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News Details

( As on 25/03/2025 15:00)

Spinaroo Commercial announces launch of initial public offering

Spinaroo Commercial Ltd. has announced public offering of 1996000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 1,017.96 lakhs.

The company's initial public offer (IPO) will open on 28 March 2025 and is expected to close on 03 April 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 1996000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Spinaroo Commercial Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.