Spinaroo Commercial IPO Subscription Status: The Spinaroo Commercial IPO opens for subscription on 28 March 2025 and closes on 3 April 2025. The allotment date is set for 4 April 2025, with shares priced at ₹51 per share. The minimum market lot for the IPO is 2,000 shares, requiring an application amount of ₹1,02,000. Spinaroo Commercial IPO is an SME IPO and will be listed on the BSE platforms.
Spinaroo Commercial reported a decline in revenue from ₹53.19 crores in 2023 to ₹41.21 crores in 2024, while profit after tax stood at ₹1.4 crores in 2024. Despite the drop in revenue, assets increased from ₹19.48 crores in 2023 to ₹19.05 crores in 2024, showing financial stability.
Spinaroo Commercial IPO Subscription Details
As of 03 April 2025 6:12 PM, Spinaroo Commercial IPO subscribed 1.52x. The public issue subscribed 1.2x in the RII category and 1.84x in the NII category. (Day 4)
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| RII | 0.3 | 0.34 | 0.6 | 1.2 |
| NII | 0.02 | 0.02 | 0.02 | 1.84 |
| Total | 0.16 | 0.18 | 0.31 | 1.52 |
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IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): The retail individual investor or NRIs
- Employee (EMP): A category of eligible employees
- Others: A category of eligible shareholders or other investors
About Spinaroo Commercial Ltd. Company
Spinaroo Commercial specializes in manufacturing aluminum foil containers, paper cups, plates, and bowls, along with semi-processed materials for paper cups. Established in 2012, the company operates two manufacturing facilities in Kolkata and Howrah, serving clients across 12 states and 2 Union Territories in India.
Key Points:
- Founded – August 17, 2012
- Core Products – Aluminum foil containers, home foil, paper cups, plates, bowls
- Machinery – Produces paper cup-making machines, flexo printing machines, and die-cutting machines
- Manufacturing Units – Located in Kolkata and Howrah
- Raw Materials – Sourced from reliable vendors
- Market Reach – Operates in 12 states & 2 Union Territories
- Key States – West Bengal, Assam, Bihar, Odisha, Gujarat, Delhi, etc.
- Industry Focus – Packaging and manufacturing sector
- Workforce – 35 employees as of October 31, 2024
- Growth – Expanding into central, northern, and western India
Spinaroo Commercial IPO Subscription Status FAQs:
When Spinaroo Commercial IPO Subscription will start Date?
The IPO subscription starts on 28 March 2025 for NII, and Retail Investors.
How to Apply the Spinaroo Commercial IPO through Dhan App?
Log in to Console in Dhan in Application. Go to More on Markets and Click on IPOs. You will see the IPO Name “Spinaroo Commercial Ltd. “. Click on Apply Now Next Click on Bid for IPO Then Select Quantity and Price on Place Bid For IPO. Enter your UPI ID and Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Spinaroo Commercial IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Spinaroo Commercial Ltd.“. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
When Spinaroo Commercial IPO will be listed?
The Spinaroo Commercial IPO listing date is 8 April 2025. The equity share of Spinaroo Commercial IPO will 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.
