Spinaroo Commercial IPO opens for subscription on March 28, 2025, and closes on April 3, 2025. The allotment is finalized on April 4, 2025, and the shares list on the BSE SME exchange on April 8, 2025.
This Spinaroo Commercial IPO follows a fixed-price structure, offering shares at ₹51 each. The company issues 19.94 lakh fresh shares, raising ₹10.17 crores.
Retail investors apply for a minimum lot of 2000 shares, requiring an investment of ₹1,02,000, while high-net-worth individuals (HNIs) invest at least ₹2,04,000 for two lots. The IPO reserves 50% of shares for retail investors and 50% for HNIs.
Spinaroo Commercial Limited, incorporated on August 17, 2012, engages in manufacturing aluminum foil containers, home foils, paper cups, plates, bowls, and semi-processed materials used in paper production, such as coated and printed paper. The company also supplies machinery for the paper cup industry, including high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines.
Operating from two manufacturing units in the Jalan Industrial Complex, Kolkata, Howrah, it serves clients across 12 states and two Union Territories, including West Bengal, Tripura, Chhattisgarh, Bihar, Jharkhand, Assam, and Odisha. By sourcing raw materials from trusted vendors and maintaining strict quality control, the company ensures high product standards.
Spinaroo Commercial reports revenue of ₹41.21 crores in 2024, compared to ₹53.19 crores in 2023. Its net profit rises to ₹1.40 crores in 2024 from ₹0.93 crores in 2023. The company strengthens its position in the market through efficient manufacturing, experienced leadership, and a focus on research and innovation. With a commitment to quality and customer satisfaction, it continues to expand its presence and build long-term business relationships.
Overview of Contents
Spinaroo Commercial IPO Overview
| IPO Details | Information |
|---|---|
| IPO Subscription Period | March 28, 2025 – April 3, 2025 |
| Expected Listing Date | April 8, 2025 |
| Face Value per Share | ₹10 |
| Offer Price | ₹51 per share |
| Minimum Lot Size | 2,000 shares |
| Total Shares Issued | 19,94,000 shares |
| Total Fund Raised | ₹10.17 crores |
| Type of Issue | Fixed Price Issue |
| Market of Listing | BSE SME |
| Pre-Issue Shareholding | 50,00,000 shares |
| Post-Issue Shareholding | 69,94,000 shares |
| Market Maker Allocation | 1,00,000 shares |
| Retail Investor Quota | 50% of the net issue |
| Non-Retail Allocation | 50% of the net issue |
Spinaroo Commercial IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Spinaroo Commercial IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Spinaroo Commercial IPO Dates
| Subscription Opening | March 28, 2025 (Friday) |
| Subscription Closing | April 3, 2025 (Thursday) |
| Expected Allotment Finalization | April 4, 2025 (Friday) |
| Refund Processing Begins | April 7, 2025 (Monday) |
| Demat Account Share Credit | April 7, 2025 (Monday) |
| Projected Listing Date | April 8, 2025 (Tuesday) |
| UPI Mandate Deadline | April 3, 2025, by 5 PM |
Objects of the Issue
- Working Capital Requirements
- General Corporate Expenses
Spinaroo Commercial IPO Financial Performance
| Financial Metrics | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr.) | 21.94 | 19.05 | 19.48 | 17.82 |
| Total Revenue (₹ Cr.) | 21.02 | 41.21 | 53.19 | 47.58 |
| Net Profit (₹ Cr.) | 0.61 | 1.40 | 0.93 | 0.52 |
| Shareholder’s Equity (₹ Cr.) | 6.64 | 6.03 | 4.63 | 3.70 |
| Retained Earnings (₹ Cr.) | 1.64 | 5.03 | 3.63 | 2.70 |
| Outstanding Debt (₹ Cr.) | 7.43 | 7.52 | 8.43 | 8.99 |
Spinaroo Commercial IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 23.18% |
| Capital Efficiency (ROCE) | 37.52% |
| Operating Profit Margin | 6.45% |
| Net Profit Margin | 3.38% |
| Leverage Ratio (Debt/Equity) | 1.26 |
| Earnings Per Share (EPS) | ₹2.78 |
| Valuation Multiple (P/E) | 3.62 |
| Return on Net Assets | 23.18% |
| Book Value Per Share (NAV) | ₹60.25 |
Spinaroo Commercial IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700 / 28460390
Email: [email protected]
Website: www.cameoindia.com
Spinaroo Commercial IPO Review
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Company Address
Spinaroo Commercial Limited
Jalan Industrial Complex Gate-1, Right Lane-6,
P.O. Jangalpur, Begri Gram Panchayat,
Howrah- 711 411, West Bengal, India
Phone: +91 96747 03249
E-Mail: [email protected]
Website: Www.Spino.Co.In
FAQs – Spinaroo Commercial IPO
When does the Spinaroo Commercial IPO open and close?
The IPO opens for subscription on March 27, 2025, and closes on April 2, 2025.
What is the Spinaroo Commercial IPO issue price and lot size?
The IPO is priced at ₹51 per share, with a minimum lot size of 2,000 shares.
When will the Spinaroo Commercial IPO allotment be finalized?
The allotment is expected to be finalized on April 3, 2025.
What is the tentative listing date for Spinaroo Commercial IPO?
The IPO is set to list on the BSE SME on April 7, 2025.
How can investors check their IPO allotment status?
Investors can check their allotment status using their PAN number, application number, or bank details on the official registrar’s website.