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Amtech Esters IPO vs Spinaroo Commercial IPO

Comparison between Amtech Esters IPO and Spinaroo Commercial IPO.

IPO Details

Amtech Esters IPO is a SME Fixed Price IPO proposed to list at BSE SME while Spinaroo Commercial IPO is a SME Fixed Price proposed to list at BSE SME.

 Amtech Esters IPOSpinaroo Commercial IPO
LogoAmtech Esters IPO LogoSpinaroo Commercial IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersSobhagya Capital Options Pvt.Ltd.Finshore Management Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerBlack Fox Financial Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Amtech Esters IPO is up to ₹11.88 Cr whereas the issue size of the Spinaroo Commercial IPO is up to ₹9.66 Cr. The final issue price of Amtech Esters IPO is ₹110.00 per share and of Spinaroo Commercial IPO is ₹51.00 per share.

 Amtech Esters IPOSpinaroo Commercial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹110.00 per share₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size8,10,000 shares18,94,000 shares
Fresh Issue Size (Amount)up to ₹8.91 Crup to ₹9.66 Cr
OFS Issue Size2,70,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.97 Crup to ₹0.00 Cr
Issue Size Total10,80,000 shares18,94,000 shares
Issue Size Total (Amount)up to ₹11.88 Crup to ₹9.66 Cr

IPO Timetable

Amtech Esters IPO opens on , while Spinaroo Commercial IPO opens on Mar 28, 2025. The closing date of Amtech Esters IPO and Spinaroo Commercial IPO is , and Apr 03, 2025, respectively.

 Amtech Esters IPOSpinaroo Commercial IPO
Anchor Bid Date
Issue OpenMar 28, 2025
Issue CloseApr 03, 2025
Basis Of Allotment (Tentative)Apr 04, 2025
Initiation of Refunds (Tentative)Apr 07, 2025
Credit of Share (Tentative)Apr 07, 2025
Listing date (Tentative)Apr 08, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Amtech Esters IPO P/E ratio is , as compared to Spinaroo Commercial IPO P/E ratio of 18.21.

 Amtech Esters IPOSpinaroo Commercial IPO
Financials

Amtech Esters Limited Financial Information (Restated Consolidated)

Period Ended30 Jun 202431 Mar 2024
Assets25.9824.8
Total Income8.427.24
Profit After Tax0.672.89
Net Worth12.6812.02
Reserves and Surplus9.468.8
Amount in ₹ Crore

Spinaroo Commercial Limited Financial Information (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets21.9419.0519.4817.82
Total Income21.0241.2153.1947.58
Profit After Tax0.611.40.930.52
Net Worth6.646.034.633.7
Reserves and Surplus1.645.033.632.7
Total Borrowing7.437.528.438.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)82.1266.67
Promoter Shareholding (Post-Issue)65.7247.66
P/E Ratio18.21
Market Cap₹35.67 Cr.
ROE23.90%23.23%
ROCE24.20%37.58%
Debt/Equity0.371.25
EPS₹2.80
RoNW22.12%23.23%

Shares Offered

In the Amtech Esters IPO Retail Individual Investors (RII) are offered while in Spinaroo Commercial IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Amtech Esters IPO and 0 shares in Spinaroo Commercial IPO.

 Amtech Esters IPOSpinaroo Commercial IPO
Anchor Investor Reserveration0 shares
Market Maker Reserveration64,800 shares1,00,000 shares
QIB0 shares
NII9,46,000 shares
RII9,48,000 shares
Employee0 shares
Others
Total18,94,000 shares

Bids Received (Subscription)

Amtech Esters IPO subscribed in total, whereas Spinaroo Commercial IPO subscribed 1.52x.

 Amtech Esters IPOSpinaroo Commercial IPO
QIB (times)
NII (times)1.84x
Big NII (times)
Small NII (times)
RII (times)1.20x
Employee (times)
Other (times)
Total (times)1.52x