Spinaroo Commercial IPO Closed
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Schedule of Spinaroo Commercial
| Issue open date | 28 Mar 2025 |
| Issue close date | 03 Apr 2025 |
| UPI mandate deadline | 03 Apr 2025 (5 PM) |
| Allotment finalization | 04 Apr 2025 |
| Refund initiation | 07 Apr 2025 |
| Share credit | 07 Apr 2025 |
| Listing date | 08 Apr 2025 |
| Mandate end date | 18 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 04 May 2025 |
| Lock-in end date for anchor investors (remaining) | 03 Jul 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Spinaroo Commercial
Spinaroo Commercial, incorporated in 2012, is engaged in manufacturing aluminium foil containers, aluminium home foil, and a variety of paper-based products, including cups, plates, and bowls. The company also provides semi-processed materials for paper cups, such as coated, printed, and blanked paper. Additionally, it deals in a wide range of paper cup machinery like high-speed cup-making machines, flexo printing machines, and automatic roll die-cutting machines, offering end-to-end support. Operations are carried out from two manufacturing units located in the Jalan Industrial Complex, Howrah. The company emphasizes quality, competitive pricing, and timely delivery. As an ISO 9001:2015 certified entity, it maintains in-house capabilities for coating, laminating, and printing, enabling quick turnaround and cost-effective services tailored to client requirements.
Financials of Spinaroo Commercial
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹10.17 crores |
| Fresh Issue | ₹10.17 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 7.13 (70.10%) |
| Issue related expenses | 1.04 (10.23%) |
| General corporate purposes | 2 (19.67%) |
Strengths
- Dual units offer operational scale and better logistics control
- Experienced leadership drives growth with strategic industry insights
- R&D team enables innovation and production cost savings
- ISO-certified quality control ensures consistent product reliability
- Strong client relationships lead to repeat business growth
- Backward integration increases profit margins and reduces supplier dependency
Risks
- Legal cases involving company may hurt its finances and reputation.
- Improper aluminium storage can damage inventory and production quality.
- Supply disruptions from overseas can impact production and revenue.
- Heavy reliance on few suppliers may disrupt operations badly.
- Labour strikes or lockouts can harm operations and productivity.
- Uncontrolled business growth may affect performance and brand value.
- Raw material shortages or price hikes hurt business profitability.
Allotment Status for Spinaroo Commercial
To check your allotment status – click here.
Subscription Figures for Spinaroo Commercial
Subscription numbers as of 5:00 PM on 02 Apr 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 9.47 | 0.20 | 0.02x |
| Retail (upto ₹2L) | 9.47 | 5.68 | 0.6x |
| Total | 18.94 | 5.88 | 0.31x |