Speb Adhesives and Astron Multigrain List on SME

Speb Adhesives and Astron Multigrain, two companies, recently listed their shares on the SME platforms of NSE and BSE.

Speb Adhesives started trading at ₹60, which was higher than its IPO price of ₹56, but later fell to a 5% lower circuit.

Astron Multigrain, on the other hand, listed at a discount of 20% to its IPO price of ₹63 and also fell to a 5% lower circuit.

Both companies had their IPOs subscribed more than once, with Speb Adhesives seeing a higher subscription rate.

The funds raised will be used for business expansion and general corporate purposes.