Speb Adhesives Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,726,000 (45%) | — | ₹1,527 Cr |
| NII (HNI) | — | 828,000 (14%) | — | ₹464 Cr |
| Retail | — | 1,932,000 (32%) | — | ₹1,082 Cr |
| Market Maker | — | 538,000 (9%) | — | ₹30 Cr |
| Σ Total | — | 6,024,000 (100%) | — | ₹33,734 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹112,000 |
| Retail (Max) | 13 | 26,000 | ₹1,456,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,568,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,504,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 25 | 46 | 43 |
| EBITDA | 5 | 8 | 7 |
| Profit After Tax | 4 | 6 | 5 |
| Net Worth | 29 | 25 | 19 |
| Total Assets | 32 | 27 | 21 |
| Reserves & Surplus | 11 | 8 | 19 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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”); – 20.44
- General corporate purposes – 4.06
Company Overview
Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.
The company offers both the 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 include multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Set.
The company follows B2B business model and sells products to diverse sectors including packaging, automotive, footwear, construction, woodworking, and furniture.
Its manufacturing facility is located at MIDC industrial area, Taloja, Raigad, Maharashtra with an installed 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.
Competitive Strengths
- Strong Financial Foundation for Future Growth
- Consistent Delivery Through a Trusted Network
- Experienced Promoters and senior management team