Vivekanand Cotspin IPO 2026: Price Band, GMP, Dates, Lot Size, Allotment & Listing Details

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Vivekanand Cotspin Limited IPO
VC
Vivekanand Cotspin Limited IPO
Cotton Ginning & Spinning · Carded & Combed Yarn · Kadi, Mahesana, Gujarat
📋 BSE SME IPO Fresh Issue BSE SME
₹37
Upper Price
₹24.05 Cr
Issue Size
Sep 28, 2026
Listing Date
₹60.13 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Monday, 21 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 23 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 24 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 25 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 28 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date21 September 2026 (Mon)
IPO Close Date23 September 2026 (Wed)
Listing Date28 September 2026 (Mon)
Face Value₹10 per share
Price Band₹32 to ₹37
Issue Price (Upper Band)₹37 per share
Issue TypeBookbuilding IPO
Lot Size3,000 shares
Total Issue Size65,00,000 shares (₹24.05 Cr)
Fresh Issue65,00,000 shares (₹24.05 Cr)
Offer for Sale (OFS)Nil
Pre-Issue Shares1,62,50,000
Post-Issue Shares2,27,50,000
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹60.13 Cr
Listing ExchangeBSE SME
Lead ManagerSwastika Investmart Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹37
Investor TypeLotsSharesAmount
Individual (Retail) — Min26,000₹2,22,000
Individual (Retail) — Max26,000₹2,22,000
S-HNI (sNII) — Min39,000₹3,33,000
S-HNI (sNII) — Max927,000₹9,99,000
B-HNI (bNII) — Min1030,000₹11,10,000
⚠️ Note: Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereafter. Market Maker reservation comprises 3,00,000 shares allotted to Sunflower Broking Pvt.Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
50.00%
QIB Portion
35.00%
Retail Portion
15.00%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets84.8587.5384.83
Total Income409.32290.94358.02
PAT3.694.073.35
EBITDA15.0914.5914.59
Net Worth28.9417.2620.62
Reserves & Surplus12.692.265.62
Total Borrowing45.0054.7640.02
Income Trend
FY 2023–24₹358.02 Cr
FY 2024–25₹290.94 Cr
FY 2025–26₹409.32 Cr
🎯 Key Performance Indicators
15.96%
ROE
Mar 31, 2026
1.56
Debt/Equity
Mar 31, 2026
13.14%
ROCE
Mar 31, 2026
0.90%
PAT Margin
Mar 31, 2026
3.70%
EBITDA Margin
Mar 31, 2026
15.96%
RoNW
Mar 31, 2026
2.08x
Price/Book
Mar 31, 2026
17.81
NAV
Mar 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹2.27
Based on pre-issue shares
P/E: 16.30x
Post-IPO EPS
₹1.62
Based on post-issue shares
P/E: 22.84x
Price to Book Value
2.08x
At upper price band ₹37
Market Cap (Pre-IPO)
₹60.13 Cr
At issue price ₹37
ℹ️ Pre-IPO EPS (₹2.27) is based on pre-issue shares (1,62,50,000) and applicable earnings. Post-IPO EPS (₹1.62) accounts for the dilution resulting from the issuance of 65,00,000 fresh equity shares extending the total post-issue equity to 2,27,50,000 shares. Post-IPO Market Cap expands to ₹84.18 Cr at the upper issue price of ₹37.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding for capital expenditure requirement towards installation of additional plant and machinery
₹5.27 Cr
2
To meet Working Capital requirements
₹11.00 Cr
3
General Corporate Purposes
Balance
Total Net Proceeds Goal ₹16.27 Cr
🏢 About Vivekanand Cotspin Ltd.
Est. 2015 · Kadi, Mahesana, Gujarat · Cotton Ginning & Spinning

Vivekanand Cotspin Limited, incorporated in July 2015, is engaged in processing cotton and manufacturing yarn through integrated ginning and spinning operations, alongside the trading of cotton products. The company’s diverse product portfolio comprises cotton bales, cotton seeds, and premium-quality cotton yarn, catering to fabric manufacturers across domestic and international markets.

The business operates a modern manufacturing facility located in Rangpurda, Kadi, within the Mahesana District of Gujarat, enjoying close proximity to the fertile cotton-growing belts of Maharashtra and Saurashtra. The company has established an annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales. Supported by advanced machinery and rigorous quality control, the enterprise employs 146 personnel on payroll as of May 30, 2026.

Brand Ecosystem
🧵
Cotton Yarn Spinning
Carded and combed cotton yarn manufactured with an annual capacity of 4,550 tons.
⚙️
Cotton Ginning & Bales
Processing clean cotton fibres into bales with an established annual capacity of 8,000 tons.
🏗️
Forward Integration
Value-added transition from raw cotton ginning to specialized spinning and yarn trading.
🏭
Strategic Gujarat Facility
Located at Kadi, Mahesana, accessing prime raw material belts in Gujarat and Maharashtra.
Competitive Strengths
🏆Establishment of the spinning unit has achieved successful forward integration into the textile value chain.
⚙️Cost-effective manufacturing setup ensuring timely order fulfilment across domestic and overseas buyers.
📋Scalable operating model optimizing production volumes, strengthening vendor networks, and capturing economies of scale.
📈Uncompromising focus on high-quality carded and combed cotton yarn backed by experienced promoter leadership.
Company Promoters
NP
Nirav Bharatbhai Patel & Jasmin Vishnubhai Patel
Promoters, Vivekanand Cotspin Ltd.
BP
Bharatbhai Prahaladbhai Patel & Vishnubhai Prahaladdas Patel
Promoters, Vivekanand Cotspin Ltd.
📅 Key Dates
IPO Opens21 Sep 2026
IPO Closes23 Sep 2026
Allotment24 Sep 2026
Refund & Share Credit25 Sep 2026
Listing Day28 Sep 2026
💡 Quick Summary
Price Band₹32 – ₹37
Upper Price₹37 / share
Lot Size3,000 shares
Min. Investment (Retail)₹2,22,000 (2 Lots)
Issue Size₹24.05 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Swastika Investmart Ltd.
📍 Registered Address
Vivekanand Cotspin Ltd.
S/No 181/1, 182/1, At Rangpurda,
Kadi, Mahesana, Gujarat — 382715
📞 +91 9227825102
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Vivekanand Cotspin IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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