Speb Adhesives IPO Subscription Day 1
Posted by : sachet | Mon Dec 01 2025
Here, Speb Adhesives IPO launched on 1st December 2025. The bidding for the issue will close on 3rd December 2025. The primary aim of the Speb Adhesives IPO is to raise ₹33.73 crores from the market. Also, the Speb Adhesives IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Speb Adhesives IPO subscription and details.
Speb Adhesives IPO Details
| IPO Open Date | 1st December 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹52 and ₹56 per share |
| Lot Size | 2,000 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & SME |
| IPO Close Date | 3rd December2025 |
| Listing Date | 8th December 2025 |
The price band for Speb Adhesives’ IPO has been set at Rs 52 to Rs 56, and a total of 60,24,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % of shares Offered |
| Market Maker Shares Offered | 5,38,000 | 8.93% |
| Qualified Institutional Investors | 27,26,000 | 45.25% |
| Non-Institutional Investors | 8,28,000 | 13.75% |
| Retail Investors | 19,32,000 | 32.07% |
| Total Shares Offered | 60,24,000 | 100.00% |
Speb Adhesives IPO Subscription Status
As of now, the Speb Adhesives IPO has been subscribed to 0.25 times. Of these, 0.16 times are subscribed by retail investors, 0.78 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Speb Adhesives IPO listing on 8th December 2025. Speb Adhesives also has a positive outlook behind the fresh issue of 49,00,000 shares to raise around Rs 33.73 crores.
Speb Adhesives IPO GMP Today
We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Speb Adhesives IPO GMP for 1st December 2025.
The grey market premium for this IPO has surged to 0.00% or Rs 52 per share. It indicates that the estimated listing price per share is Rs 182. Numerous factors played a pivotal role in this jump in Speb Adhesives’s IPO GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 1-12-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
| 30-11-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
| 29-11-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
| 28-11-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
| 27-11-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
| 26-11-2025 | ₹56.00 | ₹0.00 | ₹56.00 | 0.00% |
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 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.
| Year Ended | 30th September 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 31.88 | 27.27 | 20.70 | 19.89 |
| Revenue | 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 |
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.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 16.73 |
| EPS (Earnings Per Share) | 3.35 |
| RoNW | 26.30% |
| ROCE | 32.07% |
| ROE | 26.30% |
| EBITDA Margin | 17.47% |
| Price to Book Value | 4.32 |
| Market Capitalisation | ₹125.80 Cr. |
Speb Adhesives IPO Listing Expectations
Speb Adhesives Highlights: IPO allotment is still pending, as the bid will close today. However, given current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 0.00% jump in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 56.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Speb Adhesives IPO Dates
| IPO Open Date | 1st December 2025 |
| IPO Close Date | 3rd December 2025 |
| Allotment | 4th December 2025 |
| Refund Date | 5th December 2025 |
| IPO Listing Date | 8th December 2025 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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