Spinaroo Commercial Limited IPO GMP Live, Open Date, Close Date, Price Band

  • 25-Mar-2025
  • 2 mins read
Spinaroo Commercial Limited IPO

Spinaroo Commercial Limited IPO GMP Live, Open Date, Close Date

Spinaroo Commercial Limited's IPO open date is March 28, 2025, and the closing date is April 3, 2025. It is a fixed price issue amounting to Rs 10.17 crores. This upcoming IPO is offering entirely fresh issues of up to 19.94 lakh equity shares worth up to Rs 10.17 crore. 

Spinaroo Commercial Limited IPO price band is Rs 51 per share. Currently, the GMP of the Spinaroo Commercial Limited IPO is at 0. This indicates a neutral sentiment and low interest among investors in this IPO.

Spinaroo Commercial Limited IPO lot size is 2000 shares, and the allotment status of the IPO will be finalised on April 3, 2025. The minimum investment for retail investors is Rs 1,02,000. The registrar for the Spinaroo Commercial Limited IPO is Cameo Corporate Services.

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Spinaroo Commercial Limited IPO GMP Live

Spinaroo Commercial Limited IPO GMP is currently at  Rs 0. It indicates a neutral sentiment among the retail and HNI investors. It is expected that the listing price of the IPO will be near Rs 51 per share. You can check the latest Grey market premium today online. 

Spinaroo Commercial Limited IPO Price Band

The IPO price for Spinaroo Commercial Limited is set at Rs 51 per share. For retail investors, the minimum amount required is Rs 1,02,000 ( Rs 51 x 2000 shares. HNI investors  require a minimum investment of Rs 2,04,000( 51 x 4000 shares)

Spinaroo Commercial Limited Allotment Status

Spinaroo Commercial Limited IPO Allotment status is available on its registrar website on April 4, 2025 After the subscription ends after the closing of IPO bidding, one can check the allotment status on its registrar website.

Spinaroo Commercial Limited Listing Date

The listing date of the Spinaroo Commercial Limited IPO is April 8, 2025. The listing of the IPO will be done on the BSE SME platform. Investors can sell their shares after 10 AM on the listing day.

Spinaroo Commercial Limited IPO: Listing Date, Lot Size, Issue Size, Price Band

IPO Date

March 28, 2025, to April 3, 2025

Listing Date

April 8, 2025 

Face Value

Rs 10 per share

Issue Price

Rs 51 per share

Lot Size

2,000 Shares

Total Issue Size

19,94,000 shares

(aggregating up to Rs 10.17 Cr)

Fresh Issue

19,94,000 shares

(aggregating up to Rs 10.17 Cr)

Issue Type

Fixed Price Issue 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

Black Fox Financial Private Limited

Spinaroo Commercial Limited: About the Company

Spinaroo Commercial IPO

Spinaroo Commercial Limited is a Kolkata-based company which was incorporated on August 17, 2012. The company specialises in manufacturing aluminium foil containers and related products. The company operates two facilities in Jalan and serves across 12 states and two union territories in India.

Recently, Spinaroo announced an IPO aiming to raise Rs 10.17 crores for expansion. The company reported a revenue of Rs 41.2 crores while signalling a strong potential. 

Spinaroo Commercial Limited IPO Objectives 

Spinaroo Commercial Limited's IPO objectives include utilising the funds from the IPO to achieve various objectives. Some of the objectives of the Spinaroo Commercial Limited IPO include working capital requirements and General Corporate Expenses.

Spinaroo Commercial Limited IPO: Key Dates, Allotment, Listing Date

IPO Open Date

Friday, March 28, 2025

IPO Close Date

Thursday, April 3, 2025

Tentative Allotment

Friday, April 4, 2025

Initiation of Refunds

Monday, April 7, 2025

Credit of Shares to Demat

Monday, April 7, 2025

Tentative Listing Date

Tuesday, April 8, 2025

Cut-off time for UPI mandate confirmation

5 PM on April 3, 2025

Spinaroo Commercial Limited IPO Promoter Holdings

Spinaroo Commercial Limited Holders are Mr Amit Sultania, Mr Aditya Todi, and Mrs Mridula Todi. The shareholding of the promoters before the IPO is 66.67%, while in post-IPO, the holdings of the promoters will decline to 47.66%.

Spinaroo Commercial Limited Financials (Amt in Rs Cr)

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

Lead Manager and Registrar of Spinaroo Commercial Limited  IPO

Spinaroo Commercial Limited's lead manager is Finshore Management Services Limited. The company has appointed  Cameo Corporate Services Limited as the registrar for this public issue.

How to apply for the Spinaroo Commercial Limited  IPO

Interested investors who want to apply for the Spinaroo Commercial Limited  IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website by visiting here. You can also check the details of the upcoming IPO on the Bigul platform.

Spinaroo Commercial Limited  IPO FAQs

1. What are the core details available of the Spinaroo Commercial Limited  IPO?

Spinaroo Commercial Limited  IPO is a fixed price issue worth up to Rs 10.7 crores. The price band for this IPO is Rs 51 per share. This upcoming IPO is offering entirely a fresh issue of 19.94 lakh equity shares worth up to Rs 10.7 crore.

2. What is the Spinaroo Commercial Limited  IPO open date and close date?

Spinaroo Commercial Limited  IPO subscription opens on March 28, 2025, and closes on April 3, 2025.

3. What is Spinaroo Commercial Limited  IPO GMP Live?

Spinaroo commercial Limited  IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 51 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Spinaroo Commercial Limited  IPO Allotment status is available on its registrar, Cameo corporate services website. Once the IPO subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of Spinaroo Commercial Limited  IPO?

Spinaroo Commercial Limited  IPO lead manager is Finshore Managment. The company has appointed Cameo Corporate Services Limited as the registrar for this public issue.

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