Vivekanand Cotspin IPO Date & Timeline
Tentative schedule from the RHP.
Vivekanand Cotspin IPO GMP Today
Unofficial, aggregated from market sources. It never feeds our score.
Full GMP history (1 updates)
| Date & time (IST) | GMP | Change | GMP % | Est. listing |
|---|---|---|---|---|
| Sep 24, 2026 · 7:20 PM | ₹0 | — | 0.0% | ₹37 |
Vivekanand Cotspin IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | QIB | bHNI | sHNI | NII total | Individual | Total |
|---|---|---|---|---|---|---|
| Shares offered | 11,49,000 | 5,70,000 | 2,85,000 | 8,55,000 | 19,95,000 | 39,99,000 |
| Day 1 · Sep 21 | 0.00× | 0.31× | 0.18× | 0.26× | 0.05× | 0.08× |
| Day 2 · Sep 22 | 0.00× | 0.88× | 0.33× | 0.70× | 0.20× | 0.25× |
| Day 3 · Sep 23 | 1.25× | 3.52× | 1.26× | 2.76× | 1.83× | 1.86× |
Vivekanand Cotspin IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 21 – 23, 2026 |
| Price band | ₹32 – 37 per share |
| Face value | ₹10 per share |
| Lot size | 3,000 shares |
| Total issue size | 60,00,000 shares ₹22.20 Cr |
| Fresh issue | 60,00,000 shares ₹22.20 Cr |
| Issue type | Book Built · SME |
| Listing at | BSE SME |
| Market cap | ≈ ₹82.33 Cr |
| Promoter holding | 100% → 71.43% |
| Lead manager | Swastika Investmart Ltd. |
| Market maker | Sunflower Broking Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Offer documents
Vivekanand Cotspin IPO Lot Size
Minimum and maximum bids by investor type at the upper band of ₹37.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 6,000 | ₹2,22,000 |
| Individual (max) | 2 | 6,000 | ₹2,22,000 |
| sHNI (min) | 3 | 9,000 | ₹3,33,000 |
| sHNI (max) | 9 | 27,000 | ₹9,99,000 |
| bHNI (min) | 10 | 30,000 | ₹11,10,000 |
Vivekanand Cotspin IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 3,00,000 | 5% | — |
| Anchor investors | 17,10,000 | 28.5% | — |
| QIB (ex-anchor) | 11,43,000 | 19% | — |
| NII (HNI) | 8,55,000 | 14.2% | — |
| ↳ bHNI (>₹10L) | 5,70,000 | 9.5% | — |
| ↳ sHNI (₹2–10L) | 2,85,000 | 4.7% | — |
| Individual | 20,01,000 | 33.3% | — |
| Total | 60,09,000 | 100% |
Vivekanand Cotspin Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 358.02 | 290.94 | 409.32 | +40.7% |
| Profit after tax | 3.35 | 4.07 | 3.69 | −9.3% |
| Total assets | 84.83 | 87.53 | 84.85 | −3.1% |
| Net worth | 20.62 | 17.26 | 28.94 | +67.7% |
| Reserves & surplus | 5.62 | 2.26 | 12.69 | +461.5% |
| Total borrowing | 40.02 | 54.76 | 45.00 | −17.8% ✓ |
Vivekanand Cotspin IPO Valuation & Peer Comparison
At the upper band of ₹37. Peers from the RHP "Basis for Offer Price".
Peer comparison
| Company | P/E | P/B | RoNW | Revenue (₹ Cr) |
|---|---|---|---|---|
| Vivekanand Cotspin | 16.3× | — | 15.96% | — |
| Lagnam Spintex | 9.5× | — | 11.23% | 604.98 |
| Deepak Spinners | 22.1× | — | 1.60% | 534.16 |
About Vivekanand Cotspin
Business profile from the RHP.
- 2015Incorporated · Kadi, Mahesana, Gujarat
- 4,550 tYarn capacity a year (plus ~8,000 t of bales)
- 146Employees (May 30, 2026)
- Gin + spin + tradeCotton bales, cotton seed and yarn
Promoters & holding
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
Objects of the issue
Anchor investors
Allotted Sep 18, 2026 · 17,10,000 shares. Lock-in: 50% until Oct 24, 2026, the rest until Dec 23, 2026.
Vivekanand Cotspin IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: An established cotton ginner and spinner with an in-house plant, a small capex plan and demand of 1.86× at close. But net margins are under 1%, profit fell in FY26 despite higher sales, debt is ~1.6× equity, and at ~23× post-issue earnings it costs far more than listed spinners.
