Spinaroo Commercial Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹51
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,02,000
Issue Size
₹10.17 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.05%
QIB Quota
0%
NII Quota
49.95%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Spinaroo Commercial Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
66.67%
Promoter Holding (Post-Issue)
47.66%
Issue Type
Fixed Price - SME
ISIN
INE10XX01012
About the Company
The Company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc. The Company also deals in wide range of Paper Cup related Machinery like High-Speed Paper Cup Making Machine, Flexo Printing Machine, Automatic Roll Die Cutting Machine etc. with full end to end support.
Industry Overview
The India paper cups market size reached 22.7 billion Units in 2023. The market is projected to reach 28.7 billion Units by 2032, exhibiting a growth rate (CAGR) of 2.64% during 2023-2032. The rising application in social and public gatherings, increasing demand for cost-effective and sustainable solutions, and the growing environmental concerns represent some of the key factors driving the market. The global disposable plates market is expected to expand its roots at an average CAGR of 6.2% during the forecast period. The market is anticipated to cross a value of US$ 9.35 billion by 2033.
Company History
Spinaroo Commercial Limited was originally incorporated as a Private Limited Company under the name "Spinaroo Commercial Private Limited" on August 17, 2012, in accordance with the Companies Act, 1956. The Company received a fresh certificate of incorporation, bearing the corporate identification number U74999WB2012PTC184812, from the Registrar of Companies, West Bengal. Subsequently, the company converted into a public limited company, resulting in a name change to "Spinaroo Commercial Limited." This alteration was formally recorded in a new Certificate of Incorporation dated August 22, 2024, with the Corporate Identification Number U74999WB2012PLC184812, issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc.
Growth Strategy
- Expanding its Geographical Reach in the Domestic and International Market.
- Enhancing Production Efficiency through Strategic Import Sourcing of Raw Materials.
- Enhancing its Brand Image.
- Focusing on Strategic Working Capital Management.
- Widen its Product Portfolio.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 19,94,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Spinaroo Commercial Limited (The "Company" or the "Issuer") for cash at a price of Rs. 51/- per equity share, including a share premium of Rs. 41/- per equity share (The "Issue Price"), aggregating to Rs. 10.17 crores ("The Issue"), of which 1,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 0.51 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Peservation Portion"). The issue less market maker reservation portion i.e. issue of 18,94,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 9.66 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 28.51% and 27.08% respectively of the post issue paidup equity share capital of the Company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 51/- each i.e., 5.10 times of the face value of the equity shares. The minimum lot size is 2,000 equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its customers.
- Quality Assurance & Control.
- Its Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- There is a risk in the Procurement and Storage of Aluminium Reels in larger quantity for a longer period without proper protection and suitable environment.
- Its ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.