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15 Days Price Change

Spinaroo Commercial IPO

Closing In

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WEBSITE Inc. Year: 2012 Industry: Packaging Listed Page

Profile
Issue Size --
Profile
Price Range 51  to  51 per share
Profile
Min Investment ₹51
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Spinaroo Commercial Limited, founded on August 17, 2012, specializes in making aluminum foil containers, aluminum home foils, paper cups, plates, bowls, and semi-processed materials for paper cups like coatings, printing, and blanking. The company also provides equipment for paper cup production, such as high-speed cup-making machines, flexo printing machines, and automatic roll die-cutting machines, offering complete support for the paper cup industry. Spinaroo produces high-quality products using top-grade raw materials, ensuring excellent performance, competitive pricing, and timely delivery to meet customer needs. The company operates in three main business areas: Manufacturing, Trading, and Job Work. In Manufacturing, Spinaroo produces aluminum foils, containers, and paper products, along with selling semi-finished materials after processing. In Trading, they offer similar products and sell modified semi-finished raw materials for paper products. The Job Work segment includes services like shaping, printing, and coating paper products with food-grade materials, customized to client specifications. The company’s competitive strengths include having dual manufacturing units within the same industrial complex, leadership with a clear growth vision, a dedicated R&D team driving innovation and efficiency, a strong commitment to quality, the ability to build lasting client relationships, and backward integration in its production process. Read More

Basic Info

Face Value 10 per share

Price 51  to  51 per share

P/E (x) 63.8

Sales( Cr.) 39

PAT( Cr.) 1

EPS 0.8

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Mr. Amit Sultania Mr. Aditya Todi Mrs. Mridula Todi

Pre Issue Share Holding 66.67%

Post Issue Share Holding 47.66%

Listing Details:

Listing Price: 52.85

Listing Gain: 3.5%

Current Price: 60

Gain On Issue: 60 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Mar 28, 2025
Closing Date Apr 03, 2025
Allotment Apr 04, 2025
Refund Apr 07, 2025
Delivery of Shares Apr 07, 2025
Listing Date Apr 08, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 102,000
Retail (Max) 1 2000 102,000
S-HNI (Min) 2 4000 204,000
S-HNI (Max) 9 18000 918,000
B-HNI (Min) 10 20000 1,020,000

Objective of the Issue

1. Working Capital Requirements. 2. General Corporate Expenses.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 997000 1834480 1.8x
Retail 997000 1196400 1.2x
EMP 0 0 0x
Total 1994000 3030880 1.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Spinaroo Commercial Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 47 53 41 39 39
Other Income 0 0 0 0 0
Total Income 48 53 41 39 39
Total Expenditure 45 51 38 36 38
Operating Profit 2 2 3 3 1
Interest 1 1 1 1 0
Depreciation 1 1 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 1 2 2 1
Provision for Tax 0 0 0 1 0
Profit After Tax 1 1 1 1 1
Adjustments 0 0 0 0 0
Profit After Adjustments 1 1 1 1 1
Adjusted Earnings Per Share 1 1.9 2.8 2.9 0.8

Spinaroo Commercial Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 4 5 6 7 17
Minority's Interest 0 0 0 0 0
Borrowings 1 2 1 1 0
Other Non-Current Liabilities -0 -0 -0 -0 -0
Total Current Liabilities 13 13 12 13 12
Total Liabilities 18 19 19 21 28
Fixed Assets 3 2 2 2 2
Other Non-Current Assets 1 1 1 1 2
Total Current Assets 15 16 17 19 25
Total Assets 18 19 19 21 28

Spinaroo Commercial Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 0 1 1 1
Cash Flow from Operating Activities 1 2 1 1 -6
Cash Flow from Investing Activities -0 -0 1 -0 -2
Cash Flow from Financing Activities -1 -1 -2 -1 8
Net Cash Inflow / Outflow -0 0 -0 -0 -0
Closing Cash & Cash Equivalent 0 1 1 1 0

Spinaroo Commercial Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.04 1.86 2.8 2.88 0.77
CEPS(Rs) 2.32 2.89 3.66 3.45 1.13
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 7.4 9.26 12.06 14.94 24.06
Core EBITDA Margin(%) 4.73 4.14 6.53 7.5 3.63
EBIT Margin(%) 3.66 3.31 6.4 6.82 3.01
Pre Tax Margin(%) 1.96 1.84 4.56 5.01 1.92
PAT Margin (%) 1.09 1.75 3.43 3.66 1.37
Cash Profit Margin (%) 2.44 2.72 4.48 4.39 2.01
ROA(%) 2.87 4.98 7.32 7.24 2.18
ROE(%) 14.03 22.35 26.28 21.31 4.41
ROCE(%) 13.69 13.63 19.63 18.62 6.13
Receivable days 29.6 29.17 37.53 35.27 40.64
Inventory Days 60.68 60.13 92.61 110.12 139.82
Payable days 34.25 35.5 50.24 45.58 43.12
PER(x) 0 0 0 0 72.99
Price/Book(x) 0 0 0 0 2.33
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.2 0.17 0.19 0.31 1.16
EV/Core EBITDA(x) 4.09 3.88 2.6 4.11 31.7
Net Sales Growth(%) 0 11.97 -23.13 -3.73 -0.12
EBIT Growth(%) 0 1.07 48.78 2.67 -55.87
PAT Growth(%) 0 79.34 50.49 2.7 -62.72
EPS Growth(%) 0 79.34 50.49 2.7 -73.35
Debt/Equity(x) 2.43 1.82 1.25 1.04 0.39
Current Ratio(x) 1.12 1.24 1.37 1.47 2.13
Quick Ratio(x) 0.51 0.51 0.46 0.48 0.62
Interest Cover(x) 2.15 2.26 3.47 3.76 2.75
Total Debt/Mcap(x) 0 0 0 0 0.17

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -10% 0% 0%
Operating Profit CAGR -67% -21% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% NA% NA% NA%
ROE Average 4% 17% 18% 18%
ROCE Average 6% 15% 14% 14%

Company Contact Information

Spinaroo Commercial Ltd.

Jalan Industrial Complex Gate-1 Right Lane-6, P. O. Jangalpur Begri Gram Panchayat

IPO Lead Manager(s)

Spinaroo Commercial Ltd.

Finshore Management Services Ltd.

Registrar Info

Spinaroo Commercial Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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