Spinny Confidentially Files IPO Papers, Eyes Up To ₹3,000 Cr Issue

by · Inc42

SUMMARY

  • Spinny has confidentially filed IPO papers with SEBI and is looking to raise ₹2,500 Cr to ₹3,000 Cr through a fresh issue and OFS.
  • The filing formally kicks off Spinny’s listing process and could test public market appetite for its inventory-heavy used-car retail model.
  • Spinny is targeting a 2027 listing. Its operating revenue stood at around $6,000 Cr in FY26 and expects 25-30% growth in FY27.