Speb Adhesives IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 01 to Dec 03 2025
Price Band
₹52 - 56
Current GMP
₹60.0 (+7.14%)
Subscription
2.34 times
IPO Details
| IPO Date | Mon, Dec 1, 2025 to Wed, Dec 3, 2025 |
| Listing Date | Mon, Dec 8, 2025 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹52 to ₹56 per share |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,24,000 shares (aggregating up to ₹ 33.73 Cr) |
| Reserved for Market Maker | 5,38,000 shares (aggregating up to ₹ 3.01 Cr) Kalpalabdhi Financials Private Limited |
| Fresh Issue | (Ex Market Maker) 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) |
| Net Offered to Public | 54,86,000 shares (aggregating up to ₹ 30.72 Cr) |
| Share Holding Pre Issue | 1,76,10,570 shares |
| Share Holding Post Issue | 2,24,64,570 shares |
| NSE Symbol | SPEB |
| ISIN | INE1CW901027 |
IPO Date
Mon, Dec 1, 2025 to Wed, Dec 3, 2025
Listing Date
Mon, Dec 8, 2025
Face Value
₹ 10 per share
Issue Price Band
₹52 to ₹56 per share
Issue Price
₹56 per share
Lot Size
2,000 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
60,24,000 shares (aggregating up to ₹ 33.73 Cr)
Reserved for Market Maker
5,38,000 shares (aggregating up to ₹ 3.01 Cr) Kalpalabdhi Financials Private Limited
Fresh Issue
(Ex Market Maker) 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)
Net Offered to Public
54,86,000 shares (aggregating up to ₹ 30.72 Cr)
Share Holding Pre Issue
1,76,10,570 shares
Share Holding Post Issue
2,24,64,570 shares
NSE Symbol
SPEB
ISIN
INE1CW901027
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 2.06 |
| Non-Institutional Buyers*** | 4.09 |
| bNII (bids above ₹10L) | 4.88 |
| sNII (bids below ₹10L) | 2.51 |
| Individual Investors (IND category bidding for 2 Lots) | 1.75 |
| Total ** | 2.34 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
2.06
Non-Institutional Buyers***
4.09
bNII (bids above ₹10L)
4.88
sNII (bids below ₹10L)
2.51
Individual Investors (IND category bidding for 2 Lots)
1.75
Total **
2.34
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Dec 1, 2025 | 0.00 | 0.78 | 1.11 | 0.13 | 0.16 | 0.25 |
| Day 2 Dec 2, 2025 | 0.49 | 0.81 | 1.08 | 0.27 | 0.35 | 0.49 |
| Day 3 Dec 3, 2025 | 2.06 | 4.09 | 4.88 | 2.51 | 1.75 | 2.34 |
DayDay 1
Dec 1, 2025
QIB (Ex Anchor)0.00
NII*0.78
NII (> ₹10L)1.11
NII (< ₹10L)0.13
Individual Investors0.16
Total0.25
DayDay 2
Dec 2, 2025
QIB (Ex Anchor)0.49
NII*0.81
NII (> ₹10L)1.08
NII (< ₹10L)0.27
Individual Investors0.35
Total0.49
DayDay 3
Dec 3, 2025
QIB (Ex Anchor)2.06
NII*4.09
NII (> ₹10L)4.88
NII (< ₹10L)2.51
Individual Investors1.75
Total2.34
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-12-2025 | 56.00 | 0(0.00%) | 56 |
| 07-12-2025 | 56.00 | 0(0.00%) | 56 |
| 06-12-2025 | 56.00 | 0(0.00%) | 56 |
| 05-12-2025 | 56.00 | 0(0.00%) | 56 |
| 04-12-2025 | 56.00 | 0(0.00%) | 56 |
| 03-12-2025 | 56.00 | 0(0.00%) | 56 |
| 02-12-2025 | 56.00 | 0(0.00%) | 56 |
| 01-12-2025 | 56.00 | 0(0.00%) | 56 |
| 30-11-2025 | 56.00 | 0(0.00%) | 56 |
| 29-11-2025 | 56.00 | 0(0.00%) | 56 |
| 28-11-2025 | 56.00 | 0(0.00%) | 56 |
| 27-11-2025 | 56.00 | 0(0.00%) | 56 |
| 26-11-2025 | 56.00 | 0(0.00%) | 56 |
Date08-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date07-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date06-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date05-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date04-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date03-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date02-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date01-12-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date30-11-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date29-11-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date28-11-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date27-11-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
