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SPEBSME / NSEListed
Speb Adhesives

Speb Adhesive Limited manufactures and distributes solvent-based synthetic rubber adhesives while also offering water-based options. The company specializes in polychloroprene-based and SBS-based adhesives and provides a wide range of products such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, ducting and insulation adhesives, woodworking and footwear-grade adhesives, and adhesives for generator sets. Operating under a B2B model, Speb Adhesive serves industries like packaging, automotive, footwear, construction, woodworking, and furniture. Its manufacturing facility is located in the MIDC industrial area of Taloja, Raigad, Maharashtra, with a production capacity of 12,000 liters per day. As of November 20, 2025, the company has 41 permanent employees.

₹52 - ₹562.48x sub
Listed Price₹60.00
Listing Gain+7.14%

IPO Schedule & Timeline

Bookbuilding IPO
Open01 Dec 2025
Close03 Dec 2025
Allotment04 Dec 2025
Listing08 Dec 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor16,04,000 shares
26.63%
QIB11,22,000 shares
18.63%
HNI8,28,000 shares
13.75%
Retail19,32,000 shares
32.07%
Market Maker5,38,000 shares
8.93%

Minimum Application Lots

Retail2 Lots (4,000 shares)
₹2,24,000
sHNI3 Lots (6,000 shares)
₹3,36,000
bHNI9 Lots (18,000 shares)
₹10,08,000

Company Promoters

Kirtikumar VithlaniBhaumik VithlaniGaurav VithlaniHarish Vithlani

Company Background

Speb Adhesive Limited manufactures and distributes solvent-based synthetic rubber adhesives while also offering water-based options. The company specializes in polychloroprene-based and SBS-based adhesives and provides a wide range of products such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, ducting and insulation adhesives,...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹25.04 Cr
Growth-35.4%
Revenue Trend (₹ in Crores)
0.017.534.952.4Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2525.043.6531.880
Mar-2545.545.8927.270
Mar-2443.214.9420.700
Mar-2338.791.8319.890

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-252.0713.43%0%017.22
Mar-253.3526.30%0%16.730
Mar-242.5925.57%0%00

Peer Comparison & Valuation

Financial Performance

Jyoti Resins & Adhesives Limited

NAV/Share (₹)191.03
RONW(%)40.37
EPS (Basic) (₹)61.56

Nikhil Adhesives Limited

NAV/Share (₹)28.10
RONW(%)11.62
EPS (Basic) (₹)3.59

HP Adhesives Limited

NAV/Share (₹)20.06
RONW(%)12.18
EPS (Basic) (₹)1.99

Speb Adhesives Limited

NAV/Share (₹)14.40
RONW(%)26.30
EPS (Basic) (₹)3.35

Valuation

Jyoti Resins & Adhesives Limited

P/E(X)19.49
CMP* (₹)0
Face value (₹)10

Nikhil Adhesives Limited

P/E(X)28.13
CMP* (₹)0
Face value (₹)10

HP Adhesives Limited

P/E(X)23.57
CMP* (₹)0
Face value (₹)10

Speb Adhesives Limited

P/E(X)0
CMP* (₹)0
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
04 Dec 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
08 Dec 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Speb Adhesives. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization04 Dec 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 Dec 2025Trading commences on exchange

How to Check Speb Adhesives Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Speb Adhesives from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Speb Adhesives IPO

Complete issue overview for Speb Adhesives (SPEB) IPO. The issue features an equity share price band of ₹52 – ₹56 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,12,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions