Speb Adhesives Stock Performance Analyzed

Speb Adhesives, which makes strong adhesives, started trading on the stock market (NSE) at Rs 58.05. This was a good jump – 3.66% higher than the initial price the company asked when it started selling shares (the IPO price). However, since then, the stock has dropped a little, down 3.25% from its opening price of Rs 60.

Key Points

• Stock trading at Rs 58.05, a 3.66% premium to IPO price.
• Opened at Rs 60, showing a 7.14% premium over the IPO.
• Stock has decreased by 3.25% since the initial listing price.
• IPO subscribed 2.17 times, indicating high investor interest.
• Raised Rs 8.89 crore from anchor investors before the IPO.
• Company expands production in Maharashtra, focusing on adhesives markets.

The company launched its IPO (Initial Public Offering) on December 1, 2025, and it finished on November 3, 2025. Investors were very interested, and the IPO was fully subscribed – meaning everyone who wanted to buy shares did. The price range for the IPO was set between Rs 52 and Rs 56 per share.

Speb Adhesives raised money from some large investors before the IPO. These ‘anchor investors’ bought 16.04 lakh shares at a price of Rs 56 each. The company plans to use this money to build a new factory in Maharashtra to make more water-based adhesives.

Speb Adhesives makes special adhesives that stick really well, and they’re used in many places – like making furniture, shoes, and even insulation. They sell these adhesives to other businesses, and they do this through a network of dealers and by exporting their products.

As of November 20, 2025, the company has 41 people working for them. In the last few months, they earned Rs 24.75 crore in sales and made a profit of Rs 3.65 crore.

Strong adhesive companies are key for a growing manufacturing sector.