Spinaroo Commercial Makes Muted Debut on BSE SME Platform: Lists at 3.6% Premium 📉📈
- Stock Market Debut: On Tuesday, April 8, 2025, Spinaroo Commercial listed on the BSE SME platform at ₹52.85 per share, up 3.63% from the issue price of ₹51 per share.
- Grey Market Expectations: The listing price slightly exceeded grey market estimates, where shares were trading flat at ₹51 per share ahead of the listing.
- IPO Overview: The Spinaroo Commercial IPO saw a muted response, being oversubscribed by only 1.49 times. The non-institutional investor (NII) segment was oversubscribed by 1.84 times, and the retail investors’ portion was subscribed 1.2 times. However, the IPO failed to attract any bids from Qualified Institutional Buyers (QIBs).
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