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Subscription status of Spinaroo Commercial IPO

Spinaroo Commercial IPO
(Day 1)

Price Rs.51 Lot 2000 shares, Rs. Crore

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?

The Company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc.

It also deals in wide range of Paper Cup related Machinery like High-Speed Paper Cup Making Machine, Flexo Printing Machine, Automatic Roll Die Cutting Machine etc. with full end to end support. It offers a wide range of products made from superior-quality raw materials sourced from its highly reliable vendors.

Under the guidance of experienced professionals, these products are manufactured to ensure exceptional performance and premium quality. In addition to delivering quality products, it provides these products at competitive prices and ensure timely delivery, tailored to meet its clients’ precise specifications. Its paper cup making machines are procured from reputable and trusted vendors within the industry, who ensure the highest quality standards. These certified vendors utilize state-of-the-art machines and tools to manufacture products that meet specific client requirements. They are well-versed in understanding and fulfilling the unique demands of our customers.

The company has established two manufacturing facilities, both located within the Jalan Industrial Complex. The first facility is situated at Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Kolkata, Howrah – 711411, and also serves as its registered office.

The second facility is located at Gate-1, Right Lane-3, within the same industrial complex. Having both manufacturing units in close proximity within the same complex is highly advantageous, providing us with significant cost efficiencies both logistically and commercially. This setup allows for streamlined operations and effective resource management.

Get more information about the company @ www.spino.co.in 

Spinaroo Commercial IPO Details

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

  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:

  1. To meet the Working Capital Requirements
  2. 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

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
indicators

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
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Spinaroo Commercial IPO Review by Paresh Gordhandas, CA & Research Analyst.

The Company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc.

The company has established two manufacturing facilities, both located within the Jalan Industrial Complex. The first facility is situated at Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Kolkata, Howrah – 711411, and also serves as its registered office.

The size of the IPO is not so large. During last 3 years, the total income has declined but net profit shows sharp rise. Based on the increased profits, the shares are offered at reasonable valuation.

+ from fundamental angle: May Apply

+ from grey market angle: ?

Quicklinks


 
Spinaroo Commercial
IPO

 
Spinaroo Commercial
IPO

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