Spinaroo Commercial IPO: Price, GMP, And Date

Spinaroo Commercial IPO-Complete Overview

Spinaroo Commercial IPO under the SME IPO category is a fixed price issue of Rs.10.17 Cr by Spinaroo Commercial Limited which was incorporated on August 17, 2012. The company has been involved with lots in the manufacture of aluminum foil containers, aluminum home foil, paper cups, paper plates, and paper bowls, along with semi-prepared materials for paper cups, mainly paper coating, printing, and blanking.

These comprise a whole array of additional machinery for paper cups examples are high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines. Thus, they offer full-blown end-to-end support.

The company has in stock numerous high-quality products manufactured from super-quality raw materials, which are ensured under expert guidance and intervention, into premier-performing but competitively priced, timely deliveries made to the specifications of clients.

 

Business Segment

Manufacturing: It manufactures aluminum home foil and containers. Uses quality-based materials to produce items, such as cups, plates, and bowls, all under the paper products category meant for food. Also sells semi-finished raw materials processed and modified.

Trading: It produces aluminum foils and containers, as well as paper products such as high-quality, food-grade materials from which it obtains semi-finished raw materials intended for paper cups, plates, and bowls after appropriate processing and modification.

Job Work: The specific job work services offered by this company are processing, shaping, and printing on paper products. The coating applied is also to the customer's specification using food-grade materials.

 

 

 

Spinaroo Commercial IPO Overview

This Spinaroo Commercial IPO date is on 28 Mar 2025, and its ‘initial public offering’ will end on 03 Apr 2025. 

The Rs.10.17 crore new SME IPO comprises a wholly fresh issue of 19.94 lac Shares.

This upcoming IPO date is from Mar 28 to 03 Apr, 2025. Spinaroo Commercial IPO price is Rs.51 for each Share. 

The expected Spinaroo Commercial IPO listing date is Tuesday, 08 April 2025, and listing at BSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

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Segment- wise Revenue Breakdown   

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Product - wise Revenue Breakdown   

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Sales-wise revenue Breakdown

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State-wise revenue Breakdown  

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(Source: RHP)

 

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Requirements for Working Capital

• General Corporate Purposes.
  
  

Click for the IPO application status check.

 

Peers of Spinaroo Commercial Ltd.

No listed companies in India are engaged in a similar size.

 

Evaluation

The Spinaroo Commercial Limited IPO price is Rs.51 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.2.80 from the last year, the resulting P/E ratio is 18.21x.

Considering the weighted EPS of Rs.2.19 for the last three years, the P/E ratio is 23.29x.

 

IPO's Strengths

• The competitive benefit of having two manufacturing units in the same industrial complex.

• Visionary growth-oriented leadership.

• Achieving innovation and efficiency with a separate R&D unit.

• Quality standards and assurance as critical dimensions of business strategy.

• Building client loyalty and facilitating recurring revenue.

 

IPO’s Weaknesses

• Many purchases are derived from a few suppliers, and any disruption in the supply or quality of the raw materials can impact production and financial performance.

• The company has a highly concentrated operations exposure in West Bengal. Any local dislocations (natural calamities, disturbances, etc.) can materially affect the operations as well as revenue.

• The presence and absence of work directly determine whether or not a company can function optimally. These interruptions, for example, strikes and lockouts, have the ability to impact a company’s finances, production, delivery schedules, and overall performance negatively.

 

Spinaroo Commercial IPO GMP

SME IPO GMP has not started as of 26 Mar 2025.

IPO Timetable (Tentative)

The IPO opening date is from March 28 to April 03, 2025, with allotment on April 04, refund initiation on April 07, and listing on Apr 08, 2025.

 

Spinaroo Commercial IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 19,94,000 Shares (Rs.10.17 Cr).

 

IPO Lot Details 

The Spinaroo IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.1,02,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.2,04,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Spinaroo Commercial Ltd.

• Mr. Amit Sultania

• Mr. Aditya Todi

• Mrs. Mridula Todi.
  
  

 

IPO Lead Managers

• Finshore Management Services Limited.
  
  

Dividend Policy

The company has not declared dividends in the last three fiscals.

 

Conclusion

This Spinaroo Commercial IPO provides a good opportunity for investors interested in capitalizing on a growing manufacturing and trading company. The company has strong leadership and good quality products from a consistent supplier base, but these products are from a singular geographic region. 

 

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice it is. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.