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Spinaroo Commercial IPO is a fixed price issue of ₹10.17 crores, consisting entirely of a fresh issue of 19.94 lakh shares.
The IPO subscription opens on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalized on April 4, 2025, with a tentative listing date on BSE SME set for April 8, 2025.
The IPO price is ₹51 per share, with a minimum lot size of 2,000 shares. Retail investors must invest at least ₹1,02,000, while HNI investors need a minimum of 2 lots (4,000 shares) totalling ₹2,04,000.
| IPO Date | March 28, 2025 to April 3, 2025 |
| Listing Date | Apr 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Fresh Issue | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 69,94,000 shares |
| Market Maker Portion | March 28, 2025, to April 3, 2025 |
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Thu, Apr 3, 2025 |
| Tentative Allotment | Fri, Apr 4, 2025 |
| Initiation of Refunds | Mon, Apr 7, 2025 |
| Credit of Shares to Demat | Mon, Apr 7, 2025 |
| Tentative Listing Date | Tue, Apr 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 21.94 | 19.05 | 19.48 | 17.82 |
| Revenue | 21.02 | 41.21 | 53.19 | 47.58 |
| Profit After Tax | 0.61 | 1.4 | 0.93 | 0.52 |
| Net Worth | 6.64 | 6.03 | 4.63 | 3.7 |
| Reserves and Surplus | 1.64 | 5.03 | 3.63 | 2.7 |
| Total Borrowing | 7.43 | 7.52 | 8.43 | 8.99 |
Maximizing Opportunities with Spinaroo Commercial Limited IPO
The Spinaroo Commercial Limited IPO presents an opportunity for investors to participate in a fresh issue of 19.94 lakh shares, raising ₹10.17 crores at a fixed price of ₹51 per share. With the IPO opening on March 28, 2025, and closing on April 3, 2025, the company aims to utilize the funds for business expansion, working capital, and other corporate needs. The BSE SME listing on April 8, 2025, is expected to provide greater visibility and liquidity to the stock.
For retail investors, the minimum lot size is 2,000 shares, requiring an investment of ₹1,02,000, while HNIs must apply for at least 2 lots (4,000 shares) at ₹2,04,000. The IPO’s performance will depend on market sentiment, industry growth, and investor confidence. Those considering an investment should assess the company's financials, growth potential, and market conditions before making a decision.
