SPEB Adhesives SME IPO Subscription
ListedUpdated 8 December 2025, 9:15 AM IST· NSE SME
SPEB Adhesives SME IPO subscription closed on 3 December 2025 at 2.34x overall by shares. QIB demand came in at 2.06x, NII at 4.74x, and retail at 1.75x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 4 December 2025. Listing date on NSE and BSE is 8 December 2025.
SPEB Adhesives SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 1 Dec 2025 | 0.00x | 0.78x | 0.16x | 0.25x |
| Day 2 - 2 Dec 2025 | 0.49x | 0.81x | 0.35x | 0.49x |
| Day 3 - 3 Dec 2025 | 2.06x | 4.09x | 1.75x | 2.34x |
SPEB Adhesives SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
SPEB Adhesives SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 1.75x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 2.30x | 1 in 2 |
| BHNI (above Rs 10L) | 0.59x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the SPEB Adhesives SME IPO Allotment Status page from 4 December 2025 for your result.
SPEB Adhesives SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 56.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 6.28 Cr | Rs 12.97 Cr | 2.06x |
| FII | - | Rs 3.08 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 9.89 Cr | - |
| NII | Rs 4.64 Cr | Rs 21.99 Cr | 4.74x |
| bNII (above Rs 10L) | Rs 3.09 Cr | Rs 18.11 Cr | 5.86x |
| Corporate | - | Rs 5.96 Cr | - |
| Individual | - | Rs 12.15 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.55 Cr | Rs 3.88 Cr | 2.51x |
| Corporate | - | Rs 17.92 L | - |
| Individual | - | Rs 3.66 Cr | - |
| Other | - | Rs 3.36 L | - |
| IND | Rs 10.82 Cr | Rs 18.91 Cr | 1.75x |
| Total | Rs 21.74 Cr | Rs 53.86 Cr | 2.48x |
SPEB Adhesives SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 561 | 4 | 0.01x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 3 | - |
| NII | 138 | 160 | 1.16x |
| bNII (above Rs 10L) | 92 | 54 | 0.59x |
| Corporate | - | 7 | - |
| Individual | - | 47 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 46 | 106 | 2.30x |
| Corporate | - | 3 | - |
| Individual | - | 102 | - |
| Other | - | 1 | - |
| IND | 483 | 844 | 1.75x |
| Total | 1,182 | 1,008 | 0.85x |
What Do These Subscription Numbers Mean?
2.34x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 2.06x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (1.16x by applications). Split: SHNI 2.30x, BHNI 0.59x by applications. SHNI and BHNI allotment is by lottery.
At 1.75x subscription by applications, about 1 in 2 retail applicants may get allotment (~57% chance per application). Retail allotment is also by lottery.
SPEB Adhesives SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 1 December 2025 |
| IPO Close Date | 3 December 2025 |
| Allotment Date | 4 December 2025 |
| Refund Initiation | 5 December 2025 |
| Share Credit to Demat | 5 December 2025 |
| Listing Date | 8 December 2025 |
| Minimum Investment | Rs 2,24,000.00 |
| Lot Size | 2000 shares |
About SPEB Adhesives SME
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 applications. Its product portfolio caters to diverse segments, including multi-purpose adhesives, spray-grade adhesives, footwear-grade adhesives, and specialized adhesives for generator sets and ducting/insulation. The company operates a manufacturing facility in the MIDC Taloja industrial area in Maharashtra and is utilizing IPO proceeds to establish a new facility for expanding its production of water-based adhesives.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
SPEB Adhesives SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
SPEB Adhesives SME Details
Issue size, price, financials, and company info
SPEB Adhesives SME GMP
Live grey market premium and listing estimate
SPEB Adhesives SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
SPEB Adhesives SME Allotment
Allotment date, chances, and check by PAN
SPEB Adhesives SME Review
SWOT, strengths, risks, and IPO review
SPEB Adhesives SME FAQ
Common questions on dates, GMP, and allotment
SPEB Adhesives SME Registrar
Registrar website and how to check allotment
SPEB Adhesives SME Timeline
Open, close, allotment, and listing dates
SPEB Adhesives SME News
Updates, blogs, and latest IPO news
SPEB Adhesives SME IPO Subscription FAQs
What is SPEB Adhesives SME IPO subscription status today?
SPEB Adhesives SME IPO subscription closed on 3 December 2025 with overall subscription of 2.34x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 2.06x, NII 1.16x, IND 1.75x.
What is the overall subscription of SPEB Adhesives SME IPO?
SPEB Adhesives SME IPO is subscribed 2.34x overall by shares at close on 3 December 2025. QIB 2.06x, NII 1.16x, and IND 1.75x.
What is SPEB Adhesives SME IPO QIB subscription?
SPEB Adhesives SME IPO QIB (Qualified Institutional Buyers) subscription is 2.06x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is SPEB Adhesives SME IPO IND subscription?
SPEB Adhesives SME IPO IND subscription is 1.75x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is SPEB Adhesives SME IPO NII, SHNI, and BHNI subscription?
SPEB Adhesives SME IPO NII subscription is 1.16x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 2.30x and BHNI (above Rs 10L) at 0.59x.
What are SPEB Adhesives SME IPO retail allotment chances?
At 1.75x subscription by applications, about 1 in 2 retail applicants may get allotment (~57% chance per application). Allotment is by lottery.
What are SPEB Adhesives SME IPO SHNI allotment chances?
At 2.30x subscription by applications, about 1 in 2 SHNI applicants may get allotment (~43% chance per application). Allotment is by lottery.
What are SPEB Adhesives SME IPO BHNI allotment chances?
SPEB Adhesives SME IPO BHNI share subscription is 5.86x. Application data is needed for exact lottery chances.
When is SPEB Adhesives SME IPO allotment date?
SPEB Adhesives SME IPO allotment date is 4 December 2025. Check SPEB Adhesives SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does SPEB Adhesives SME IPO subscription close?
SPEB Adhesives SME IPO subscription closed on 3 December 2025. No new applications are accepted after the close.
What is SPEB Adhesives SME IPO GMP today?
GMP for SPEB Adhesives SME IPO is not available yet. Track SPEB Adhesives SME IPO GMP Today on IPOwiz once grey market activity starts.
What is SPEB Adhesives SME IPO issue price and lot size?
SPEB Adhesives SME IPO issue price is ₹56 per share. Lot size is 2000 shares. Minimum investment is ₹2,24,000 per lot (minimum 2 lots for SME). Issue size: ₹30.72 Cr.
When is SPEB Adhesives SME IPO listing date?
SPEB Adhesives SME IPO listing date is 8 December 2025 on NSE and BSE. Allotment is on 4 December 2025.
How does subscription affect SPEB Adhesives SME IPO allotment?
In SPEB Adhesives SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 2.34x overall, competition is moderate.
For allotment results from 4 December 2025, visit the SPEB Adhesives SME IPO Allotment Status page. For listing day updates on 8 December 2025, download the IPOwiz App.
Sources
We match SPEB Adhesives SME 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
- IPO RegistrarRegistrar details are on the allotment page 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 subscription data before it goes live.