Spinaroo Commercial Limited IPO Detail
By Rajan Chaurasiya March, 27 2025 14:17 PMSpinaroo Commercial IPO is a fixed price of Rs 10.17 crores. The issue is entirely a fresh issue of 19.94 lakh shares.
Spinaroo Commercial IPO opens for subscription on March 28, 2025 and closes on April 3, 2025. The allotment for the Spinaroo Commercial IPO is expected to be finalized on Friday, April 4, 2025. Spinaroo Commercial IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, April 8, 2025.
Spinaroo Commercial IPO price is ₹51 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,02,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,04,000.
Finshore Management Services Limited is the book-running lead manager of Spinaroo Commercial IPO, while Cameo Corporate Services Limited is the registrar to the issue. The market maker for Spinaroo Commercial IPO is Black Fox Financial Private Limited.
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Spinaroo Commercial IPO Details
| IPO Date | March 28, 2025 to April 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Fresh Issue | 19,94,000 shares (aggregating up to ₹10.17 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 |
| Market Maker Portion | 1,00,000 shares |
Spinaroo Commercial IPO Timeline
| 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 April 3, 202 |
Spinaroo Commercial IPO Promoter Holding
| Share Holding Pre Issue | 66.67% |
| Share Holding Post Issue | 47.66% |
Spinaroo Commercial Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 21.94 | 19.05 | 19.48 | 17.82 |
| Revenue | 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 | ||||
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:
- Manufacturing: The company manufactures aluminum home foils, containers, and paper products like cups, plates, and bowls using high-quality, food-grade materials. It also sells semi-finished raw materials after processing and modification.
- Trading: The company manufactures aluminum foils, containers, and paper products using high-quality, food-grade materials. It also sells semi-finished raw materials for paper cups, plates, and bowls after processing and modification.
- Job Work: The company provides specialized job work services, including processing, shaping, and printing on paper products. It also offers coating services using food-grade materials, tailored to customer specifications and needs.
As on October 31, 2024, the company has 35 employees.
Competitive Strengths:
- Strategic Advantage of Dual Manufacturing Units within the Same Industrial Complex
- Expertise-Driven Leadership with a Vision for Growth
- Innovation and Efficiency through a Dedicated R&D Team
- Commitment to Quality Assurance and Standards.
- Establishing long-term client relationships and driving repeat business
- Backward Integratio
Review By Neeraj on March 27, 2025
No financial information contained here should be interpreted in any way as an offer to purchase or sell securities or as advice to do so. All of the information presented here is intended solely for educational and informational reasons and should never be used to guide investing choices. GMP market and operators’ game plans are not included in my reviews. Before making any real investing decisions based on the information presented here, readers should speak with a certified financial advisor. Due to entrance barriers, SEBI prefers that only knowledgeable investors take part in these offers. Due to previous chaotic listings, SME IPOs attracted the interest of investors from all walks of life, causing seer mania. However, any reader who bases decisions on any information published here does so at their own risk because SME issues have entry barriers and the broking community continues to have little preference for them. The aforementioned data is derived from current information and market perceptions. The author does not intend to make any investments in this offer.
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