Speb Adhesives Limited – IPO
Speb Adhesives Limited – IPO Details
| IPO Date | December 1, 2025 to December 3, 2025 |
| Listing Date | December 8, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 52 to ₹ 56 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 60,24,000 shares (Aggregating up to ₹33.73 Cr) |
| Fresh Issue | 43,16,000 shares (Aggregating up to ₹24.17 Cr) |
| Offer for Sale | 11,70,000 shares of ₹10 (Aggregating up to ₹6.55 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,76,10,570 shares |
| Share holding post issue | 2,24,64,570 shares |
| Market Maker portion |
Speb Adhesives Limited Timeline (Tentative Schedule)
Speb Adhesives Limited IPO opens on December 1, 2025, and closes on December 3, 2025.
| IPO Open Date | December 1, 2025 |
| IPO Close Date | December 3, 2025 |
| Basis of Allotment | December 4, 2025 |
| Initiation of Refunds | December 5, 2025 |
| Credit of Shares to Demat | December 5, 2025 |
| Listing Date | December 8, 2025 |
| Cut-off time for UPI mandate confirmation | December 3, 2025 |
Speb Adhesives Limited IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs.224,000 |
| Retail (Max) | 2 | 4,000 | Rs.224,000 |
| S-HNI (Min) | 3 | 6,000 | Rs.336,000 |
| S-HNI (Max) | 8 | 16,000 | Rs.896,000 |
| B-HNI (Min) | 9 | 18,000 | Rs.1,008,000 |
| HNI (Min) |
Speb Adhesives Limited IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Speb Adhesives Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Speb Adhesives Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Speb Adhesives Limited
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 WaLLFix
- Spray-grade Adhesives: SPEB-7 SPRAYGRADE, SPEB-7 G1, SPEB-7 G7
- Premium Bonding Adhesives: SPEB-7 Premium SR-911
- Ducting 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 Strengths
- Strong Financial Foundation for Future Growth
- Consistent Delivery Through a Trusted Network
- Experienced Promoters and senior management team
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 26.30% |
| ROCE | 32.07% |
| Debt/Equity | 26.30% |
| RoNW | |
| P/BV | 4.32 |
| PAT Margin (%) | 13.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.35 | 3.25 |
| P/E (x) | 16.73 | 17.22 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, which is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025, which is available in RHP.
Objects of the Issue (Speb Adhesives Limited IPO Objectives)
Speb Adhesives Limited Contact Details
Speb Adhesives Ltd. Plot No. J 33, MIDC, Taloja, Raigad, Panvel, Maharashtra, 410208 Phone: +91 7738532223 Email: [email protected] Website: http://www.speb7.com/ |
Speb Adhesives Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |