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Vivekanand Cotspin IPO Latest News: GMP, Day 2 Subscription and Key Details
Vivekanand Cotspin IPO is open for subscription from September 21 to September 23, 2026, w...
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V
SME IPO
LISTED
BSE SME
VIVEKANAND
Vivekanand Cotspin IPO
Vivekanand Cotspin IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹0
+0.0%
Est. Listing: ₹37.00
Price Band
₹35 - ₹37
Per equity share
Lot Size
3000 Shares
Min Invest: ₹2,22,000
Issue Size
₹22.2 Cr
Fresh: ₹22.2 Cr
Issue Dates
20 September 2026 – 22 September 2026
Bidding period
Subscription
1.73x
Total overall demand
Vivekanand Cotspin IPO Details
Key facts at a glance| IPO Open Date | 20 September 2026 | IPO Close Date | 22 September 2026 |
|---|---|---|---|
| Basis of Allotment | 23 September 2026 | Listing Date | 27 September 2026 |
| Price Band | ₹35 - ₹37 per share | Face Value | ₹10 per share |
| Market Lot Size | 3000 Shares | Min Investment (Retail) | ₹2,22,000 |
| Total Issue Size | ₹22.2 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹22.2 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
Vivekanand Cotspin IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 20 September 2026 | Confirmed |
| IPO Close Date | 22 September 2026 | Confirmed |
| Basis of Allotment | 23 September 2026 | Tentative |
| Initiation of Refunds | 25 September 2026 | Tentative |
| Credit of Shares to Demat | 25 September 2026 | Tentative |
| IPO Listing Date | 27 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 23 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Vivekanand Cotspin IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 6,000 Shares | ₹2,22,000 |
| Retail (Max) | 2 Lots | 6,000 Shares | ₹2,22,000 |
| S-HNI (Min) | 3 Lots | 9,000 Shares | ₹3,33,000 |
| S-HNI (Max) | 9 Lots | 27,000 Shares | ₹9,99,000 |
| B-HNI (Min) | 10 Lots | 30,000 Shares | ₹11,10,000 |
Vivekanand Cotspin IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹0 +0.0%
Estimated Listing Price
₹37.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 23 Sept 2026 | ₹0 | ₹37.00 | +0.00% |
| 18 Sept 2026 | ₹0 | ₹37.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Vivekanand Cotspin IPO Subscription Status
Demand breakdown by investor category
Retail
1.82x
QIB
1.26x
NII / HNI
2.05x
Total
1.73x
Vivekanand Cotspin Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 84.83 Cr. | 358.02 Cr. | 352.77 Cr. | 3.35 Cr. |
| 2025 | 87.53 Cr. | 290.94 Cr. | 287.55 Cr. | 4.07 Cr. |
| 2026 | 84.85 Cr. | 409.32 Cr. | 404.19 Cr. | 3.69 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Vivekanand Cotspin IPO Valuation & KPIs
Key metrics pre-issue
EPS
2.45 (Basic)
P/E Ratio
N/A
RoNW
15.96%
NAV per share
₹17.81
RoCE
13.14%
RoE
15.96%
Debt to Equity
1.56
PAT Margin
0.90%
EBITDA Margin
3.70%
Vivekanand Cotspin Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Deepak Spinners Limited | 22.11 | 5.06 | 1.60% | 319.10 | 534.16 Cr. |
| Lagnam Spintex Limited | 9.52 | 8.14 | 11.23% | 76.60 | 604.98 Cr. |
About Vivekanand Cotspin
Vivekanand Cotspin Limited operates in the cotton processing and yarn manufacturing industry, focusing on the ginning of raw cotton (kapas) into cotton bales and cotton seed, alongside the spinning of cotton bales into cotton yarn. Additionally, the company engages in trading cotton bales and cotton yarn to service customer requirements and optimize business opportunities. It generates revenue primarily from selling manufactured and traded cotton yarn, cotton bales, cotton seed, and cotton yarn waste. The business operates through its manufacturing facility located in Kadi, Gujarat. To support its production activities, the facility maintains an annual installed spinning capacity of 25,536 spindles, capable of spinning 4,551 metric tons of cotton yarn per year. The company services domestic customers across regional textile hubs and caters to international markets through export sales.
Key Strengths
- Integrated operations combining raw cotton ginning and yarn spinning processes.
- Strategic manufacturing unit location in Kadi, Gujarat, within a cotton belt.
- Production capability covering yarn, bales, seeds, and yarn waste by-products.
- Operational reach catering to both domestic and international export buyers.
- Promoter team with domain experience in cotton processing and trading operations.
Key Risks
- Revenue is heavily dependent on raw cotton prices and seasonal agricultural supply availability.
- A significant portion of total business transactions and revenue is tied to related party entities.
- Concentrated revenue dependency on a small number of key major customers.
- Operating manufacturing facilities are entirely situated on leased premises from promoters.
- Exposure to foreign exchange rate volatility on export revenue realisations.
