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Spinaroo Commercial IPO is a fixed price issue of ₹10.17 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹10.17 crore.
Spinaroo Commercial IPO bidding started from Mar 28, 2025 and ended on Apr 3, 2025. The allotment for Spinaroo Commercial IPO was finalized on Apr 4, 2025. The shares got listed on BSE SME on Apr 8, 2025.
Spinaroo Commercial IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Spinaroo Commercial IPO RHP for detailed Information.
| IPO Date | March 28, 2025 to April 3, 2025 |
| Listing Date | April 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Reserved for Market Maker | 1,00,000 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹0.5100 Cr) |
| Net Offered to Public | 18,94,000 shares (aggregating up to ₹9.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 69,94,000 shares |
Spinaroo Commercial IPO offers total 19,94,000 shares. Out of which 9,46,000 (47.44%) allocated to NII, 9,48,000 (47.54%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.02%) |
| NII (HNI) Shares Offered | 9,46,000 (47.44%) |
| Retail Shares Offered | 9,48,000 (47.54%) |
| Total Shares Offered | 19,94,000 (100.00%) |
Spinaroo Commercial IPO opens on March 28, 2025, and closes on April 3, 2025.
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Thu, Apr 3, 2025 |
| Tentative Allotment | Fri, Apr 4, 2025 |
| Initiation of Refunds | Mon, Apr 7, 2025 |
| Credit of Shares to Demat | Mon, Apr 7, 2025 |
| Tentative Listing Date | Tue, Apr 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 3, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in August 17, 2012, Spinaroo Commercial Limited is engaged in the manufacturing of aluminum foil containers, aluminum home foil, paper cups, paper plates, paper bowls, and semi-processed materials for paper cups, including paper coating, printing, and blanking.
They also offer a range of paper cup-related machinery, such as high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines, providing comprehensive end-to-end support.
The company offers a wide range of high-quality products made from superior raw materials. These are manufactured under expert guidance, ensuring exceptional performance, competitive pricing, and timely delivery to meet client specifications.
Business Segment:
As on October 31, 2024, the company has 35 employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 21.94 | 19.05 | 19.48 | 17.82 |
| Total Income | 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 |
| Reserves and Surplus | 1.64 | 5.03 | 3.63 | 2.7 |
| Total Borrowing | 7.43 | 7.52 | 8.43 | 8.99 |
| Amount in ₹ Crore | ||||
The market capitalization of Spinaroo Commercial IPO is ₹35.67 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 23.23% |
| ROCE | 37.58% |
| Debt/Equity | 1.25 |
| RoNW | 23.23% |
| PAT Margin | 3.40% |
| Price to Book Value | 0.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.80 | 1.76 |
| P/E (x) | 18.21 | 29.01 |
The Company Spinaroo Commercial IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 7.13 |
| 2 | General Corporate Expenses | 2.00 |
[Dilip Davda] SCL is engaged in the manufacturing and marketing of aluminium foil products, paper cups, paper plates and related matters. It marked inconsistency in its reported financial performances. Based on recent financial data, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Small post-IPO equity capital indicates longer gestation period for migration. This “High Risk/Low Return” pricey bet may be skipped. Read detail review...
| Listing Date | April 8, 2025 |
| BSE Script Code | 544392 |
| NSE Symbol | |
| ISIN | INE10XX01012 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.85 |
| Low | ₹52.60 |
| High | ₹55.00 |
| Last Trade | ₹54.44 |
Spinaroo Commercial Ltd.
Jalan Industrial Complex Gate-1,
Right Lane-6, P.O. Jangalpur,
Begri Gram Panchayat,
Howrah, West Bengal, 711411
Phone: +91 96747 03249
Email: compliance@spino.co.in
Website: http://www.spino.co.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Spinaroo Commercial IPO is a SME IPO of 19,94,000 equity shares of the face value of ₹10 aggregating up to ₹10.17 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on March 28, 2025, and closes on April 3, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Spinaroo Commercial IPO using UPI as a payment gateway. Zerodha customers can apply in Spinaroo Commercial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spinaroo Commercial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spinaroo Commercial IPO opens on March 28, 2025 and closes on April 3, 2025.
Spinaroo Commercial IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Spinaroo Commercial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Spinaroo Commercial IPO will be done on Friday, April 4, 2025, and the allotted shares will be credited to your demat account by Monday, April 7, 2025. Check the Spinaroo Commercial IPO allotment status.
The Spinaroo Commercial IPO listing date is on Tuesday, April 8, 2025.
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