Speb Adhesives IPO Shows Modest Response, Subscribed 2.34x on Day 3

Speb Adhesives Limited's initial public offering (IPO) has demonstrated modest investor interest through its third day of subscription. The stock price band is set at ₹52-56 per share. The ₹33.73 crore IPO reached 2.34 times by 5:09:11 PM on day three. This indicates modest investor interest in this solvent-based synthetic rubber adhesives manufacturer.
Speb Adhesives IPO non-institutional investors segment leads with strong 4.09 times subscription. Qualified institutional buyers demonstrate moderate participation at 2.06 times. Individual investors display moderate interest at 1.75 times. 

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Speb Adhesives IPO subscription reached modest 2.34 times on day three. It was led by Non-Institutional Investors (4.09x), Qualified Institutional Buyers Ex-Anchor (2.06x), and Individual Investors (1.75x). Total applications reached 1,008.

Subscription Status of Speb Adhesives IPO:

Here are the subscription details for Speb Adhesives IPO as of Day 3 (December 3, 2025, 5:09:11 PM):

Key Highlights - Day 3:

• Overall subscription reached modest 2.34 times, showing substantial improvement from day two's 0.49 times
• Qualified institutional buyers (ex-anchor) showing moderate performance at 2.06 times, building substantially from day two's 0.49 times, indicating improved institutional interest
• Individual investors displaying moderate confidence at 1.75 times, building substantially from day two's 0.35 times, indicating improved retail demand for this SME IPO
• Total applications reached 1,008, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹50.85 crores, exceeding the net offer size of ₹30.72 crores (excluding anchor and market maker portions) by approximately 1.7 times

Speb Adhesives IPO - Day 2 Subscription at 0.49 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.49 times, showing modest improvement from day one's 0.25 times
• Non-institutional investors showing limited performance at 0.81 times, marginally improving from day one's 0.78 times
• Qualified institutional buyers showing weak performance at 0.49 times, improving from day one's 0.00 times
• Individual investors displaying weak confidence at 0.35 times, building from day one's 0.16 times

Speb Adhesives IPO - Day 1 Subscription at 0.25 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.25 times, showing cautious initial investor interest
• Non-institutional investors showing limited performance at 0.78 times, indicating subdued HNI appetite
• Individual investors displaying weak confidence at 0.16 times, showing very weak retail sentiment
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional interest

About Speb Adhesives Limited

Speb Adhesives Limited is engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives. The company offers both water-based adhesives and solvent-based adhesives, specializing in polychloroprene-based and SBS (styrene-butadiene-styrene)-based adhesives. Product portfolio includes multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, ducting and insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in generator sets. The company follows a B2B business model and sells products to diverse sectors including packaging, automotive, footwear, construction, woodworking, and furniture.