Speb Adhesives Limited operates in the adhesives manufacturing segment, offering a mix of solvent-based synthetic rubber adhesives and water-based formulations. Its portfolio covers multipurpose, spray-grade, premium bonding, insulation, woodworking, and footwear-grade adhesives, used across industries such as packaging, automotive, construction, footwear, and furniture. The company functions under a B2B model and has built its presence through sector-wide supply relationships supported by its manufacturing facility in Taloja, Maharashtra. Its positioning is shaped by its focus on industrial adhesives and its ability to cater to varied application needs across different end-use sectors.
Applicants can participate in the Speb Adhesives IPO through online trading platforms or banking applications that provide IPO access. The process typically involves logging in, navigating to the IPO section, selecting the specific IPO, and entering the preferred bid quantity based on the lot size defined in the offer document. Applicants then submit the application using UPI authentication through an approved payment app. Once the mandate request appears, it must be authorised within the stipulated time for the application to be considered valid. Acknowledgement details are then reflected in the platform used for applying.
For more details, visit the Speb Adhesives Limited IPO page.
Speb Adhesives Limited IPO Details and Objectives
Details
| Information
|
IPO Date
| December 1, 2025 to December 3, 2025
|
Issue Size
| 60,24,000 shares (aggregating up to ₹33.73 Cr)
|
Price Band
| ₹52 to ₹56 per share
|
Lot Size
| 2000 shares
|
Listing At
| NSE, SME
|
Market Maker
| Kalpalabdhi Financials Private Limited
|
Purpose of the IPO
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”)
General corporate purposes
Timeline of Speb Adhesives Limited IPO
Event
| Date
|
|---|
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
|
Pricing & Lot Size of Speb Adhesives Limited IPO
Price Band for the IPO
Minimum Lot Size and Application Details
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
|
Speb Adhesives Limited IPO Application Process
The Speb Adhesives Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using the broker's app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Speb Adhesives Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (lot size: 2000 shares) within the price band of ₹52 to ₹56 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorization and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Financial Health and Performance
Key Financial Metrics
Total Assets: Grew from ₹19.89 crore in FY23 to ₹31.88 crore as of Sept 2025.
Total income: Reached ₹25.04 crore in FY25.
Profit After Tax (PAT): Stood at ₹3.65 crore for Sept 2025.
Net Worth: Recorded at ₹29.01 crore in FY25.
Reserves and Surplus: Recorded at ₹11.40 crore (Sept 2025), growing steadily over the years.
EBITDA: Stood at ₹4.88 crore in Sept 2025.
Recent Performance and Growth Prospects
The company has reported steady expansion in its asset base over recent financial periods, indicating an increase in operational scale.
Its overall income has shown consistent improvement, reflecting sustained business activity across key segments.
Profit levels have remained stable, supported by ongoing demand for its products and operational efficiency.
The organisation’s net worth has strengthened, supported by internal accruals and a gradual build-up of financial stability.
Reserves have continued to grow over time, highlighting a cautious and structured approach to financial management.
Operating performance has remained healthy, with earnings before interest, tax, depreciation, and amortisation showing resilience during the latest reporting period.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The company operates in a sector influenced by fluctuations in raw material availability, which may affect cost structures and production planning.
Its business relies on demand from multiple industries, and any slowdown in these segments may impact order volumes and operational performance.
Opportunities and Growth Potential
Expansion of the manufacturing footprint, particularly in water-based adhesive production, may enhance the company’s ability to serve a broader industrial customer base.
Diversified product usage across packaging, automotive, construction, footwear, and furniture sectors provides scope for consistent market presence as these industries evolve.
Key Performance Indicator (KPI)
KPI
| Values
|
ROE
| 26.30%
|
ROCE
| 32.07%
|
RoNW
| 26.30%
|
PAT Margin
| 13.16%
|
EBITDA Margin
| 17.47%
|
Price to Book Value
| 4.32
|
Market Capitalization
| ₹125.80 Cr.
|
Speb Adhesives Limited IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
|---|
MUFG Intime India Pvt.Ltd.
| Unistone Capital Pvt.Ltd.
|
Company Address of Speb Adhesives Limited Ltd.
Speb Adhesives Ltd. Plot No. J 33, MIDC, Taloja, Raigad, Panvel, Maharashtra, 410208
Phone: +91 7738532223
Email: cs@speb7.com
Website: http://www.speb7.com/
Conclusion
Speb Adhesives Limited’s IPO presents information about the company’s operations, product profile, and the process through which applicants can participate. The business functions across several industrial segments, and the offer document outlines the objectives related to capacity expansion and general corporate requirements. Applicants may review these details to understand the company's activities and its operational approach before proceeding.
The application process follows a standard online flow through eligible trading platforms, where users can submit bids within the specified price band and timelines. Details regarding allotment, refunds, and listing are provided in the schedule included in the offer information. Individuals may refer to the official IPO page and exchange filings for updates and procedural clarity.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Speb Adhesives IPO allotment status.