Spinaroo Commercial Limited is engaged in the manufacturing of aluminum foil containers, aluminum home foil, paper cups, paper plates, paper bowls, and semi-processed materials for paper cups, including paper coating, printing, and blanking.
They also offer 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 comprehensive end-to-end support.
The company offers a wide range of high-quality products made from superior raw materials. These are manufactured under expert guidance, ensuring exceptional performance, competitive pricing, and timely delivery to meet client specifications.
The Company’s Business Segment:
- Manufacturing: The company manufactures aluminum home foils, containers, and paper products like cups, plates, and bowls using high-quality, food-grade materials. It also sells semi-finished raw materials after processing and modification.
- Trading: The company manufactures aluminum foils, containers, and paper products using high-quality, food-grade materials. It also sells semi-finished raw materials for paper cups, plates, and bowls after processing and modification.
- Job Work: The company provides specialized job work services, including processing, shaping, and printing on paper products. It also offers coating services using food-grade materials, tailored to customer specifications and needs.
As on October 31, 2024, the company has 35 employees.
Spinaroo Commercial IPO – Details
| IPO Opening Date | 28 March 2025 |
| IPO Closing Date | 03 April 2025 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 19,94,000 Shares Worth ₹10.17 Crore Fresh Issue: 19,94,000 Shares Worth ₹10.17 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Spinaroo Commercial IPO – Date Schedule
| IPO Open Date | 28 March 2025 |
| IPO Close Date | 03 April 2025 |
| Basis of Allotment | 04 April 2025 |
| Initiation of Refund | 07 April 2025 |
| Credit of Shares to Demat Account | 07 April 2025 |
| IPO Listing Date | 08 April 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 03, 2025 |
Spinaroo Commercial IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
| HNI (Min) | 2 | 4000 | ₹2,04,000 |
Competitive Strengths
- Strategic Advantage of Dual Manufacturing Units within the Same Industrial Complex.
- Expertise-Driven Leadership with a Vision for Growth.
- Innovation and Efficiency through a Dedicated R&D Team.
- Commitment to Quality Assurance and Standards.
- Establishing long-term client relationships and driving repeat business.
- Backward Integration.
Company Promoters
- Mr. Amit Sultania
- Mr. Aditya Todi
- Mrs. Mridula Todi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 47.57 | 45.27 | 0.51 | 8.99 |
| 31 March 2023 | 53.19 | 50.93 | 0.93 | 8.43 |
| 31 March 2024 | 41.21 | 38.19 | 1.40 | 7.52 |
| 30 September 2024 | 21.01 | 19.68 | 0.61 | 7.43 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 1.25 |
| RoNW | 23.23% |
| PAT Margin | 3.40 |
| Price to Book Value | 0.85 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.80 | 1.76 |
| P/E (x) | 18.21 | 29.01 |
Object Of The Issue
- Working Capital Requirements.
- General Corporate Purpose.
Spinaroo Commercial IPO Promoter Holding
| Pre Issue Share Holding | 66.67% |
| Post Issue Share Holding | 47.66% |
Spinaroo Commercial IPO Prospectus
Company Contact Information
| 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/ |
Spinaroo Commercial IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Spinaroo Commercial IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Spinaroo Commercial IPO FAQs
| What is Spinaroo Commercial IPO? Spinaroo Commercial IPO is an SME IPO. The issue is priced at ₹51 per equity share. The IPO is to be listed on BSE SME. |
| When Spinaroo Commercial IPO will open? The IPO is to open on 28 March 2025 for NII and Retail Investors. |
| What is Spinaroo Commercial IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Spinaroo Commercial IPO? You can apply Spinaroo Commercial IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Spinaroo Commercial IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Spinaroo Commercial IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Spinaroo Commercial IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Spinaroo Commercial IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Spinaroo Commercial IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Spinaroo Commercial IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Spinaroo Commercial IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Spinaroo Commercial IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Spinaroo Commercial IPO Size? Spinaroo Commercial IPO size is ₹10.17 Crore. |
| What is the Spinaroo Commercial IPO Price Band? Spinaroo Commercial IPO Price Band is ₹51. |
| What is Spinaroo Commercial IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,02,000 amount while the maximum bid is 2000 Shares with ₹1,02,000. |
| What is the Spinaroo Commercial IPO Allotment Date? Spinaroo Commercial IPO allotment date is 04 April 2025. |
| What is the Spinaroo Commercial IPO Listing Date? Spinaroo Commercial IPO listing date is 08 April 2025. The IPO is to be listed on BSE SME. |
