31 Mar 2022
Assets17.82
Total Income47.58
Profit After Tax0.52
NET Worth3.70
Reserves and Surplus2.70
Total Borrowing8.99
At a glance
Updated 2026-09-12The shares listed at ₹52.85, a 3.63% move from the issue price. Spinaroo Commercial is a SME IPO with an issue size of ₹10.17 crore, proposed for listing on BSE SME. The offer opens on 28th Mar 2025 and closes on 3rd Apr 2025. The issue structure includes a fresh issue of ₹9.66 crore. The current listing schedule points to 8th Apr 2025.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹10.17 Cr
Fresh issue₹9.66 Cr
Face value₹10
Price band—–—
Allotment4th Apr 2025
Listing8th Apr 2025
Listing performance
Full performance ↗Issue price₹51.00
Listing price₹52.85
Current price—
Listing gain3.63%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹51.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens28th Mar 2025
Closes3rd Apr 2025
Allotment4th Apr 2025
Refund7th Apr 2025
Demat7th Apr 2025
Listing8th Apr 2025
Subscription demand
Full bidding ↗Total1.52×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirements | ₹7.13 Cr |
| General Corporate Expenses | ₹2.00 Cr |
| Issue Expenses | ₹1.04 Cr |
| Total | ₹10.17 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue21.02₹ Cr · -49.0% vs prior year
PAT0.61₹ Cr · -56.4% vs prior year
Assets21.94₹ Cr · +15.2% vs prior year
Net Worth6.64₹ Cr · +10.1% vs prior year
Borrowing7.43₹ Cr · -1.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets19.48
Total Income53.19
Profit After Tax0.93
NET Worth4.63
Reserves and Surplus3.63
Total Borrowing8.43
31 Mar 2024
Assets19.05
Total Income41.21
Profit After Tax1.40
NET Worth6.03
Reserves and Surplus5.03
Total Borrowing7.52
30 Sep 2024
Assets21.94
Total Income21.02
Profit After Tax0.61
NET Worth6.64
Reserves and Surplus1.64
Total Borrowing7.43
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 23.23% |
| ROCE | 37.58% |
| Debt / Equity | 1.25% |
| RoNW | 23.23% |
| PAT Margin | 3.40% |
| Price to Book Value | 0.85 |
Valuation & shareholding
Pre-IPO EPS2.80
Post-IPO EPS1.76
Pre-IPO P/E18.21
Post-IPO P/E29.01
Promoter holding pre66.67%
Promoter holding post47.66%
Market cap₹35.67 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Spinaroo Commercial IPO | — | 29.01 x | — | — |
| Poojaa Precision IPO | — | 19.43 x | — | — |
| Msafe Equipments IPO | — | 11.95 x | — | — |
| Kanishk Aluminium IPO | — | 19.03 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Working Capital Requirements | ₹7.13 Cr |
| General Corporate Expenses | ₹2.00 Cr |
| Issue Expenses | ₹1.04 Cr |
| Total | ₹10.17 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Finshore Management Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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