Comparison between Spinaroo Commercial IPO and TSC India IPO.
Spinaroo Commercial IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TSC India IPO is a SME Bookbuilding proposed to list at NSE SME.
| Spinaroo Commercial IPO | TSC India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Black Fox Financial Pvt.Ltd. | Prabhat Financial Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Spinaroo Commercial IPO is up to ₹9.66 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Spinaroo Commercial IPO is ₹51.00 per share and of TSC India IPO is ₹70.00 per share.
| Spinaroo Commercial IPO | TSC India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹68.00 per share | |
| Issue Price (Upper) | ₹70.00 per share | |
| Issue Price (Final) | ₹51.00 per share | ₹70.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 18,94,000 shares | 35,12,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.66 Cr | up to ₹24.58 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 18,94,000 shares | 35,12,000 shares |
| Issue Size Total (Amount) | up to ₹9.66 Cr | up to ₹24.58 Cr |
Spinaroo Commercial IPO opens on Mar 28, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Spinaroo Commercial IPO and TSC India IPO is Apr 03, 2025, and Jul 25, 2025, respectively.
| Spinaroo Commercial IPO | TSC India IPO | |
|---|---|---|
| Anchor Bid Date | Jul 22, 2025 | |
| Issue Open | Mar 28, 2025 | Jul 23, 2025 |
| Issue Close | Apr 03, 2025 | Jul 25, 2025 |
| Basis Of Allotment (Tentative) | Apr 04, 2025 | Jul 28, 2025 |
| Initiation of Refunds (Tentative) | Apr 07, 2025 | Jul 29, 2025 |
| Credit of Share (Tentative) | Apr 07, 2025 | Jul 29, 2025 |
| Listing date (Tentative) | Apr 08, 2025 | Jul 30, 2025 |
| Anchor Lockin End date 1 | Aug 27, 2025 | |
| Anchor Lockin End date 2 | Oct 26, 2025 |
Spinaroo Commercial IPO P/E ratio is 18.21, as compared to TSC India IPO P/E ratio of 15.44.
| Spinaroo Commercial IPO | TSC India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Spinaroo Commercial Limited Financial Information (Restated Standalone)
| TSC India Ltd. Financial Information (Restated Consolidated)TSC India Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 66.67 | 90.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 47.66 | 66.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.21 | 15.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹35.67 Cr. | ₹98.34 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.23% | 31.13% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 37.58% | 19.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.80 | ₹4.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.23% | 31.13% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Spinaroo Commercial IPO Retail Individual Investors (RII) are offered 9,48,000 shares while in TSC India IPO retail investors are offered 9,48,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Spinaroo Commercial IPO and 7,02,000 shares in TSC India IPO.
| Spinaroo Commercial IPO | TSC India IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | 10,50,000 shares |
| Market Maker Reserveration | 1,00,000 shares | 1,86,000 shares |
| QIB | 0 shares | 7,02,000 shares |
| NII | 9,46,000 shares | 5,28,000 shares |
| RII | 9,48,000 shares | 12,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 18,94,000 shares | 35,12,000 shares |
Spinaroo Commercial IPO subscribed 1.52x in total, whereas TSC India IPO subscribed 73.21x.
| Spinaroo Commercial IPO | TSC India IPO | |
|---|---|---|
| QIB (times) | 40.03x | |
| NII (times) | 1.84x | 133.17x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.20x | 66.47x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.52x | 73.21x |
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