Summary
The Initial Public Offering (IPO) of Vivekanand Cotspin will open from September 21, 2026, to September 23, 2026. The price band of the IPO is fixed as ₹32 to ₹37 per share, while the issue size is around ₹22.20 crore.
The company is involved in Cotton ginning, processing, and spinning; Cotton bales, Carded & combed Yarn, cottonseed, and yarn waste. Lot size is 3,000 shares. The minimum application by a retail investor will be 2 lots, i.e., 6,000 shares, which requires an investment of ₹2,22,000. The maximum retail application limit is also ₹2,22,000.
For S-HNI investors, the minimum investment required is ₹3,33,000 for 9,000 shares, and the maximum is ₹9,99,000 for 27,000 shares.
Vivekanand Cotspin IPO is an SME IPO with an issue size of up to ₹22.20 crore, comprising a fresh issue of 60 lakh equity shares. This IPO will run from September 21, 2026, to September 23, 2026. The issue is priced between ₹32 and ₹37 per share, with a lot size of 3,000 shares.
The date for the basis of allotment is September 24, with the credit date of shares being September 25 and the listing date of September 28, 2026, on the BSE SME segment.
The minimum application can be made in 6,000 shares (2 lots), at a cost of ₹2.22 lakh. There is a 50% reservation for QIBs, 15% for NII/HNIs, and 35% for retail investors. The B-HNI minimum is 10 lots containing 30,000 shares amounting to ₹11,10,000.
For S-HNI investors, the minimum investment required is ₹3,33,000 for 9,000 shares, and the maximum is ₹9,99,000 for 27,000 shares. The minimum application by a retail investor will be 2 lots, i.e., 6,000 shares, which requires an investment of ₹2,22,000
Vivekanand Cotspin IPO Key Details
Here is a quick look at the important details of the Vivekanand Cotspin IPO:
| IPO Open Date | 21 September, 2026 |
| Close Date | 23 September, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹32 to ₹37 |
| Issue price | – |
| IPO Lot Size | 3,000 shares |
| Offer for sale | – |
| Fresh issue | 57,00,000 shares (~₹21 cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | 60,00,000 shares (₹22.20 cr) |
| Minimum Investment | ₹2,22,000 (6,000 shares) |
Vivekanand Cotspin IPO Timeline
The key dates for the Vivekanand Cotspin IPO are given below:
| Bidding Opens | 21 September, 2026 |
| Bidding Closes | 23 September, 2026 |
| Allotment Planned For | 24 September, 2026 |
| Refunds Start On | 25 September, 2026 |
| Share Credit to Demat | 25 September, 2026 |
| Listing Scheduled | 28 September, 2026 |
| Cut-off for UPI mandate | 23 September, 2026 5:00 PM |
Vivekanand Cotspin Key Performance Indicators (KPIs)
Vivekanand Cotspin IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 15.96% | 26.09% | 11.72% |
| ROCE (%) | 13.14% | 12.16% | 13.41% |
| Debt-Equity (times) | 1.56 | 3.17 | 1.94 |
| RoNW (%) | 15.96% | 26.09% | 11.72% |
| PAT Margin (%) | 0.90% | 1.35% | 0.94% |
| EBITDA Margin (%) | 3.70% | 3.99% | 4.08% |
| Price Book Value | 2.08 | – | – |
Vivekanand Cotspin IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 8,485.05 | 8,753.15 | 8,483.14 |
| Revenue from operations | 40,801.01 | 36,593.38 | 35,738.81 |
| Profit After Tax | 368.78 | 494.29 | 335.33 |
(Amount in ₹ Lakhs)
Vivekanand Cotspin IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Vivekanand Cotspin IPO Grey Market Premium
The listing date for the Vivekanand Cotspin IPO is expected on 28, September 2026, with a price range of ₹32- ₹37 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| Date | GMP | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 17-09-2026 | ₹0 | ₹37 | 0% | Neutral | 17-09-2026 10:50 |
| 16-09-2026 | ₹0 | ₹37 | 0% | Neutral | 16-09-2026 11:15 |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Vivekanand Cotspin IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | 3,00,000 |
| QIB | 28,50,000 |
| NIIs | 8,55,000 |
| Retail Investors | 19,95,000 |
| Total Shares | 60,00,000 |
Vivekanand Cotspin IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 2 | 6,000 | ₹2,22,000 |
| Individual Investor – Maximum | 2 | 6,000 | ₹2,22,000 |
| S-HNI Minimum | 3 | 9,000 | ₹3,33,000 |
| S-HNI Maximum | 9 | 27,000 | ₹9,99,000 |
| B-HNI Minimum | 10 | 30,000 | ₹11,10,000 |
Vivekanand Cotspin IPO Anchor Investors
The allotment status of the Vivekanand Cotspin IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Vivekanand Cotspin IPO Prospectus
For more information on the Vivekanand Cotspin IPO, check the links below:
About Vivekanand Cotspin IPO
Vivekanand Cotspin LLP was formed on 21 July 2015. It was converted into Vivekanand Cotspin Private Limited on 5 August 2024, then into Vivekanand Cotspin Limited on 16 December 2024. Nirav Bharatbhai Patel is the Chairman and Managing Director.
