Comparison between Earkart IPO and Speb Adhesives IPO.
IPO Details
Earkart 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.
Issue Size and Price
The total issue size of Earkart IPO is up to ₹46.76 Cr whereas the issue size of the Speb Adhesives IPO is up to ₹30.72 Cr. The final issue price of Earkart IPO is ₹135.00 per share and of Speb Adhesives IPO is ₹56.00 per share.
| | Earkart 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) | ₹135.00 per share | ₹56.00 per share |
| Discount (Retail) | | |
| Discount (Employee) | | |
| Market Lot Size | 1000 shares | 2000 shares |
| Fresh Issue Size | 31,30,000 shares | 43,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.26 Cr | up to ₹24.17 Cr |
| OFS Issue Size | 3,34,000 shares | 11,70,000 shares |
| OFS Issue Size (Amount) | up to ₹4.51 Cr | up to ₹6.55 Cr |
| Issue Size Total | 34,64,000 shares | 54,86,000 shares |
| Issue Size Total (Amount) | up to ₹46.76 Cr | up to ₹30.72 Cr |
IPO Timetable
Earkart IPO opens on Sep 25, 2025, while Speb Adhesives IPO opens on Dec 01, 2025. The closing date of Earkart IPO and Speb Adhesives IPO is Sep 29, 2025, and Dec 03, 2025, respectively.
| | Earkart IPO | Speb Adhesives IPO |
|---|
| Anchor Bid Date | | Nov 28, 2025 |
| Issue Open | Sep 25, 2025 | Dec 01, 2025 |
| Issue Close | Sep 29, 2025 | Dec 03, 2025 |
| Basis Of Allotment (Tentative) | Sep 30, 2025 | Dec 04, 2025 |
| Initiation of Refunds (Tentative) | Oct 01, 2025 | Dec 05, 2025 |
| Credit of Share (Tentative) | Oct 01, 2025 | Dec 05, 2025 |
| Listing date (Tentative) | Oct 03, 2025 | Dec 08, 2025 |
| Anchor Lockin End date 1 | | Jan 02, 2026 |
| Anchor Lockin End date 2 | | Mar 03, 2026 |
Financials & KPIs
Earkart IPO P/E ratio is 20.48, as compared to Speb Adhesives IPO P/E ratio of 16.73.
Shares Offered
In the Earkart IPO Retail Individual Investors (RII) are offered 17,32,000 shares while in Speb Adhesives IPO retail investors are offered 17,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Earkart IPO and 11,22,000 shares in Speb Adhesives IPO.
| | Earkart IPO | Speb Adhesives IPO |
|---|
| Anchor Investor Reservation | 0 shares | 16,04,000 shares |
| Market Maker Reservation | 1,85,000 shares | 5,38,000 shares |
| QIB | 0 shares | 11,22,000 shares |
| NII | 17,32,000 shares | 8,28,000 shares |
| RII | 17,32,000 shares | 19,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | | |
| Total | 34,64,000 shares | 54,86,000 shares |
Bids Received (Subscription)
Earkart IPO subscribed 1.28x in total, whereas Speb Adhesives IPO subscribed 1.66x.