Vivekanand Cotspin IPO Reservation & Share Quotas
The Vivekanand Cotspin IPO reservation details show the proposed allocation of shares among anchor investors, qualified institutional buyers, non-institutional investors, and retail investors. The category-wise allocation is provided below.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 17,10,000 Shares | 28.50% |
| QIB (Ex. Anchor) | 11,40,000 Shares | 19.00% |
| NII Shares Offered | 8,55,000 Shares | 14.25% |
| Retail Shares Offered | 19,95,000 Shares | 33.25% |
Note: The reservation figures are based on the supplied Vivekanand Cotspin IPO information.
Vivekanand Cotspin IPO Anchor Investors
Vivekanand Cotspin's anchor investor details provide information about the anchor bidding date, shares reserved for anchor investors, the proposed anchor issue size, and the applicable lock-in period. The available details are listed below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 18, 2026 |
| Shares Offered | 17,10,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: The anchor investor information is based on the supplied Vivekanand Cotspin IPO data.
Vivekanand Cotspin IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 21 Sept 2026 |
| IPO Close Date | 23 Sept 2026 |
| Basis of Allotment | 24 Sept 2026 |
| Refunds | 25 Sept 2026 |
| Credit to Demat Account | 25 Sept 2026 |
| IPO Listing Date | 28 Sept 2026 |
Note: The timeline for விவேகானந்தர் கோட்ஸ்பின் IPO is tentative and subject to change.
Vivekanand Cotspin Promoters and Shareholding Pattern
The promoters of Vivekanand Cotspin are 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. The following table shows the promoter and promoter group shareholding before and after the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,62,50,000 | 100% | 16,250,000 | 71.43% |
| Others* | – | -% | 6,500,000 | 28.57% |
| Total | 1,62,50,000 | 100% | 22,750,000 | 100% |
Note: The holding pattern is based on the supplied Vivekanand Cotspin IPO shareholding data.
Vivekanand Cotspin Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Funding capital expenditure for additional plant and machinery | 5.27 (23.74%) |
| Funding working capital requirements | 11 (49.55%) |
| General corporate purposes | 5.93 (26.71%) |
Note: Objectives are as specified in the DRHP/RHP documents of விவேகானந்தர் கோட்ஸ்பின்.
Vivekanand Cotspin About the IPO
Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing through cotton ginning, spinning, and trading activities.
The company produces a range of products, including cotton bales, cotton seeds, and various types of yarn. Vivekanand Cotspin operates primarily in two segments: cotton ginning and cotton spinning. The company specialises in converting clean cotton fibres into quality yarn for domestic and international markets.
Its product portfolio includes carded and combed cotton yarn, which is supplied to industries involved in fabric manufacturing. With modern spinning facilities and efficient machinery, the company focuses on maintaining quality standards while serving both Indian and export markets.
Vivekanand Cotspin Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 358.02 Cr. | 352.77 Cr. | 3.35 Cr. | 84.83 Cr. |
| 2025 | 290.94 Cr. | 287.55 Cr. | 4.07 Cr. | 87.53 Cr. |
| 2026 | 409.32 Cr. | 404.19 Cr. | 3.69 Cr. | 84.85 Cr. |
Note: Financial numbers for விவேகானந்தர் கோட்ஸ்பின் are in ₹ Crores unless stated otherwise.
Vivekanand Cotspin Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 15.96% |
| ROCE | 13.14% |
| EBITDA Margin | 3.70% |
| PAT Margin | 0.90% |
| Debt to Equity Ratio | 1.56 |
| Earning Per Share (EPS) | 2.45 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 15.96% |
| Net Asset Value (NAV) | 17.81 |
Note: Valuation KPIs for விவேகானந்தர் கோட்ஸ்பின் are computed for FY2026.
Vivekanand Cotspin Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Deepak Spinners Limited | 5.06 | 22.11 | 1.60% | 319.10 | 534.16 Cr. |
| Lagnam Spintex Limited | 8.14 | 9.52 | 11.23% | 76.60 | 604.98 Cr. |
Note: Peer group comparisons for விவேகானந்தர் கோட்ஸ்பின் are sourced from DRHP filings.
Vivekanand Cotspin Lead Managers & Merchant Bankers
- Swastika Investmart Ltd.
Vivekanand Cotspin IPO FAQs
Vivekanand Cotspin IPO opens for subscription on 20 September 2026 and closes on 22 September 2026.
The price band for Vivekanand Cotspin IPO is set at ₹35.00 to ₹37.00 per share.
The minimum market lot size is 3000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 6,000 Shares (₹2,22,000).
The latest Grey Market Premium (GMP) for Vivekanand Cotspin IPO is ₹0. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Vivekanand Cotspin IPO is tentatively scheduled for 23 September 2026, and shares are expected to list on the stock exchanges on 27 September 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for Vivekanand Cotspin IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.
Vivekanand Cotspin IPO Analysis & Articles
