What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Spinaroo Commercial Limited IPO?

Based on the upper price band of ₹51 and current GMP of ₹0, the estimated listing price is ₹51 (approx. 0.0% gain).

What is the expected profit per lot for Spinaroo Commercial Limited IPO?

With a lot size of 2000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

Spinaroo Commercial Limited

ListedSME

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

3 Apr 2025

Allotment

4 Apr 2025

Refund

5 Apr 2025

Demat Credit

6 Apr 2025

Listing

8 Apr 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Spinaroo Commercial Limited GMP Today

Last updated: 25 Nov 2025

Current Premium

₹00.0%

Issue Price (Upper)

₹51

Band: ₹51

Estimated Listing Price

₹51

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,02,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹51
30 Oct 2026	—	0.0%	₹51
29 Oct 2026	—	0.0%	₹51

About Spinaroo Commercial Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Spinaroo Commercial Limited IPO GMP today?

The latest grey market premium for Spinaroo Commercial Limited IPO is ₹0, which indicates an expected listing price of ₹51.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.