SPEB Adhesives IPO Description – SPEB Adhesives is a manufacturing company engaged in the production of solvent-based synthetic rubber adhesives, with additional offerings in water-based adhesives manufactured on a contractual basis. The company’s product portfolio includes multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, ducting and insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives for generator sets. The company operates primarily through three channels – dealer-distribution network, industrial sales, and government supply contracts.
SPEB Adhesives operates from a manufacturing facility situated in Raigad, Maharashtra, with an installed production capacity of 12,000 liters per day. Products are manufactured in SKUs ranging from 10ml to 30 liters, catering to various industries, including hardware, foam and furnishing, ducting and insulation, woodworking, footwear, and generator manufacturing.
The company has a strong domestic focus, with 93.63% of revenues generated within India, and exports primarily to the UAE, contributing 6.37% as of 31 December 2024.
Promoters of SPEB Adhesives – Kirtikumar Vithlani, Bhaumik Vithlani, Gaurav Vithlani, and Harish Vithlani
Table of Contents
SPEB Adhesives Offer Details
| SPEB Adhesives IPO Dates | 1 – 3 December 2025 |
| SPEB Adhesives Issue Price | Coming soon |
| Fresh Issue | 48,54,000 shares |
| Offer For Sale | 11,70,000 shares |
| Total IPO Size | 60,24,000 shares |
| Minimum Bid | Coming soon |
| Lot Size | Coming soon |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
SPEB Adhesives Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 27.91 | 38.37 | 42.62 | 33.87 |
| Expenses | 24.84 | 36.32 | 36.59 | 29.43 |
| Net income | 2.60 | 1.79 | 4.89 | 3.54 |
SPEB Adhesives Offer News
SPEB Adhesives Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.35 | 0.92 | 2.55 |
| PE ratio | – | – | – |
| RONW (%) | 16.01 | 9.68 | 23.35 |
| NAV | 9.09 | 10.01 | 10.07 |
| ROCE (%) | 20.82 | 12.77 | 34.30 |
| EBITDA (%) | 12.97 | 6.19 | 15.26 |
| Debt/Equity | – | – | – |
SPEB Adhesives IPO GMP Today
SPEB Adhesives IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
SPEB Adhesives IPO Allotment Status
SPEB Adhesives IPO allotment status will be available on the MUFG Intime website. Click on this link to get the allotment status.
SPEB Adhesives IPO Dates & Listing Performance
| IPO Opening Date | 1 December 2025 |
| IPO Closing Date | 3 December 2025 |
| Finalization of Basis of Allotment | 4 December 2025 |
| Initiation of refunds | 5 December 2025 |
| Transfer of shares to demat accounts | 5 December 2025 |
| IPO Listing Date | 8 December 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
SPEB Adhesives Offer Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East,Mumbai-400059, Maharashtra,
Phone: 022 4604 6494
Email: [email protected]
Website: www.unistonecapital.com
SPEB Adhesives Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L B S Marg,
Vikhroli (West), Mumbai 400083
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.in.mpms.mufg.com
SPEB ADHESIVES LIMITED
Plot No. J 33, MIDC, Taloja, Raigad,
Panvel- 410208, Maharashtra
Phone: +91 7738532223
E-mail: [email protected];
Website: www.speb7.com
IPO FAQs
What is the SPEB Adhesives offer size?
SPEB Adhesives offer size is INR NA crores.
What is the SPEB Adhesives offer price band?
SPEB Adhesives public offer price is INR NA per share.
What is the lot size of the SPEB Adhesives IPO?
SPEB Adhesives offer lot size is NA shares.
What is the SPEB Adhesives IPO GMP today?
SPEB Adhesives IPO GMP today is INR NA per share.
What is the SPEB Adhesives kostak rate today?
SPEB Adhesives kostak rate today is INR NA per application.
What is the SPEB Adhesives IPO Subject to Sauda rate today?
SPEB Adhesives Subject to Sauda rate today is INR NA per application.
