Explore how the Speb Adhesives Ltd IPO opened to investors on its first subscription day, including investor participation, price band details, key dates, and steps to apply through ASBA or UPI.
The Speb Adhesives Ltd IPO opened for subscription on December 1, 2025, positioning the specialty adhesives manufacturer in the spotlight as it entered the SME primary market. Focused on industrial-grade adhesives and chemical bonding solutions, Speb Adhesives has garnered early industry attention for its niche product line and expanding market footprint.
The public issue is valued at ₹33.73 crore, structured as a book-built IPO, and offers shares within a price range of ₹52 to ₹56 per share.
The IPO recorded a tepid response on Day 1, with investor participation remaining subdued across categories. While retail investors showed early but limited interest, institutional demand stayed flat, reflecting a cautious market environment.
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) |
0.00x |
| Retail Individual Investors (RII) |
0.11x |
| Non-Institutional Investors (NII) |
0.07x |
| Total |
0.07x |
The muted first-day figures indicate that investors are taking a wait-and-watch approach, which is common for SME listings in competitive sectors. Market participants expect subscription activity to build as the issue progresses.
The Speb Adhesives Ltd IPO saw tepid investor turnout on Day 2, with limited participation across all categories. The issue is priced between ₹52–₹56 per share with a lot size of 2,000 shares.
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) |
0.49x |
| Retail Individual Investors (RII) |
0.31x |
| Non-Institutional Investors (NII) |
0.68x |
| Total |
0.47x |
Speb Adhesives Ltd’s Day 2 subscription numbers reflect a cautious investor stance, with significant ground to cover on the final day to reach full subscription.
The company has set a price band of ₹52 to ₹56 per share, with a face value of ₹10.
Lot Size: 2,000 shares
Minimum Investment: ₹24,000 (at lower price band)
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min/Max) |
1 |
2,000 |
₹1,12,000 (upper band) |
| S-HNI (Min) |
2 |
4,000 |
₹2,24,000 |
| B-HNI (Min) |
10 |
20,000 |
₹11,20,000 |
*Amount calculated at ₹56 upper band
This SME-friendly pricing aims to attract smaller investors looking for exposure to the industrial materials segment.
For detailed insights about the company, issue particulars, and the latest updates, visit the Speb Adhesives Ltd IPO on Bajaj Finserv Markets.
The following table outlines the procedural milestones for the IPO:
| Event | Date | Details |
|---|---|---|
| IPO Open Date |
December 1, 2025 |
Issue opens for bidding |
| IPO Close Date |
December 3, 2025 |
Last day to apply |
| Basis of Allotment |
December 4, 2025 |
Allotment finalisation |
| Refunds Initiation |
December 5, 2025 |
Refunds begin |
| Credit of Shares |
December 5, 2025 |
Shares credited to Demat |
| Listing Date |
December 8, 2025 |
Shares list on NSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
You can apply through ASBA (via net banking) or UPI through broker platforms.
Log in to your internet banking account.
Navigate to Investments then to IPO Application.
Select “Speb Adhesives Ltd IPO”.
Enter lot size and bid price.
Confirm and submit the application.
Funds will remain blocked until allotment.
Upon allotment, shares will be credited to your Demat account.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Go to the IPO section.
Select “Speb Adhesives Ltd IPO”.
Enter number of lots and bid details.
Provide your UPI ID.
Approve the mandate on your UPI app.
Funds are debited only upon allotment.
Shares are credited to your Demat account on completion.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact.
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