- 2,500–3,000 crore IPO of Spinny
- Through OFS along with new shares in IPO
- The company targets listing in 2027
God of cricket Sachin Tendulkar Not only on the field but also in business. The IPO of the same company in which Sachin invested money is coming. Spiny, a company that sells used cars (Spinny) is now preparing to come to the stock market and the company has also submitted its documents to SEBI. Sachin Tendulkar company IPO:
The company wants to raise around Rs 2500 to 3000 crore from this IPO. But the real figure will come out after SEBI gives permission. The company is going to raise money by issuing some new shares and along with that the old investors are also going to sell some of their shares. This is called OFS (Offer For Sale). So the company will also get money and the old people will also be able to exit with profit.
Big companies like Kotak Mahindra Capital, Citigroup, Morgan Stanley and 360 One have been hired for this IPO. The target of the company is to be listed in the stock market in 2027. But the date is not clear yet. In August 2026, the company converted itself from a private limited to a public limited. Also Spinney's main company changed its name to Value Drive Technology
The company's business is booming
Spinney's business is booming right now. According to the document, the company's revenue has increased by 25% in the financial year 2025. In 2024, the company earned Rs 3730 crore, in 2025 the same figure went up to Rs 4657 crore and it is said that in 2026, this figure may go beyond Rs 6000 crore.
Big blow to IPO Listing! Lower circuit of the stock as soon as it enters the market
What is Sachin's relationship?
Sachin Tendulkar is not only the advertising face of this company but also an investor in the company. It was only in 2021 that money was invested in Spinney and after that he became the brand ambassador. Apart from Sachin, he has invested in big companies like Tiger Global and Axel.
8th Pay Commission 2026: Big news for government employees? Important update on fitment factor and HRA
What does spiny do?
Spinney was started in 2015 by Neeraj Singh, Mohit Gupta and Ramanshu Mathur. Neeraj Singh is currently the CEO of the company. This company not only sells old cars, but also does everything from buying to selling, lending, insuring and after selling the car. This is called the full-stack model.
The company has expanded its business by acquiring companies like Truebil, GoMechanic and Autocar India. Currently, the company operates in 25 cities and sells 15,000 cars every month. It has become one of the biggest companies in the country selling such a large number of cars.