Spinaroo Commercial IPO subscribed 1.52 times on the last day, a retail quota was subscribed over 1.2 times, NII subscribed over 1.84 times, and QIB was 0 times respectively.
Details About Spinaroo Commercial IPO
Spinaroo Commercial got approval from SEBI for an IPO of around ₹10.17 crores. Spinaroo Commercial IPO is fully a fresh issue of ₹10.17 crores with a face value of Rs 10 each. Further, Spinaroo Commercial had a set price band between ₹51 Per Share.
In the Spinaroo Commercial IPO, 2000 shares were in 1 lot size for retail minimum and maximum categories as well. Moreover, 4000 shares were in 2 lot sizes for the S-HNI category.
To invest in Spinaroo Commercial IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,02,000.
- SHNI (S-HNI): Minimum investment of ₹2,04,000.
Spinaroo Commercial IPO’s Subscription Duration
Spinaroo Commercial IPO was started on March 28, 2025, and closed on April 3, 2025. The Spinaroo Commercial IPO’s allotment date was April 4, 2025, and they received a refund on April 7, 2025. In contrast, Spinaroo Commercial’s listing date is scheduled for April 8, 2025.
Spinaroo Commercial IPO funds deployment
- The funds will be utilized to meet the company’s working Capital Requirements
- While the remaining funds will be used for the company’s General corporate purposes.
About Spinaroo Commercial Company
Incorporated on August 17, 2012, Spinaroo Commercial is one of the leading companies engaged in the manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Materials for Paper Cups viz. paper coating, printing, blanking, etc. The company’s portfolio is involved in offering a wide range of Cup-related Machinery products, including High-Speed Paper cup-making machines, Flexo Printing machines, Automatic roll-cutting machines, etc. The company acquires its raw materials from trusted vendors and uses that raw materials for its manufacturing process. Jalan Industrial Complex in Kolkata, Howrah, is where their two manufacturing companies are located. The company consists of a total of 35 employees as of 31 October 2024. As of now, Spinaroo commercial serves its clients across 12 states and 2 Union Territories in India which includes West Bengal, Tripura, Chhattisgarh, Bihar, Jharkhand, Assam, and Odisha.
Financial Report of the Spinaroo Commercial Company
The company reported revenue of ₹41.21 crore in 2024 against ₹53.19 crore in 2023. The company reported a profit of ₹1.40 crores in 2024 against a profit of ₹0.93 crores in 2023.
