
SPEB Adhesives Ltd IPO
NSELot: 2000Chemicals
About SPEB Adhesives Ltd
SPEB Adhesives Ltd specializes in manufacturing and supplying a diverse range of adhesives and sealants. Their product portfolio caters to various industries including construction, packaging, and automotive, offering solutions for bonding, sealing, and insulation applications.
Subscription Status
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 2.06x | 0.49x | 0.00x |
| NII | 4.09x | 0.81x | 0.78x |
| Retail | 1.75x | 0.35x | 0.16x |
| Total | 2.34x | 0.49x | 0.25x |
GMP History
| Date | GMP | Est. Listing |
|---|---|---|
| 2 Dec 2025 | +₹0 | ₹56 |
| 28 Nov 2025 | +₹30 | ₹86 |
Risk Factors
Promoters & Management
The key management team of SPEB Adhesives Limited consists of experienced individuals. Gaurav Vithlani, aged 44 years, serves as the Promoter and Managing Director, bringing his expertise in assessing market conditions and optimizing operational performance. Kirtikumar Vithlani, aged 70 years, is the Promoter, Chairman, and Whole Time Director, responsible for financial planning and strategic guidance. Harish Vithlani, aged 73 years, is the Promoter and Executive Director, focusing on customer relationships and demand forecasting. Bhaumik Vithlani, aged 40 years, is the Promoter and Executive Director, leading cross-functional teams and strengthening customer relationship management. Chirag Shah, aged 43 years, is a Non-Executive Independent Director, providing expertise in distribution and supply chain management. Dhaval Mehta, aged 40 years, is a Non-Executive Independent Director, contributing his knowledge in wealth management. Kajal Pandya, aged 43 years, is a Non-Executive Independent Director, promoting faculty excellence and strengthening corporate collaborations. Satish Patel, aged 54 years, is the Vice President- Technical Head, overseeing quality control and product development.