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Siddhi Cotspin IPO
Price Band
₹102.0–108.0
Issue Size
₹69.85 Cr
Lot Size
1,200 shares
Min Investment
₹259,200
2 LOTS MIN
GMP
—
Issue Price
₹108.0
Siddhi Cotspin IPO AI Summary
- Siddhi Cotspin IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹102.0–₹108.0 per share, lot size 1,200 shares (min. investment ₹259,200, 2 lots minimum).
- Subscription window: 19 Sep–23 Sep 2025, listing on 26 Sep 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Siddhi Cotspin IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Siddhi Cotspin IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2015, Siddhi Cotspin is engaged in manufacturing and selling cotton yarns, including value-added and specialty yarns. The company offers a wide range of value-added cotton yarns, including Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, among others. In addition, we manufacture TFO Double Yarn, which adds strength and durability. It supply products to textile manufacturers, garment exporters, and distributors, focusing on quality, reliability, and timely delivery. Over time, we have built strong and long-term customer relationships It has a manufacturing facility in Dholi, Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles. The unit has an annual production capacity of about 90,11,850 kgs of cotton yarn and 2,70,35,550 for value-added yarns. The manufacturing facility is equipped with advanced, automated machinery that ensures high productivity and consistent quality. A skilled technical team oversees the spinning process using modern technology and strict quality controls at every stage, from raw material to final product. We also follow sustainable practices by minimizing waste, conserving energy, and reducing environmental impact. Strengths Experienced Promoter and Management Team Best Quality Standard Strong and diversified supplier base Optimal Utilization of Resources Long-standing relationships with our customers
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 182.83 | 181.25 | 184.13 |
| Total Income | 724.66 | 581.18 | 199.88 |
| Profit After Tax | 13.08 | 12.18 | 6.02 |
| EBITDA | 32.87 | 34.72 | 25.10 |
| NET Worth | 79.44 | 66.36 | 54.18 |
| Reserves and Surplus | 59.98 | 46.90 | 49.75 |
| Total Borrowing | 67.11 | 90.58 | 113.78 |
Key Ratios
EPS
₹6.72
NAV
₹40.82
ROE
17.95%
ROCE
14.88%
RoNW
16.47%
P/B Value
2.65
P/E Ratio
16.06
Market Cap
₹263.59 Cr
PAT Margin
1.81%
Debt/Equity
0.84
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| United Polyfab Gujarat Limited | 42.41 | 18.18% | 19.39 | 7.71 |
| Pashupati Cotspin Limited | 86.8 | 10.64% | 68.62 | 9.11 |
| Lagnam Spintex Limited | 68.41 | 10.64% | 12.84 | 7.28 |
| Siddhi Cotspin Ltd. This IPO | 40.82 | 16.47% | — | 6.72 |
Promoters
Navin Saraogi and Aansh Rajesh Bindal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the Company 25.10 2 Repayment or prepayment of all or a portion of certain outstanding borrowings 8.97 3 General Corporate Purposes 13.16 4 Issue Expenses 8.07 Total 55.30
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹199.88 Cr in the year ending 31 Mar 2023, rising to ₹581.18 Cr by 31 Mar 2024, and further increasing to ₹724.66 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹6.02 Cr in the year ending 31 Mar 2023, increasing to ₹12.18 Cr by 31 Mar 2024, and further rising to ₹13.08 Cr by 31 Mar 2025.
Valuation
Siddhi Cotspin's implied P/E at the issue price of ₹108.0 is approximately 16.06, compared to peers trading at a P/E range of 12.84 to 68.62.
Grey Market Premium, Explained
The grey market refers to the unofficial market where shares are traded before their official listing. It provides an indication of the demand for an IPO based on the price at which shares are traded in this market, known as the grey market premium (GMP). A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's important to consider the company's fundamentals and growth potential before making a decision.
Who May Want to Wait
Investors who prefer stable investments with less volatility may want to avoid IPOs like this, which can be subject to price fluctuations and market risks.
Listing Gains — The Risk
Listing-day gains can vary significantly based on market conditions and investor sentiment. While some IPOs may see a rise in share price on their first day of trading, others may not. It's important to understand that past performance is not indicative of future results, and there are risks involved in trading on listing day.
This evaluation is generated from Siddhi Cotspin's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Siddhi Cotspin IPO?
The price band of Siddhi Cotspin IPO is ₹102.0–₹108.0 per share.
When does Siddhi Cotspin IPO open and close?
Siddhi Cotspin IPO opens on 19 September 2025 and closes on 23 September 2025.
When does Siddhi Cotspin IPO list on the stock exchange?
Siddhi Cotspin IPO listed on 26 September 2025 at ₹108.0.
What is the lot size for Siddhi Cotspin IPO?
The lot size for Siddhi Cotspin IPO is 1200 shares, requiring a minimum investment of ₹259,200 (2 lots).
What is the lot size for the Siddhi Cotspin IPO?
The lot size for the Siddhi Cotspin IPO is 1200 shares.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹259,200.
What is the price band for the Siddhi Cotspin IPO?
The price band for the Siddhi Cotspin IPO is between ₹102.0 and ₹108.0.
When does the Siddhi Cotspin IPO open and close?
The Siddhi Cotspin IPO opens on 19 September 2025 and closes on 23 September 2025.
When is the listing date for the Siddhi Cotspin IPO?
The listing date for the Siddhi Cotspin IPO is 26 September 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Sep 2025
Close
23 Sep 2025
Allotment
24 Sep 2025
Listing
26 Sep 2025
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