Spinaroo Commercial makes its debut on the BSE SME Board, raising ₹10.17 crore through its IPO to enhance eco-friendly packaging. Shares opened strongly, reflecting confidence.
New Delhi [India], April 10: Kolkata-based Spinaroo Commercial Limited, a prominent name in the eco-friendly packaging sector, proudly announced its successful listing on the BSE SME Board today.
The milestone event was marked by the traditional bell-ringing ceremony at the Bombay Stock Exchange, attended by Mr. Sandeep More, Head of the BSE East Zone, along with the company’s leadership team. Spinaroo Commercial, recognised for manufacturing paper cups, plates, semi-finished cup and plate goods, aluminium containers, and home foil, raised an impressive ₹10.17 crores through its Initial Public Offering (IPO).
The shares had a remarkable debut, opening at a premium and reaching a high of ₹55, showcasing robust investor confidence in the company’s growth potential and sustainable product line.
During the ceremony, Mr. Sandeep More congratulated the Spinaroo team, saying,
“The listing of Spinaroo Commercial on the BSE SME platform highlights the growing strength of Eastern India’s entrepreneurial ecosystem. It is encouraging to see companies with environmentally conscious products entering public markets.”
The company’s leadership expressed gratitude to investors, stakeholders, and the BSE for their ongoing support. Spinaroo aims to use the funds raised to enhance manufacturing capacity, strengthen supply chain systems, and invest in product innovation to meet the increasing demand for sustainable alternatives in food packaging.
Headquartered in Kolkata, Spinaroo Commercial is committed to providing eco-friendly, recyclable food-grade packaging solutions. With a vision to encourage sustainable consumption, the company has built a strong presence in both domestic and international markets.
If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.
