Spinaroo Commercial IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 51 – 51
Lot Size
2000
Issue Size
₹10.17 Cr
Minimum Investment
₹204000 (4000 Shares)
Listing Date
08 April 2025
Subscription
1.57x
About the Company
Spinaroo Commercial Limited, originally incorporated as Spinaroo Commercial Private Limited in August 2012, was converted to a Public Limited Company in August 2024. The company is primarily engaged in manufacturing products such as Aluminium Foil Containers, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, and semi-processed materials for paper cups. It also supplies machinery for paper cup production, including High-Speed Paper Cup Making Machines, Flexo Printing Machines, and Automatic Roll Die Cutting Machines.
The company operates two manufacturing facilities located within the Jalan Industrial Complex in Kolkata, West Bengal, offering cost efficiencies and streamlined operations. Spinaroo Commercial ensures high-quality products, using raw materials sourced from trusted vendors and maintaining a strong focus on quality with ISO 9001:2015 certification. The company offers competitive pricing and timely delivery, tailored to client specifications.
Spinaroo's clientele spans 12 states and 2 Union Territories across India, covering regions like West Bengal, Tripura, Chhattisgarh, Bihar, Jharkhand, Assam, Odisha, Delhi, Haryana, Uttar Pradesh, Gujarat, Rajasthan, and the Andaman & Nicobar Islands. It has also made strides in international markets, establishing a presence in Bhutan and planning further global expansion.
With a commitment to continuous improvement, the company invests in modern manufacturing techniques, ensuring efficient production, quality control, and a strong reputation in both domestic and international markets.
Promoters
- Mr. Amit Sultania
- Mr. Aditya Todi
- Mrs. Mridula Todi
Promoters Holding
Holding Pre Issue
66.67%
Holding Post Issue
47.66%
Objects of the Issue
The Objects of the Issue are:
- To meet the Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Spinaroo Commercial Limited
Jalan Industrial Complex Gate-1,
Right Lane-6, P.O. Jangalpur,
Begri Gram Panchayat,
Howrah-711 411, West Bengal
Phone: +91 96747 03249
Email: compliance@spino.co.in
Website: http://www.spino.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 28 March 2025
IPO Close Date
Thursday, 03 April 2025
Basis of Allotment
Friday, 04 April 2025
Initiation of Refunds
Monday, 07 April 2025
Credit of Shares to Demat
Monday, 07 April 2025
Listing Date
Tuesday, 08 April 2025 — NSE & BSE
Important Dates
Open Date
28 March 2025
Close Date
03 April 2025
Basis Of Allotment
04 April 2025
Listing Date
08 April 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 21.94 | 19.05 | 19.48 | 17.82 |
| Revenue | 21.02 | 41.21 | 53.19 | 47.58 |
| Profit After Tax | 0.61 | 1.4 | 0.93 | 0.52 |
| Net Worth | 6.64 | 6.03 | 4.63 | 3.7 |
| Reserve & Surplus | 1.64 | 5.03 | 3.63 | 2.7 |
| Total Borrowings | 7.43 | 7.52 | 8.43 | 8.99 |
EPS Pre
2.80%
EPS Post
1.76%
P/E Pre
18.21
P/E (Post Issue)
29.01x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 23.23 |
| ROCE % | 37.58 |
| Debt / Equity | 1.25 |
| RoNW % | 23.23 |
| PbW | 0.85 |
| Pat Margin % | 3.4 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 946000 | 0 | 0 |
| Retail Investors | 948000 | 0 | 0 |
| Total | 1894000 | 0 | 0 |
Subscription Status ( Thu, 03 Apr 25 12:54 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 946000 | 1838000 | 1.94x |
| Retail Investors | 948000 | 1140000 | 1.2x |
| Total | 1894000 | 2978000 | 1.57x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 102,000.00 |
| Retail (Max) | 1 | 2,000 | 102,000.00 |
| S-HNI (Min) | 2 | 4,000 | 204,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Spinaroo Commercial IPO is a Fixed price IPO worth ₹10.17 crores. The price band is ₹51 to 51 per share. The IPO opens on Fri, Mar 28, 2025 and closes on Thu, Apr 3, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Spinaroo Commercial IPO opens on Fri, Mar 28, 2025 and closes on Thu, Apr 3, 2025
Spinaroo Commercial IPO Price Band is ₹51 to 51.
Spinaroo Commercial IPO lot size is 2000, and the minimum amount required for application is ₹204000.
The minimum investment for Spinaroo Commercial IPO is approximately ₹204000 based on the upper price band.
To apply for the Spinaroo Commercial IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Apr 3, 2025. After submission, funds are blocked until the basis of allotment of Spinaroo Commercial IPO is finalised.
Spinaroo Commercial IPO issue size is ₹10.17 crores.
Spinaroo Commercial IPO allotment date is Sat, Jun 27, 2026.
The registrar for Spinaroo Commercial IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Spinaroo Commercial IPO through their official website or helpline.