Speb Adhesives
NSE SME₹2,24,000 / Individual : 4000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 03 Dec 2025, 05:57 PM |
| QIBs | 2.06 times |
| NII | 4.74 times |
| Total | 2.48 times |
Speb Adhesives IPO Details
The Speb Adhesives IPO price band is set between ₹52-56 per equity share, with a face value of ₹10 per share. The issue is managed by MUFG Intime India Pvt Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 1 Dec, 2025 and closes on 3 Dec, 2025. Investors can check the allotment status on 4 Dec, 2025, while the listing date is tentatively scheduled for 8 Dec, 2025.
The total issue size is 60,24,000 shares, aggregating up to ₹33.73 crore. Stay tuned for the latest Speb Adhesives IPO review and GMP updates.
Speb Adhesives IPO Review, Rating & Analysis
Speb Adhesives IPO Review
NO REVIEWSpeb Adhesives IPO Rating
Speb Adhesives IPO Highlights
IPO Date
Dec 1, 2025 - Dec 3, 2025
Listing Date
8 Dec, 2025
Face Value
₹10 Per Equity Share
Price Band
₹52-56 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Speb Adhesives IPO Lot Size
The minimum market lot for Speb Adhesives IPO is 4000 shares with an application amount of ₹2,24,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹2,24,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 4000 | ₹2,24,000 |
| S-HNI (Max) | 4 | 16000 | ₹8,96,000 |
| B-HNI (Min) | 5 | 20000 | ₹11,20,000 |
Speb Adhesives IPO Timeline
Issue Price
₹52-56 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
MUFG Intime India Pvt LtdLead Manager
Unistone Capital Pvt LtdIssue Size
60,24,000 shares(aggregating up to ₹33.73 crore)Speb Adhesives IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 31.88 | 25.04 | 3.65 | 29.01 | 11.40 | - |
| 31-Mar-25 | 27.27 | 45.54 | 5.89 | 25.36 | 7.75 | - |
| 31-Mar-24 | 20.70 | 43.21 | 4.94 | 19.47 | 19.30 | - |
| 31-Mar-23 | 19.89 | 38.79 | 1.83 | 19.46 | 19.27 | - |
In Cr.
Speb Adhesives IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| 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
Speb Adhesives IPO Valuations
EPS Pre IPO
₹3.35/-EPS Post IPO
₹3.25/-PE Pre IPO
16.73PE Post IPO
17.22ROE
26.30%ROCE
32.07%Debt Equity
-RoNW
26.30%PAT Margin
13.16%Price to Book Value
4.32Promoters & Share Holding
Promoter(s) Name
- Kirtikumar Vithlani
- Bhaumik Vithlani
- Gaurav Vithlani
- Harish Vithlani
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| % | % |
About 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.
Speb Adhesives IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 11,22,000 | 8,28,000
5,52,000
2,76,000
| 19,32,000 | 38,82,000 |
Day 101-12-25 05:00 PM | 0.00 x | 0.78
1.11 x
0.13 x
| 0.16 x | 0.25 x |
Day 202-12-25 05:00 PM | 0.49 x | 1.46
2.05 x
0.27 x
| 0.35 x | 0.63 x |
Day 303-12-25 05:00 PM | 2.06 x | 4.74
5.86 x
2.51 x
| 1.75 x | 2.48 x |
Retail:1.75x
BHNI:0.59x
SHNI:2.3x
Speb Adhesives IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| 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 | - |
Company Contact Details
Speb Adhesives
Plot No. J 33, MIDC, Taloja, Raigad, Panvel, Maharashtra, 410208Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: spebadhesives.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions about Speb Adhesives IPO
When will Speb Adhesives IPO open for subscription?
The Speb Adhesives IPO opens on 1 Dec, 2025 and closes on 3 Dec, 2025.
What is the investors portion for Speb Adhesives IPO?
The investors' portion for QIB is 2.06 x, NII is 5.86 x, and Retail is 1.75 x.
How to apply for Speb Adhesives IPO?
You can apply for Speb Adhesives IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Speb Adhesives IPO?
The issue size of Speb Adhesives IPO is approx ₹60,24,000 shares(aggregating up to ₹33.73 crore) crores.
What is the price band of Speb Adhesives IPO?
The price band for Speb Adhesives IPO is ₹52 to ₹56 per equity share.
What is the lot size of Speb Adhesives IPO?
The minimum bid (lot size) for Speb Adhesives IPO is 2000 shares with an investment of approx ₹2,24,000 .
What is the allotment date of Speb Adhesives IPO?
The allotment date for Speb Adhesives IPO is 4 Dec, 2025.
What is the listing date of Speb Adhesives IPO?
The listing date for Speb Adhesives IPO is expected to be 8 Dec, 2025.
What is the GMP of Speb Adhesives IPO?
The latest Grey Market Premium (GMP) for Speb Adhesives IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.