Vivekanand Cotspin

Vivekanand Cotspin SME IPO

Listed

BSE SMEOpens 21 September 2026Closes 23 September 2026

Originally formed as an LLP in 2015 and converted into a company in 2024, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning. Operating from its manufacturing facility in…

Show more
Live GMPSubscriptionAllotment
Price band
₹32 - ₹37
Issue size
₹22.20 Cr
Lot size
3,000 shares
Type
BSE SME
GMP
₹0 (0.0%)
Est. listing
₹37
Est. profit / app
—
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
1.66
P/E ratio
22.32
RoNW
15.96%
ROE
15.96%
Debt / Equity
1.56
Advertisement

Timeline

  1. IPO Opens

    21 Sept 2026

  2. IPO Closes

    23 Sept 2026

  3. Allotment

    24 Sept 2026

  4. Listing

    28 Sept 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date21 September 2026
IPO Close Date23 September 2026
Allotment Date24 September 2026
Listing Date28 September 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,22,000
SHNI (Min)
3₹3,33,000
SHNI (Max)
9₹9,99,000
BHNIAbove ₹10,00,000
10₹11,10,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Funding for capital expenditure requirement towards installation of additional plant and machinery (₹5.27 Cr).
  • To meet Working Capital requirements (₹11.00 Cr).
  • General Corporate Purposes.

Strengths

  • Establishing the spinning unit has achieved forward integration into the cotton textile industry, improving margin control.
  • Strategic location in Gujarat ensures proximity to the fertile cotton-growing regions of Maharashtra and Saurashtra.
  • Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale.

Weaknesses

  • Significant customer concentration risk, with the top 10 customers contributing 51.18% of revenue in FY26 (and 88.73% in FY24).
  • High reliance on a few key suppliers, where the top 10 suppliers accounted for 50.61% of total purchases in FY26.
  • Operations depend heavily on seasonal cotton production, exposing the business to raw material price volatility and availability fluctuations.
  • Export dependence subjects a portion of sales to foreign exchange fluctuations and international trade policies.
Advertisement

Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)84.8587.5384.83
Revenue (₹ Cr.)409.32290.94358.02
PAT (₹ Cr.)3.694.073.35
Net Worth (₹ Cr.)28.9417.2620.62

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Vivekanand Cotspin2.0822.3215.96%28.94
Pashupati Cotspin Ltd7.7281.036.33%119.2
Deepak Spinners Ltd0.449.841.59%229.39

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0x1.26x
NII0.26x0.35x2.41x
S-HNI0.18x0.33x1.26x
B-HNI0.31x0.36x2.99x
RII0.05x0.2x1.82x
Total0.08x0.17x1.79x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB11,43,00014,40,0005.33
NII8,55,00020,64,0007.64
Small NII2,85,0003,60,0001.33
Big NII5,70,00017,04,0006.3
RII20,01,00036,48,00013.5
Total39,99,00071,52,00026.46
Advertisement

Company Details

  • Vivekanand Cotspin Limited
  • S/No 181/1, 182/1, At Rangpurda, Kadi, Mahesana – 382715, Gujarat, India
  • +91 92278 25102
  • cs@vcottonexport.com
  • https://www.vcottonexport.com

Registrar Details

Frequently Asked Questions

What is the core business of Vivekanand Cotspin Limited?
Vivekanand Cotspin Limited is engaged in processing cotton and manufacturing yarn through ginning and spinning. It produces and trades cotton bales, seeds, and yarn for both domestic and international markets.
What are the subscription dates for the Vivekanand Cotspin SME IPO?
The IPO opens for subscription on Monday, September 21, 2026, and closes on Wednesday, September 23, 2026 (Anchor bidding is scheduled for Friday, September 18, 2026).
What is the price band and minimum retail application size?
The price band is set at ₹32 to ₹37 per equity share. Retail investors must bid for multiples of 1 lot comprising 3,000 shares, amounting to an investment of ₹1,11,000 per lot at the upper price band.
What is the total issue size and structure of the Vivekanand Cotspin IPO?
The total issue size is ₹22.20 Crore, which consists entirely of a Fresh Issue of 60,00,000 equity shares with no Offer for Sale (OFS) component.
When and where are the shares of Vivekanand Cotspin scheduled to list?
The equity shares are scheduled to list on the SME Platform of BSE Limited (BSE SME) on Monday, September 28, 2026.

Vivekanand Cotspin SME IPO News & Updates

Follow the latest updates for Vivekanand Cotspin SME IPO, including grey market moves and allotment news.

Vivekanand Cotspin SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Vivekanand Cotspin SME IPO Details

Issue size, price, financials, and company info

Vivekanand Cotspin SME IPO GMP

Live grey market premium and listing estimate

Vivekanand Cotspin SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Vivekanand Cotspin SME IPO Allotment

Allotment date, chances, and check by PAN

Vivekanand Cotspin SME IPO Review

SWOT, strengths, risks, and IPO review

Vivekanand Cotspin SME IPO FAQ

Common questions on dates, GMP, and allotment

Vivekanand Cotspin SME IPO Registrar

Registrar website and how to check allotment

Vivekanand Cotspin SME IPO Timeline

Open, close, allotment, and listing dates

Vivekanand Cotspin SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Vivekanand Cotspin SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...