Speb Adhesives IPO Date, Review, Price, Allotment Details
The Speb Adhesives IPO is scheduled to open on December 1, 2025, and close on December 3, 2025. This Book Built Issue plans to raise ₹33.73 crores, comprising a fresh issue of ₹27.18 crores and an offer for sale of 11,70,000 equity shares with a face value of ₹10 each.
The IPO price band ranges from ₹52 to ₹56 per share, with 35% allocated to retail investors, 50% to QIBs, and 25% to HNIs. The IPO is expected to list on the NSE on December 8, 2025, while the allotment will be finalised on December 4, 2025.
For FY 2025, the company reported a revenue of ₹45.54 crores, up from ₹43.21 crores in 2024, and a profit of ₹5.89 crores, compared to ₹4.94 crores the previous year. Given its consistent financial performance, the IPO may appeal to long-term investors.
Speb Adhesives IPO Details
IPO Open Date December 1, 2025 IPO Close Date December 3, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹52 to ₹56 Per Share Issue Size Approx ₹33.73 Crores Fresh Issue Approx ₹27.18 Crores Offer for Sale: Approx 11,70,000 Equity Shares Issue Type Book Build Issue IPO Listing NSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Speb Adhesives IPO Market Lot
The Speb Adhesives IPO minimum market lot is 4,000 shares, with an application amount of ₹ 2,24,000.
Application Lot Size Shares Amount Retail Minimum 2 4,000 ₹2,24,000 Retail Maximum 2 4,000 ₹2,24,000 S-HNI Minimum 3 6,000 ₹3,36,000 S-HNI Maximum 8 16,000 ₹8,96,000 B-HNI Minimum 9 18,000 ₹10,08,000
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor 16,04,000 Shares 26.63% QIB (Ex. Anchor) 11,22,000 Shares 18.63% NII Shares Offered 8,28,000 Shares 13.75% Retail Shares Offered 19,32,000 Shares 32.07%
Speb Adhesives IPO Anchor Investors
Anchor Bidding Date November 28, 2025 Anchor Investors List Shares Offered [.] Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) 2025 lock-in period end date 50% shares (90 Days) 2025
Speb Adhesives IPO Dates
The Speb Adhesives IPO will open on December 1 and close on December 3. The allotment is expected to be finalized on December 4, with the IPO listing scheduled on the exchange on December 8.
IPO Open Date: December 1, 2025 IPO Close Date: December 3, 2025 Basis of Allotment: December 4, 2025 Refunds: December 5, 2025 Credit to Demat Account: December 5, 2025 IPO Listing Date: December 8, 2025 IPO Bidding Cut-off Time: December 3, 2025 – 5 PM
Promoters and Holding Pattern
The company’s promoters include Kirtikumar Vithlani, Bhaumik Vithlani, Gaurav Vithlani, and Harish Vithlani.
Particular Shares % Share Promoter Holding Pre Issue 1,76,10,570 100% Promoter Holding Post Issue 2,24,64,570 -%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Part finance the cost of establishing a 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 Purpose ₹-
About Speb Adhesives IPO
Speb Adhesive Limited is a prominent manufacturer specializing in solvent-based synthetic rubber adhesives. The company produces both solvent-based and water-based adhesive solutions, with a major focus on polychloroprene-based and SBS (styrene-butadiene-styrene)–based adhesives—well-known for their strength, durability, and versatility across industries.
Its product range includes spray-grade adhesives, premium bonding adhesives, ducting and insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in generator sets. These products cater to sectors such as hardware, foam and furnishing, ducting and insulation, woodworking, footwear manufacturing, and generator equipment.
The company’s manufacturing facility is located in Taloja, Raigad, Maharashtra, and operates with an installed production capacity of 12,000 liters per day.
Speb Adhesives IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹38.79 ₹36.27 ₹1.83 ₹19.89 2024 ₹43.21 ₹36.57 ₹4.94 ₹20.70 2025 ₹45.54 ₹37.41 ₹5.89 ₹27.27 September 2025 ₹25.04 ₹20.13 ₹3.65 ₹31.88
Speb Adhesives IPO Valuation – FY2025
Check Speb Adhesives IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 26.30% ROCE: 32.07% EBITDA Margin: 17.47% PAT Margin: 13.16% Debt to equity ratio: – Earning Per Share (EPS): ₹3.35 (Basic) Price/Earnings P/E Ratio: N/A Return on Net Worth (RoNW): 26.30% Net Asset Value (NAV): ₹14.40
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income HP Adhesives Limited 1.99 23.57 10.33% 20.06 252.87 Cr. Nikhil Adhesives Limited 3.59 28.13 13.58% 28.10 584.59 Cr. Jyoti Resins & Adhesives Limited 61.56 19.49 37.36% 191.03 284.12 Cr.
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt. Ltd.
Company Address
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/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: spebadhesives.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html