Vivekanand Cotspin IPO: Price Band, Lot Size, Financials & Review
Vivekanand Cotspin IPO listed on BSE on Mon, 28 Sep 2026. The issue was subscribed 1.87x overall.
- Open Date
- 21 Sep 2026
- Close Date
- 23 Sep 2026
Last updated
- Price band
- ₹32 – ₹37
- Lot size
- 3,000 shares
- Min. investment
- ₹2,22,000
- Issue size
- ₹24.05 Cr
- Last GMP
- 0
- Subscribed
- 🔥 1.87x
Vivekanand Cotspin IPO details
Vivekanand Cotspin IPO is a ₹24.05 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Mon, 21 Sep 2026 to Wed, 23 Sep 2026. Allotment was finalised on Thu, 24 Sep 2026, and the shares listed on BSE on Mon, 28 Sep 2026.
The price band is ₹32 to ₹37 per share and the lot size is 3000 shares, so the minimum retail application is ₹2,22,000. Retail investors can apply for up to 2 lots (6,000 shares, ₹2,22,000).
MUFG Intime India Pvt Ltd is the registrar, and Swastika Investmart Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Vivekanand Cotspin IPO GMP before listing was 0 (0.00% against the upper price band of ₹37), implying an estimated listing price of ₹37. Across 10 days of tracking, GMP ranged from 0 (19 Sep) to 0 (19 Sep).
| Last GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹37 |
| Highest (19 Sep) | 0 |
| Lowest (19 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Vivekanand Cotspin IPO day-wise GMP.
Subscription
Day-wise subscription →Vivekanand Cotspin IPO was subscribed 1.87x overall: QIB 1.26x, NII 2.76x and retail 1.83x.
| Category | Subscribed |
|---|---|
| QIB | 1.26x |
| NII | 2.76x |
| └ bNII (above ₹10 lakh) | 3.52x |
| └ sNII (₹2–10 lakh) | 1.26x |
| Retail | 1.83x |
| Total | 1.87x |
Final figures at the close of bidding on 23 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Vivekanand Cotspin IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 17,10,000 | 30.00% |
| Qualified Institutions | 11,40,000 | 20.00% |
| Non-Institutional | 8,55,000 | 15.00% |
| └ BNII | 5,70,000 | 10.00% |
| └ SNII | 2,85,000 | 5.00% |
| Retail Investors | 19,95,000 | 35.00% |
| Total | 57,00,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Vivekanand Cotspin IPO lot size
| 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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹37, the issue is priced at 16.30x pre-issue earnings and 22.84x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 15.82x (2 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹2.27 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 16.30x |
| EPS (post-issue) EPS on the enlarged share capital | ₹1.62 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 22.84x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 0.00% |
Vivekanand Cotspin Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹290.94 Cr to ₹409.32 Cr, and profit after tax fell from ₹4.07 Cr to ₹3.69 Cr. The PAT margin for 31 Mar 2026 was 0.90%.
| 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 |
| Reserve & Surplus | 12.69 | 2.26 | 5.62 |
| Total Borrowings | 45.00 | 54.76 | 40.02 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 15.96 | 26.09 | 11.72 |
| ROCE % | 13.14 | 12.16 | 13.41 |
| Debt / Equity | 1.56 | 3.17 | 1.94 |
| RoNW % | 15.96 | 26.09 | 11.72 |
| Pat Margin % | 0.90 | 1.35 | 0.94 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Vivekanand Cotspin Ltd | 10 | — | 2.45 | 2.45 | 15.96% | 17.81 |
| Deepak Spinners Ltd | 10 | 22.11 | 5.06 | 5.06 | 1.60% | 319.10 |
| Lagnam Spintex Ltd | 10 | 9.52 | 8.14 | 8.14 | 11.23% | 76.60 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding Capital Expenditure requirements towards Plant & Machinery |
| 2 | To meet Working Capital requirements |
| 3 | General Corporate Purposes |
About Vivekanand Cotspin Limited
Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in the processing of cotton and manufacturing of cotton yarn through its ginning and spinning operations, along with trading activities. The company’s product portfolio comprises cotton bales, cotton seeds, and cotton yarn.
The company operates primarily across two business segments: cotton ginning and cotton spinning. Its ginning operations involve processing raw cotton to produce clean cotton fibres, while its spinning operations convert these fibres into high-quality yarn.
Vivekanand Cotspin offers both carded and combed cotton yarn to customers in domestic and international markets. Its yarn caters to various textile applications and industries involved in fabric manufacturing. The company operates spinning mills equipped with modern and efficient machinery, supported by quality-control processes aimed at maintaining consistency in product quality.
The company’s manufacturing facility is located at Rangpurda, Kadi, in the Mahesana District of Gujarat. The facility is strategically positioned close to major cotton-growing regions of Maharashtra and Saurashtra in Gujarat, providing access to cotton procurement markets and supporting the company’s manufacturing operations.
Vivekanand Cotspin Limited has an annual production capacity of approximately 4,550 tonnes of cotton yarn and 8,000 tonnes of cotton bales.
As of May 30, 2026, the company had 146 employees on its payroll.
Promoters
- Mr. Nirav Bharatbhai Patel
- Mr. Jasmin Vishnubhai Patel
- Mr. Bharatbhai Prahaladbhai Patel
- Mr. Vishnubhai Prahaladdas Patel
- Mr. Gautam Bharatkumar Patel
- B P Patel Family Trust
- V P Patel Family Trust
Contact details
Vivekanand Cotspin Ltd.
S/No 181/1, 182/1
At Rangpurda,Kadi
Mahesana, Gujarat, 382715
Tel. No.: +91 9227825102
E-mail: cs@vcottonexport.com
Website:https://www.vcottonexport.com/
Vivekanand Cotspin IPO FAQs
- What is the Vivekanand Cotspin IPO price band?
- The Vivekanand Cotspin IPO price band is ₹32 to ₹37 per share.
- What is the Vivekanand Cotspin IPO lot size and minimum investment?
- The Vivekanand Cotspin IPO lot size is 3000 shares. The minimum retail investment is ₹2,22,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (6,000 shares), costing ₹2,22,000.
- When was Vivekanand Cotspin IPO open for subscription?
- Vivekanand Cotspin IPO was open for subscription from Mon, 21 Sep 2026 to Wed, 23 Sep 2026.
- What is the Vivekanand Cotspin IPO subscription status?
- Vivekanand Cotspin IPO was subscribed 1.87x overall: QIB 1.26x, NII 2.76x and retail 1.83x. Day-wise and category-wise figures are on the subscription page.
- What was the Vivekanand Cotspin IPO GMP before listing?
- The last Vivekanand Cotspin IPO GMP before listing was 0 (0.00% against the upper price band of ₹37), implying an estimated listing price of ₹37. Across 10 days of tracking, GMP ranged from 0 (19 Sep) to 0 (19 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Vivekanand Cotspin IPO allotment date?
- The Vivekanand Cotspin IPO basis of allotment was finalised on Thu, 24 Sep 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Vivekanand Cotspin IPO listing date?
- Vivekanand Cotspin IPO listed on BSE on Mon, 28 Sep 2026.
- Is the Vivekanand Cotspin IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Vivekanand Cotspin IPO?
- The registrar for the Vivekanand Cotspin IPO is MUFG Intime India Pvt Ltd, and the book running lead manager is Swastika Investmart Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.