The Spinaroo Commercial IPO subscription started on Friday, March 28, 2025, and will close on April 3, 2025, as per the schedule. The price band is set at ₹51 per share with a face value of ₹10.
Spinaroo Commercial IPO Subscription Status
Spinaroo Commercial IPO subscribed over 0.16x on its First day till 5.00 PM on 28th March 2025.
- Spinaroo Commercial IPO subscription QIB investors portion is 0x, while NII subscribed 0.02x, and RII investors subscribed 0.3x.
- The company has received bids for 3,00,000 shares against 18,94,001 shares on offer on the First subscription.
- Spinaroo Commercial IPO subscribed over 0.16x on its First day.
About Spinaroo Commercial Company
One of the growing companies, Spinaroo Commercial founded on August 17, 2012, is involved in the business of manufacturing 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 also engaged in providing a diverse range of Cup-related Machinery such as High-Speed Paper cup-making machines, Flexo Printing machines, Automatic roll-cutting machines, etc. They source their raw materials from highly reliable vendors and manufacture their products using high-quality raw materials.
The company comprises two manufacturing facilities situated within the Jalan Industrial Complex in Kolkata, Howrah. 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. The company consists of a total of 35 employees as of 31 October 2024.
Spinaroo Commercial Financial Report
The company reported revenue of ₹41.21 crores in 2024 against ₹53.19 crore in 2023. The company reported profit of ₹1.40 crores in 2024 against profit of ₹0.93 crores in 2023.
Spinaroo Commercial IPO GMP:
Spinaroo Commercial IPO GMP was ₹0 as of Friday, 28th March 2025. That indicates the IPO is trading at ₹51 with ₹0 premium in the grey market against the issue price of ₹51.
