Vivekanand Cotspin Limited IPO
Closed21–23 Sep 2026
Latest update:
Subscribed 1.86× (QIB 1.3× · NII 2.8× · Retail 1.8×) · Price band ₹35–₹37 · Closed 23 Sep 2026 · Allotment 24 Sep 2026 (Confirmed) · Lists 28 Sep 2026 (Expected)
What Vivekanand Cotspin Limited does
Our company is engaged in the business of cotton processing and yarn manufacturing, comprising ginning of raw cotton (kapas) into cotton bales and cotton seed, and spinning of cotton bales into cotton yarn. In addition to its manufacturing activities, the Company also undertakes trading of cotton bales and cotton yarn in the ordinary course of business to meet customer requirements and optimize business opportunities.
Vivekanand Cotspin Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 357 | 290 | 408 | |
| Operating Profit | 15 | 15 | 15 | |
| OPM % | 4.1% | 4.0% | 3.7% | |
| Net Profit | 3 | 4 | 4 | |
| Total Debt | 40 | 55 | 45 |
Vivekanand Cotspin Limited IPO offer structure
Fresh issue: ₹22 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding Capital Expenditure requirements towards Plant & Machinery: ₹5 cr
- To meet Working Capital requirements: ₹11 cr
- General Corporate Purpose
Vivekanand Cotspin Limited promoters and holding
- NIRAV BHARATBHAI PATEL: Chairman & Managing Director
- JASMIN VISHNUBHAI PATEL: Whole Time Director
- BHARATBHAI PRAHALADBHAI PATEL: Non-Executive Director
- VISHNUBHAI PRAHALADDAS PATEL: Non-Executive Director
- GAUTAM BHARATKUMAR PATEL: Promoter
Vivekanand Cotspin Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Forward Integration (p.172)
- Cost effective production and timely fulfillment of orders (p.173)
- Scalable Business Model (p.173)
- Quality Focus (p.173)
- Experienced Promoters (p.173)
- We have engaged in related party transactions and may continue to do so in the future. (p.22)
- Under-utilization of our manufacturing capacities and an inability to effectively utilize our existing manufacturing capacities could have an adverse effect on our business. (p.28)
- There may be potential conflicts of interest if our promoter group entities and group companies get involved in any business activities that compete with or are in the same line of activity as our business operations. (p.30)
- Any fluctuations in cotton prices and availability may pose a significant risk to the Company’s cost of production and profitability. (p.31)
- Dependence on seasonal cotton production may disrupt raw material procurement, impacting manufacturing continuity, production schedules, and profitability. (p.31)
Vivekanand Cotspin Limited peer comparison: DRHP median P/E 15.8x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Deepak Spinners limited | Rs 140.85 -0.3% | 22.1x | 6.5% | 4.6% | live |
| Lagnam Spintex Limited | — | 9.5x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Vivekanand Cotspin Limited market and competition
Our company serves a wide range of customers, including local fabric producers and corporate buyers, in an intensely competitive and fragmented cotton yarn market. The company faces competition not only from smaller, local manufacturers but also from larger, well-established players.
Vivekanand Cotspin Limited outlook, as the document states it
We intend to cater to the increasing demand of our existing customers and also to increase our existing customer base by enhancing the distribution reach of our products in different parts of the country and also around the world. We propose to increase our marketing and sales team which can focus in different regions and also maintain and establish relationship with customers.
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Vivekanand Cotspin Limited IPO: common questions
When does the Vivekanand Cotspin Limited IPO open and close?
The Vivekanand Cotspin Limited IPO is open from 21 Sep 2026 to 23 Sep 2026.
What is the Vivekanand Cotspin Limited IPO price band?
The price band is ₹35–₹37 per share.
What is the lot size and minimum investment for the Vivekanand Cotspin Limited IPO?
One lot is 3000 shares, and a retail application must be at least one lot. That is about ₹2,22,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Vivekanand Cotspin Limited IPO subscribed?
As of 24 Sep 2026 the total subscription is 1.86×.
When are the Vivekanand Cotspin Limited IPO allotment and listing dates?
Allotment is on 24 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the Vivekanand Cotspin Limited IPO allotment status?
On the allotment status page published by MUFG Intime India, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 709 SME IPOs that have listed on the NSE since 2016, 561 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
Vivekanand Cotspin Limited IPO allotment status
Allotment is on 24 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is MUFG Intime India.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →