Comparison between Speb Adhesives IPO and Topsun Energy IPO.
Speb Adhesives IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Topsun Energy IPO is a SME Bookbuilding proposed to list at BSE SME.
| Speb Adhesives IPO | Topsun Energy IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Unistone Capital Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Kalpalabdhi Financials Private Limited | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Speb Adhesives IPO is up to ₹30.72 Cr whereas the issue size of the Topsun Energy IPO is up to ₹0.00 Cr. The final issue price of Speb Adhesives IPO is ₹56.00 per share and of Topsun Energy IPO is .
| Speb Adhesives IPO | Topsun Energy 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 | 43,16,000 shares | 72,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹24.17 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 11,70,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹6.55 Cr | up to ₹0.00 Cr |
| Issue Size Total | 54,86,000 shares | 72,00,000 shares |
| Issue Size Total (Amount) | up to ₹30.72 Cr | up to ₹0.00 Cr |
Speb Adhesives IPO opens on Dec 01, 2025, while Topsun Energy IPO opens on . The closing date of Speb Adhesives IPO and Topsun Energy IPO is Dec 03, 2025, and , respectively.
| Speb Adhesives IPO | Topsun Energy 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 |
Speb Adhesives IPO P/E ratio is 16.73, as compared to Topsun Energy IPO P/E ratio of .
| Speb Adhesives IPO | Topsun Energy IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated Standalone)Topsun Energy Ltd.'s revenue increased by 107% and profit after tax (PAT) rose by 281% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 99.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹125.80 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.30% | 33.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.07% | 25.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.35 | ₹7.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 26.30% | 28.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Speb Adhesives IPO Retail Individual Investors (RII) are offered 19,32,000 shares while in Topsun Energy IPO retail investors are offered 19,32,000 shares. Qualified Institutional Buyers (QIB) are offered 11,22,000 shares in Speb Adhesives IPO and in Topsun Energy IPO.
| Speb Adhesives IPO | Topsun Energy 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 |
Speb Adhesives IPO subscribed 2.34x in total, whereas Topsun Energy IPO subscribed .
| Speb Adhesives IPO | Topsun Energy 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 |
