Comparison between Fourfront IPO and Speb Adhesives IPO.
Fourfront IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Speb Adhesives IPO is a SME Bookbuilding proposed to list at NSE SME.
| Fourfront IPO | Speb Adhesives IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Kalpalabdhi Financials Private Limited | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Fourfront IPO is up to ₹0.00 Cr whereas the issue size of the Speb Adhesives IPO is up to ₹30.72 Cr. The final issue price of Fourfront IPO is and of Speb Adhesives IPO is ₹56.00 per share.
| Fourfront IPO | Speb Adhesives IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹56.00 per share | |
| Issue Price (Final) | ₹56.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | |
| Fresh Issue Size | 65,00,000 shares | 43,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹24.17 Cr |
| OFS Issue Size | 0 shares | 11,70,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.55 Cr |
| Issue Size Total | 65,00,000 shares | 54,86,000 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹30.72 Cr |
Fourfront IPO opens on , while Speb Adhesives IPO opens on Dec 01, 2025. The closing date of Fourfront IPO and Speb Adhesives IPO is , and Dec 03, 2025, respectively.
| Fourfront IPO | Speb Adhesives IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | |
| Issue Open | Dec 01, 2025 | |
| Issue Close | Dec 03, 2025 | |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | |
| Credit of Share (Tentative) | Dec 05, 2025 | |
| Listing date (Tentative) | Dec 08, 2025 | |
| Anchor Lockin End date 1 | Jan 02, 2026 | |
| Anchor Lockin End date 2 | Mar 03, 2026 |
Fourfront IPO P/E ratio is , as compared to Speb Adhesives IPO P/E ratio of 16.73.
| Fourfront IPO | Speb Adhesives IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated)Speb Adhesives Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 19% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹125.80 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.88% | 26.30% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 53.51% | 32.07% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.64% | 26.30% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Fourfront IPO Retail Individual Investors (RII) are offered while in Speb Adhesives IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Fourfront IPO and 11,22,000 shares in Speb Adhesives IPO.
| Fourfront IPO | Speb Adhesives IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,04,000 shares | |
| Market Maker Reservation | 5,38,000 shares | |
| QIB | 11,22,000 shares | |
| NII | 8,28,000 shares | |
| RII | 19,32,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 54,86,000 shares |
Fourfront IPO subscribed in total, whereas Speb Adhesives IPO subscribed 2.34x.
| Fourfront IPO | Speb Adhesives IPO | |
|---|---|---|
| QIB (times) | 2.06x | |
| NII (times) | 4.09x | |
| Big NII (times) | 4.88x | |
| Small NII (times) | 2.51x | |
| RII (times) | 1.75x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.34x |
