Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Fri, Mar 28, 2025 - Thu, Apr 3, 2025
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 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 for investment in 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 Open
Fri, Mar 28, 2025
IPO Close
Thu, Apr 3, 2025
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹35.67 Cr
| IPO Date | 28 Mar to 3 Apr, 2025 |
| Listed on | Tue, Apr 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,94,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,00,000 shares Black Fox Financial Pvt.Ltd. (agg. up to ₹0.5100 Cr) |
| Fresh Issue (Ex Market Maker) | 18,94,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 18,94,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 69,94,000 shares |
| BSE Script Code | 544392 |
| ISIN | INE10XX01012 |
Spinaroo Commercial IPO comprises a total issue size of 19,94,000 shares. The net offer to the public is 18,94,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 9,46,000 (49.95%) allocated to NII 9,48,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,46,000 | 49.95% | 47.44% |
| Retail Shares Offered | 9,48,000 | 50.05% | 47.54% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.02% | |
| Total Shares Offered | 19,94,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 1.40 | 0.93 | 0.52 |
| NET Worth | 6.64 | 6.03 | 4.63 | 3.70 |
| Reserves and Surplus | 1.64 | 5.03 | 3.63 | 2.70 |
| Total Borrowing | 7.43 | 7.52 | 8.43 | 8.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.13 |
| 2 | General Corporate Expenses | 2.00 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 2.80 | 1.76 |
| P/E (x) | 18.21 | 29.01 |
| Promoter Holding | 66.67% | 47.66% |
| Market Cap | ₹35.67 Cr. |
The Spinaroo Commercial IPO is subscribed 1.52 times on April 3, 2025 6:19:32 PM (Day 4). The public issue subscribed 1.2 times in the retail category, [.] times in the QIB category, and 1.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.84 | 9,47,000 | 17,38,000 | 0 |
| Retail | 1.2 | 9,47,000 | 11,40,000 | 0 |
| Total | 1.52 | 18,94,001 | 28,78,000 | 713 |
Total Application : 713
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.38 |
| 2 | Regulators Including Stock Exchanges | 0.16 |
| 3 | Advertising, Selling, Marketing Expenses | 0.51 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.85 |
| Low | ₹52.60 |
| High | ₹55.00 |
| Last Trade | ₹54.44 |
Lead Manager Reports
Spinaroo Commercial IPO is a SME IPO of 19,94,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Mar 28, 2025, and closes on Thu, Apr 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 Fri, Mar 28, 2025 and closes on Thu, Apr 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 Mon, Apr 7, 2025. Check the Spinaroo Commercial IPO allotment status.
The Spinaroo Commercial IPO listing date is on Tue, Apr 8, 2025.
