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 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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- Difference between SME IPO and Mainline IPO?