Spinaroo Commercial Ltd

Spinaroo Commercial Ltd IPO

IPO Price Range: ₹51 - 51

Our 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. Wealso deal 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.

Min Investment

₹1,02,000

IPO Size

₹10 Cr

IPO Status

Live

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Spinaroo Commercial Ltd

passed
Open Date28 Mar 2025
upcoming
Close Date3 Apr 2025
Allotment Date4 Apr 2025
Listing Date8 Apr 2025

IPO subscribed over

🚀 0.3691x

This IPO has been subscribed by 0.5992x in retail and 0x in QIB.

Subscription Rate

Total Subscription0.3691x
Retail Individual Investors0.5992x
Qualified Institutional Buyers0x
Non Institutional Investors0.1776x

Key Statistics

Bid Opening DateBid Opening Date28 Mar 2025
Bid Closing DateBid Closing Date3 Apr 2025
Allotment DateAllotment Date4 Apr 2025
Issue SizeIssue Size₹10.17Cr
Quantity in 1 lotQuantity in 1 lot2000

Strengths and Risks of Spinaroo Commercial Ltd IPO

Strengths

Strengths

  • Established and proven track record.

  • Leveraging the experience of its Promoters.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its customers.

  • Quality Assurance & Control.


Risks

Risks

  • Its Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • There is a risk in the Procurement and Storage of Aluminium Reels in larger quantity for a longer period without proper protection and suitable environment.

  • Its ability to anticipate changes in consumer preference, and industry trends and to meet customers demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.

  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

  • The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.

  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

  • The company also deal in trading of machineries related to its industry which is very infrequent and opportunity based resulting into volatility of Revenue from trading segments.

  • The Company maintains high level of inventory for uninterrupted production activities.

  • Its business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company revenue and results of operations.

  • There are certain instances of delays in the past with ROC/Statutory Authorities.

Promoters Holding

Investors Holdings %
Amit Sultania25.08%
Aditya Todi16.36%
Mridula Todi16.5%

Frequently Asked Questions of Spinaroo Commercial Ltd IPO

  • What is the size of the Spinaroo Commercial Ltd IPO?

    The size of the Spinaroo Commercial Ltd IPO is ₹10.17Cr .

  • What is 'pre-apply' for Spinaroo Commercial Ltd IPO?

    'Pre-apply' for Spinaroo Commercial Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Spinaroo Commercial Ltd IPO order be placed?

    Your Spinaroo Commercial Ltd IPO order will be placed on 28 Mar 2025.

  • What are the open and close dates of the Spinaroo Commercial Ltd IPO?

    The open and close dates of the Spinaroo Commercial Ltd IPO are 28 Mar 2025 to 3 Apr 2025.

  • What is the lot size and minimum order quantity of the Spinaroo Commercial Ltd IPO?

    The lot size and minimum order quantity of the Spinaroo Commercial Ltd IPO are 2000 and 2000 respectively.

  • What would be the listing gains on the Spinaroo Commercial Ltd IPO?

    The potential listing gains on the Spinaroo Commercial Ltd IPO will depend on various market factors and cannot be predicted with certainty.