Vivekanand Cotspin IPO
Day 1 of 3 of bidding · Sept 21, 2026
Vivekanand Cotspin IPO is on Day 1 of 3 of its subscription window. Total subscription stands at 0.06x (NII 0.24x, Retail 0.02x). Bidding closes on Sept 23, 2026 (in 2 days).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 358.02 | 290.94 | 409.32 |
| Expense | 352.77 | 287.55 | 404.19 |
| Profit (PAT) | 3.35 | 4.07 | 3.69 |
| Total Assets | 84.83 | 87.53 | 84.85 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Deepak Spinners Limited | 5.06 | 22.11 | 1.60 | 319.10 | 534.16 Cr |
| Lagnam Spintex Limited | 8.14 | 9.52 | 11.23 | 76.60 | 604.98 Cr |
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
Strengths & Risks
- Revenue grew 41% in the latest reported year.
- Strong return on equity — 16%.
- Thin profit margin — 0.9%.
- Elevated leverage — debt/equity of 1.56.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing through cotton ginning, spinning, and trading activities. The company produces a range of products, including cotton bales, cotton seeds, and various types of yarn. Vivekanand Cotspin operates primarily in two segments: cotton ginning and cotton spinning. The company specialises in converting clean cotton fibres into quality yarn for domestic and international markets. Its product portfolio includes carded and combed cotton yarn, which is supplied to industries involved in fabric manufacturing. With modern spinning facilities and efficient machinery, the company focuses on maintaining quality standards while serving both Indian and export markets.
S/No 181/1, 182/1 At Rangpurda, Kadi Mahesana Gujarat
| Purpose | Amount (Cr) |
|---|---|
| Funding for capital expenditure requirement towards installation of additional plant and machinery | 5.27 |
| To meet Working Capital requirements | 11.00 |
| General Corporate Purpose | - |
Resources & Documents
Vivekanand Cotspin has set a price band of Rs 32–Rs 37 per share for an issue size of Rs 24 crore. The SME issue is currently open for subscription and closes in 2 days on September 23, 2026.
Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing through cotton ginning, spinning, and trading activities. The company produces a range of products, including cotton bales, cotton seeds, and various types of yarn.
The issue is promoted by 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 with Swastika Investmart Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding for capital expenditure requirement towards installation of additional plant and machinery (Rs 5 crore) and To meet Working Capital requirements (Rs 11 crore).
Live demand data shows overall subscription at 0.06x, retail at 0.02x, NII at 0.24x.
On fundamentals, the company is posting revenue growth of 40.7%, a profit margin of 0.9%, return on equity of 16.0% in its most recent reported period. Listed peers in this segment include Deepak Spinners Limited (P/E 22.11x) and Lagnam Spintex Limited (P/E 9.52x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Vivekanand Cotspin IPO GMP — What It Means
No active grey market premium has been recorded for Vivekanand Cotspin IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
See the full Vivekanand Cotspin GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!