ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Renol Polychem IPO vs Spinaroo Commercial IPO

Comparison between Renol Polychem IPO and Spinaroo Commercial IPO.

IPO Details

Renol Polychem IPO is a SME Fixed Price IPO proposed to list at NSE SME while Spinaroo Commercial IPO is a SME Fixed Price proposed to list at BSE SME.

 Renol Polychem IPOSpinaroo Commercial IPO
LogoRenol Polychem IPO LogoSpinaroo Commercial IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Makers Capital Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.Black Fox Financial Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Renol Polychem IPO is up to ₹24.20 Cr whereas the issue size of the Spinaroo Commercial IPO is up to ₹9.66 Cr. The final issue price of Renol Polychem IPO is ₹105.00 per share and of Spinaroo Commercial IPO is ₹51.00 per share.

 Renol Polychem IPOSpinaroo Commercial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹105.00 per share
Issue Price (Final)₹105.00 per share₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size23,05,200 shares18,94,000 shares
Fresh Issue Size (Amount)up to ₹24.20 Crup to ₹9.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,05,200 shares18,94,000 shares
Issue Size Total (Amount)up to ₹24.20 Crup to ₹9.66 Cr

IPO Timetable

Renol Polychem IPO opens on Jul 31, 2025, while Spinaroo Commercial IPO opens on Mar 28, 2025. The closing date of Renol Polychem IPO and Spinaroo Commercial IPO is Aug 04, 2025, and Apr 03, 2025, respectively.

 Renol Polychem IPOSpinaroo Commercial IPO
Anchor Bid DateJul 30, 2025
Issue OpenJul 31, 2025Mar 28, 2025
Issue CloseAug 04, 2025Apr 03, 2025
Basis Of Allotment (Tentative)Aug 05, 2025Apr 04, 2025
Initiation of Refunds (Tentative)Aug 06, 2025Apr 07, 2025
Credit of Share (Tentative)Aug 06, 2025Apr 07, 2025
Listing date (Tentative)Aug 07, 2025Apr 08, 2025
Anchor Lockin End date 1Sep 04, 2025
Anchor Lockin End date 2Nov 03, 2025

Financials & KPIs

Renol Polychem IPO P/E ratio is 11.54, as compared to Spinaroo Commercial IPO P/E ratio of 18.21.

 Renol Polychem IPOSpinaroo Commercial IPO
Financials

Company Financials (Restated)

Period Ended31 May 202531 Mar 202531 Mar 202431 Mar 2023
Assets25.8623.4115.4910.28
Total Income12.0262.566.5241.86
Profit After Tax1.145.001.530.73
EBITDA1.607.072.181.14
NET Worth14.4713.338.692.71
Reserves and Surplus8.987.843.20
Total Borrowing5.286.952.585.36
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets21.9419.0519.4817.82
Total Income21.0241.2153.1947.58
Profit After Tax0.611.400.930.52
NET Worth6.646.034.633.70
Reserves and Surplus1.645.033.632.70
Total Borrowing7.437.528.438.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9966.67
Promoter Shareholding (Post-Issue)69.1147.66
P/E Ratio11.5418.21
Market Cap₹83.41 Cr.₹35.67 Cr.
ROE45.3723.23
ROCE64.1837.58
Debt/Equity0.521.25
EPS₹9.10₹2.80
RoNW45.3723.23

Shares Offered

In the Renol Polychem IPO Retail Individual Investors (RII) are offered 13,15,200 shares while in Spinaroo Commercial IPO retail investors are offered 13,15,200 shares. Qualified Institutional Buyers (QIB) are offered 2,56,800 shares in Renol Polychem IPO and 0 shares in Spinaroo Commercial IPO.

 Renol Polychem IPOSpinaroo Commercial IPO
Anchor Investor Reservation3,84,000 shares0 shares
Market Maker Reservation1,48,800 shares1,00,000 shares
QIB2,56,800 shares0 shares
NII3,49,200 shares9,46,000 shares
RII13,15,200 shares9,48,000 shares
Employee0 shares0 shares
Others
Total23,05,200 shares18,94,000 shares

Bids Received (Subscription)

Renol Polychem IPO subscribed 5.69x in total, whereas Spinaroo Commercial IPO subscribed 1.52x.

 Renol Polychem IPOSpinaroo Commercial IPO
QIB (times)8.41x
NII (times)6.89x1.84x
Big NII (times)7.21x
Small NII (times)6.25x
RII (times)6.51x1.20x
Employee (times)
Other (times)
Total (times)5.69x1.52x

Compare with others

Renol Polychem IPOSpinaroo Commercial IPO
Amtech Esters IPOShri Ahimsa Naturals IPO
TSC India IPOAmtech Esters IPO
Desco Infratech IPOTSC India IPO
Newgen IT Technologies IPODesco Infratech IPO
Spinaroo Commercial IPONewgen IT Technologies IPO
Rachit Prints IPORenol Polychem IPO
Pind Hospitality IPORachit Prints IPO
KVS Castings IPOPind Hospitality IPO
NSB BPO Solutions IPOKVS Castings IPO
Active Infrastructures IPONSB BPO Solutions IPO

Compare:

Renol Polychem IPO Vs Spinaroo Commercial IPO