscription DetailsSpeb Adhesives IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Speb Adhesives IPO Essentials
Speb Adhesives IPO Details
Speb Adhesives IPO is priced at ₹52-56 per share with a total issue size of 33.73 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹52-56 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total 33.73 Cr :
#Fresh Issue : 48,54,000 shares(aggregating up to ₹27.18 Cr) +
#OFS : 11,70,000 shares of ₹10(aggregating up to ₹6.55 Cr) - Total issue size
- 60,24,000 shares
(aggregating up to ₹33.73 crore) - Fresh issue
- 48,54,000 shares
(aggregating up to ₹27.18 crore) - Offer for sale (OFS)
- 11,70,000 shares
(aggregating up to ₹6.55 crore) - Listing at
- NSE SME
- List price
- 60.0
- Listing date
- Registrar
- MUFG Intime India Pvt Ltd
- Lead manager
-
Unistone Capital 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 |
| sHNI(min) | 9 | 18000 | ₹10,08,000 |
Speb Adhesives IPO Reservation
Speb Adhesives IPO reservation details show category-wise allocation of shares. Out of the total 6024000 shares, approximately 18.63% are reserved for QIB, 13.75% for NII, 32.07% for retail investors, 8.93% for market maker, and 26.63% for 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%) | |
| bHNI > ₹10L | 552000 (9.39%) | 92 |
| sHNI < ₹10L | 276000 (4.85%) | 46 |
| Individual Shares Offered | 1932000 (32.07%) | 483 |
| Total Shares Offered | 6024000 (100%) |
Speb Adhesives IPO Analytics
Speb Adhesives IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Speb Adhesives IPO Subscription Status
Speb Adhesives IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 2.48x, indicating moderate demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.78x
1.11x
0.13x
|
0.16 x | 0.25 x |
|
Day 2
02-12-25 05:00 PM
|
0.49 x |
1.46x
2.05x
0.27x
|
0.35 x | 0.63 x |
|
Day 3
03-12-25 05:00 PM
|
2.06 x |
4.74x
5.86x
2.51x
|
1.75 x | 2.48 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 1008 (Approx) | 0.59x | 2.3x | 1.75x |
Speb Adhesives Valuations
Earnings
- EPS Pre IPO
- ₹3.35/-
- EPS Post IPO
- ₹3.25/-
- P/E Pre IPO
- 16.73
- P/E Post IPO
- 17.22
Returns
- ROE
- 26.30%
- ROCE
- 32.07%
- RoNW
- 26.30%
- PAT Margin
- 13.16%
Fundamentals
- Price / Book
- 4.32
- Market Cap
- 125.80 Cr.
Speb Adhesives Financials( In Crs.)
| 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 |
Speb Adhesives Company & Offer Insights
About Speb Adhesives
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.
Speb Adhesives Promoter(s)
Kirtikumar Vithlani, Bhaumik Vithlani, Gaurav Vithlani, Harish Vithlani are the company's promoters of Speb Adhesives.
Speb Adhesives IPO Issue Objectives
- •
- 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)
- •
- General corporate purposes
Contact Information
Contact Details
Speb Adhesives
+91 7738532223
Plot No. J 33, MIDC, Taloja, Raigad, Panvel, Maharashtra, 410208
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Speb Adhesives IPO is a book-built IPO worth ₹33.73 crore. The price band is ₹52–₹56 per share. The IPO opens on Dec 1, 2025 and closes on Dec 3, 2025. It will be listed on NSE SME Platform. MUFG Intime India Pvt Ltd is the registrar.
The price band of Speb Adhesives IPO is ₹52 to ₹56 per share.
The lot size of Speb Adhesives IPO is 2000 shares.
The minimum investment for Speb Adhesives IPO is approximately ₹2,24,000 based on the upper price band .
Speb Adhesives IPO opens on Dec 1, 2025 and closes on Dec 3, 2025.
The allotment date of Speb Adhesives IPO is Dec 4, 2025.
Speb Adhesives IPO is expected to be listed on Dec 8, 2025, on NSE SME Platform.
Speb Adhesives IPO valuation snapshot: P/E 17.22, EPS ₹3.25/-, P/B 4.32, RoNW 26.30%, and market cap 125.80 Cr.
To apply for Speb Adhesives IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Speb Adhesives IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Speb Adhesives IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Speb Adhesives IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Speb Adhesives IPO allotment status on IPO Ji for quick and easy access.