Speb Adhesives IPO GMP & Review: Apply or Avoid?

Speb Adhesives IPO is open for bidding from 1st December 2025 to 3rd December 2025. It is a bookbuilding IPO of ₹33.73 crore, an entirely fresh issue of 49,00,000 shares, and an offer-for-sale of 0.1.2 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 8th December 2025. 

Speb Adhesives IPO Details 

The Speb Adhesives IPO date is fixed between 1st December 2025 and 3rd December 2025. The face value of Speb Adhesives shares stands at ₹10 per share, and the IPO Issue price band is set at ₹52 to ₹56 per share

MUFG Intime India Private Limited is the registrar of the Speb Adhesives IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Speb Adhesives IPO Share Reservation

Speb Adhesives IPO is a bookbuilding IPO issue of 49,00,000 shares worth ₹33.73 crores. Speb Adhesives IPO Limited shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Speb Adhesives IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Speb Adhesives IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 1st December 2025, Speb Adhesives IPO GMP stands at ₹56 per share, which means the share will likely show a listing at ₹56 on its tentative listing date, 8th December 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Speb Adhesives IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Speb Adhesives IPO GMP Review

Check out the detailed Speb Adhesives GMP IPO review for a thorough understanding of its potential to report listing gains on 8th December 2025. The Speb Adhesives IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Speb Adhesives IPO.

Speb Adhesives Limited’s revenue soared by 5% from ₹43.21 crores in March 2024  to ₹45.54 crores in March 2025. Moreover, the company’s PAT increased by 19% from ₹4.94 crores in March 2024 to ₹5.89 crores in March 2025.

Speb Adhesives  Ipo has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Speb Adhesives IPO for its tentative listing day, which is 8th December 2025. 

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Speb Adhesives IPO.

The PE ratio of Speb Adhesives Limited shares is 16.73, and its Earnings Per Share (EPS) stands at 3.35. Thus, the Speb Adhesives IPO can potentially deliver gains on its tentative listing date, 8th December 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Speb Adhesives Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Speb Adhesives IPO Subscription Status

Speb Adhesives IPO is to be opened for bidding on 1st December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Speb Adhesives IPO Subscription Status. 

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 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 includes multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator sets.

• Strong Financial Foundation for Future Growth
• Consistent Delivery Through a Trusted Network
• Experienced Promoters and senior management team

Speb Adhesives Limited Financials

The company’s financial analysis is essential before applying for the Speb Adhesives IPO. Look at the table to learn about Speb Adhesives Limited’s financials. 

Explanation

Speb Adhesives Limited’s revenue soared by 5% from ₹43.21 crores in March 2024  to ₹45.54 crores in March 2025. Moreover, the company’s PAT increased by 19% from ₹4.94 crores in March 2024 to ₹5.89 crores in March 2025.

Speb Adhesives IPO Bidding Requirements

Investors can bid for a Minimum of 4,000 shares in multiples of 2,000 Shares thereof. The following table shows the minimum and maximum investments by Individual Investors (Retail) and HNI, expressed in terms of shares and amount.

Speb Adhesives IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.

Use the lot size calculator to find how many shares you should apply!

Speb Adhesives Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Speb Adhesives Limited. Kirtikumar Vithlani, Bhaumik Vithlani, Gaurav Vithlani and Harish Vithlani are the promoters of the company. 

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of Speb Adhesives IPO

The primary aim of the Speb Adhesives IPO is to raise ₹33.73 crores. On the other hand, Speb Adhesives has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Speb Adhesives IPO.

• Part-finance the cost of establishing a 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”);
• To meet general corporate requirements

Should I Invest in Speb Adhesives IPO?

SAL manufactures solvent-based synthetic rubber adhesives. It operates in a highly competitive, fragmented segment. The company posted growth in its top and bottom lines for the reported periods. Boosted margins from FY24 raise eyebrows and concern over its sustainability going forward. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term, by Dilip Davda, Chief Executive at Chittorgarh.

Explore the pros and cons of Speb Adhesives to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of Speb Adhesives IPO

• Substantial and diversified adhesive product portfolio.
• Consistent revenue and profit growth in recent years.
• ISO-certified manufacturing unit with decent production capacity.
• Growing demand for adhesives across the construction and industrial sectors.
• SME IPO pricing appears reasonable for early-stage investors.

Cons of Speb Adhesives  IPO

• High dependency on limited raw material suppliers.
• Significant revenue is concentrated in Maharashtra, increasing regional risk.
• SME IPOs generally face low liquidity and higher volatility.
• Small-scale operations compared to larger adhesive brands.
• Business is vulnerable to fluctuations in chemical/raw material prices.

How to Apply for Speb Adhesives IPO?

Check the steps mentioned below to apply for Speb Adhesives Ltd.

• Step 1: Conduct thorough research on the Speb Adhesives IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for two lots of 4,000 shares worth ₹2,24,000
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Speb Adhesives IPO across multiple demat accounts to increase your chances of allotment. 

How to Check Speb Adhesives IPO Allotment Status?

You can check for the Speb Adhesives IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Speb Adhesives IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Speb Adhesives IPO allotment status.

Let’s Wrap

Speb Adhesives IPO is a bookbuilding issue of shares worth ₹33.73 crores. The shares of Speb Adhesives Limited will be listed on NSE and SME on its tentative listing date of 8th December 2025. Researching the Speb Adhesives IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Speb Adhesives IPO

How is the Speb Adhesives IPO?

Ans. Currently, on 1st December 2025, the Speb Adhesives GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹56 per share. It is a bookbuilding IPO of 49,00,000 shares worth ₹33.73 crores. The face value of each Speb Adhesives share is ₹10. 

What is the Speb Adhesives IPO price?

Ans. The Speb Adhesives IPO issue price band is set at ₹52 to ₹56 per share. Retail investors can apply for a minimum of 2 lots consisting of 4,000 shares worth ₹2,24,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,36,000.

Is the Speb Adhesives IPO a good investment?

Ans. Speb Adhesives Limited’s revenue soared by 5% from ₹43.21 crores in March 2024  to ₹45.54 crores in March 2025. Moreover, the company’s PAT increased by 19% from ₹4.94 crores in March 2024 to ₹5.89 crores in March 2025.

Who is the registrar of the Speb Adhesives IPO?

Ans.  MUFG Intime India Limited is the registrar for the Speb Adhesives IPO, awaiting to manage the allotment process and initiate refunds. For any queries regarding the Speb Adhesives allotment and refund, you can contact MUFG Intime India Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.

What is the issue size of the Speb Adhesives IPO? 

Ans. Speb Adhesives IPO is a bookbuilding IPO for ₹49,00,000 shares worth ₹33.73 crore. Moreover, the IPO is set to open on 1st December 2025 and will be closed on 3rd December 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Speb Adhesives IPO, download the Speb Adhesives IPO RHP and Speb Adhesives IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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