Spinaroo Commercial Limited’s initial public offering (IPO) opened on March 28 and will close on April 3. The IPO aims to raise ₹10.17 crore through a fresh issue of 19.94 lakh equity shares. The company, founded in 2012, specializes in aluminum foil containers, household foil, and various paper-based products, along with paper cup-making machinery.
IPO Subscription Status (Day 1 – March 28, 2025)
As of 10:49 AM IST, the IPO was subscribed 1% overall, with:
-
Retail investors: 2% subscription
-
Non-Institutional Investors (NII): Yet to be booked
-
Qualified Institutional Buyers (QIBs): Yet to be booked
A total of 18,000 shares were bid against 18,94,001 shares on offer, as per Chittorgarh.com.
Grey Market Premium (GMP) Update
Spinaroo Commercial IPO’s GMP today stands at ₹0, meaning the stock is currently trading at its issue price of ₹51 in the grey market, with no premium or discount, according to InvestorGain.com.
Spinaroo Commercial IPO Details
-
IPO Size: ₹10.17 crore
-
Price Band: ₹51 per share
-
Lot Size: Minimum 2,000 shares
-
Issue Type: 100% fresh issue (No Offer for Sale – OFS)
-
Lead Manager: Finshore Management Services Limited
-
Registrar: Cameo Corporate Services Limited
-
Market Maker: Black Fox Financial Private Limited
Company Overview
Spinaroo Commercial Limited, founded on August 17, 2012, operates in the packaging and machinery industry, offering products like:
✔ Aluminum foil containers & household foil
✔ Paper cups, plates, and bowls
✔ Paper coating, printing & blanking materials
✔ High-speed paper cup-making & flexo printing machines
Despite a unique business model, Spinaroo has no direct publicly traded competitors in India, as per its prospectus.
With a lukewarm Day 1 subscription and no grey market premium (GMP), investor interest remains subdued so far. The next few days will be crucial in determining the IPO’s overall demand and market sentiment.
