Spinaroo Commercial IPO Details
Spinaroo Commercial IPO Important Dates
The Spinaroo Commercial IPO is scheduled to open for subscription on March 28, 2025, and will close on April 3, 2025. The tentative allotment of shares is set for April 4, 2025, followed by the initiation of refunds and the credit of shares to Demat accounts on April 7, 2025. The IPO is expected to be listed on the BSE SME exchange on April 8, 2025. Investors opting for UPI payment must confirm their mandate by 5 PM on April 3, 2025.
Spinaroo Commercial IPO Reservation
The IPO reservation for Spinaroo Commercial is divided into two equal categories. Retail investors are allocated 50% of the net issue, ensuring fair participation for individual investors. The remaining 50% of the net issue is reserved for other investors, which could include institutional or non-retail participants. This balanced allocation aims to provide equitable opportunities across different investor segments.
Spinaroo Commercial IPO Lot Size
The Spinaroo Commercial IPO has a minimum lot size of 2,000 shares, requiring a retail investor to invest at least ₹1,02,000. Retail investors can only apply for one lot, meaning their maximum investment remains ₹1,02,000. High Net-Worth Individuals (HNI) must apply for a minimum of two lots, equating to 4,000 shares and an investment of ₹2,04,000. Investors must bid in multiples of the lot size to participate in the IPO.
About Spinaroo Commercial Limited
Spinaroo Commercial Limited, incorporated on August 17, 2012, is a manufacturer specializing in aluminum foil containers, home foil, and a variety of paper products such as cups, plates, and bowls. The company also provides semi-processed materials for paper cup production, along with high-speed machinery for manufacturing and printing. Operating across manufacturing, trading, and job work segments, it ensures high-quality, food-grade materials tailored to client needs. With 35 employees as of October 31, 2024, Spinaroo Commercial Limited focuses on innovation, competitive pricing, and timely delivery to maintain its strong market presence.
Spinaroo Commercial Limited Financial
Spinaroo Commercial Limited has demonstrated consistent growth in its financial metrics over the past few periods. As of September 30, 2024, the company’s total assets stood at ₹21.94 crore, reflecting an increase from ₹19.05 crore in March 2024 and ₹17.82 crore in March 2022. Revenue for the half-year ended September 2024 was ₹21.02 crore, though lower than the full-year figures of ₹41.21 crore in March 2024 and ₹53.19 crore in March 2023. Profit after tax for the latest period was ₹0.61 crore, showing an improvement from ₹0.52 crore in March 2022 but a decline from ₹1.40 crore in March 2024.
The company’s net worth has been on an upward trend, reaching ₹6.64 crore as of September 2024, up from ₹6.03 crore in March 2024 and ₹3.7 crore in March 2022. Reserves and surplus, however, saw a drop to ₹1.64 crore from ₹5.03 crore in March 2024, after peaking at ₹3.63 crore in March 2023. Total borrowings have remained relatively stable at ₹7.43 crore as of September 2024, decreasing from ₹8.99 crore in March 2022. These figures indicate steady financial expansion, though profitability and revenue generation need close monitoring in the coming periods.
Spinnaroo Commercial IPO Objectives
Spinaroo Commercial Limited plans to utilize the net proceeds from its IPO for two primary objectives: working capital requirements and general corporate expenses. The company has allocated ₹7.13 crore towards working capital to support its day-to-day operations, manage short-term liabilities, and drive business growth. Additionally, ₹2 crore has been set aside for general corporate expenses, which may include administrative costs, business expansion, and other operational needs. By deploying the IPO funds strategically, Spinaroo Commercial aims to strengthen its financial position, enhance liquidity, and achieve sustainable long-term growth.
Spinaroo Commercial IPO Registrar
The IPO registrar for Spinaroo Commercial Limited is Cameo Corporate Services Limited.
Registrar Contact Details:
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Website: https://ipo.cameoindia.com/
Spinaroo Commercial IPO Important Documents
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