Spinaroo Commercial IPO: Everything You Need to Know Before Investing
The Spinaroo Commercial IPO is set to open on March 28, 2025, and will close on April 3, 2025. This Fixed Price Issue IPO aims to raise approximately ₹10.17 crores through a fresh issue. The IPO will be listed on BSE SME on April 8, 2025.
For investors looking to invest in a growing manufacturing company, this IPO presents an opportunity to participate early in the company’s journey. Below, we break down the IPO details, financials, valuation, and key investment insights.
Spinaroo Commercial IPO Overview
| IPO Details | Values |
|---|---|
| IPO Open Date | March 28, 2025 |
| IPO Close Date | April 3, 2025 |
| IPO Listing Date | April 8, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per share |
| Issue Size | ₹10.17 crores |
| Fresh Issue | ₹10.17 crores |
| Issue Type | Fixed Price Issue |
| Listing Exchange | BSE SME |
| Retail Quota | 50% |
| NII Quota | 50% |
| QIB Quota | 0% |
Spinaroo Commercial IPO Market Lot Details
| Investor Category | Lot Size | Number of Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 2,000 shares | ₹1,02,000 |
| Retail Maximum | 1 lot | 2,000 shares | ₹1,02,000 |
| S-HNI Minimum | 2 lots | 4,000 shares | ₹2,04,000 |
Investors should note that the minimum investment amount is ₹1,02,000, making this IPO suitable for investors with a high-risk appetite.
Spinaroo Commercial IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | March 28, 2025 |
| IPO Close Date | April 3, 2025 |
| Allotment Date | April 4, 2025 |
| Refunds Initiation | April 7, 2025 |
| Credit to Demat | April 7, 2025 |
| Listing Date | April 8, 2025 |
Promoters of Spinaroo Commercial IPO
The founders and promoters behind Spinaroo Commercial are:
- Mr. Amit Sultania
- Mr. Aditya Todi
- Mrs. Mridula Todi
These individuals bring extensive experience in the manufacturing industry, positioning Spinaroo Commercial for steady growth and expansion.
About Spinaroo Commercial Limited
Founded on August 17, 2012, Spinaroo Commercial Limited is engaged in the manufacturing of disposable packaging products, including:
- Aluminium Foil Containers
- Aluminium Home Foil
- Paper Cups, Plates, and Bowls
- Semi-Processed Materials for Paper Cups (coating, printing, blanking)
- High-Speed Paper Cup Machines
- Flexo Printing Machines
- Automatic Roll-Cutting Machines
Manufacturing Facilities & Distribution
- The company has two manufacturing facilities in Jalan Industrial Complex, Howrah (Kolkata).
- It serves clients across 12 states and 2 Union Territories, including West Bengal, Tripura, Chhattisgarh, Bihar, Jharkhand, Assam, and Odisha.
- The company employs 35 workers as of October 31, 2024.
With a strong supply chain and a growing presence in the disposable packaging sector, Spinaroo Commercial is well-positioned for long-term growth.
Spinaroo Commercial Financial Performance
Financial Report (₹ in Crores)
| Year | Revenue | Expenses | Profit After Tax (PAT) | Total Assets |
|---|---|---|---|---|
| 2022 | ₹47.58 Cr | ₹45.28 Cr | ₹0.52 Cr | ₹17.82 Cr |
| 2023 | ₹53.19 Cr | ₹50.93 Cr | ₹0.93 Cr | ₹19.48 Cr |
| 2024 | ₹41.21 Cr | ₹38.19 Cr | ₹1.40 Cr | ₹19.05 Cr |
| Sep 2024 | ₹21.02 Cr | ₹19.69 Cr | ₹0.61 Cr | ₹21.94 Cr |
The company’s revenue has slightly declined in 2024, but profitability has improved, indicating better cost management and operational efficiency.
Spinaroo Commercial IPO Valuation – FY 2024
| Valuation Metrics | Value |
|---|---|
| Return on Equity (ROE) | 23.23% |
| Return on Capital Employed (ROCE) | 37.58% |
| EBITDA Margin | 6.48% |
| PAT Margin | 3.40% |
| Debt to Equity Ratio | 1.25 |
| Earnings Per Share (EPS) | ₹2.80 (Basic) |
| Price/Earnings (P/E) Ratio | 3.64 |
| Return on Net Worth (RoNW) | 23.23% |
| Net Asset Value (NAV) | ₹60.29 |
Despite a higher debt-to-equity ratio (1.25), the company has strong profitability ratios, making it an attractive investment for long-term investors.
Objects of the IPO Issue
The IPO funds will be used for:
- Working Capital Requirements
- General Corporate Purposes
This will help the company expand operations and improve financial stability.
Spinaroo Commercial IPO Registrar & Lead Manager
- Registrar: Cameo Corporate Services Limited
- Phone: +91-44-40020700 / 28460390
- Email: ipo@cameoindia.com
- Website: Cameo India IPO Status
- Lead Manager: Finshore Management Services Limited
How to Apply for Spinaroo Commercial IPO?
You can apply for the IPO via ASBA (Application Supported by Blocked Amount) through:
- Online Banking (HDFC, ICICI, SBI, etc.)
- UPI-Based Applications (Zerodha, Groww, Paytm Money)
- Offline Brokers (Filling out a physical form)
Spinaroo Commercial IPO FAQs
1. What is the Spinaroo Commercial IPO Price?
The IPO is priced at ₹51 per share.
2. When will the Spinaroo Commercial IPO open?
The IPO opens on March 28, 2025, and closes on April 3, 2025.
3. What is the minimum lot size for Spinaroo Commercial IPO?
The minimum lot size is 2,000 shares, requiring an investment of ₹1,02,000.
4. When will Spinaroo Commercial IPO be listed?
The IPO will be listed on BSE SME on April 8, 2025.
5. Should you invest in Spinaroo Commercial IPO?
With strong financials, a growing market presence, and efficient cost management, the IPO could be a good long-term investment. However, investors should consider market risks and business sustainability before applying.
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