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Vivekanand Cotspin IPO
📅 Founded: 2015
📍 Kadi, Gujarat
👥 146 employees
🌐 vcottonexport.com
📋 Face Value: ₹10
🏦 Market Cap: ₹82 Cr
Price Band
₹32 – ₹37
Issue Size
₹24.05 Cr
Lot Size
3000 shares
Min. Investment
₹2,22,000
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
28 Sep 2026
Registrar
MUFG Intime India
Vivekanand Cotspin IPO at a glance
Vivekanand Cotspin IPO was an SME issue of ₹24.05 Cr at a price band of ₹32 – ₹37 per share, open from 21 Sep 2026 to 23 Sep 2026. The shares listed on BSE SME on 28 Sep 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹21 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹24.05 Cr
Face Value₹10
Market Cap (at issue)₹82 Cr
Listing ExchangeBSE SME
📅 Open Date21 Sep 2026
🔒 Close Date23 Sep 2026
✂️ Cut-off Price Date23 Sep 2026
🎟️ Allotment Date24 Sep 2026
💸 Refund Initiation25 Sep 2026
📂 Demat Credit25 Sep 2026
📈 Listing Date28 Sep 2026
Objects of the Issue
- 💰 Capital expenditure on plant and machinery — ₹5.27 Cr
- 💰 Working capital — ₹11 Cr
- 💰 General corporate purposes — ₹3.24 Cr
About the Company
Vivekanand Cotspin, based in Kadi, Gujarat, processes cotton and makes cotton yarn through ginning and spinning operations. It produces carded and combed yarn for domestic and export markets.
Strengths
- ✅ Runs both cotton ginning and spinning, so raw cotton is processed in-house
- ✅ Installed capacity of about 4,550 tonnes of yarn and 8,000 tonnes of bales a year
- ✅ Located in Kadi, close to Gujarat's cotton-growing belt
Risk Factors
- ⚠️ Very thin net margin — PAT was under 1% of income in FY26
- ⚠️ Profit dipped in FY26 even as income rose
- ⚠️ Earnings depend on cotton prices, which swing with monsoon and global demand
- ⚠️ Borrowings were higher than net worth before the IPO
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
100%
Pre-IPO
→ -27.0%
73.03%
Post-IPO
Founders & Leadership
NP
Nirav Bharatbhai Patel
Promoter
Promoter of the company
JP
Jasmin Vishnubhai Patel
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
21 Sep 2026
✓
Close Date
23 Sep 2026
✓
Allotment Date
24 Sep 2026
✓
Listing Date
28 Sep 2026
Key Financials
Revenue₹409.32 Cr
PAT₹3.69 Cr
EPS₹1.62
P/E Ratio22.84x
ROE15.96%
Market Cap₹82 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| 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 |
| Total Borrowing | 45.00 | 54.76 | 40.02 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 12.75 | 23.58 |
| EBITDA Margin (%) | 3.69 | 5.01 |
| Debt / Equity | 1.55 | 3.17 |
| Net Worth (Rs. Cr) | 28.94 | 17.26 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹1.62 | — |
| P/E (x) | 22.84x | — |
| ROE (%) | 15.96% | — |
| Promoter Holding | 100% | 73.03% |
| Market Cap | ₹82 Cr | |
IPO Registrar
Vivekanand Cotspin IPO FAQs
Vivekanand Cotspin IPO is an SME IPO with an issue size of ₹24.05 Cr at a price band of ₹32 – ₹37. Minimum lot size is 3000 shares and the minimum application is 2 lots (minimum investment ~₹2,22,000). Opened on 21 Sep 2026 and closed on 23 Sep 2026. Listed on BSE SME. Registrar: MUFG Intime India.