Speb Adhesives Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

01 Dec 2025

Close Date

03 Dec 2025

Allotment

04 Dec 2025

Listing Date

08 Dec 2025

Exchange

NSE SME

Price Band

₹56

Listing Price

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Allotment Status

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Price Band

₹56

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

60,24,000 shares (aggregating up to ₹33.73 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹112,000

1 lot

Pre-IPO Holding

1,76,10,570 shares

Promoters

Post-IPO Holding

2,24,64,570 shares

Promoters

P/E (Pre)

16.73x

P/E (Post)

17.22x

EPS (Pre)

₹3.35

EPS (Post)

₹3.25

UPI Deadline

2025-12-03

Mandate

Anchor AllotmentSun, 30 Nov 2025

Basis of AllotmentThu, 04 Dec 2025

Refund InitiationFri, 05 Dec 2025

Demat CreditFri, 05 Dec 2025

Listing DayMon, 08 Dec 2025

UPI Mandate Deadline2025-12-03

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public54,86,000 shares (aggregating up to ₹30.72 Cr)

Market Maker Quota5,38,000 shares (aggregating up to ₹3.01 Cr)

Fresh Issue Shares43,16,000 shares (aggregating up to ₹24.17 Cr)

Offer for Sale11,70,000 shares of ₹10 (aggregating up to ₹6.55 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Speb Adhesives Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Dec 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	538,000	—	₹3.01
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,024,000	100%	₹33.73

IPO Shares Offered

Speb Adhesives Ltd IPO total issue size: ₹33.73 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	538,000	₹3.01	8.93%
Total	6,024,000	₹33.73	100.00%

* Based on upper price band ₹56 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹56.00

Upper Band

Min Investment

₹112,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹224,000
Retail (Max — 13 Lots)	13	26,000	₹1,456,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,568,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,616,000

* Issue Price ₹56 × Lot Size 2,000 shares

IPO Schedule

Anchor

30 Nov 2025

✓ Done

IPO Open

01 Dec 2025

✓ Done

IPO Close

03 Dec 2025

✓ Done

Allotment

04 Dec 2025

✓ Done

Refunds

05 Dec 2025

✓ Done

Demat Credit

05 Dec 2025

✓ Done

Listing Day

08 Dec 2025

✓ Done

₹56.00

INR · NSE

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Issue ₹56.00 Live Price

About Speb Adhesives Ltd

Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.The company offers both the water-based adhesives and solvent-based adhesives,. Within the solvent-based adhesives, it specializes in polychloroprene-based and SBS (styrene-butadiene-styrene)-based adhesives.Its product portfolio include 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 company follows B2B business model and sells products to diverse sectors including packaging, automotive, footwear, construction, woodworking, and furniture.Its manufacturing facility is located at MIDC industrial area, Taloja, Raigad, Maharashtra with an installed capacity of 12,000 liters per day.Products:Multipurpose Adhesive: SPEB-7 Multipurpose Adhesive, SPEB-7 Multi-fix tube, SPEB-7 FlooRBonD, SPEB- 7 WaLLFixSpray-grade Adhesives: SPEB-7 SPRAYGRADE, SPEB-7 G1, SPEB-7 G7Premium Bonding Adhesives: SPEB-7 Premium SR-911Ducting and Insulation adhesives: SPEB-7 Duct Fix and SPEB-7 Duct Fix (Eco)As of November 20, 2025, the company had 41 permanent employees.Competitive StrengthsStrong Financial Foundation for Future GrowthConsistent Delivery Through a Trusted NetworkExperienced Promoters and senior management team

Objects of the Issue

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”);

General corporate purposes

Speb Adhesives Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹43.2

31 Mar 2024

₹45.5

31 Mar 2025

₹25.0

30 Sep 2025

Profit After Tax (PAT)

₹4.9

31 Mar 2024

₹5.9

31 Mar 2025

₹3.7

30 Sep 2025

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	25.04	45.54	43.21
EBITDA	4.88	7.83	6.53
Profit After Tax (PAT)	3.65	5.89	4.94
Net Worth	29.01	25.36	19.47
Total Assets	31.88	27.27	20.70
Reserves & Surplus	11.40	7.75	19.30
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	17.47%	—	—
PAT Margin (%)	13.16%	—	—

P/BV Ratio

4.32

RoE

26.30%

RoCE

32.07%

RoNW

26.30%

PAT Margin

13.16%

EBITDA Margin

17.47%

Issue Structure & Shareholding

Total Shares Offered60,24,000 (100.00%)

Net Offer to Public54,86,000 shares (aggregating up to ₹30.72 Cr)

Reserved for Market Maker5,38,000 shares (aggregating up to ₹3.01 Cr)

Pre-Issue Promoter Holding1,76,10,570 shares

Post-Issue Promoter Holding2,24,64,570 shares

P/BV Ratio4.32

RoE26.30%

RoCE32.07%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

spebadhesives.ipo@in.mpms.mufg.com

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Unistone Capital Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Speb Adhesives Ltd IPO subscribed? ▲

Speb Adhesives Ltd IPO is subscribed 1.00 times by Dec 03, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Speb Adhesives Ltd IPO retail subscription status? ▼

The Speb Adhesives Ltd IPO retail category is subscribed 1.00 times as of 03 Dec 2025. The retail portion is oversubscribed.

How to subscribe Speb Adhesives Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 01 Dec 2025 and closes 03 Dec 2025. Min investment: ₹112,000 (1 lot = 2,000 shares). UPI mandate: 2025-12-03.

How many times Speb Adhesives Ltd IPO subscribed? ▼

The Speb Adhesives Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Speb Adhesives Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Dec 2025. Refunds: on 05 Dec 2025.

When Speb Adhesives Ltd IPO will be listed? ▼

The Speb Adhesives Ltd IPO listing date is 08 Dec 2025, Monday. Listed on: NSE SME. Issue price: ₹56. Estimated listing: ₹56. GMP: NIL.

When Speb Adhesives Ltd IPO close? ▼

The Speb Adhesives Ltd IPO closes on 03 Dec 2025, Wednesday. UPI mandate: 2025-12-03. Allotment: 04 Dec 2025. Listing: 08 Dec 2025.

Quick Actions

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Live Price LIVE

Last Price₹56.00

Change—

Issue Price₹56.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹56

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹112,000

GMPNIL

Est. Listing₹56

Subscribed1.00x

Open Date01 Dec 2025

Close Date03 Dec 2025

Allotment04 Dec 2025

Listing Date08 Dec 2025

ExchangeNSE SME

UPI Deadline2025-12-03