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Subscription status of Spinaroo Commercial IPO
Spinaroo Commercial IPO Price Rs.51 Lot 2000 shares, Rs. Crore |
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QIB | NII x | RII x | Total x | Applications |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
Identixweb Allotment Link:
What is the business of Spinaroo Commercial?
Spinaroo Commercial IPO Details |
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IPO opens on | 28 March 2025 |
IPO closes on | 3 April 2025 |
Issue Type | Book Built Issue IPO |
Issue Size | 1994000 Shares / Rs 10.17 Crore |
* Fresh Issue | 1994000 Shares / Rs 10.17 Crore |
* Offer for Sale – | – shares / Rs.- crore |
Market Maker Portion | 100000 Shares |
Net offer to Public | 1894000 Shares/ Rs 9.66 Crore |
Face Value per share | Rs. 10 |
Price Band | Rs. 51 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 2000 Shares |
Listing will at | BSE SME |
Shares offered in IPO |
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Shares | Rs. (Crore) | |
QIB (%) | 160000 | 1.26 |
HNI (%) | 704000 | 5.56 |
RII (%) | 2107200 | 16.65 |
Total Shares | 1894000 | 9.66 |
Retail portion will be oversubscribed by |
1317 | |
Forms | ||
How much Shares to Apply in this IPO? | ||
Min Retail Application | 2000 Shares | Rs.102000 |
Min HNI Application | 4000 Shares | Rs. 204000 |
Who are the Promoters of Spinaroo Commercial?
(I) MR. AMIT SULTANIA, (II) MR. ADITYA TODI, AND (III) MRS. MRIDULA TODI are the promoters of the company.
What are the Objects of Spinaroo Commercial IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
- To meet the Working Capital Requirements
- General Corporate Purposes
Tentative timetable |
|
IPO opens on | 28 March 2025 |
IPO Closes on | 3 April 2025 |
IPO Allotment on | 4 April 2025 |
Refund Initiation | 7 April 2025 |
Credit of Shares | 7 April 2025 |
Listing on | 8 April 2025 |
Registered Office of the Company Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah- 711 411, West Bengal, India |
Who is the Lead Manager of this IPO? Finshore Management Services Ltd |
Who is the Registrar to IPO? Cameo Corporate Services |
Spinaroo Commercial IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Spinaroo Commercial IPO Financial & Analytical Ratios |
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Year | Total Income |
Net Profit |
EPS | RoNW |
Rs.in Crore | Rs.in Crore | Rs. | % | |
2022-23 | 47.58 | 0.52 | 1.04 | 14.03 |
2023-24 | 53.19 | 0.93 | 1.86 | 20.10 |
2024-25 6M | 41.21 | 1.40 | 2.80 | 23.13 |
Book Value of the Share on 31.03.2024 |
12.06 | |||
BV of the Share at cap price after IPO |
Rs. | 24.04 | ||
Offer Price/upper band | Rs. | 51 |
Key Performance
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Price/EPS of 23-24 | 18.21 |
Price/BV Ratio | 4.23 |
Debt/Equity Ratio | 1.25 |
How Spinaroo Commercial IPO compares with the Peers?
The company believes there is no other listed company which is specifically comparable to it w.r.t its business model, size and financials.
As per RHP | FV | Price to | PE |
Book Value | Ratio | ||
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Spinaroo Commercial IPO Review by Paresh Gordhandas, CA & Research Analyst.
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