Spinaroo Commercial Limited IPO
Spinaroo Commercial Limited IPO
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Having completed its public offering, Spinaroo Commercial Limited's is now listed and trading on the BSE exchange as of 08-04-2025. The IPO raised cumulative capital of 19,94,000 Shares, including 19,94,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹51 to ₹51 and minimum investment requirement of 2000 shares. subscription activity between 28-03-2025 and 03-04-2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 04-04-2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Spinaroo Commercial IPO About Company
Spinaroo Commercial Limited, founded on August 17, 2012, operates in the food packaging manufacturing industry, specializing in aluminum foil containers, home foil, disposable paper products like cups, plates, and bowls, as well as semi-processed materials, coating services, and packaging machinery manufacturing. With a workforce of 35 employees as of October 31, 2024, the company runs dual manufacturing units within the same industrial complex, focusing on aluminum and paper product lines. Spinaroo has strengthened its operations through backward integration, featuring in-house paper coating and printing, machinery production for cup-making and die-cutting, and raw material processing, ensuring efficiency and quality in its manufacturing processes.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Spinaroo Commercial IPO Strength Factors
- Cost-Effective Operations – Co-located manufacturing minimizes logistics expenses.
- End-to-End Control – Vertical integration ensures quality and efficiency from raw materials to production.
- Certified Quality – Food-grade certified processes guarantee safety and reliability.
- Strong Client Loyalty – Over 60% repeat business reflects customer trust and satisfaction.
Spinaroo Commercial IPO Risk Factors
- Raw Material Price Fluctuations – Aluminum and paper costs can impact profitability.
- High Working Capital Needs – Business operations require significant financial resources.
- Industry Dependency – Demand is influenced by trends in the food service sector.
- Strong Market Competition – Faces challenges from well-established packaging giants.
Spinaroo Commercial IPO Lead Manager(s)
- Finshore Management Services Limited
Spinaroo Commercial IPO Promoter(s)
- Mr. Amit Sultania,
- Mr. Aditya Todi,
- Mrs. Mridula Todi
Spinaroo Commercial IPO FAQs
Spinaroo Commercial Limited IPO subscribed 1.52 times. The public issue subscribed 1.2 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 11:28:00 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Spinaroo Commercial IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Spinaroo Commercial IPO FAQs
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