Speb Adhesives Limited IPO Review
Neutral52-52 · SME
✦
Analyst Verdict
Speb Adhesives Limited IPO
Neutral
IPO at a Glance
Price Band
52-52
Issue Size
34cr
Min. Investment
₹1,04,000
Opens
2025-11-29
Closes
2025-12-01
Listing
2025-12-06
Category
SME
Key Strengths
✓Diverse adhesive portfolio across multipurpose, woodworking, flooring, footwear, and DG-set segments.
✓Strong financial growth with rising revenue and profitability over FY2023–FY2025.
✓High-performance, technology-driven products with features like near-zero smell and extended open time.
✓Longstanding industry presence since 1990 with experienced promoters.
✓Wide industry coverage, including woodworking, footwear, insulation, flooring, and generator manufacturing.
Key Risks
⚠High revenue dependence on the multipurpose adhesives category.
⚠Significant reliance on key suppliers and customers.
⚠No prior public market for shares; post-listing price volatility risk.
⚠Exposure to economic changes impacting adhesive demand across industries.
⚠Future capital needs may dilute equity or increase borrowing costs.
Frequently Asked Questions
Should I apply for Speb Adhesives Limited IPO?
Based on our analysis, our rating for Speb Adhesives Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Speb Adhesives Limited IPO?
High revenue dependence on the multipurpose adhesives category. Significant reliance on key suppliers and customers. No prior public market for shares; post-listing price volatility risk.
What are the strengths of Speb Adhesives Limited IPO?
Diverse adhesive portfolio across multipurpose, woodworking, flooring, footwear, and DG-set segments. Strong financial growth with rising revenue and profitability over FY2023–FY2025. High-performance, technology-driven products with features like near-zero smell and extended open time.
What is the price band of Speb Adhesives Limited IPO?
The price band for Speb Adhesives Limited IPO is 52-52. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more