Spinaroo Commercial Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹51 - ₹51
- Lot size
- 2,000 shares
- Issue amount
- ₹10.17 cr
- Total subscription
- 1.52×
- Opens
- 28 Mar 2025
- Closes
- 3 Apr 2025
- Allotment
- 4 Apr 2025
- Listing
- 8 Apr 2025
Offer at a glance
Issue overview
- Issue size
- 19,94,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹10.17 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,02,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 50,00,000
- Shares after issue
- 69,94,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,04,000 |
| HNI | 3 | 6,000 | ₹3,06,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 4.83 | 0.09 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.23 | 2.8 | 1.86 |
| ROE | 9.25 | 23.23 | 20.1 |
| ROCE | 16.05 | 37.58 | 27.47 |
| RONW | 9.25 | 23.23 | 20.1 |
| PRE IPO(PE) | 0 | 18.21 | 0 |
| POST IPO(PE) | 29.01 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Spinaroo Commercial Limited, founded on August 17, 2012, operates in the food packaging manufacturing industry, specializing in aluminum foil containers, home foil, disposable paper products like cups, plates, and bowls, as well as semi-processed materials, coating services, and packaging machinery manufacturing. With a workforce of 35 employees as of October 31, 2024, the company runs dual manufacturing units within the same industrial complex, focusing on aluminum and paper product lines. Spinaroo has strengthened its operations through backward integration, featuring in-house paper coating and printing, machinery production for cup-making and die-cutting, and raw material processing, ensuring efficiency and quality in its manufacturing processes.
Strengths
- Cost-Effective Operations – Co-located manufacturing minimizes logistics expenses.
- End-to-End Control – Vertical integration ensures quality and efficiency from raw materials to production.
- Certified Quality – Food-grade certified processes guarantee safety and reliability.
- Strong Client Loyalty – Over 60% repeat business reflects customer trust and satisfaction.
Risk factors
- Raw Material Price Fluctuations – Aluminum and paper costs can impact profitability.
- High Working Capital Needs – Business operations require significant financial resources.
- Industry Dependency – Demand is influenced by trends in the food service sector.
- Strong Market Competition – Faces challenges from well-established packaging giants.
Promoters
Mr. Amit Sultania,
Mr. Aditya Todi,
Mrs. Mridula Todi
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah 711 411
+91 96747 03249
[email protected]Company website ↗Understanding SPINAROO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.