Spinaroo Commercial IPO Allotment Status

Summary

Spinaroo Commercial Limited, incorporated in August 17, 2012, 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. The Spinaroo Commercial IPO comes with a total issue size of ₹10.17 crore, comprising entirely a fresh issue of 19.94 lakh shares. The IPO opened on March 28, 2025, and closed on April 3, 2025. The allotment date for the Spinaroo Commercial IPO is expected to be finalized on Friday, April 4, 2025.

Steps to Check Spinaroo Commercial IPO Allotment Status on Registrar Site

• Visit Cameo Corporate Services Limited website
• Select "Spinaroo Commercial IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Spinaroo Commercial IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Spinaroo Commercial IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Spinaroo Commercial IPO Subscription Status

Spinaroo Commercial IPO received moderate investor interest, being subscribed 1.52 times overall. Here is a category-wise breakdown of the subscription as of 6:19:32 PM on April 3, 2025:

• Retail Category: 1.20 times
• Non-Institutional Investors (NII): 1.84 times

As of 6:19:32 PM
 

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Working Capital Requirements: Funding working capital needs of the company
• General Corporate Expenses: Supporting various business initiatives

Business Overview 

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. Spinaroo Commercial operates in three business segments: Manufacturing (aluminum home foils, containers, paper products), Trading (semi-finished raw materials), and Job Work (processing, shaping, and printing on paper products). As of October 31, 2024, the company has 35 employees.