Listed
Spinaroo Commercial Limited IPO
Spinaroo Commercial IPO is a fixed price issue of Rs 10.17 crores. The issue is entirely a fresh issue of 19.94 lakh shares. Spinaroo Commercial IPO opens for subscription on March 28, 2025 and closes on April 3, 2025. The allotment for the Spinaroo Commercial IPO is expected to be finalized on Friday, April 4, 2025. Spinaroo Commercial IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, April 8, 2025.
Min Investment
₹1,02,000
Lot Size
2000 Shares
Price Range
₹51.0
Issue Size (₹ Cr.)
₹10.17 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
0.31x
EPS
₹ 1.76
P/E Ratio
29.01 x
RoNW
23.23%
ROE
23.23%
Debt to Equity (₹ Cr.)
1.25
Timeline
IPO Opened28/03/2025Friday
IPO Closed03/04/2025Thursday
Allotted04/04/2025Friday
Refunded07/04/2025Monday
Listed08/04/2025Tuesday
Strengths
- Moderate Debt Levels – A balanced debt-to-equity ratio indicating financial stability.
- Working Capital Infusion – IPO proceeds to enhance liquidity and operational efficiency.
- Growth Potential – Expansion plans supported by increased funding.
- Experienced Management – Led by industry professionals with strong business expertise.
Weaknesses
- Moderate Debt Levels – Debt-to-equity ratio of 1.25 indicates reliance on borrowed funds.
- Competitive Market – Faces strong competition from established players in the industry.
- SME IPO Volatility – Stock may experience lower liquidity and higher price fluctuations.
- Working Capital Dependency – Requires continuous funding to sustain operations and growth.
Financials
| Period Ended | 30/09/2024 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 21.94 | 19.05 | 19.48 | 17.82 |
| Revenue(₹Cr) | 21.02 | 41.21 | 53.19 | 47.58 |
| Profit After Tax(₹Cr) | 0.61 | 1.4 | 0.93 | 0.52 |
| Net Worth(₹Cr) | 6.64 | 6.03 | 4.63 | 3.7 |
| Reserves and Surplus(₹Cr) | 1.64 | 5.03 | 3.63 | 2.7 |
| Total Borrowing(₹Cr) | 7.43 | 7.52 | 8.43 | 8.99 |
Subscription Details
IPO Bidding Live Updates from BSE SME
| Day | # of Share Offered | Number of Lots Offered | 28/03/2025 | 01/04/2025 | 02/04/2025 |
|---|---|---|---|---|---|
| NII | 9,47,000 | 474 | 0.02x | 0.02x | 0.02x |
| RII | 9,47,000 | 474 | 0.30x | 0.34x | 0.60x |
| Total | 18,94,001 | 947 | 0.16x | 0.18x | 0.31x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| NII | 9,47,000 | 20,000 | 0.10 | ||
| RII | 9,47,000 | 5,68,000 | 2.90 | ||
| Total | 18,94,001 | 5,88,000 | 3.00 |
Company Details
- Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah 711 411
+91 96747 03249
- compliance@spino.co.in
- http://www.spino.co.in/
Registrar Details
- N/A
+91-44-28460390
- ipo@cameoindia.com
- https://ipo.cameoindia.com/
