New Delhi, March 28 -- Spinaroo Commercial IPO has opened for subscription on Friday, March 28 and will close on Thursday, April 3. Spinaroo Commercial IPO price band has been fixed at Rs.51 per equity share of face value of Rs.10 each. Bids can be made for a minimum of 2,000 equity shares and in multiples of 2,000 equity shares thereafter.

Founded on August 17, 2012, Spinaroo Commercial Limited specializes in producing aluminum foil containers, aluminum household foil, paper cups, paper plates, paper bowls, and semi-processed materials for paper cups, which include paper coating, printing, and blanking.

The company also provides a variety of machinery related to paper cup production, such as high-speed paper cup-making machines, flexo ...