Speb Adhesives NSE SME

SPEB Adhesives SME IPO

Listed

NSE SMEOpens 1 December 2025Closes 3 December 2025

Speb Adhesives Limited, incorporated in 1990, manufactures solvent-based synthetic rubber adhesives and offers a range of customized solvent-based and water-based adhesive solutions for industrial and retail…

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Live GMPSubscriptionAllotment
Price band
₹52 - ₹56
Issue size
₹30.72 Cr
Lot size
2,000 shares
Type
NSE SME
GMP
₹0 (0.0%)
Est. listing
₹56
Est. profit / app
—
Retail quota
32.07%

Key ratios

As per RHP / filings
Face value
₹10
EPS
3.25
P/E ratio
17.22
RoNW
26.3%
ROE
26.3%
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Timeline

  1. IPO Opens

    1 Dec 2025

  2. IPO Closes

    3 Dec 2025

  3. Allotment

    4 Dec 2025

  4. Listing

    8 Dec 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date1 December 2025
IPO Close Date3 December 2025
Allotment Date4 December 2025
Listing Date8 December 2025

Investment Categories

CategoryLotsAmount
Individual
2₹2,24,000
SHNI (Min)
3₹3,36,000
SHNI (Max)
8₹8,96,000
BHNIAbove ₹10,00,000
9₹10,08,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)45.25%
NII (Non-Institutional Investor)13.75%
SHNI (Small Non-Institutional Investor)4.58%
BHNI (Big Non-Institutional Investor)9.16%
Retail32.07%
Market Maker8.93%
Total100.00%

IPO Objectives

  • Part finance the cost of establishing new manufacturing facility to expand the 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”) (₹20.44 Cr).
  • General corporate purposes.

Strengths

  • The company benefits from an Experienced Promoters and Management Team with a long history in the specialty chemicals sector.
  • It offers a Wide product portfolio of solvent-based and water-based adhesives, customized for diverse industrial and retail applications.
  • The business has a Well-established Trade Name and a robust sales and distribution network.
  • The company shows Strong financial performance, with revenue increasing by 5% and profit after tax (PAT) rising by 19% between FY24 and FY25.
  • It maintains Excellent profitability metrics, achieving an RoNW of 26.3% and RoCE of 28.71% in FY25, reflecting efficient capital use.

Weaknesses

  • There is Heavy reliance on solvent-based adhesives, making the business vulnerable to increasingly stringent environmental regulations and health concerns.
  • The company has High exposure to raw material price volatility (synthetic rubber and solvents), which can impact profit margins in the commodity-driven chemicals sector.
  • It faces Intense competition from larger, established adhesive manufacturers (like Pidilite and its peers) in both industrial and retail segments.
  • There is Operational concentration with a single manufacturing facility in the MIDC Taloja industrial area, posing a regional disruption risk.
  • The Offer for Sale (OFS) component in the IPO reduces the total fresh capital available for the company's direct growth and expansion.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)31.8827.2720.719.89
Revenue (₹ Cr.)25.0445.5443.2138.79
PAT (₹ Cr.)3.655.894.941.83
Net Worth (₹ Cr.)29.0125.3619.4719.46

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Speb Adhesives Limited4.3217.2226.3%29.01
HP Adhesives Limited2.2125.818.59%184
Nikhil Adhesives Limited3.1529.7910.59%130

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.49x2.06x
NII0.78x0.81x4.09x
S-HNI0.13x0.27x2.51x
B-HNI1.11x1.08x4.88x
RII0.16x0.35x1.75x
Total0.25x0.49x2.34x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB11,22,00023,16,00012.97
NII8,28,00033,88,00018.97
Small NII2,76,0006,92,0003.88
Big NII5,52,00026,96,00015.1
RII19,32,00033,76,00018.91
Total38,82,00090,80,00050.85
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Company Details

  • Speb Adhesives Ltd.
  • Plot No. J 33, MIDC, Taloja, Raigad, Panvel, -410208
  • +91 7738532223
  • cs@speb7.com
  • http://www.speb7.com/

Registrar Details

Frequently Asked Questions

What is the core product line of Speb Adhesives Limited?
Speb Adhesives manufactures solvent-based synthetic rubber adhesives, offering customized solutions for industrial and retail sectors, including applications in woodworking, footwear, and specialized insulation.
When does the Speb Adhesives IPO open and close?
The Speb Adhesives SME IPO opens for subscription on December 1, 2025, and closes on December 3, 2025.
What is the IPO price band and market lot for Speb Adhesives?
The price band is set between ₹52.00 to ₹56.00 per share. The minimum application is for a market lot of 2,000 shares.
What are the main objectives of the ₹30.72 Cr Fresh Issue?
The majority of the net proceeds will be used to fund the cost of establishing a new manufacturing facility (₹20.44 Cr) for expanding its production of water-based adhesives and for General Corporate Purposes.
What are the financial highlights of Speb Adhesives for FY25?
In Fiscal 2025, the company reported a Profit After Tax of ₹5.89 Cr on a revenue of ₹45.54 Cr, achieving a strong RoNW of 26.3%.
Which stock exchange will list the Speb Adhesives IPO?
The Speb Adhesives IPO is scheduled to list on the NSE SME exchange, with the tentative listing date being December 8, 2025.

SPEB Adhesives SME IPO News & Updates

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SPEB Adhesives SME IPO IPO Pages

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SPEB Adhesives SME IPO Details

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SPEB Adhesives SME IPO GMP

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SPEB Adhesives SME IPO Subscription

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SPEB Adhesives SME IPO Allotment

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SPEB Adhesives SME IPO Review

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SPEB Adhesives SME IPO FAQ

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SPEB Adhesives SME IPO Registrar

Registrar website and how to check allotment

SPEB Adhesives SME IPO Timeline

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SPEB Adhesives SME IPO News

Updates, blogs, and latest IPO news

Sources

We match SPEB Adhesives SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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