98  Total SME IPOs listed in 2025

4,313.53 Crs.  Total funds raised in 2025

67  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

98  Total SME IPOs listed in 2025

4,313.53 Crs.  Total funds raised in 2025

67  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

98  Total SME IPOs listed in 2025

4,313.53 Crs.  Total funds raised in 2025

67  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

98  Total SME IPOs listed in 2025

4313.53 Crs.  Total funds raised in 2,025.00

67  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Speb Adhesives Limited IPO Analysis

Speb Adhesives IPO is a Book Building listing on NSE EMERGE exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to Rubber sector. Unistone Capital is the merchant banker of Speb Adhesives IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th June 2025.

Speb Adhesives IPO posted revenues of ₹ 45.68 crores and PAT of ₹ 4.72 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 45.68 Cr.
            EBITDA: ₹ 6.36 Cr.
            PAT: ₹ 4.72 Cr.
  • EBITDA Margin: 13.92 %
            Pat Margin: 10.33 %
  • Net Worth: ₹ 22.84 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME Upcoming
Exchange : NSE EMERGE
IPO Type : Book Building

Speb Adhesives IPO Financial Performance (Restated)

Financial results of Speb Adhesives IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 26.83 22.25 20.47 18.80
Net Worth 22.84 19.30 19.34 17.55
Total Debt [●] [●] [●] [●]
Profit & Loss
Revenue
Revenue on annualised basis
34.26
45.68
43.21 38.79 28.29
EBITDA
EBITDA on annualised basis
4.77
6.36
6.50 2.37 3.62
PAT
PAT on annualised basis
3.54
4.72
4.89 1.79 2.60
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
26.83
22.25
20.47
18.80

Net Worth
22.84
19.30
19.34
17.55

Total Debt

Profit & Loss
Revenue
Revenue on annualised basis
34.26
45.68
43.21
38.79
28.29

EBITDA
EBITDA on annualised basis
4.77
6.36
6.50
2.37
3.62

PAT
PAT on annualised basis
3.54
4.72
4.89
1.79
2.60

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Speb Adhesives IPO Key performance Indicators (KPI)

Speb Adhesives IPO PAT Margin is 10.33 % , ROCE (Return on Capital Employed) is 21.15 % as per latest financial. The below table shows Speb Adhesives IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 13.92 15.04 6.11 12.80
PAT Margin (%) 10.33 11.32 4.61 9.19
EPS (₹) 2.01 2.55 0.92 1.35
ROE (%) 15.50 25.34 9.26 14.81
ROCE (%) 21.15 34.30 12.77 20.82
ROA (%) 13.19 21.98 8.74 13.83
Debt to Equity [●] [●] [●] [●]
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
13.92
15.04
6.11
12.80

PAT Margin (%)
10.33
11.32
4.61
9.19

EPS (₹)
2.01
2.55
0.92
1.35

ROE (%)
15.50
25.34
9.26
14.81

ROCE (%)
21.15
34.30
12.77
20.82

ROA (%)
13.19
21.98
8.74
13.83

Debt to Equity (x)  
[●]
[●]
[●]
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Speb Adhesives IPO Valuation Metrics

The market Capitalisation of Speb Adhesives IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
12.97

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Speb Adhesives prospectus?

The Speb Adhesives IPO prospectus highlights an Return on Equity (ROE) of 15.50 % , Return on Assets (ROA) of 13.19 %, and an EBITDA Margin of 13.92 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Speb Adhesives IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Speb Adhesives IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Speb Adhesives IPO ?

The post-IPO market capitalisation of Speb Adhesives IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Speb Adhesives IPO?

The Speb Adhesives IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Speb Adhesives IPO?

Speb Adhesives IPO reported revenue of ₹ 45.68 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Speb Adhesives IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Speb Adhesives IPO?

Speb Adhesives recorded an EBITDA of ₹ 6.36 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Speb Adhesives IPO?

Speb Adhesives Profit After Tax (PAT) is ₹ 4.72 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 45.68 Cr.
            EBITDA: ₹ 6.36 Cr.
            PAT: ₹ 4.72 Cr.
  • EBITDA Margin: 13.92 %
            Pat Margin: 10.33 %
  • Net Worth: ₹ 22.84 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Upcoming IPO List

CFF Fluid Control Limited

  Defence

  Raigarh


Glen Industries Limited

  Packaging & Disposables

  Kolkata


Chemkart India Limited

  Healthcare

  Mumbai


Meta Infotech Limited

  Information Technology - Data Solutions

  Mumbai


Cryogenic Ogs Limited

  Oil and Gas

  Vadodara


Peer Companies Of This Sector

FAQs

Speb Adhesives operates in Rubber and Manufacturing And Distribution Of Solvent-based Synthetic Rubber Adhesives. The Issue is listed on NSE EMERGE in Jul, 2025. Speb Adhesives IPO size was with Issue price of .

Speb Adhesives IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Speb Adhesives IPO listed at a listing price of against the offer price of .

The current market price of Speb Adhesives is .

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency