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

Spinaroo Commercial IPO vs TSC India IPO

Comparison between Spinaroo Commercial IPO and TSC India IPO.

IPO Details

Spinaroo Commercial IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TSC India IPO is a SME Bookbuilding proposed to list at NSE SME.

 Spinaroo Commercial IPOTSC India IPO
LogoSpinaroo Commercial IPO LogoTSC India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerBlack Fox Financial Pvt.Ltd.Prabhat Financial Services 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 Spinaroo Commercial IPO is up to ₹9.66 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Spinaroo Commercial IPO is ₹51.00 per share and of TSC India IPO is ₹70.00 per share.

 Spinaroo Commercial IPOTSC India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹68.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹51.00 per share₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size18,94,000 shares35,12,000 shares
Fresh Issue Size (Amount)up to ₹9.66 Crup to ₹24.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,94,000 shares35,12,000 shares
Issue Size Total (Amount)up to ₹9.66 Crup to ₹24.58 Cr

IPO Timetable

Spinaroo Commercial IPO opens on Mar 28, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Spinaroo Commercial IPO and TSC India IPO is Apr 03, 2025, and Jul 25, 2025, respectively.

 Spinaroo Commercial IPOTSC India IPO
Anchor Bid DateJul 22, 2025
Issue OpenMar 28, 2025Jul 23, 2025
Issue CloseApr 03, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Apr 04, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Apr 07, 2025Jul 29, 2025
Credit of Share (Tentative)Apr 07, 2025Jul 29, 2025
Listing date (Tentative)Apr 08, 2025Jul 30, 2025
Anchor Lockin End date 1Aug 27, 2025
Anchor Lockin End date 2Oct 26, 2025

Financials & KPIs

Spinaroo Commercial IPO P/E ratio is 18.21, as compared to TSC India IPO P/E ratio of 15.44.

 Spinaroo Commercial IPOTSC India IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets61.4553.3326.16
Total Income26.3220.599.85
Profit After Tax4.934.721.22
EBITDA8.758.192.82
NET Worth15.838.744.56
Reserves and Surplus5.486.822.64
Total Borrowing25.5317.7613.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)66.6790.74
Promoter Shareholding (Post-Issue)47.6666.85
P/E Ratio18.2115.44
Market Cap₹35.67 Cr.₹98.34 Cr.
ROE23.2331.13
ROCE37.5819.49
Debt/Equity1.25
EPS₹2.80₹4.53
RoNW23.2331.13

Shares Offered

In the Spinaroo Commercial IPO Retail Individual Investors (RII) are offered 9,48,000 shares while in TSC India IPO retail investors are offered 9,48,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Spinaroo Commercial IPO and 7,02,000 shares in TSC India IPO.

 Spinaroo Commercial IPOTSC India IPO
Anchor Investor Reservation0 shares10,50,000 shares
Market Maker Reservation1,00,000 shares1,86,000 shares
QIB0 shares7,02,000 shares
NII9,46,000 shares5,28,000 shares
RII9,48,000 shares12,32,000 shares
Employee0 shares0 shares
Others
Total18,94,000 shares35,12,000 shares

Bids Received (Subscription)

Spinaroo Commercial IPO subscribed 1.52x in total, whereas TSC India IPO subscribed 51.33x.

 Spinaroo Commercial IPOTSC India IPO
QIB (times)40.15x
NII (times)1.84x133.17x
Big NII (times)0.00x
Small NII (times)0.00x
RII (times)1.20x66.36x
Employee (times)
Other (times)
Total (times)1.52x51.33x

Compare with others

Spinaroo Commercial IPOTSC India IPO
Shri Ahimsa Naturals IPOCedaar Textile IPO
Amtech Esters IPOATC Energies System IPO
TSC India IPORukmani Devi Garg Agro Impex IPO
Desco Infratech IPOShri Ahimsa Naturals IPO
Newgen IT Technologies IPOAmtech Esters IPO
Renol Polychem IPODesco Infratech IPO
Rachit Prints IPONewgen IT Technologies IPO
Pind Hospitality IPOSpinaroo Commercial IPO
KVS Castings IPORenol Polychem IPO
NSB BPO Solutions IPORachit Prints IPO

Compare:

Spinaroo Commercial IPO Vs TSC India IPO