The business of Vivekanand Cotspin lies in the cotton textile industry, where its operations include cotton ginning, processing, and spinning. They process raw cotton into products such as cotton bales, cottonseed, yarn, and other textile-related materials.
The processes encompass many aspects of cotton processing that make the agricultural product usable for the textile industry. The target market for the business includes the textile industries and the cotton-related industries. The company’s core business lies within the textile value chain, particularly in the production and processing of cotton products.
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Swastika Investmart Ltd. |
Vivekanand Cotspin IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Lakhs) |
| Funding for capital expenditure requirement towards installation of additional plant and machinery | 526.89 |
| To meet working capital requirements | 1,100 |
| General corporate purposes |
Strengths of Vivekanand Cotspin IPO
The following strengths will demonstrate the company’s business model, financial growth, and expansion potential. These aspects may provide insights into the business other than the size of the IPO.
- Integrated cotton processing and spinning: Vivekanand Cotspin has forward integration, combining cotton ginning with cotton yarn production. The company’s installed capacity for the same is about 8,000 tonnes of cotton bales and 4,551 tonnes of cotton yarn.
- High revenue growth: Revenue from operations grew from ₹36,593.38 Lakhs in FY2025 to ₹40,801.01 lakhs in FY2026, representing approximately 11.50% growth.
- Location proximity to cotton-growing areas: The manufacturing unit is situated in close proximity to prominent cotton-growing areas in Gujarat, Saurashtra, and Maharashtra. This will facilitate access to raw cotton and improve procurement and processing.
Risks of Vivekanand Cotspin IPO
The following risk areas highlight aspects that may affect the profitability and viability of Vivekanand Cotspin in terms of income generation.
- Varying price of raw cotton: This firm depends on raw cotton, whose prices are volatile due to weather conditions, harvesting levels, external demand for the raw material, and regulatory measures. Increased prices of raw cotton may lead to higher production costs. If the increase in costs cannot be passed on to the consumer, profitability will be affected.
- Dependence on customers: The top ten customers of the firm accounted for 51.18% of sales in FY26, with the largest single customer accounting for 12.02% of total sales. Thus, the loss of such an important customer or a decrease in customer demand may affect sales and capacity utilisation.
- Risk of underutilization of capacity: The firm uses a spinning mill with 25,536 spindles; however, utilisation is below its total capacity. It may reduce operational efficiency and increase the per-unit cost burden.
- Supplier Concentration: The top 10 suppliers accounted for 52.06% of total purchases in FY26. Any disruption among them may lead to shortages in raw materials.
Vivekanand Cotspin IPO Review
The company Vivekanand Cotspin is involved in the cotton textile business and undertakes various operations, including ginning, processing, and manufacturing of cotton yarns. The company produces cotton bales, cotton seeds, cotton yarn, and other products for customers in the textile value chain. The company’s manufacturing operations are located in Gujarat, where cotton is produced.
The profit after tax for FY2026 is ₹368.78 Lakhs, and revenue from operations is ₹40,801.01 Lakhs, indicating a relatively narrow profit margin relative to its revenue scale.
The company is vulnerable to fluctuations in cotton prices, customer concentration, and supplier concentration. The top 10 customers account for 51.18% of the company’s revenue, while the top 10 suppliers account for 52.06% of the company’s purchases. IPO proceeds are proposed to be used for plant and machinery, working capital and other corporate purposes.
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Vivekanand Cotspin IPO FAQs
Vivekanand Cotspin IPO is an initial public offering of shares from Vivekanand Cotspin Limited. The company operates in the cotton textile sector, engaging in ginning, processing, and manufacturing of cotton yarns. The IPO comprises a fresh issuance of shares.
Investors can apply for the IPO through their stockbroker or through any approved online IPO portal. Investors usually have the option to apply for the IPO through the ASBA route via banks.
There are both pros and cons of going ahead with the IPO. The company earned ₹40,801.01 Lakhs in revenue for the fiscal year 2026, whereas its profit after tax was ₹368.78 Lakhs. An investor can check its financial position, exposure to cotton prices, customer concentration, etc., before investing their money.
The return on investment for the IPO will depend upon the share’s listing price. The issue price will be fixed within the IPO price band, whereas the listing price will be determined by market conditions. Thus, the return on investment cannot be determined before that.
Vivekanand Cotspin IPO will open for subscription on September 21, 2026. The IPO subscription period will continue up to September 23, 2026. Applicants will have to apply for the IPO within the stated subscription period.
The IPO lot size will be 3,000 shares. Investors are required to apply for a minimum number of IPO lots for the respective investor category. The investment amount required for each application will depend on the number of shares applied for and the IPO price.
The allotment date for the Vivekanand Cotspin IPO is scheduled for September 24, 2026. Post allotment, allotted shares are expected to be deposited into the successful applicant’s demat account.
Vivekanand Cotspin IPO listing is expected to take place on September 28, 2026. The IPO shares will be listed on the BSE SME platform. The price of the share post-listing will be determined based on trading in the market.