Date26-11-2025
Price56.00
GMP0(0.00%)
Estimate List Price56
IPO Important Dates
| IPO Open Date | Mon, Dec 1, 2025 |
| IPO Close Date | Wed, Dec 3, 2025 |
| Tentative Allotment | Thu, Dec 4, 2025 |
| Initiation of Refunds | Fri, Dec 5, 2025 |
| Credit of Shares to Demat | Fri, Dec 5, 2025 |
| Tentative Listing Date | Mon, Dec 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 3, 2025 |
IPO Open Date
Mon, Dec 1, 2025
IPO Close Date
Wed, Dec 3, 2025
Tentative Allotment
Thu, Dec 4, 2025
Initiation of Refunds
Fri, Dec 5, 2025
Credit of Shares to Demat
Fri, Dec 5, 2025
Tentative Listing Date
Mon, Dec 8, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Dec 3, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,24,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,24,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,36,000 |
| S-HNI (Max) | 8 | 16,000 | ₹8,96,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,08,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,24,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,24,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹3,36,000
ApplicationS-HNI (Max)
Lots8
Shares16,000
Amount₹8,96,000
ApplicationB-HNI (Min)
Lots9
Shares18,000
Amount₹10,08,000
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 31.88 | 27.27 | 20.70 | 19.89 |
| Total Income | 25.04 | 45.54 | 43.21 | 38.79 |
| Profit After Tax | 3.65 | 5.89 | 4.94 | 1.83 |
| EBITDA | 4.88 | 7.83 | 6.53 | 2.43 |
| NET Worth | 29.01 | 25.36 | 19.47 | 19.46 |
| Reserves and Surplus | 11.40 | 7.75 | 19.30 | 19.27 |
Period EndedAssets
30 Sep 202531.88
31 Mar 202527.27
31 Mar 202420.70
31 Mar 202319.89
Period EndedTotal Income
30 Sep 202525.04
31 Mar 202545.54
31 Mar 202443.21
31 Mar 202338.79
Period EndedProfit After Tax
30 Sep 20253.65
31 Mar 20255.89
31 Mar 20244.94
31 Mar 20231.83
Period EndedEBITDA
30 Sep 20254.88
31 Mar 20257.83
31 Mar 20246.53
31 Mar 20232.43
Period EndedNET Worth
30 Sep 202529.01
31 Mar 202525.36
31 Mar 202419.47
31 Mar 202319.46
Period EndedReserves and Surplus
30 Sep 202511.40
31 Mar 20257.75
31 Mar 202419.30
31 Mar 202319.27
Key Performance Indicator
| ROE | 26.30% |
| ROCE | 32.07% |
| RoNW | 26.30% |
| PAT Margin | 13.16% |
| EBITDA Margin | 17.47% |
| Price to Book Value | 4.32 |
ROE
26.30%
ROCE
32.07%
RoNW
26.30%
PAT Margin
13.16%
EBITDA Margin
17.47%
Price to Book Value
4.32
IPO Reservation
| Market Maker Shares Offered | 5,38,000 (8.93%) |
| QIB Shares Offered | 27,26,000 (45.25%) |
| − Anchor Investor Shares Offered | 16,04,000 (26.63%) |
| − QIB (Ex. Anchor) Shares Offered | 11,22,000 (18.63%) |
| NII (HNI) Shares Offered | 8,28,000 (13.75%) |
| − bNII > ₹10L | 5,52,000 (9.16%) |
| − sNII < ₹10L | 2,76,000 (4.58%) |
| Retail Shares Offered | 19,32,000 (32.07%) |
| Total Shares Offered | 60,24,000 (100.00%) |
Market Maker Shares Offered
5,38,000 (8.93%)
QIB Shares Offered
27,26,000 (45.25%)
− Anchor Investor Shares Offered
16,04,000 (26.63%)
− QIB (Ex. Anchor) Shares Offered
11,22,000 (18.63%)
NII (HNI) Shares Offered
8,28,000 (13.75%)
− bNII > ₹10L
5,52,000 (9.16%)
− sNII < ₹10L
2,76,000 (4.58%)
Retail Shares Offered
19,32,000 (32.07%)
Total Shares Offered
60,24,000 (100.00%)
Objectives of IPO
The Company Speb Adhesives IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 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”); 20.44 2 General corporate purposes 4.06
Disclaimer
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