Spinaroo Commercial IPO opened for subscription on March 28, 2025, and it closed on April 3, 2025. This is a fixed price issue, with the company aiming to raise approximately ₹10.17 crore. The offering comprises a fresh issue of ₹10.17 crore, each carrying a face value of ₹10.
The IPO price has been set to ₹51 per share. Spinaroo Commercial IPO includes a total of 19,94,001 shares, with 9,47,000 shares (47.49%) reserved for Non-Institutional Investors (NII) and another 9,47,000 shares (47.49%) allocated to retail investors.The allotment is expected to be finalised today on April 4, 2025, and the IPO is scheduled to be listed on the SME platform of BSE on April 8, 2025. Retail investors need to invest at least ₹1,02,000, while High Net-Worth Individuals (HNI) must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,04,000.
Spinaroo Commercial IPO saw a subscription of 0.31 times, with the retail category subscribed 0.6 times, QIB at [.] times, and NII at 0.02 times as of April 2, 2025, 6:54:38 PM (Day 3).
Spinaroo Commercial IPO, a fixed-price issue at ₹51 per share, opened on March 28 and closed on April 3, 2025. With a total of 19,94,001 shares, the company aims to raise ₹10.17 crore. The allotment is expected on April 4, with listing on April 8.
The table below breaks down the Spinaroo Commercial share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Anchor Investor Shares | – |
| Market Maker Shares | 1,00,000 (5.02%) |
| Other Shares | 9,47,000 (47.49%) |
| Retail Shares | 9,47,000 (47.49%) |
| Total Shares | 19,94,001 (100%) |
Data Source: BSE-SME
| Category | Subscription (times) |
| Non Institutional Investors | 0.29 |
| Retail Individual Investors(RIIs) | 0.79 |
| Total shares | 0.54 |
Note: The subscription details is as of 11.30 AM day 4 i.e. April 3, 2025
Spinaroo Commercial Limited manufactures aluminium foil containers, home foil, paper cups, plates, and bowls. It also provides semi-processed materials for paper cup production, including coating, printing, and blanking. Additionally, the company supplies high-speed paper cup machines, flexo printing machines, and automatic roll die-cutting machines with complete support.
Its two manufacturing units in Kolkata’s Jalan Industrial Complex ensure smooth production, storage, and packaging. Equipped with advanced machinery and ISO 9001:2015 certification, the company maintains high-quality standards through regular upgrades and maintenance.
Spinaroo Commercial Limited operates across 12 states and 2 Union Territories, including West Bengal, Delhi, Gujarat, and Rajasthan. It has also expanded internationally, starting with Bhutan, and plans to enter more global markets. With strong in-house capabilities in coating, laminating, and printing, the company offers cost-effective solutions. Focused on quality and growth, it continues to serve various industries with innovative and reliable packaging products.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 3, 2025, 11:51 AM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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