Spinaroo Commercial Limited

Company Profile
Company Name Spinaroo Commercial Limited
Open Date 28-03-2025
Close Date 03-04-2025
Exchange BSE SME
Lot Size 2,000 Shares
Issue Price ₹51 per share
Issue Size 19,94,000 shares
Application Amount ₹1,02,000
Recommendation Avoid
Incorporation: Incorporated in August 17, 2012, the company’s registered office is located in Howrah, West Bengal. Business Activity: Spinaroo Commercial Limited is engaged in the manufacturing of aluminum foil containers, aluminum home foil, paper cups, paper plates, paper bowls, and semi-processed materials for paper cups, including paper coating, printing, and blanking. Revenue Stream: In FY 2024, manufacturing contributed ₹4,034.25 lakh (98.79% of total revenue), led by Uncoated Paper at ₹2,259.72 lakh (55.34%). West Bengal was the top market, contributing ₹2,536.97 lakh (62.12%). Human Resource: The company has 35 permanent employees as on October 31, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Sep-24
Revenue 4,744.43 5,312.50 4,083.68 2,101.50
EBITDA 216.84 219.22 264.49 132.78
Net Profit 51.87 93.05 140.04 61.49
RoCE 29.53% 26.40% 32.13% 13.07%*
ROE 14.03% 20.10% 23.23% 7.06%*
P/E 49.04 27.42 18.21 29.00*

Tentative Timeline

Opening Date 28-03-2025
Closing Date 03-04-2025
Basis of Allotment 04-04-2025
Initiation of Refunds 07-04-2025
Credit of Shares to Demat 07-04-2025
Listing Date 08-04-2025

Objects of the Issue

Funding of Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office Spinaroo Commercial Limited Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah 711 411
Phone 91 96747 03249
Email compliance@spino.co.in
Website http://www.spino.co.in/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email ipo@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

Market Maker Shares Offered 1,00,000 (5.02%)
Retail Shares Offered 9,47,000 (47.49%)
Other Shares Offered 9,47,000 (47.49%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 57.94%
Shareholding Post Issue (Promoters) 41.42%

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