Spinaroo Commercial IPO Details
The key details of Spinaroo Commercial’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹10.17 Cr |
| Price Range | ₹51 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,02,000 |
| Pre IPO Promotor Holding | 66.67% |
| Post IPO Promotor Holding | 47.66% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Spinaroo Commercial IPO Timelines
The IPO process for Spinaroo Commercial includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
28/03/2025
Start Date03/04/2025
End Date07/04/2025
Refund Initiation07/04/2025
Credit of Shares to Demat Ac08/04/2025
Listing DateSpinaroo Commercial IPO Lot Size
The Spinaroo Commercial IPO has a fixed lot size of 2,000 shares, at a fixed price band of ₹51 per share, requiring ₹102,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹204,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,02,000 |
| Retail Maximum | 1 | 2000 | ₹1,02,000 |
| HNI Minimum | 2 | 4000 | ₹2,04,000 |
Spinaroo Commercial IPO Subscription Status
The subscription status for Spinaroo Commercial IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 1.84x | 1.20x | -- | 1.52x |
IPO Performance on Listing Day
On the listing day (April 8, 2025), Spinaroo Commercial made a modest debut on the stock exchange. The stock opened at ₹52.85, recording a decent premium of 3.6% over its issue price of ₹51. Throughout the trading session, the stock showed steady upward momentum, reaching a high of ₹55.00 while maintaining support above ₹52.60. The shares concluded their first trading day at ₹54.44, securing a healthy gain of 6.7% over the issue price, indicating positive investor interest in this commercial services provider.RetryClaude can make mistakes. Please double-check responses.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹52.85 | ₹54.44 | ₹55.00 | ₹52.60 |
Spinaroo Commercial IPO Company Financials
Spinaroo Commercial IPO reports robust performance in FY2024 with Total Income of ₹41.21 crores, managing expenses at ₹38.19 crores, and achieving a strong PAT (Profit After Tax) of ₹1.40 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹47.58 | ₹45.28 | ₹0.52 |
| FY 2023 | ₹53.19 | ₹50.93 | ₹0.93 |
| FY 2024 | ₹41.21 | ₹38.19 | ₹1.40 |
| FY 2025 (6M) | ₹21.02 | ₹19.69 | ₹0.61 |
About Company
Spinaroo Commercial Limited, established on August 17, 2012, is a company specializing in the manufacturing of aluminum foil containers, aluminum home foils, paper cups, paper plates, and paper bowls. Additionally, they produce semi-processed materials for paper cups, including paper coating, printing, and blanking. The company also offers 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 complete support for its customers’ needs. Spinaroo’s products are known for their high quality, made from superior raw materials and manufactured under expert supervision, ensuring exceptional performance and competitive pricing.
The company operates in three main business segments: Manufacturing, Trading, and Job Work. In the Manufacturing segment, Spinaroo produces aluminum foils, containers, and paper products using food-grade materials, and also offers semi-finished raw materials for paper products. In the Trading segment, they continue to provide similar products along with semi-finished materials after processing and modification. The Job Work segment focuses on offering specialized services such as processing, shaping, and printing on paper products, along with coating services tailored to customer specifications using food-grade materials.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2012 | Manufacturing | Aditya Todi |
Know Before Investing
Spinaroo Commercial IPO Strengths
- Spinaroo Commercial specializes in manufacturing a variety of products, including aluminum foil containers, paper cups, and plates, which caters to multiple market segments and reduces dependency on a single product line.
- The company operates two manufacturing facilities located within the Jalan Industrial Complex in Kolkata, providing logistical advantages and cost efficiencies in production and distribution.
- Spinaroo serves a diverse clientele across 12 states and 2 Union Territories in India, indicating a broad market reach and potential for further expansion in both existing and new markets.
- Spinaroo sources raw materials from reliable vendors and emphasizes high-quality production processes, which can enhance product reputation and customer satisfaction.
- With plans for expansion and the ability to adapt to market demands, Spinaroo Commercial is well-positioned to capitalize on emerging opportunities within the growing packaging industry in India.
Spinaroo Commercial IPO Risks
- The demand for Spinaroo’s products, including packaging materials, can be influenced by market trends and consumer preferences, which may lead to fluctuations in sales and revenue.
- As a manufacturing entity, Spinaroo is subject to various regulations and compliance requirements, which can change over time and may impose additional costs or operational challenges.
- The packaging industry is highly competitive, and Spinaroo faces competition from established players as well as new entrants.
- The company relies on specific suppliers for raw materials, and any disruption in the supply chain could adversely affect production capabilities and operational efficiency.
- Being a relatively new player in the market, Spinaroo may lack the operational experience that more established companies possess, potentially affecting its strategic decision-making.
Swot Analysis for Spinaroo Commercial IPO
Strengths
Dual manufacturing units, Expertise-driven leadership, High-quality product offerings
Weaknesses
Declining revenue trends, Limited profit margins, High debt-to-equity ratio
Opportunities
Growing demand for eco-friendly products, Potential for backward integration
Threats
Intense industry competition, Fluctuating raw material costs, Dependency on niche markets
Company Details
Spinaroo Commercial Limited
Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah 711 411
Phone: +91 96747 03249
Email: compliance@spino.co.in
Website: http://www.spino.co.in/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Spinaroo Commercial IPO are:
- Working Capital Requirements
- General Corporate Expenses
Finshore Management Services Limited is the book-running lead managers for the Spinaroo Commercial IPO.
Spinaroo Commercial IPO shows growth potential due to its focus on manufacturing aluminum foil containers and paper products, with FY2024 revenue at ₹41.21 crore and net profit improving to ₹1.40 crore. Attractive valuation metrics like a P/E ratio of 3.64 and ROE of 23.23% support its prospects, though declining revenue poses a risk.
The issue price for the Spinaroo Commercial IPO is set to ₹51 per share.
To invest in one lot of Spinaroo Commercial IPO, you need ₹1,02,000 at the fixed price band (₹51 per share) for a lot size of 2000 shares.
Spinaroo Commercial IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on April 8, 2025.
Refund/unblocking of funds for Spinaroo Commercial IPO will begin on April 7, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Spinaroo Commercial IPO shares on listing day (April 8, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.