Comparison between Prodocs Solutions IPO and Speb Adhesives IPO.
Prodocs Solutions 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.
| Prodocs Solutions 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 | Cumulative Capital Pvt.Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Fortune Fiscal Limited | Kalpalabdhi Financials Private Limited |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Prodocs Solutions IPO is up to ₹26.22 Cr whereas the issue size of the Speb Adhesives IPO is up to ₹30.72 Cr. The final issue price of Prodocs Solutions IPO is ₹138.00 per share and of Speb Adhesives IPO is ₹56.00 per share.
| Prodocs Solutions IPO | Speb Adhesives IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹131.00 per share | ₹52.00 per share |
| Issue Price (Upper) | ₹138.00 per share | ₹56.00 per share |
| Issue Price (Final) | ₹138.00 per share | ₹56.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 2000 shares |
| Fresh Issue Size | 15,00,000 shares | 43,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹20.70 Cr | up to ₹24.17 Cr |
| OFS Issue Size | 4,00,000 shares | 11,70,000 shares |
| OFS Issue Size (Amount) | up to ₹5.52 Cr | up to ₹6.55 Cr |
| Issue Size Total | 19,00,000 shares | 54,86,000 shares |
| Issue Size Total (Amount) | up to ₹26.22 Cr | up to ₹30.72 Cr |
Prodocs Solutions IPO opens on Dec 08, 2025, while Speb Adhesives IPO opens on Dec 01, 2025. The closing date of Prodocs Solutions IPO and Speb Adhesives IPO is Dec 10, 2025, and Dec 03, 2025, respectively.
| Prodocs Solutions IPO | Speb Adhesives IPO | |
|---|---|---|
| Anchor Bid Date | Dec 05, 2025 | Nov 28, 2025 |
| Issue Open | Dec 08, 2025 | Dec 01, 2025 |
| Issue Close | Dec 10, 2025 | Dec 03, 2025 |
| Basis Of Allotment (Tentative) | Dec 11, 2025 | Dec 04, 2025 |
| Initiation of Refunds (Tentative) | Dec 12, 2025 | Dec 05, 2025 |
| Credit of Share (Tentative) | Dec 12, 2025 | Dec 05, 2025 |
| Listing date (Tentative) | Dec 15, 2025 | Dec 08, 2025 |
| Anchor Lockin End date 1 | Jan 09, 2026 | Jan 02, 2026 |
| Anchor Lockin End date 2 | Mar 10, 2026 | Mar 03, 2026 |
Prodocs Solutions IPO P/E ratio is 14.72, as compared to Speb Adhesives IPO P/E ratio of 16.73.
| Prodocs Solutions IPO | Speb Adhesives IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Standalone)Prodocs Solutions Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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) | 74.31 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 51.77 | 73.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.72 | 16.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹97.29 Cr. | ₹125.80 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.12% | 32.07% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.37 | ₹3.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 26.62% | 26.30% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Prodocs Solutions IPO Retail Individual Investors (RII) are offered 6,70,000 shares while in Speb Adhesives IPO retail investors are offered 6,70,000 shares. Qualified Institutional Buyers (QIB) are offered 3,72,000 shares in Prodocs Solutions IPO and 11,22,000 shares in Speb Adhesives IPO.
| Prodocs Solutions IPO | Speb Adhesives IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,58,000 shares | 16,04,000 shares |
| Market Maker Reservation | 1,00,000 shares | 5,38,000 shares |
| QIB | 3,72,000 shares | 11,22,000 shares |
| NII | 3,00,000 shares | 8,28,000 shares |
| RII | 6,70,000 shares | 19,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 19,00,000 shares | 54,86,000 shares |
Prodocs Solutions IPO subscribed 2.66x in total, whereas Speb Adhesives IPO subscribed 2.34x.
| Prodocs Solutions IPO | Speb Adhesives IPO | |
|---|---|---|
| QIB (times) | 1.59x | 2.06x |
| NII (times) | 4.61x | 4.09x |
| Big NII (times) | 5.51x | 4.88x |
| Small NII (times) | 2.87x | 2.51x |
| RII (times) | 2.38x | 1.75x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.66x | 2.34x |
