Mumbai (Maharashtra) [India], March 31: Spinaroo Commercial Limited, a prominent manufacturer of aluminium foil containers, paper cups, plates, bowls, and semi-processed materials for paper cups, is set to launch its Initial Public Offering (IPO). The IPO will raise Rs1,016.94 Lakhs by offering 19,94,000 equity shares at Rs51 per share, listed on the BSE SME platform.