# Spinny IPO filing

> Live situation record from CLSTR: https://clstr.news/situations/spinny-ipo-filing
> Updated: 2026-09-26T03:00:27.000Z. Sources: 6. Developments: 2.

Indian used-car marketplace Spinny has filed confidential draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company seeks to raise between ₹2,500 crore and ₹3,000 crore through a combination of new shares and an offer for sale by existing investors.

The filing follows the conversion of its parent company, Valuedrive Technologies, into a public limited company in August. Spinny aims for a stock-market debut by 2027, pending regulatory approval. The company has reported significant revenue growth, with operational revenue increasing 25% to ₹4,657 crore in fiscal year 2025. 

Book-running lead managers for the offering include Kotak Mahindra Capital Company, Citigroup Global Markets India, Morgan Stanley India Company, and 360 ONE WAM.

## Timeline

### 2026-09-26: Spinny files for IPO worth up to ₹3,000 crore

Spinny, a used car platform backed by Sachin Tendulkar, has filed for an IPO with SEBI, targeting a valuation between ₹2,500 crore and ₹3,000 crore.

2 sources. https://clstr.news/cluster/spinny-files-for-ipo-valued-up-to-3000-crore

### 2026-09-22: Spinny files for ₹3,000 crore IPO to expand used-car business

Indian used-car retailer Spinny has filed confidential IPO papers with SEBI, aiming to raise ₹2,500-3,000 crore for a potential 2027 market debut.

4 sources. https://clstr.news/cluster/spinny-files-for-3000-crore-ipo-to-expand-used-car-business

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Cite as: Spinny IPO filing. CLSTR, https://clstr.news/situations/spinny-ipo-filing