Spinaroo Commercial Limited IPO

Incorporated in August 17, 2012, 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. They also offer a range of paper cup-related machinery, such as high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines, providing comprehensive end-to-end support.

The company offers a wide range of high-quality products made from superior raw materials. These are manufactured under expert guidance, ensuring exceptional performance, competitive pricing, and timely delivery to meet client specifications.

Business Segment:

  • Manufacturing: The company manufactures aluminum home foils, containers, and paper products like cups, plates, and bowls using high-quality, food-grade materials. It also sells semi-finished raw materials after processing and modification.
  • Trading: The company manufactures aluminum foils, containers, and paper products using high-quality, food-grade materials. It also sells semi-finished raw materials for paper cups, plates, and bowls after processing and modification.
  • Job Work: The company provides specialized job work services, including processing, shaping, and printing on paper products. It also offers coating services using food-grade materials, tailored to customer specifications and needs.

As on October 31, 2024, the company has 35 employees.

Competitive Strengths:

  • Strategic Advantage of Dual Manufacturing Units within the Same Industrial Complex
  • Expertise-Driven Leadership with a Vision for Growth
  • Innovation and Efficiency through a Dedicated R&D Team
  • Commitment to Quality Assurance and Standards.
  • Establishing long-term client relationships and driving repeat business
  • Backward Integration

Spinaroo Commercial Limited Financial Information (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets21.9419.0519.4817.82
Revenue21.0241.2153.1947.58
Profit After Tax0.611.40.930.52
Net Worth6.646.034.633.7
Reserves and Surplus1.645.033.632.7
Total Borrowing7.437.528.438.99
Amount in ₹ Crore

Key Performance Indicator (KPI)

The market capitalization of Spinaroo Commercial IPO is Rs 35.67 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE23.23%
ROCE37.58%
Debt/Equity1.25
RoNW23.23%
PAT Margin3.40
Price to Book Value0.85
 Pre IPOPost IPO
EPS (Rs)2.801.76
P/E (x)18.2129.01
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
NAV is taken With Retrospective Effect of Bonus

Objects of the Issue (Spinaroo Commercial IPO Objectives)

The Company Spinaroo Commercial IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.Objects of the IssueExpected Amount (in Millions)
1Working Capital Requirements71.28
2General Corporate Expenses20

Spinaroo Commercial IPO Details

IPO DateMarch 28, 2025 to April 3, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price₹51 per share
Lot Size2,000 Shares
Total Issue Size19,94,000 shares
(aggregating up to ₹10.17 Cr)
Fresh Issue19,94,000 shares
(aggregating up to ₹10.17 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share Holding Pre Issue50,00,000 shares
Share Holding Post Issue69,94,000 shares
Market Maker Portion1,00,000 shares

Spinaroo Commercial IPO Promoter Holding

Mr. Amit Sultania, Mr. Aditya Todi, and Mrs. Mridula Todi are the promoters of the company.

Share Holding Pre Issue66.67%
Share Holding Post Issue47.66%

SHARIAH SCREENING for - Spinaroo Commercial Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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