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Spinaroo Commercial IPO
Price Band
₹
Issue Size
₹10.17 Cr
Lot Size
2,000 shares
Min Investment
₹102,000
GMP
—
Issue Price
₹51.0
Spinaroo Commercial IPO AI Summary
- Spinaroo Commercial IPO is listed on BSE SME.
- Subscription window: 28 Mar–03 Apr 2025, listing on 08 Apr 2025.
Spinaroo Commercial Limited is an SME engaged in manufacturing aluminum and paper products, with a focus on quality and customer satisfaction. The company is raising funds through its IPO to support working capital and other corporate expenses. Investors should consider the company's financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Spinaroo Commercial IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Apr 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Spinaroo Commercial IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in August 17, 2012, 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. 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. 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 Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 21.94 | 19.05 | 19.48 | 17.82 |
| Total Income | 21.02 | 41.21 | 53.19 | 47.58 |
| Profit After Tax | 0.61 | 1.40 | 0.93 | 0.52 |
| NET Worth | 6.64 | 6.03 | 4.63 | 3.70 |
| Reserves and Surplus | 1.64 | 5.03 | 3.63 | 2.70 |
| Total Borrowing | 7.43 | 7.52 | 8.43 | 8.99 |
Key Ratios
EPS
₹2.80
NAV
₹12.06
ROE
23.23%
ROCE
37.58%
RoNW
23.23%
P/B Value
0.85
P/E Ratio
18.21
Market Cap
₹35.67 Cr
PAT Margin
3.40%
Debt/Equity
1.25
Promoters
Amit Sultania, Aditya Todi and idula Todi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 7.13 2 General Corporate Expenses 2.00 3 Issue Expenses 1.04 Total 10.17
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹53.19 Cr in the year ending 31 Mar 2023, decreasing to ₹41.21 Cr by 31 Mar 2024, and further declining to ₹21.02 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.52 Cr in the year ending 31 Mar 2022, rising to ₹0.93 Cr by 31 Mar 2023, then increasing to ₹1.40 Cr for the year ending 31 Mar 2024, before dropping to ₹0.61 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the demand for an IPO, reflected in the Grey Market Premium (GMP), which is the price at which shares are expected to trade in the grey market versus the issue price. A higher GMP suggests strong demand, while a lower or negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals, market conditions, and personal financial goals.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, established companies may want to avoid IPOs like this, especially if they are concerned about potential volatility or uncertain financial performance.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date is when investors can start applying for shares, the closing date is when the application period ends, the allotment date is when shares are allocated to successful applicants, and the listing date is when the shares begin trading on the stock exchange.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO. Investors should be aware of the risks involved in relying on listing gains as part of their investment strategy.
This evaluation is generated from Spinaroo Commercial's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Spinaroo Commercial IPO open and close?
Spinaroo Commercial IPO opens on 28 March 2025 and closes on 03 April 2025.
When does Spinaroo Commercial IPO list on the stock exchange?
Spinaroo Commercial IPO listed on 08 April 2025 at ₹51.0.
What is the lot size for Spinaroo Commercial IPO?
The lot size for Spinaroo Commercial IPO is 2000 shares, requiring a minimum investment of ₹102,000.
What is the lot size for this IPO?
The lot size for Spinaroo Commercial's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹102,000.
What is the issue price of the shares?
The issue price of the shares is ₹51.0.
When does the IPO open and close?
The IPO opens on March 28, 2025, and closes on April 3, 2025.
When will the shares be listed?
The shares are expected to be listed on April 8, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Mar 2025
Close
03 Apr 2025
Allotment
04 Apr 2025
Listing
08 Apr 2025
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