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Spinaroo Commercial Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹51
Per Share
GMP
NIL
Grey Market
Est. Listing
₹51
Expected Price
Min. Application
₹204,000
2 lots × 2000 shares
IPO Issue Details
Issue Price / Price Band₹51 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size19,94,000 shares (aggregating up to ₹10.17 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 28 Mar 2025
Subscription CloseThu, 03 Apr 2025
Anchor AllotmentThu, 27 Mar 2025
Basis of AllotmentFri, 04 Apr 2025
Initiation of RefundsMon, 07 Apr 2025
Credit of Shares to DematMon, 07 Apr 2025
Listing DateTue, 08 Apr 2025
UPI Mandate Deadline2025-04-03
Application & Investment Details
Retail — Min (1 Lots)₹1,02,000 — 2,000 shares
Retail — Max (13 Lots)₹1,326,000 (13 Lots)
HNI — Min (2 Lots)₹2,04,000 — 4,000 shares
EPS (Pre-IPO)₹2.80
EPS (Post-IPO)₹1.76
P/E Ratio (Pre-IPO)18.21x
P/E Ratio (Post-IPO)29.01x
Net Offer to Public18,94,000 shares (aggregating up to ₹9.66 Cr)
Reserved for Market Maker1,00,000 shares (aggregating up to ₹0.5100 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding69,94,000 shares
About Spinaroo Commercial Ltd.

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 ComplexExpertise-Driven Leadership with a Vision for GrowthInnovation and Efficiency through a Dedicated R&D TeamCommitment to Quality Assurance and Standards.Establishing long-term client relationships and driving repeat businessBackward Integration

Objects of the Issue

Spinaroo Commercial Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Working Capital Requirements
7.13
2
General Corporate Expenses
2.00
Shareholding & Lock-in
Pre-IPO Promoter Holding 50,00,000 shares
Post-IPO Promoter Holding 69,94,000 shares
Check AllotmentCheck Status →
Spinaroo Commercial Ltd. — Live Price LIVE
₹51.00
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Issue ₹51.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹51
GMPNIL
Est. Listing₹51
Lot Size2,000 shares
Min Amount₹204,000
Listing Date08 Apr 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹51
Listing Date08 Apr 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 100,000 ₹0.51 Cr
TOTAL 1,994,000 100.00% ₹10.17 Cr
* Based on ₹51.00 (upper price band)
Lot Size & Investment Details
Lot Size
2,000
Shares
Issue Price
₹51.00
Per Share
Min Investment
₹102,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 2,000 ₹102,000
Retail (Max) 13 26,000 ₹1,326,000
sNII (Min) 14 28,000 ₹1,428,000
bNII (Min) 68 136,000 ₹6,936,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 21.02 41.21 53.19
EBITDA N/A N/A N/A
Profit After Tax (PAT) 0.61 1.40 0.93
Net Worth 6.64 6.03 4.63
Total Assets 21.94 19.05 19.48
Reserves & Surplus 1.64 5.03 3.63
Total Borrowings 7.43 7.52 8.43
Key Ratios & Valuation
Issue Price ₹51
Face Value ₹10 Per Share
P/BV 0.85
RoE 23.23%
RoCE 37.58%
RoNW 23.23%
PAT Margin (%) 3.40%
EBITDA Margin (%) N/A
Debt / Equity 1.25
Company Details
Company
Spinaroo Commercial Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah, West Bengal, 711411
Book Running Lead Managers
Finshore Management Services Ltd
Book Running Lead Manager (BRLM)