Vivekanand Cotspin IPO IPO
Vivekanand Cotspin IPO is a Book Built SME IPO of ₹24.05 Crore consisting entirely of a Fresh Issue of 65,00,000 equity shares. There is no Offer for Sale in the issue. The price band is fixed at ₹32 to ₹37 per share and the IPO is proposed to be listed o
Vivekanand Cotspin IPO IPO Details
Vivekanand Cotspin IPO opens for subscription on September 21, 2026 and closes on September 23, 2026. The basis of allotment is expected to be finalized on September 24, 2026. The shares are proposed to be listed on BSE SME on September 28, 2026.
Vivekanand Cotspin IPO IPO Timeline (Tentative)
Vivekanand Cotspin IPO will open for subscription on September 21, 2026 and close on September 23, 2026. The allotment is expected on September 24, 2026, followed by refunds and credit of shares on September 25, 2026. The shares are scheduled to list on BSE SME on September 28, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Sep 21, 2026 |
| IPO Close Date | Wed, Sep 23, 2026 |
| Basis of Allotment | Thu, Sep 24, 2026 |
| Initiation of Refunds | Fri, Sep 25, 2026 |
| Credit of Shares to Demat | Fri, Sep 25, 2026 |
| Listing Date | Mon, Sep 28, 2026 |
| IPO Opens | September 21, 2026 |
| IPO Closes | September 23, 2026 |
| Basis of Allotment | September 24, 2026 |
| Refund Initiation | September 25, 2026 |
| Credit of Shares to Demat | September 25, 2026 |
| Listing Date | September 28, 2026 |
Vivekanand Cotspin IPO IPO Lot Size
The lot size for Vivekanand Cotspin IPO is 3,000 shares. Retail investors are required to apply for a minimum of 2 lots amounting to ₹2,22,000 at the upper price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,22,000 |
| Retail (Max) | 2 | 6,000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9,000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27,000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30,000 | ₹11,10,000 |
Vivekanand Cotspin IPO IPO Reservation
Vivekanand Cotspin IPO comprises a total issue size of 60,00,000 shares available to the public after market maker allocation. Out of the net issue, 50% is reserved for QIB investors, 15% for NII investors and 35% for Retail investors.
Vivekanand Cotspin IPO IPO Subscription
Subscription data will be updated after the IPO opens for bidding.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Vivekanand Cotspin IPO
Vivekanand Cotspin Limited was incorporated in July 2015 and is engaged in cotton processing, cotton ginning, spinning and yarn manufacturing activities. The company produces cotton bales, cotton seeds and cotton yarn and operates through an integrated business model covering both ginning and spinning operations.
The company manufactures carded and combed cotton yarns for domestic as well as international markets. Its products are supplied to various textile and fabric manufacturing industries requiring quality yarn for further processing.
The manufacturing facility is located at Rangpurda, Kadi, Mahesana District, Gujarat. The facility benefits from proximity to major cotton-growing regions of Gujarat and Maharashtra and has an annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales.
As of May 30, 2026, the company had 146 employees on its payroll.
Strengths
- Forward integration into the cotton textile industry.
- Cost-effective production capabilities.
- Scalable business model.
- Strong focus on quality yarn manufacturing.
- Experienced promoter group.
Risks to Consider
- Dependence on cotton prices and availability.
- Exposure to textile industry demand cycles.
- Working capital intensive operations.
- Competition from established textile manufacturers.
- Dependence on domestic and export market demand.
Vivekanand Cotspin IPO Financials (₹ Cr)
Vivekanand Cotspin reported strong revenue growth during FY2026. Revenue increased to ₹409.32 crore in FY2026 from ₹290.94 crore in FY2025. The company reported PAT of ₹3.69 crore during FY2026. Net worth increased to ₹28.94 crore as of March 31, 2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2026 | ₹409.32 Cr | ₹3.69 Cr | ₹84.85 Cr | ₹28.94 Cr |
| FY2025 | ₹290.94 Cr | ₹4.07 Cr | ₹87.53 Cr | ₹17.26 Cr |
| FY2024 | ₹358.02 Cr | ₹3.35 Cr | ₹84.83 Cr | ₹20.62 Cr |
KPIs & Valuation
At the upper price band of ₹37 per share, Vivekanand Cotspin is valued at approximately 16.30x pre-issue earnings and 22.84x post-issue earnings. The company reported ROE of 15.96%, ROCE of 13.14% and NAV of ₹17.81 per share as of March 31, 2026.
Objects of the Issue
The company proposes to utilize the net proceeds from the IPO primarily for capital expenditure, working capital requirements and general corporate purposes.
- The company proposes to utilise the IPO proceeds for:
- Funding capital expenditure requirement towards installation of additional plant and machinery.
- Meeting working capital requirements.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Vivekanand Cotspin Limited is promoted by 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 IPO has Swastika Investmart Limited as the Book Running Lead Manager and MUFG Intime India Private Limited as the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | MUFG Intime India Private Limited |
|---|---|
| Phone | 022-49186000 |
| vivekanand.smeipo@linkintime.co.in | |
| Website | https://in.mpms.mufg.com/ |
Vivekanand Cotspin IPO IPO Review
Vivekanand Cotspin Limited operates in the cotton processing and yarn manufacturing segment with an integrated ginning and spinning business model. The company manufactures cotton yarn, cotton bales and cotton seeds and caters to domestic as well as export markets. Its manufacturing facility in Gujarat is strategically located near major cotton-growing regions, helping the company source raw materials efficiently.
The company has reported significant growth in revenue over the last three financial years. Revenue increased from ₹290.94 crore in FY2025 to ₹409.32 crore in FY2026. The company also maintains a sizable manufacturing setup with annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales.
The IPO proceeds are proposed to be utilized towards installation of additional plant and machinery, working capital requirements and general corporate purposes, which may support future business expansion.
However, the business remains exposed to fluctuations in cotton prices, changes in demand from textile manufacturers, export market conditions and industry competition. Investors should review the RHP and company disclosures carefully before making an investment decision.
How to Apply
Vivekanand Cotspin IPO applications can be submitted through ASBA or UPI-supported broker platforms.
Through UPI
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Login to your stock broker account.
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Visit the IPO section.
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Select Vivekanand Cotspin IPO.
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Enter the number of lots you wish to apply for.
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Enter your bid price or select Cut-Off (if available).
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Provide your UPI ID.
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Submit the application.
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Approve the mandate request in your UPI application.
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The application amount will be blocked in your account until allotment.
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If allotted, funds will be debited. Otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the DRHP, RHP and Prospectus for detailed information regarding the company, business operations, financial performance, risk factors, management, issue structure and utilization of IPO proceeds.
Last updated Sep 16, 2026.