GMP IPO Watch
Vivekanand Cotspin IPO Opens for Subscription
Vivekanand Cotspin IPO opened for subscription on September 21, 2026, and will close on September 23. The BSE SME issue comprises 60 lakh fresh equity shares and is priced at ₹32–₹37 per share. The issue size is ₹22.20 crore.
| Particular | Details |
|---|---|
| IPO Name | Vivekanand Cotspin IPO |
| IPO Dates | Sep 21–23, 2026 |
| Price Band | ₹32–₹37 |
| Issue Size | ₹22.20 Cr |
| Issue Type | Fresh Issue |
| Shares Offered | 60 Lakh |
| Lot Size | 3,000 Shares |
| Minimum Retail Bid | 2 Lots |
| Minimum Investment | ₹2,22,000 |
| Listing Platform | BSE SME |
| Allotment | Sep 24, 2026 |
| Refund | Sep 25, 2026 |
| Demat Credit | Sep 25, 2026 |
| Listing | Sep 28, 2026 |
| Lead Manager | Swastika Investmart |
| Registrar | MUFG Intime India |
Vivekanand Cotspin IPO GMP Today
The latest available grey-market indication shows Vivekanand Cotspin IPO GMP at ₹0. At the upper price band of ₹37, the unofficial indicative price is therefore around ₹37. GMP is an unofficial market indicator and can change during the IPO period.
| GMP Particular | Latest Update |
|---|---|
| GMP | ₹0 |
| Upper Price Band | ₹37 |
| Indicative Price | ₹37 |
| Indicative Premium | 0% |
Vivekanand Cotspin IPO Day 1 Subscription
Vivekanand Cotspin IPO recorded around 0.06x overall subscription on Day 1. Retail investors accounted for approximately 0.11x subscription, while QIB and NII bidding was reported at 0.00x in the latest Day 1 update.
| Category | Day 1 Subscription |
|---|---|
| QIB | 0.00x |
| NII | 0.00x |
| Retail | 0.11x |
| Overall | 0.06x |
The subscription figures can change during the remaining bidding period and final numbers will be available after the issue closes on September 23.
Vivekanand Cotspin Business Overview
Vivekanand Cotspin operates in the cotton processing and yarn manufacturing industry. Its core activities include ginning raw cotton into cotton bales and cotton seeds and spinning cotton bales into cotton yarn.
The company also trades cotton bales and yarn to meet customer requirements. Its product portfolio includes cotton bales, cotton seeds and different varieties of cotton yarn, including carded and combed yarn.
The company's integrated operations are based in Gujarat, with its Rangpurda, Kadi facility supporting both cotton ginning and yarn-spinning activities.
Vivekanand Cotspin IPO Financial Performance
Vivekanand Cotspin reported strong revenue growth in FY2026, although profit declined compared with FY2025. Revenue increased from around ₹290.94 crore in FY2025 to ₹409.32 crore in FY2026, while PAT declined from ₹4.07 crore to ₹3.69 crore.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹290.94 Cr | ₹2.74 Cr |
| FY2025 | ₹290.94 Cr | ₹4.07 Cr |
| FY2026 | ₹409.32 Cr | ₹3.69 Cr |
The company's FY2026 performance shows higher operating scale, but the lower profit despite revenue growth highlights the importance of monitoring margins, cotton prices and operating costs.
Vivekanand Cotspin IPO Fund Utilisation
The company plans to use the IPO proceeds primarily for expanding its manufacturing capacity and meeting working-capital requirements. Around ₹5.27 crore has been earmarked for additional plant and machinery, while approximately ₹11 crore is intended for working capital.
| IPO Objective | Amount |
|---|---|
| Plant & Machinery | ₹5.27 Cr |
| Working Capital | ₹11.00 Cr |
| General Corporate Purposes | Balance |
Vivekanand Cotspin Manufacturing Capacity
The company has installed capacity of approximately 8,000 tonnes of cotton bales and 4,550 tonnes of yarn annually. Its integrated setup allows it to process cotton and manufacture yarn within the same business operation.
The company also serves textile mills, fabric manufacturers, brokers and other buyers. Its business includes domestic sales as well as exports to markets such as Bangladesh, China, Vietnam and South Africa.
Vivekanand Cotspin IPO Key Risks
Cotton prices and availability are important factors for the company's operations. Changes in raw-material prices can affect margins, while demand fluctuations in the textile industry can influence sales of cotton yarn and bales.
The company also has significant borrowings. Reported outstanding borrowings were around ₹58.43 crore as of April 30, 2026. Trade receivables were approximately ₹11.77 crore as of March 31, 2026, making working-capital management another factor to monitor.
Other risks include competition, dependence on cotton and yarn demand, changes in import duties or regulations and the relatively lower liquidity generally associated with SME-listed companies.
Vivekanand Cotspin IPO Important Dates
The IPO opened on September 21 and will close on September 23, 2026. Allotment is expected on September 24, refunds and demat credit are scheduled for September 25, and the shares are expected to list on BSE SME on September 28.
| IPO Event | Date |
|---|---|
| IPO Opening | Sep 21, 2026 |
| IPO Closing | Sep 23, 2026 |
| Allotment | Sep 24, 2026 |
| Refund | Sep 25, 2026 |
| Demat Credit | Sep 25, 2026 |
| Listing | Sep 28, 2026 |
Vivekanand Cotspin IPO Latest News Summary
Vivekanand Cotspin IPO is currently open with a ₹32–₹37 price band and a ₹22.20 crore fresh issue. The company operates across cotton ginning, cotton processing and yarn manufacturing, with an integrated manufacturing facility in Gujarat.
The latest reported GMP is ₹0, while Day 1 subscription stood at around 0.06x overall. Revenue increased significantly in FY2026, although profit declined compared with the previous year. Investors can track subscription demand and GMP movement during the remaining two days of the IPO.
Disclaimer: IPO GMP is an unofficial and unregulated market indicator and may change at any time. Subscription figures are updated during the IPO period and may differ depending on the reporting time. This article is for informational purposes only and should not be considered investment advice.
