
Materials / Packaging · BSE
Spinaroo Commercial Limited, founded on August 17, 2012, operates in the food packaging manufacturing industry, specializing in aluminum foil containers, home foil, disposable paper products like cups, plates, and bowls, as well as semi-processed materials, coating services, and packaging machinery manufacturing. With a workforce of 35 employees as of October 31, 2024, the company runs dual manufacturing units within the same industrial complex, focusing on aluminum and paper product lines. Spinaroo has strengthened its operations through backward integration, featuring in-house paper coating and printing, machinery production for cup-making and die-cutting, and raw material processing, ensuring efficiency and quality in its manufacturing processes.
Price Band
₹51
Issue Size
₹10.17 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹51
at current GMP
Subscribed
1.52x
overall
Open
28 Mar 2025
Close
3 Apr 2025
Allotment
4 Apr 2025
Refund
5 Apr 2025
Demat Credit
6 Apr 2025
Listing
8 Apr 2025
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
4 Apr 2025
Basis finalization
Refunds Initiate
5 Apr 2025
Mandate release
Demat Credit
6 Apr 2025
Shares in demat
Listing Debut
8 Apr 2025
Trading begins
Spinaroo Commercial Limited is bringing an initial public offering (IPO) in the Materials / Packaging sector with an aggregate issue size of ₹10.17 Crores. The shares are offered at a price band of ₹51 to ₹51 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,02,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-04-06, while un-allotted funds or UPI block mandates will be released on 2025-04-05.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.