Spinaroo Commercial IPO will open on 28 March 2025 and close on 3 April 2025, with the allotment finalized on 4 April 2025. The IPO is set to be listed on the BSE platforms on 4 April 2025. Spinaroo Commercial IPO is a Fixed Price Issue of ₹10.17 crores. The issue is entirely a fresh issue of 19.94 lakh shares. The IPO price is set at ₹51 per share, with a minimum lot size of 2,000 shares, requiring a minimum investment of ₹1,02,000 for retail investors.
Spinaroo Commercial reported a revenue of ₹41.21 crores in 2024, compared to ₹53.19 crores in 2023, while its profit declined significantly to ₹1.4 crores in 2024 from ₹53.19 crores in 2023.
Spinaroo Commercial IPO Details
| IPO Date | 28 March 2025 |
| Listing Date | 8 April 2025 |
| IPO Price | ₹51 Per Share |
| IPO Lot Size | 2,000 Shares |
| Face Value | ₹10 per share |
| Issue Type | Fixed Price Issue |
| IPO Listing At | BSE SME |
| Issue Size | 19,94,000 shares |
| Issue Size (Amount) | Approx ₹10.17 Crores |
| Fresh Issue | 19,94,000 shares |
| Fresh Issue (Amount) | Approx ₹10.17 Crores |
| IPO Docs | 🔗DRHP | 🔗RHP |
Spinaroo Commercial IPO Market Lot
The Spinaroo Commercial IPO has a minimum market lot of 2,000 shares, requiring an application amount of ₹1,02,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,02,000 |
| Retail Maximum | 1 | 2,000 | ₹1,02,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,04,000 |
Spinaroo Commercial IPO Dates
The Spinaroo Commercial IPO will open on 28 March 2025 and close on 3 April 2025, with allotment finalization on 4 April 2025 and listing on 8 April 2025.
| IPO Open Date | 28 March 2025 |
| IPO Close Date | 3 April 2025 |
| Allotment finalization | 4 April 2025 |
| Refund initiation | 7 April 2025 |
| Share credit | 7 April 2025 |
| IPO Listing Date | 8 April 2025 |
Spinaroo Commercial IPO Allotment Status
Spinaroo Commercial IPO allotment status is expected to be finalized on 4 April 2025. The listing will be on the BSE platforms on 8 April 2025. They can check the allotment online on the Cameo Corporate Services Limited website.
Check the live allotment status of all upcoming and closed IPOs on the IPO allotment status Dashboard.
Spinaroo Commercial IPO Listing Date
Spinaroo Commercial IPO listing date is 8 April 2025. Listing will be on the BSE platforms. Retail investors can sell the shares after 10 AM on the listing day.
Spinaroo Commercial IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Quota | Not more than 50% |
| NII Quota | Not more than 50% |
About Spinaroo Commercial Ltd. Company
Spinaroo Commercial specializes in manufacturing aluminum foil containers, aluminum home foil, paper cups, plates, and bowls. The company also produces semi-processed materials for paper cups, including paper coating, printing, and blanking. Additionally, it offers high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines.
Founded on August 17, 2012, Spinaroo Commercial sources high-quality raw materials from reliable vendors. It operates two manufacturing facilities in the Jalan Industrial Complex, Kolkata, Howrah. The company serves clients across 12 states and 2 Union Territories in India.
Its client base includes states like West Bengal, Tripura, Chhattisgarh, Bihar, Jharkhand, Assam, and Odisha. It has also expanded to central, northern, and western regions, covering Delhi, Haryana, Uttar Pradesh, Gujarat, Rajasthan, and the Andaman & Nicobar Islands.
With a workforce of 35 employees as of October 31, 2024, Spinaroo Commercial continues to grow in the manufacturing sector.
Spinaroo Commercial IPO Financial Report
Spinaroo Commercial company reported revenue of ₹41.21 crores in 2024 against ₹53.19 crore in 2023. The company reported profit of ₹1.4 crores in 2024 against Profit of ₹53.19 crores in 2023. (Amount ₹ in Crores)
| Period Ended | Sep 2024 | Mar 2024 | Mar 2023 | 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 |
Key Performance Indicators for Spinaroo Commercial
As of March 31, 2024, Check Spinaroo Commercial IPO valuations detail like ROE, RoCE, RoNW, PAT Margin and NAV details.
| KPI | Values |
|---|---|
| ROE (%) | 23.23% |
| ROCE (%) | 37.58% |
| RoNW (%) | 23.23% |
| PAT Margin | 3.40 |
| EBITDA | 6.48% |
| Debt/Equity | 1.25 |
Spinaroo Commercial Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet the Working Capital Requirements
- General Corporate Purposes
Promoters of Spinaroo Commercial IPO
The promoters of the Spinaroo Commercial company are Mr. Amit Sultania, Mr. Aditya Todi, and Mrs. Mridula Todi.
Spinaroo Commercial IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700 / 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Spinaroo Commercial Contact Details
Spinaroo Commercial Limited
Jalan Industrial Complex Gate-1, Right Lane-6,
P.O. Jangalpur, Begri Gram Panchayat,
Howrah- 711 411, West Bengal, India
Phone: +91 96747 03249
E-Mail: Compliance@Spino.Co.In
Website: Www.Spino.Co.In
Spinaroo Commercial IPO Lead Manager
Finshore Management Services Limited
Spinaroo Commercial IPO FAQs
What is the allotment date of the Spinaroo Commercial IPO?
Spinaroo Commercial IPO allotment date is 4 April 2025.
What is Spinaroo Commercial IPO Lot Size?
The minimum bid is 2,000 Shares with ₹1,02,000 amount.
What is the Spinaroo Commercial IPO Listing Date?
Spinaroo Commercial IPO listing date is 4 April 2025. The IPO is to list on BSE platforms.
Disclaimer: The facts contained herein are for general information only and are not a recommendation to invest in any IPO or any investment opportunity. We take all reasonable care to ensure facts are accurate, but the information is based on publicly available information, research, and credible sources. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
