Speb Adhesives IPO Details 2025
SME
Speb Adhesives IPO opens for subscription on 01 Dec 2025 and closes on 03 Dec 2025. The IPO will be listed on NSE with the tentative listing date set for 08 Dec 2025.
Speb Adhesives IPO price band has been fixed at ₹52 – ₹56 per share.The face value is ₹10 per share with a lot size of 2000.
Speb Adhesives IPO total issue size comprises 60,24,000 shares (aggregating up to ₹33.73 Cr.). This includes a fresh issue of 48,54,000 shares (aggregating up to ₹27.18 Cr.). Offer for Sale consists of 11,70,000 shares (aggregating up to ₹6.55 Cr.). Pre-issue shareholding stands at 1,76,10,570, which will increase to 2,24,64,570 post-issue.
Speb Adhesives IPO Lot Size : Individual Minimum is 2 lots (4,000 shares) amounting to ₹224,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹224,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹336,000. SHNI Maximum is 8 lots (16,000 shares) amounting to ₹896,000. BHNI Minimum is 9 lots (18,000 shares) amounting to ₹1,008,000.
The Lead Managers for Speb Adhesives IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Unistone Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Kalpalabdhi Financials Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Speb Adhesives Limited RHP.
Speb Adhesives IPO Details
Speb Adhesives IPO Subscription
Speb Adhesives IPO Application Wise Breakup
Speb Adhesives IPO Dates
- 01 Dec 2025Opening dateOPD
- 03 Dec 2025Closing dateCOD
- 04 Dec 2025Allotment Date BOA
- 05 Dec 2025Initiation of RefundsIOR
- 05 Dec 2025Credit of SharesCOS
- 08 Dec 2025Listing dateLID
Speb Adhesives IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹224,000 |
| Individual Maximum | 2 | 4000 | ₹224,000 |
| SHNI Minimum | 3 | 6000 | ₹336,000 |
| SHNI Maximum | 8 | 16000 | ₹896,000 |
| BHNI Minimum | 9 | 18000 | ₹1,008,000 |
Speb Adhesives IPO Reservation
Promoter Holding
Speb Adhesives IPO Valuations
Speb Adhesives 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 |
| Amount in ₹ Crore | ||||
About Speb Adhesives IPO
Speb Adhesive Limited is involved in the manufacturing and distribution of solvent-based synthetic rubber adhesives.
The company produces both water-based and solvent-based adhesive solutions. Within its solvent-based range, it focuses on polychloroprene-based and SBS (styrene-butadiene-styrene)-based formulations.
Its product lineup includes multi-purpose adhesives, spray-grade variants, premium bonding solutions, ducting and insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesive products designed for generator sets.
Speb Adhesive Limited operates on a B2B business model, supplying its products to a wide range of industries such as packaging, automotive, footwear, construction, woodworking, and furniture manufacturing.
The company’s production facility is situated in the MIDC industrial area, Taloja, Raigad, Maharashtra, with an installed manufacturing capacity of 12,000 liters per day.
Products:
- Multipurpose Adhesive: SPEB-7 Multipurpose Adhesive, SPEB-7 Multi-fix tube, SPEB-7 FlooRBonD, SPEB- 7 WaLLFix
- Spray-grade Adhesives: SPEB-7 SPRAYGRADE, SPEB-7 G1, SPEB-7 G7
- Premium Bonding Adhesives: SPEB-7 Premium SR-911
- Ducting and Insulation adhesives: SPEB-7 Duct Fix and SPEB-7 Duct Fix (Eco)
As of November 20, 2025, the company had 41 permanent employees.
Strength Of Speb Adhesives IPO
- Strong Financial Foundation for Future Growth.
- Diverse product portfolio.
- Consistent Delivery Through a Trusted Network.
- Experienced Promoters and senior management team.
Risk Of Speb Adhesives IPO
- We depend on our Multipurpose Products category for a significant portion of our revenues (55.79%, 59.02%, 62.01%, and 64.75% of our revenue from operations for the period ended September 30, 2025 and Fiscal Year March 31, 2025, March 31, 2024, and March 31, 2023).
- We rely on the availability of Toluene, Hexane, Synthetic Rubber and other raw materials, as well as third-party suppliers and manufacturers, for the uninterrupted supply of raw materials. We do not have continuing or exclusive arrangements with any supplier, and our top 10 suppliers contribute to more than 76.74% of our total raw material and supply costs for the period ended September 30, 2025. The loss of key suppliers or delays in raw material deliveries could adversely impact our business, financial condition, results of operations, and cash flows.
- Our existing and proposed manufacturing facility situated in Maharashtra, which exposes us to regional risks and risks in relation to our manufacturing process. Any disruption, slowdown, or shutdown in our manufacturing operations could adversely affect our business, results of operations, financial condition and cash flows.
- Our revenues are highly dependent on customers primarily located in Maharashtra. Any decline economic health in Maharashtra could adversely affect our business, financial condition and results of operations.
- We are dependent on third party transportation providers for delivery of raw materials to our company from our suppliers and delivery of our finished products to our customers. We have not entered into any formal contracts with our transport providers and any failure on part of such service providers to meet their obligations could adversely affect our business, financial condition and results of operation.
- A majority of our revenue from operations is from our top 10 customers (which accounted for more than 39.39%, 38.14%, 36.61%, and 40.22% of our total revenue from operations for the period ended September 30, 2025, and Fiscal Year ended March 31, 2025, March 31, 2024, and March 31, 2023). Loss of any such customers or reduction in business or demand from such customers will have a significant adverse impact on our business and results of operation.
- Our Company is yet to place orders for the plant and machinery for the proposed manufacturing unit. Any delay in placing orders or procurement of such plant and machinery may delay the schedule of implementation and possibly increase the cost of commissioning the manufacturing unit.
- We have witnessed negative cash flow from operating activities in the past. Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and our financial condition.
- Under-utilization of our manufacturing capacity and an inability to effectively utilize our expanded manufacturing capacity could have an adverse effect on our business, future prospects, and financial performance, and the information on installed capacities, historical production, and capacity utilization included in this Red Herring Prospectus is based on estimates.
- Delay in customer payments and receivables may adversely impact on our profits and affect our cash flows.
Objectives Speb Adhesives IPO
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”);
2. General corporate purposes
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports