Spinaroo Commercial IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 28 Mar 2025
Close Date
Thu, 03 Apr 2025
Issue Price
₹ 51
Lot Size
2000
Issue Size
₹ 10.17 Cr
Minimum Investment
₹ 204,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Spinaroo Commercial IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹10.17 Crore, comprising a fresh issue of 19.94 Lakh equity shares aggregating to ₹10.17 Crore.
The Spinaroo Commercial IPO remained open for subscription from March 28, 2025, to April 03, 2025. The basis of allotment was finalized on April 04, 2025, and the company's shares were listed on BSE SME Platform on April 08, 2025.
The company had fixed the price at ₹51 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹204,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Spinaroo Commercial Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Spinaroo Commercial IPO Timeline (Tentative)
- IPO Open Date
- Fri, 28 Mar 25
- IPO Close Date
- Thu, 03 Apr 25
- Basis of Allotment
- Fri, 04 Apr 25
- Initiation of Refunds
- Mon, 07 Apr 25
- Credit of Shares to Demat
- Mon, 07 Apr 25
- Listing Date
- Tue, 08 Apr 25 — NSE & BSE
Open Date
28 March 2025
Close Date
03 April 2025
Basis Of Allotment
04 April 2025
Listing Date
08 April 2025
IPO Subscription
Check Live Subscription →The Spinaroo Commercial IPO has received bids for 29,78,000 shares against 18,94,000 shares offered, resulting in an overall subscription of 1.57x. the NII category is subscribed 1.94x, Retail Investors 1.2x, and QIBs 0x.
QIB
0x
NII
1.94x
RII
1.2x
Total
1.57x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,48,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 9,46,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 946,000 | 0% |
| Retail Investors | 948,000 | 0% |
| Total | 1,894,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Spinaroo Commercial Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Spinaroo Commercial Limited
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.
Spinaroo Commercial IPO Promoters
- Mr. Amit Sultania
- Mr. Aditya Todi
- Mrs. Mridula Todi
Promoters Holding
Holding Pre Issue
66.67%
Holding Post Issue
47.66%
Spinaroo Commercial IPO Objective
The Objects of the Issue are:
- To meet the Working Capital Requirements
- General Corporate Purposes
Spinaroo Commercial Limited Address / Contact Details
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
Spinaroo Commercial IPO Lot Size
The Spinaroo Commercial IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,02,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,02,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Spinaroo Commercial IPO?
Spinaroo Commercial IPO is a Fixed price IPO with a total issue size of ₹10.17 crore. The Spinaroo Commercial IPO price band is ₹51 to 51 per share. The Spinaroo Commercial IPO subscription opens on Fri, Mar 28, 2025, and closes on Thu, Apr 3, 2025. The Spinaroo Commercial IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Spinaroo Commercial IPO.
When will the Spinaroo Commercial IPO open for subscription?
The Spinaroo Commercial IPO opens on Fri, Mar 28, 2025 and closes on Thu, Apr 3, 2025
What is Spinaroo Commercial IPO Price Band?
Spinaroo Commercial IPO Price Band is ₹51 to 51 per share.
What is Spinaroo Commercial IPO Lot Size?
Spinaroo Commercial IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹204000 based on the upper price band
What is the minimum investment for Spinaroo Commercial IPO?
The minimum investment for Spinaroo Commercial IPO is ₹204000, based on one lot of 2000 shares at the upper price band of ₹51 per share.
How to apply for Spinaroo Commercial IPO?
Investors can apply for the Spinaroo Commercial IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Apr 3, 2025. The application amount remains blocked until the Spinaroo Commercial IPO allotment is finalized.
What is Spinaroo Commercial IPO Issue Size?
Spinaroo Commercial IPO issue size is ₹10.17 crores.
What is the Spinaroo Commercial IPO Allotment Date?
Spinaroo Commercial IPO allotment date is Fri, Apr 4, 2025.
Who is the Spinaroo Commercial IPO Registrar?
The registrar for Spinaroo Commercial IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Spinaroo Commercial IPO allotment status, refund processing, and other IPO-related information.
Who is the Spinaroo Commercial IPO Lead Manager?
The book-running lead managers (BRLMs) for the Spinaroo Commercial IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Spinaroo Commercial IPO Red Herring Prospectus (RHP).