- Integrated ginning and spinning plant with ~4,550 t of yarn capacity.
- Large revenue base (₹409 Cr in FY26) and ROE of ~16%.
- Promoters keep ~71%, and the whole issue is fresh money for capex and working capital.
- Subscribed 1.86×, with all categories above 1× at close.
- Wafer-thin margins: PAT margin ~0.9% and EBITDA margin ~3.7%, so small cotton-price moves can wipe out profit.
- Volatile results: revenue fell in FY25, and FY26 profit fell despite a 41% revenue jump.
- High debt: ₹45 Cr of borrowings, D/E ~1.56.
- Expensive: ~23× post-issue earnings vs ~9.5× for Lagnam Spintex; IPOWatch's reviewer says there's 'no harm in skipping'.
- Source figures conflict (issue size ₹22.2 Cr vs ₹24.05 Cr; anchor 17.01 vs 17.10 lakh shares); not verified against the prospectus.
- SME listing: ₹2,22,000 minimum ticket, only ~696 applications, and no grey-market premium.
Vivekanand Cotspin Listing Performance Updates after Sep 28
We close the loop: issue vs listing price, and whether our call was right.
Vivekanand Cotspin IPO Allotment Status & Contact Details
Allotment was finalised on Sep 24. Check it with your PAN or application number.
MUFG Intime India Pvt. Ltd.
- Phone
- 022-49186000
- vivekanand.smeipo@linkintime.co.in
Vivekanand Cotspin Ltd.
- Address
- S. No. 181/1, 182/1, At Rangpurda, Kadi, Mahesana, Gujarat 382715
- Phone
- +91 92278 25102
- cs@vcottonexport.com
- Website
- vcottonexport.com
Vivekanand Cotspin IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is a ₹22.20 Cr SME book built issue, entirely a fresh issue. The shares will list on BSE SME.
What is Vivekanand Cotspin IPO GMP today?
As of Sep 24 · 7:20 PM IST, the grey market premium is ₹0 (≈0.0%), implying an estimated listing price of about ₹37. The GMP has ranged ₹0 since Sep 24. GMP is unofficial and not a guarantee of the listing price.
What is the price band of Vivekanand Cotspin IPO?
The price band is ₹32 – ₹37 per equity share of face value ₹10.
What is the lot size of Vivekanand Cotspin IPO?
The minimum lot is 3,000 shares. Individual investors must apply for exactly 2 lots (6,000 shares).
What is the minimum investment for Vivekanand Cotspin IPO?
The minimum individual investment is ₹2,22,000 (6,000 shares at ₹37).
When does Vivekanand Cotspin IPO open and close?
The IPO opens on Sep 21, 2026 and closes on Sep 23, 2026.
What is the allotment date of Vivekanand Cotspin IPO?
The basis of allotment is finalised on Sep 24, 2026. Refunds and demat credit are expected on Sep 25, 2026.
When will Vivekanand Cotspin IPO be listed?
The tentative listing date is Sep 28, 2026 on BSE SME.
What is Vivekanand Cotspin IPO subscription status?
At close (Sep 23 · 5:00 PM IST), the issue was subscribed 1.86× overall — QIB 1.25×, bHNI 3.52×, sHNI 1.26×, Individual 1.83×.
What is the P/E ratio and valuation of Vivekanand Cotspin IPO?
At the upper band, the P/E is 16.3× pre-issue and 22.8× post-issue, with a market cap of about ₹82.33 Cr. Listed peers include Lagnam Spintex (9.5×) and Deepak Spinners (22.1×).
Should I apply for Vivekanand Cotspin IPO?
IPOSignal's view is Avoid · Pricey for a Thin-Margin Business (36/100). An established cotton ginner and spinner with an in-house plant, a small capex plan and demand of 1.86× at close. But net margins are under 1%, profit fell in FY26 despite higher sales, debt is ~1.6× equity, and at ~23× post-issue earnings it costs far more than listed spinners. This is research, not investment advice.
How to check Vivekanand Cotspin IPO allotment status?
Check on the registrar MUFG Intime India Pvt. Ltd.'s site (in.mpms.mufg.com/Initial_Offer/public-issues.html), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Vivekanand Cotspin IPO?
The registrar is MUFG Intime India Pvt. Ltd.. The book-running lead manager is Swastika Investmart Ltd.. The market maker is Sunflower Broking Pvt. Ltd..