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Spinny confidentially files for IPO, targets up to ₹3,000 crore issue

Used-car retailer Spinny confidentially pre-filed IPO papers with SEBI for a proposed ₹2,500-₹3,000 crore issue. The Gurugram-based company is targeting a 2027 listing and has appointed four lead managers.

Spinny pre-files for a proposed IPO of ₹2,500 crore-₹3,000 crore
Proposed issue size
₹2,500 crore-₹3,000 crore
FY26 operating revenue
approximately ₹6,000 crore
up up nearly 29% YoY
FY25 net loss
₹423.8 crore
down down 28%

Newer report , , Autocar Professional : Spinny logs record 1,370 used-car deliveries in a single day on first day of Navratri, up 96% year on year

Reported figures

From the report. Source details below

FY26 operating revenue approximately ₹6,000 Cr, up nearly 29% YoY
FY25 operating revenue ₹4,656.1 Cr
FY25 net loss ₹423.8 Cr, down 28%

Also in the report

  • $170 Mn funding in February

Other figures

  • $1.5 Bn valuation
  • $784 Mn+ total funding

The source

Source Read the source at Inc42

Published

Also reported by YourStory

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Note Information, not investment advice. RetailIntel is not registered with SEBI.