Spinaroo Commercial Ltd IPO
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Spinaroo Commercial Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 19.94 L | TBA | ₹ 9.48 L | ₹ 33.33 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 28 Mar, 25 | 03 Apr, 25 | 2000 | TBA | Fixed Price - SME | 08 Apr, 25 |
Spinaroo Commercial Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Paper |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 1.94x | 946000 | 1838000 |
| Retail | 1.2x | 948000 | 1140000 |
| Employee | 0x | 0 | 0 |
| Total | 1.49x | 1994000 | 2978000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Spinaroo Commercial Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2.29 | 1.49 | 1.57 |
| EBITDA | 2.72 | 2.00 | 2.21 |
| PAT | 1.40 | 0.93 | 0.52 |
| Total Assets | 16.76 | 16.37 | 14.33 |
| Share Capital | 1.00 | 1.00 | 1.00 |
| Total Borrowings | 7.88 | 7.92 | 9.52 |
| Operating Activities (Net Cash) | 1.83 | 1.44 | 1.16 |
| Investing Activities (Net Cash) | 0.09 | 0.24 | 0.24 |
| Financing Activities (Net Cash) | 7.88 | 7.92 | 9.52 |
| Net Cashflow | 0.60 | 0.64 | 0.27 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Spinaroo Commercial Ltd
Spinaroo Commercial Limited was originally incorporated as a Private Limited Company under the name Spinaroo Commercial Private Limited on August 17, 2012, in accordance with the Companies Act, 1956. The Company received a fresh certificate of incorporation, bearing the corporate identification number U74999WB2012PTC184812, from the Registrar of Companies, West Bengal. Subsequently, the company converted into a public limited company, resulting in a name change to Spinaroo Commercial Limited. This alteration was formally recorded in a new Certificate of Incorporation dated August 22, 2024, with the Corporate Identification Number U74999WB2012PLC184812, issued by the Registrar of Companies, Central Processing Centre.
The India paper cups market size reached 22.7 billion Units in 2023. The market is projected to reach 28.7 billion Units by 2032, exhibiting a growth rate (CAGR) of 2.64% during 2023-2032. The rising application in social and public gatherings, increasing demand for cost-effective and sustainable solutions, and the growing environmental concerns represent some of the key factors driving the market. The global disposable plates market is expected to expand its roots at an average CAGR of 6.2% during the forecast period. The market is anticipated to cross a value of US$ 9.35 billion by 2033.
The Company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc. The Company also deals in wide range of Paper Cup related Machinery like High-Speed Paper Cup Making Machine, Flexo Printing Machine, Automatic Roll Die Cutting Machine etc. with full end to end support.
Peer Comparison:
- No Listed Industry Peers
Spinaroo Commercial Ltd IPO Key Points
Strengths
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its customers.
- Quality Assurance & Control.
Risk
- Its Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- There is a risk in the Procurement and Storage of Aluminium Reels in larger quantity for a longer period without proper protection and suitable environment.
- Its ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.
Strategy
- Expanding its Geographical Reach in the Domestic and International Market.
- Enhancing Production Efficiency through Strategic Import Sourcing of Raw Materials.
- Enhancing its Brand Image.
- Focusing on Strategic Working Capital Management.
- Widen its Product Portfolio.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its customers.
- Quality Assurance & Control.
How To Apply for Spinaroo Commercial Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
