Spinny confidentially files IPO papers, eyes up to ₹3,000 Cr issue

Indian used-car marketplace Spinny has confidentially filed IPO papers with SEBI and aims to raise ₹2,500–3,000 Cr via a fresh issue and OFS. It targets a 2027 listing; FY26 operating revenue was about ₹6,000 Cr with 25–30% growth expected in FY27.

• Spinny seeks ₹2,500–3,000 Cr via fresh issue and OFS
• Listing targeted for 2027, subject to regulatory approvals
• FY26 operating revenue around ₹6,000 Cr, 25–30% growth expected in FY27
• Kotak, Citi, Morgan Stanley and 360 ONE named book-running lead managers