Spinaroo Commercial is a leading manufacturer specializing in aluminum foil containers, aluminum home foil, paper cups, plates, bowls, and semi-processed materials for paper cups. The company operates through three primary business divisions:
Manufacturing – Accounting for 98% of total revenue, this segment produces aluminum containers, home foil, paper cups, plates, and related products.
Trading – The company supplies high-end machinery for paper product manufacturing, including high-speed paper-making machines, flexo printing machines, and automatic roll die machines.
Job Work – Spinaroo provides processing, shaping, and printing services for branding paper cups, bowls, and other products with logos and designs.
With a presence in 12 states and 2 union territories, including West Bengal, Bihar, Gujarat, and Rajasthan, Spinaroo operates from two manufacturing units in Howrah, Kolkata, equipped with advanced machinery to meet customer demands.
The company’s IPO opens on March 28, 2025, with a price band of ₹51 per share, closing on April 3, 2025. The allotment will be finalized on April 4, 2025, and the shares will list on the BSE on April 8, 2025. The retail quota is set at 50%, while HNIs get the remaining 50% (QIB quota is 0%). Financially, Spinaroo reported revenues of ₹41.21 crores in 2024 (down from ₹53.19 crores in 2023) but saw profits rise to ₹1.40 crores (from ₹0.93 crores in 2023).
