Spinaroo Commercial’s IPO is a fixed-price issue of ₹10.17 crores, consisting entirely of a fresh issue of 19.94 lakh shares.
The subscription window for the IPO opens on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalized on Friday, April 4, 2025, with a tentative listing date set for Tuesday, April 8, 2025, on the BSE SME platform.
The IPO is priced at ₹51 per share, with a minimum application lot size of 2,000 shares. Retail investors need to invest a minimum of ₹1,02,000, while HNI investors must apply for at least two lots (4,000 shares) amounting to ₹2,04,000.
Finshore Management Services Limited is the book-running lead manager for the IPO, with Cameo Corporate Services Limited serving as the registrar. Black Fox Financial Private Limited is the market maker for the issue.
Spinaroo Commercial IPO Details
| IPO Date | March 28, 2025 to April 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Fresh Issue | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Issue Type | Fixed Price 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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Spinaroo Commercial IPO Timeline (Tentative Schedule)
Spinaroo Commercial IPO opens on March 28, 2025, and closes on April 3, 2025.
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Thu, Apr 3, 2025 |
| Tentative Allotment | Fri, Apr 4, 2025 |
| Initiation of Refunds | Mon, Apr 7, 2025 |
| Credit of Shares to Demat | Mon, Apr 7, 2025 |
| Tentative Listing Date | Tue, Apr 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2025 |
About Spinaroo Commercial Limited
Founded on August 17, 2012, Spinaroo Commercial Limited specializes in manufacturing aluminum foil containers, aluminum home foil, paper cups, paper plates, paper bowls, and semi-processed materials for paper cup production, including paper coating, printing, and blanking.
In addition to its product line, the company provides a range of paper cup-related machinery, such as high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines, offering complete end-to-end solutions.
With a commitment to quality, Spinaroo Commercial Limited uses superior raw materials and operates under expert supervision to ensure high-performance products at competitive prices, with timely delivery tailored to client needs.
Spinaroo Commercial Limited IPO – FAQs
What does Spinaroo Commercial Limited do?
Spinaroo Commercial Limited manufactures 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. The company also provides machinery for paper cup production, such as high-speed paper cup-making machines and flexo printing machines.
When was Spinaroo Commercial Limited founded?
The company was incorporated on August 17, 2012.
What makes Spinaroo Commercial’s products unique?
Spinaroo Commercial focuses on high-quality production using superior raw materials, expert supervision, and timely delivery, ensuring performance and competitive pricing.
IPO Details
What is the size of Spinaroo Commercial’s IPO?
The IPO is valued at ₹10.17 crores, consisting entirely of a fresh issue of 19.94 lakh shares.
What is the IPO price?
The IPO is priced at ₹51 per share.
When does the Spinaroo Commercial IPO open and close?
The IPO opens for subscription on March 28, 2025, and closes on April 3, 2025.
When will the allotment be finalized?
The allotment is expected to be finalized on April 4, 2025
