Spinaroo Commercial IPO GMP & Review: Apply or Avoid?

Spinaroo Commercial IPO is open for bidding on 28th March 2025. It is a fixed price issue of 19,94,000 shares worth ₹10.17 crore and is entirely a fresh issue. The issue will be listed on BSE and SME on its tentative listing date, 8th April 2025. 

Spinaroo Commercial IPO Details

Spinaroo Commercial IPO date is fixed between 28th March 2025 and 3rd April 2025. The face value of Spinaroo Commercial Limited shares stands at ₹10 per share, and the IPO price is fixed at ₹51 per share.

Finshore Management Services Limited is the registrar of Spinaroo Commercial IPO and is responsible for managing the allotment process and initiating refunds. The latest IPO details are in the table below. 

Also Read: Spinaroo Commercial IPO GMP: Experts’ Views in 2025

Spinaroo Commercial IPO Share Reservation

Spinaroo Commercial IPO is a fixed price issue of 19,94,000 shares worth ₹10.17 crore. Spinaroo Commercial Limited shares will be listed on BSE and SME. Furthermore, the SEBI has specified the share reservation criteria for different investors’ categories. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Spinaroo Commercial IPO GMP Grey Market Premium

GMP is the gap between the fixed price of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Spinaroo Commercial IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of now, on 27th March 2025, Spinaroo Commercial IPO GMP stands at ₹0 per share, which means the share will likely be listed at ₹51 (51+0) on its tentative listing date, 8th April 2025. 

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Spinaroo Commercial IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Spinaroo Commercial IPO Review

Check out the detailed Spinaroo Commercial IPO review for a thorough understanding of its potential to report listing gains on 8th April 2025. The Spinaroo Commercial IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for Spinaroo Commercial IPO.

During FY23- 24, the revenue of Spinaroo Commercial Limited stood at ₹53.19 crore, which decreased by 21.52% to ₹41.21 crore in FY24 -25. On the other hand, the PAT of the company was raised by 50.53% from ₹0.93 crore to ₹1.40 crore.

Spinaroo Commercial Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for Spinaroo Commercial IPO for its tentative listing day, which is 8th April 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of Spinaroo Commercial IPO.

The PE ratio of Spinaroo Commercial Limited shares is 18.21, and its Earnings Per Share (EPS) stands at 2.80. The Spinaroo Commercial IPO is pricy and would hardly deliver gains on its tentative listing date, 8th April 2025. 

Spinaroo Commercial IPO Subscription Status

Spinaroo Commercial IPO is now open for bidding on 28th March 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Spinaroo Commercial IPO Subscription Status. 

About Spinaroo Commercial Limited

Spinaroo Commercial Limited was incorporated on 17th August 2012 and manufactures aluminum foil containers, paper cups, paper plates, paper bowls, etc. It also offers high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines. Here are Spinaroo Commercial Limited’s major competitive strengths. 

• Backward Integration.
• Innovation and Efficiency Through a Dedicated R&D Team. 
• Commitment to Quality Assurance and Standards. 
• Long-Term Client Relationships. 

Spinaroo Commercial Limited Financials

The company’s financial analysis is essential before applying for the Spinaroo Commercial IPO. The table provides information about Spinaroo Commercial Limited’s financials. 

Explanation

During FY23- 24, the revenue of Spinaroo Commercial Limited stood at ₹53.19 crore, which decreased by 21.52% to ₹41.21 crore in FY24 -25. On the other hand, the PAT of the company was raised by 50.53% from ₹0.93 crore to ₹1.40 crore.

Spinaroo Commercial IPO Bidding Requirements

Spinaroo Commercial IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Spinaroo Commercial IPO Promoter Holdings

Have a look at the table below to check the holdings of Spinaroo Commercial Limited’s promoters: Mr. Amit Sultania, Mr. Aditya Todi, and Mrs. Mridula Todi.  

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Spinaroo Commercial IPO

The primary aim of the Spinaroo Commercial IPO is to raise Rs 10.17 crores. On the other hand, Spinaroo Commercial Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Spinaroo Commercial IPO.

• General corporate purposes.
• Repayment of certain borrowings.
• Working capital requirements.

Should I Invest in Spinaroo Commercial IPO?

Explore the pros and cons of Spinaroo Commercial IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Spinaroo Commercial IPO

• Strategic benefit of dual manufacturing units. 
• Vision for growth.
• Quality commitment.

Cons of Spinaroo Commercial IPO

• High lot size.
• Low market cap.

How to Apply for Spinaroo Commercial IPO?

Check the steps mentioned below to apply for Spinaroo Commercial IPO. 

• Step 1: Conduct thorough research on Spinaroo Commercial IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 2,000 shares worth ₹1,02,000 of Spinaroo Commercial IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for Spinaroo Commercial IPO from more than one demat account to increase your allotment chances. 

How to Check Spinaroo Commercial IPO Allotment Status?

You can check for Spinaroo Commercial IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Spinaroo Commercial IPO.  
• Choose whether to proceed with the PAN number or application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Spinaroo Commercial IPO allotment status.

Let’s Wrap

Spinaroo Commercial IPO is the fixed price issue IPO of 19,94,000 shares worth ₹10.17 crores. The shares of Spinaroo Commercial Limited will be listed on BSE and SME on its tentative listing date of 8th April 2025. Researching Spinaroo Commercial IPO GMP and its reviews is highly recommended to book your ideal profitability. Brokers and investors suggested avoiding this fixed price issue IPO and highlighted its pros and cons. This IPO’s benefits include the strategic benefit of dual manufacturing units, vision for growth and quality commitment. Moreover, this IPO may have some consequences, like low market capitalisation and high lot size.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Spinaroo Commercial IPO

How is Spinaroo Commercial IPO?

Ans. Currently, on 27th March 2025, Spinaroo Commercial IPO GMP (Grey Market Premium) stands at ₹0 (0.00 % up). This indicates that the estimated listing price could be ₹51 per share. It is an entirely fresh issue of 19,94,000 shares worth Rs 10.17 crore. The IPO price is fixed at ₹51 per share, and the face value of each share is Rs 10. 

What is Spinaroo Commercial IPO price?

Ans. Spinaroo Commercial IPO price has been set at ₹51 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 2,000 shares worth ₹1,02,000. Moreover, HNIs are required to bid for a minimum of 2 lots (4,000 shares) worth ₹2,04,000. 

Is Spinaroo Commercial IPO good?

Ans. During FY23- 24, the revenue of Spinaroo Commercial Limited stood at ₹53.19 crore, which decreased by 21.52% to ₹41.21 crore in FY24 -25. On the other hand, the PAT of the company was raised by 50.53% from ₹0.93 crore to ₹1.40 crore. Spinaroo Commercial IPO has gained a negative rating from industry experts, brokers and institutional investors. They claim there is no harm in skipping this IPO. 

Who is the registrar of the Spinaroo Commercial IPO?

Ans. Finshore Management Services Limited is the registrar of Spinaroo Commercial IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any query regarding Spinaroo Commercial IPO allotment and refund, you can contact Finshore Management Services Limited at ramakrishna@finshoregroup.com or +91-33-22895101.  

What is the issue size of the Spinaroo Commercial IPO? 

Ans. Spinaroo Commercial IPO is a fixed-price issue for 19,94,000 shares worth ₹10.17 crore. Moreover, the IPO is set to open on 28th March 2025 and close on 3rd April 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about the Spinaroo Commercial IPO, download the Spinaroo Commercial IPO RHP and Spinaroo Commercial IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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