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Vivekanand Cotspin IPO
Price Band
₹32.0–37.0
Issue Size
₹22.2 Cr
Lot Size
3,000 shares
Min Investment
₹222,000
2 LOTS MIN
GMP
—
Issue Price
₹37.0
Vivekanand Cotspin IPO AI Summary
- Vivekanand Cotspin IPO is listed on BSE SME in the Other Textile Products sector.
- Price band: ₹32.0–₹37.0 per share, lot size 3,000 shares (min. investment ₹222,000, 2 lots minimum).
- Subscription window: 21 Sep–23 Sep 2026, listing on 28 Sep 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.79x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.26x
|
1.26x |
| NII (HNI) |
2.41x
|
2.41x |
| ↳ bNII (>₹10L) |
2.99x
|
2.99x |
| ↳ sNII (<₹10L) |
1.26x
|
1.26x |
| Retail (RII) |
1.82x
|
1.82x |
| Total | 1.79x | 1.79x |
Auto-updated every 5 min · As of 23rd Sep 2026 18:56
Vivekanand 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 July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading. The company's products include cotton bales, seeds, and yarn. The company operates in two primary areas: cotton ginning and spinning. The company focuses on spinning clean cotton fibres into yarn. The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India. It operates spinning mills with efficient machinery to uphold quality control. The company’s manufacturing facility is located in Rangpurda, Kadi, within the Mahesana District of Gujarat, close to the fertile cotton-growing regions of Maharashtra and Saurashtra in Gujarat. The company has established an annual production capacity of approximately 4,550.51 tons of cotton yarn and 8,000 tons of cotton bales. As of September 30, 2024, the Company has 144 employees on payroll. Competitive Strength Establishing the Spinning Unit has achieved forward integration into the cotton textile industry. Cost-effective production and timely fulfilment of orders. Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale. Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry. Experienced Promoters.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 84.85 | 87.53 | 84.83 |
| Total Income | 409.32 | 290.94 | 358.02 |
| Profit After Tax | 3.69 | 4.07 | 3.35 |
| EBITDA | 15.09 | 14.59 | 14.59 |
| NET Worth | 28.94 | 17.26 | 20.62 |
| Reserves and Surplus | 12.69 | 2.26 | 5.62 |
| Total Borrowing | 45.00 | 54.76 | 40.02 |
Key Ratios
EPS
₹2.27
NAV
₹17.81
ROE
15.96%
ROCE
13.14%
RoNW
15.96%
P/B Value
2.08
P/E Ratio
16.3
Market Cap
₹84.17 Cr
PAT Margin
0.90%
Debt/Equity
1.56
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Pashupati Cotspin Ltd | 76.6 | 11.23% | 9.52 | 8.14 | 8.14 |
| Deepak Spinners Ltd | 319.1 | 1.6% | 22.11 | 5.06 | 5.06 |
| Vivekanand Cotspin Ltd This IPO | 17.81 | 15.96% | — | 2.45 | 2.45 |
Promoters
Nirav Bharatbhai Patel, Jasmin Vishnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel, Gautam Bharatkumar Patel, B P Patel Family Trust, V P Patel Family Trust
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 for capital expenditure requirement towards installation of additional plant and machinery 5.27 2 To meet Working Capital requirements 11.00 3 General Corporate Purposes 3.24 4 Issue Expenses 2.69 Total 22.20
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹358.02 Cr in the year ending 31 Mar 2024, increasing to ₹290.94 Cr by 31 Mar 2025, and then rising to ₹409.32 Cr by 31 Mar 2026. This indicates a recovery in revenue growth after a dip in the previous year.
Profit Trend
Profit After Tax was ₹3.35 Cr in the year ending 31 Mar 2024, slightly rising to ₹4.07 Cr by 31 Mar 2025, before decreasing to ₹3.69 Cr by 31 Mar 2026. This shows fluctuations in profitability over the periods.
Valuation
Vivekanand Cotspin Ltd has an EPS of ₹2.45, implying a P/E ratio of 16.3 at the issue price. This is compared to peers like Pashupati Cotspin Ltd, which has a P/E of 9.52, and Deepak Spinners Ltd, which has a P/E of 22.11. This indicates that Vivekanand Cotspin is priced at roughly 16.3 times trailing earnings, versus peers trading between 9.52 and 22.11 times.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. It gives an indication of the potential demand for an IPO based on the price at which shares are traded in this unofficial market.
Subscription Demand
As of 23rd September 2026, the IPO was subscribed 1.79 times overall. The QIB category was subscribed 1.26 times, the NII category was subscribed 2.41 times, and the retail category was subscribed 1.82 times.
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 risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector and has shown fluctuations in profitability.
IPO Timeline, Explained
The IPO opens on 21st September 2026 and closes on 23rd September 2026. Allotment of shares will be done on 24th September 2026, with the listing date set for 28th September 2026.
Listing Gains — The Risk
Listing gains refer to the profit made by investors when shares are sold on the stock exchange shortly after the IPO. However, there is always a risk that the stock may not perform well on the listing day due to market conditions or investor sentiment.
This evaluation is generated from Vivekanand 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 Vivekanand Cotspin IPO?
The price band of Vivekanand Cotspin IPO is ₹32.0–₹37.0 per share.
When does Vivekanand Cotspin IPO open and close?
Vivekanand Cotspin IPO opens on 21 September 2026 and closes on 23 September 2026.
When does Vivekanand Cotspin IPO list on the stock exchange?
Vivekanand Cotspin IPO listed on 28 September 2026 at ₹37.0.
What is the lot size for Vivekanand Cotspin IPO?
The lot size for Vivekanand Cotspin IPO is 3000 shares, requiring a minimum investment of ₹222,000 (2 lots).
What is the price band for the Vivekanand Cotspin IPO?
The price band for the Vivekanand Cotspin IPO is ₹32.0 to ₹37.0.
What is the minimum investment required?
The minimum investment required is ₹222,000 for a lot size of 3000 shares.
When does the IPO open and close?
The IPO opens on 21st September 2026 and closes on 23rd September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the price at which shares are traded in the grey market before listing.
When will the shares be allotted?
The shares will be allotted on 24th September 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Sep 2026
Close
23 Sep 2026
Allotment
24 Sep 2026
Listing
28 Sep 2026
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