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Vivekanand Cotspin IPO
2.17xsubscribed

Vivekanand Cotspin IPO

Textile
listed
₹1.92LMin. investment

Vivekanand Cotspin Limited IPO Details

SectorTextile
Price range₹32.00 – ₹37.00
IPO type
SME
Lot size3000 shares
Issue size₹24Cr
Red Herring Prospectus
Read
Market cap
₹82.33CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹408.01CrLower than sector avg
Growth rate3Y CAGR
6.85%

Vivekanand Cotspin IPO Subscription Status

Date
QIB
NII
Retail
Total
21-Sep-26
0.0 times (X)
0.79 times (X)
0.04 times (X)
0.09 times (X)
22-Sep-26
0.0X
2.09X
0.2X
0.29X
23-Sep-26
1.26X
8.29X
1.81X
2.17X

As on 21-Sep-26, 5:00 PM

Vivekanand Cotspin IPO Timeline

  1. Pre-apply
    18 Sep 2026
  2. Bid start
    21 Sep 2026
  3. Bid end
    23 Sep 2026
  4. Allotment
    24 Sep 2026
  5. Release of funds
    25 Sep 2026
  6. Demat transfer
    25 Sep 2026
  7. Listing
    28 Sep 2026

About Vivekanand Cotspin Limited

Vivekanand Cotspin processes cotton and manufactures yarn through two linked operations: ginning raw cotton (kapas) into cotton bales and cotton seed, and spinning cotton bales into cotton yarn. It also trades cotton bales and yarn to meet customer requirements.
The company operates from its manufacturing unit at Rangpurda, Kadi, Mahesana, Gujarat. Cotton yarn contributed 52.1% of FY26 product revenue, followed by cotton bales at 38.7%, cotton seed at 6.7%, cotton yarn waste at 2.3% and others at 0.07%. The mix changed materially from FY24, when cotton bales formed 59.56% and cotton yarn 27.53% of product revenue. Manufacturing accounted for 99.01% of FY26 revenue from operations and other operating revenue accounted for 0.99%.
Domestic sales represented 89.7% of FY26 product revenue and international sales represented 10.2%. Gujarat alone contributed 81.21%. Export revenue was ₹41.37 crore across Bangladesh, China, Indonesia, Portugal, South Africa and Vietnam, compared with ₹31.91 crore, or 9.02% of product revenue, in FY24. The raw cotton is generally procured locally, including from the Kadi and Saurashtra regions.
Annual installed capacity is 8,000 MT for cotton bales and 4,551 MT for cotton yarn. Bale production increased from 6,556 MT in FY24 to 7,425 MT in FY26, lifting utilisation from 81.9% to 92.8%. Yarn production declined from 3,703 MT to 3,051 MT over the same period, reducing utilisation from 81.3% to 67.1%.
The customer base includes local fabric producers, corporate buyers, textile manufacturers, distributors and overseas markets. The top ten customers accounted for 51.1% of the relevant FY26 revenue base, down from 88.7% in FY24. Ambica Cotseeds Limited, a related entity with export infrastructure and customer relationships, serves as a channel through which cotton yarn and cotton bales are sold to international customers.

Checklist

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Objectives of Vivekanand Cotspin Limited IPO

Working capital
50.00%
The firm will allocate ₹11.00 crore for FY27 and FY28 working capital needs.
General corporate purposes
26.10%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Capital expenditure
23.90%
The company will utilise ₹5.26 crore to purchase plant and machinery

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹408.01Cr6.85%₹3.69Cr₹82.33Cr15.101.56
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Vivekanand Cotspin IPO Contact Details

Company NameVivekanand Cotspin Limited

How to apply for Vivekanand Cotspin IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Vivekanand Cotspin Limited IPO FAQs

Investors can apply for the Vivekanand Cotspin IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Vivekanand Cotspin IPO is 24 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Vivekanand Cotspin IPO will be open between 2026-09-21 and 2026-09-23.
Vivekanand Cotspin IPO allotment date is 2026-09-25. For Vivekanand Cotspin IPO allotment status check, you can visit the website of the registrar of the IPO.
For Vivekanand Cotspin IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Vivekanand Cotspin IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Vivekanand Cotspin IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Vivekanand Cotspin IPO lot size is 3000 and minimum order quantity is 6000.
Vivekanand Cotspin IPO has set the price band for its IPO at 37 per equity share with a face value of 10.