Speb Adhesives Limited Link 
Allotment
The Speb Adhesives IPO is a book-built public issue with a total size of ₹33.73 crore. The offering includes a fresh issue of 0.49 crore equity shares raising ₹27.18 crore, along with an offer for sale of 0.12 crore shares valued at ₹6.55 crore.
The IPO opened for subscription on December 1, 2025, and closed on December 3, 2025. The basis of allotment was finalized on December 4, 2025, and the company’s shares were listed on the NSE SME platform on December 8, 2025.
The issue was priced at ₹56 per share, with applications required in lots of 2,000 shares. At the upper end of the price band, retail investors were required to make a minimum investment of ₹2,24,000 for 4,000 shares. For high net-worth investors, the minimum application size was three lots, or 6,000 shares, translating to an investment of ₹3,36,000.
Unistone Capital Private Limited acted as the book-running lead manager for the issue, while MUFG Intime India Private Limited served as the registrar. Kalpalabdhi Financials Private Limited was appointed as the market maker for the IPO.
₹56
0%
Open
₹56
HIgh - Low
₹56
Previous Close
₹56
Total Traded Value
0
52 Weeks High
₹56
52 Weeks Low
₹56
Updates On
Nov 25, 2025
IPO. Open
Dec 1, 2026
IPO. Close
Dec 3, 2026
IPO. Price
₹56.00
IPO Market price
₹125.80 Cr
IPO Details
| IPO Date | 8 Dec |
| IPO Listing Date | 8 Dec |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹56.00 |
| IPO Issue Size | 60,24,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,76,10,570 shares |
IPO Timeline
| IPO Open Date | 1 Dec |
| IPO Close Date | 3 Dec |
| IPO Allotment (Tentative) | 4 Dec |
| Refunds | 5 Dec |
| Credit to Demat Account | 5 Dec |
| IPO Listing Date | 8 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 27,26,000 (45.25%) |
| NII (HNI) Shares Offered | 8,28,000 (13.75%) |
| Retail Shares Offered | 19,32,000 (32.07%) |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares, with additional shares available in multiples of 2,000.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,24,000 |
| Retail (Max) | 2 | 4000 | ₹2,24,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,36,000 |
| S-HNI (Max) | 8 | 16000 | ₹8,96,000 |
| B-HNI (Min) | 9 | 18000 | ₹10,08,000 |
Speb Adhesives Limited is engaged in the manufacture and distribution of synthetic rubber–based adhesives, with a primary focus on solvent-based formulations. In addition to solvent-based products, the company also offers water-based adhesive solutions. Within the solvent-based category, Speb Adhesives specializes in polychloroprene and SBS (styrene-butadiene-styrene)–based adhesives designed for a wide range of industrial applications.
The company’s product portfolio includes multipurpose adhesives, spray-grade adhesives, premium bonding solutions, ducting and insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in generator set applications. These products are supplied under a B2B business model to customers across diverse industries such as packaging, automotive, footwear, construction, woodworking, and furniture manufacturing.
Speb Adhesives operates a manufacturing facility located in the MIDC industrial area of Taloja, Raigad district, Maharashtra. The plant has an installed production capacity of approximately 12,000 liters per day, supporting consistent and scalable supply to its customer base.
The company’s product range includes SPEB-7 multipurpose adhesives such as SPEB-7 Multipurpose Adhesive, SPEB-7 Multi-Fix Tube, SPEB-7 FloorBond, and SPEB-7 WallFix. Its spray-grade offerings include SPEB-7 Spraygrade, SPEB-7 G1, and SPEB-7 G7, while premium bonding solutions include SPEB-7 Premium SR-911. For ducting and insulation applications, the company offers SPEB-7 Duct Fix and SPEB-7 Duct Fix (Eco).
As of November 20, 2025, Speb Adhesives Limited employed 41 permanent staff members.
Key competitive strengths of the company include a strong financial base that supports future growth, reliable product delivery through an established distribution network, and the guidance of experienced promoters and a seasoned senior management team.
Company Financials (Consolidated)
| Assets | 31.88 | 27.27 | 20.70 |
| Total Income | 25.04 | 45.54 | 43.21 |
| Profit After Tax | 3.65 | 5.89 | 4.94 |
| EBITDA | 4.88 | 7.83 | 6.53 |
| NET Worth | 29.01 | 25.36 | 19.47 |
| Reserves and Surplus | 11.4 | 7.75 | 19.3 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | 26% |
| ROCE | 32% |
| Debt/Equity | - |
| RoNW | 26.30% |
| PAT Margin | 13.16% |
| EBITDA Margin | 17.47% |
| Price to Book Value | 4.32 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 4.06 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Speb Adhesives Limited
Plot No. J-33, MIDC
Taloja, Raigad
Panvel, Maharashtra – 410208
Phone: +91 77385 32223
Email: cs@speb7.com
Website: www.speb7.com
Detail Registrar
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: spebadhesives.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
The Speb Adhesives IPO was a ₹33.73 crore book-built issue comprising a fresh issue of ₹27.18 crore and an offer for sale worth ₹6.55 crore.
The IPO opened on December 1, 2025, closed on December 3, 2025, and the equity shares were listed on the NSE SME platform on December 8, 2025.
The IPO was priced at ₹56 per share with a lot size of 2,000 shares. Retail investors had to apply for two lots, requiring a minimum investment of ₹2,24,000.
Speb Adhesives manufactures and distributes solvent-based and water-based synthetic rubber adhesives, serving B2B clients across packaging, automotive, footwear, construction, woodworking, and furniture industries.
Unistone Capital Private Limited acted as the book-running lead manager, MUFG Intime India Private Limited was the registrar, and Kalpalabdhi Financials Private Limited served as the market maker.
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