Vivekanand Cotspin IPO
Updated 16 Sept 2026, 6:45 pm.
Minimum investment (Individual investors (IND))
₹2,22,000
2 lots · 6,000 shares at the upper price band
Price band
₹37
Latest GMP
₹0
0.0% of the ₹37 upper band
Est. listing price
₹0
Issue size
₹22.94 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 16 Sept 2026, 6:45 pm | ₹0 | ₹0 |
| 16 Sept 2026, 1:45 pm | ₹0 | ₹0 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹37
- Issue size
- ₹22.94 Cr
- Lot size
- 3,000
- Opens
- 21 Sept 2026
- Closes
- 23 Sept 2026
- Allotment
- 24 Sept 2026
- Listing
- 28 Sept 2026
- Est. listing price
- ₹0
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- MUFG Intime India Pvt.Ltd.
- Minimum investment
- ₹2,22,000 (2 lots · 6,000 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 25 Sept 2026
- Shares credited
- 25 Sept 2026
- Promoter holding
- 100% before · — after
- Lead managers
- Swastika Investmart Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 16 Sept 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 21 to 23 Sep, 2026 |
|---|---|
| Listing Date | Mon, Sep 28, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹32 to ₹37 |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 65,00,000 shares (agg. up to ₹ 24 Cr) |
|---|---|
| Reserved for Market Maker | 3,00,000 shares (agg. up to ₹ 1 Cr) Sunflower Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 62,00,000 shares (agg. up to ₹ 23 Cr) |
| Net Offered to Public | 62,00,000 shares (agg. up to ₹ 23 Cr) |
| Share Holding Pre Issue | 1,62,50,000 shares |
| Share Holding Post Issue | 2,27,50,000 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Sep 21, 2026
- IPO Close
- Wed, Sep 23, 2026
- Allotment
- Thu, Sep 24, 2026
- Refund
- Fri, Sep 25, 2026
- Credit of Shares
- Fri, Sep 25, 2026
- Listing
- Mon, Sep 28, 2026
Issue Reservation
- QIB47.50%
- NII (HNI)14.25%
- Retail33.25%
- Market Maker5.00%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 28,50,000 | 50.00% | 47.50% |
| - Anchor Investor | 17,10,000 | — | 28.50% |
| - QIB (Ex. Anchor) | 11,40,000 | — | 19.00% |
| NII (HNI) | 8,55,000 | 15.00% | 14.25% |
| - bNII > ₹10L | 5,70,000 | — | 9.50% |
| - sNII < ₹10L | 2,85,000 | — | 4.75% |
| Retail | 19,95,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker | 3,00,000 | — | 5.00% |
| Total | 60,00,000 | 100.00% | 100.00% |
Vivekanand Cotspin IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (50.00%) are allocated to QIB , 8,55,000 (15.00%) allocated to NII 19,95,000 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 6000 | ₹2,22,000 |
| Individual investors (IND) (Max) | 2 | 6000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30000 | ₹11,10,000 |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
IPO Subscription Details
About Vivekanand Cotspin Ltd.
Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading.
The company's products include cotton bales, seeds, and yarn.
The company operates in two primary areas: cotton ginning and spinning.
The company focuses on spinning clean cotton fibres into yarn.
The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India. It operates spinning mills with efficient machinery to uphold quality control.
The company's manufacturing facility is located in Rangpurda, Kadi, within the Mahesana District of Gujarat, close to the fertile cotton-growing regions of Maharashtra and Saurashtra in Gujarat. The company has established an annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales.
As on May 30th, 2026, the Company has 146 employees on payroll.
Competitive Strength
Establishing the Spinning Unit has achieved forward integration into the cotton textile industry.
Cost-effective production and timely fulfilment of orders.
Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale.
Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry.
Experienced Promoters.
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 84.85 | 87.53 | 84.83 |
| Total Income | 409.32 | 290.94 | 358.02 |
| Profit After Tax | 3.69 | 4.07 | 3.35 |
| EBITDA | 15.09 | 14.59 | 14.59 |
| NET Worth | 28.94 | 17.26 | 20.62 |
| Reserves and Surplus | 12.69 | 2.26 | 5.62 |
| Total Borrowing | 45.00 | 54.76 | 40.02 |
| Amount in ₹ Crore |
Vivekanand Cotspin Ltd.'s revenue increased by 41% and profit after tax (PAT) dropped by 9% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Other Textile Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ashutosh Fibre Ltd. | SME | ₹56.35 Cr | ₹92 | 9.03 | ₹147.00 | +59.78% | ₹156.90 |
| Fascinate Textiles Ltd. | SME | ₹64.83 Cr | ₹151 | 10.33 | ₹114.80 | -23.97% | ₹50.50 |
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹142.55 |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹65.00 |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹40.10 |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹9.98 |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹110.00 |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹61.35 |
| Alpine Texworld Ltd. | Mainboard | ₹126.25 Cr | ₹105 | 12.68 | ₹99.75 | -5.00% | ₹54.68 |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹552.35 |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹76.38 |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹37.55 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding for capital expenditure requirement towards installation of additional plant and machinery | 5.27 |
| 2 | To meet Working Capital requirements | 11.00 |
| 3 | General Corporate Purposes | — |
| Total | 16.27 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 15.96% |
| ROCE | 13.14% |
| Debt/Equity | 1.56 |
| RoNW | 15.96% |
| PAT Margin | 0.90% |
| EBITDA Margin | 3.70% |
| NAV | 17.81 |
| Price to Book Value | 2.08 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.27 | 1.62 |
| P/E (x) | 16.3 | 22.84 |
| Market Cap at Offer Price | ₹60.13 Cr. | ₹84.18 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | — |
| Public | — | — |
| Total | 100% | — |
Company Promoters: Nirav Bharatbhai Patel, Jasmin Vishnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel, Gautam Bharatkumar Patel, B P Patel Family Trust and V P Patel Family Trust.
Vivekanand Cotspin IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
MUFG Intime India Pvt.Ltd.
022-49186000
vivekanand.smeipo@linkintime.co.in
IPO Lead Manager(s)
Swastika Investmart Ltd.
Contact Details
Vivekanand Cotspin Ltd. Address
S/No 181/1, 182/1
At Rangpurda,
Kadi
Mahesana, Gujarat , 382715
+91 9227825102
cs@vcottonexport.com
Vivekanand Cotspin IPO in the news
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