Spinaroo Commercial Ltd - IPO

Spinaroo Commercial Ltd IPO Details

Initial public offer of 19,94,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Spinaroo Commercial Limited (The Company or the Issuer) for cash at a price of Rs. 51/- per equity share, including a share premium of Rs. 41/- per equity share (The Issue Price), aggregating to Rs. 10.17 crores (The Issue), of which 1,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 0.51 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Peservation Portion). The issue less market maker reservation portion i.e. issue of 18,94,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 9.66 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 28.51% and 27.08% respectively of the post issue paidup equity share capital of the Company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 51/- each i.e., 5.10 times of the face value of the equity shares. The minimum lot size is 2,000 equity shares.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Spinaroo Commercial Ltd Contact Details

Spinaroo Commercial Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - compliance@spino.co.in

Website - www.spino.co.in