SPEB Adhesives SME IPO Subscription Status
SPEB Adhesives SME IPO closed on 3 December 2025 with an overall subscription of 2.34x based on shares applied. QIB demand came in at 2.06x, NII at 4.74x, and retail at 1.75x.
Allotment will be finalised on 4 December 2025. The stock is scheduled to list on NSE and BSE on 8 December 2025.
Issue Price
Rs 56.00
GMP Today
-
Overall Subscription
2.34x
Issue Size
₹30.72 Cr
Allotment Date
4 Dec 2025
Listing Date
8 Dec 2025
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?
A subscription of 2.34x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 2.06x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.06x, it reflects serious institutional conviction.
NII at 1.16x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.59x and sNII at 2.30x by applications. Share subscription was 4.74x. Allotment uses application count, not share volume.
At 1.75x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~57% per application). Retail allotment is done by lottery when oversubscribed.
SPEB Adhesives SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1.75x.
- •Allotment odds: about 1 in 2 (~57% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 2.30x.
- •Allotment odds: about 1 in 2 for a minimum-lot application (~43% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.59x.
- •Share subscription was 5.86x. Allotment uses application count, not share volume.
Check the SPEB Adhesives SME IPO Allotment Status page from 4 December 2025 for your allotment result.
SPEB Adhesives SME IPO Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
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 June 2026, 2:47 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. Minimum retail bid is up to Rs 2 lakh per PAN.
What is SPEB Adhesives SME IPO NII subscription?
SPEB Adhesives SME IPO NII (Non-Institutional Investors) subscription is 1.16x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in SPEB Adhesives SME IPO for retail?
At 1.75x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~57% per application). Allotment is done by lottery.
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?
Allotment odds in SPEB Adhesives SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 1.16x by applications means roughly 1 in 1 for minimum-lot bids. 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.