Vivekanand Cotspin IPO Latest News: GMP, Day 2 Subscription and Key Details

Vivekanand Cotspin IPO Subscription Update

Vivekanand Cotspin IPO opened for subscription on September 21, 2026, and will close on September 23. The BSE SME issue is entirely a fresh issue. The reported issue size is ₹22.20 crore, although some market sources show ₹24.05 crore based on 65 lakh shares. The price band is ₹32–₹37 per share.

*Some sources report the issue size as approximately ₹24.05 crore. Investors should refer to the final offer document for the definitive figure.

Vivekanand Cotspin IPO GMP Today

The latest available grey-market information indicates Vivekanand Cotspin IPO GMP at around ₹0. At the upper price band of ₹37, this gives an unofficial indicative price of approximately ₹37.

GMP is an unofficial and unregulated market indicator and can change before listing.

Vivekanand Cotspin IPO Day 1 Subscription

Vivekanand Cotspin IPO recorded 0.07x overall subscription on Day 1, based on exchange-linked data as of 5:00 PM on September 21. NII subscription stood at 0.19x, while retail subscription was 0.05x. QIB subscription excluding anchors was yet to be recorded.

The IPO remains open until September 23, so the subscription numbers can change during the remaining bidding sessions.

Vivekanand Cotspin Business Overview

Vivekanand Cotspin operates in the cotton processing and yarn manufacturing industry. Its integrated operations include ginning raw cotton into cotton bales and spinning cotton bales into cotton yarn.

The company is based at Rangpurda, Kadi in Mahesana, Gujarat, placing its manufacturing operations within an important cotton-producing region. Its product portfolio includes cotton bales, cotton seeds, cotton yarn and yarn waste by-products.

The company caters to domestic buyers as well as international customers, giving its business exposure to both local textile demand and export markets.

Vivekanand Cotspin IPO Financial Performance

Vivekanand Cotspin recorded significant revenue growth in FY2026. Revenue increased to approximately ₹409.32 crore, while PAT stood at around ₹3.69 crore.

The FY2026 figures show higher operating scale, although profit declined from FY2025 despite the increase in revenue. This makes margins and cotton-related input costs important factors when assessing future performance.

Vivekanand Cotspin Manufacturing Capacity

The company has an integrated manufacturing setup covering cotton ginning and yarn spinning. Its reported production capability includes approximately 8,000 tonnes of cotton bales and 4,550 tonnes of yarn annually.

The integrated model allows the company to process raw cotton and manufacture yarn within its operations, while also generating additional products such as cotton seeds and yarn waste.

Vivekanand Cotspin IPO Fund Utilisation

The IPO proceeds are planned for manufacturing expansion, working capital and general corporate requirements.

The plant and machinery allocation is intended to strengthen production capabilities, while working-capital funding is important for a cotton-processing business where inventory and operating requirements can be substantial.

Vivekanand Cotspin IPO Key Business Factors

Vivekanand Cotspin's integrated ginning and spinning operations provide exposure to multiple stages of the cotton-processing value chain. Its location in Kadi, Gujarat, is also close to cotton-producing markets.

The company has both domestic and export customers and can generate revenue from cotton bales, yarn and related by-products. However, the performance of the business remains closely linked to cotton availability, prices and textile-market conditions.

Vivekanand Cotspin IPO Key Risks

Raw-cotton prices and seasonal agricultural supply can have a direct impact on the company's costs and margins. Changes in textile demand can also influence the selling prices and volumes of cotton yarn and other products.

The company has significant revenue exposure to a limited number of customers and related-party transactions are also a factor to monitor. Its manufacturing facilities are located on leased premises from promoters, which creates additional dependence on those arrangements. Foreign-exchange movements can also affect export realisations.

The company also operates in the SME segment, where listed shares can have lower liquidity and greater price volatility than mainboard stocks.

Vivekanand Cotspin IPO Important Dates

The IPO opened on September 21 and will close on September 23, 2026. The basis of 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.

Vivekanand Cotspin IPO Latest News Summary

Vivekanand Cotspin IPO is currently open with a ₹32–₹37 price band. The latest Day 1 data shows 0.07x overall subscription, with NII at 0.19x and retail at 0.05x as of 5:00 PM on September 21.

The latest GMP indication is around ₹0. The company operates an integrated cotton ginning and yarn-spinning business in Gujarat and reported FY2026 revenue of approximately ₹409.32 crore and PAT of ₹3.69 crore.

With one more full day of bidding remaining, subscription demand and any movement in the grey market will be the key updates before the IPO closes on September 23.

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.