Vivekanand Cotspin IPO is a book-built SME issue of ₹24.05 crore comprising 65,00,000 equity shares of face value ₹10 each. The issue is entirely a fresh issue, with no offer for sale by existing shareholders. The IPO is scheduled to open for subscription on September 21, 2026, and close on September 23, 2026. The shares are proposed to be listed on the BSE SME platform.
The price band for the Vivekanand Cotspin IPO has been fixed at ₹32 to ₹37 per share. The application lot size is 3,000 shares. At the upper price band, the minimum application for individual investors is 6,000 shares, requiring an investment of ₹2,22,000. The minimum application for S-HNI investors is 9,000 shares, amounting to ₹3,33,000 at the upper price band.
The tentative IPO allotment date is September 24, 2026, while refunds and credit of shares to eligible demat accounts are scheduled for September 25, 2026. The tentative listing date is September 28, 2026.
Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing through cotton ginning, spinning and trading activities. Its product portfolio includes cotton bales, cotton seeds and cotton yarn, including carded and combed yarn for domestic and international markets. The company operates its manufacturing facility at Rangpurda, Kadi, in Gujarat.
Table of Contents
Vivekanand Cotspin IPO Details
| Particular | Details |
|---|---|
| IPO Name | Vivekanand Cotspin IPO |
| Company Name | Vivekanand Cotspin Limited |
| IPO Type | Book Build Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹37 per share |
| Issue Size | ₹24.05 Crore |
| Fresh Issue | 65,00,000 Shares |
| Offer for Sale | Nil |
| IPO Open Date | September 21, 2026 |
| IPO Close Date | September 23, 2026 |
| Anchor Investor Bidding | September 20, 2026 |
| Basis of Allotment | September 24, 2026 |
| Refund Initiation | September 25, 2026 |
| Shares Credited to Demat Account | September 25, 2026 |
| Listing Date | September 28, 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 3,000 Shares |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Book Running Lead Manager | Swastika Investmart Ltd. |
| Market Maker | Sunflower Broking Pvt. Ltd. |
The Vivekanand Cotspin IPO consists of 65 lakh fresh equity shares. The company is raising funds through a fresh issue rather than an offer for sale. The issue is proposed to be listed on BSE SME. Swastika Investmart Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is acting as the registrar. Sunflower Broking Pvt. Ltd. is the market maker for the issue.
Vivekanand Cotspin IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | September 20, 2026 |
| IPO Opening Date | September 21, 2026 |
| IPO Closing Date | September 23, 2026 |
| Basis of Allotment | September 24, 2026 |
| Refund Initiation | September 25, 2026 |
| Shares Credited to Demat Account | September 25, 2026 |
| Listing Date | September 28, 2026 |
The Vivekanand Cotspin IPO is scheduled as a three-day public issue from September 21 to September 23, 2026. The allotment is expected to be finalised on September 24, followed by refunds and demat credit on September 25. The shares are proposed to list on BSE SME on September 28, 2026. These dates are tentative and may change according to the final issue process.
Vivekanand Cotspin IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | 28,50,000 Shares (50.00% of Net Issue) |
| NII | 8,55,000 Shares (15.00% of Net Issue) |
| RII | 19,95,000 Shares (35.00% of Net Issue) |
The public issue allocation provides 50% of the net issue for Qualified Institutional Buyers, 15% for Non-Institutional Investors and 35% for Retail Individual Investors. A separate 3,00,000-share firm reservation is made for the market maker.
Vivekanand Cotspin IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) Minimum | 2 | 6,000 | ₹2,22,000 |
| Individual Investors (IND) 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 |
Investors can bid for a minimum of 6,000 shares and thereafter in multiples of 3,000 shares. At the upper price band of ₹37 per share, the minimum retail application amount is ₹2,22,000. The minimum S-HNI application is 9,000 shares, requiring ₹3,33,000 at the upper price band.
About Vivekanand Cotspin Limited
Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing. The company carries out cotton ginning, cotton spinning and related trading activities. Its product portfolio includes cotton bales, cotton seeds and cotton yarn.
The business operates across two principal activities: cotton ginning and cotton spinning. In ginning, cotton fibre is separated from seeds as part of the initial processing stage. The company then uses clean cotton fibres in the spinning process to manufacture yarn.
Vivekanand Cotspin offers carded and combed cotton yarn for customers in domestic as well as international markets. The yarn is used by industries involved in fabric production and other textile applications. The company’s manufacturing facility is located at Rangpurda, Kadi, in Mahesana district of Gujarat.
The company was originally established as Vivekanand Cotspin LLP in July 2015. It was subsequently converted into a private limited company in 2024 and later became a public limited company under the name Vivekanand Cotspin Limited. Its registered office and manufacturing facility are located at S/No. 181/1, 182/1, At Rangpurda, Kadi, Mahesana, Gujarat.
As of May 30, 2026, the company had 146 employees on its payroll. Its stated annual production capacity is approximately 4,550 tonnes of cotton yarn and 8,000 tonnes of cotton bales.
Business Operations
Vivekanand Cotspin’s operations begin with cotton processing and ginning and extend to the production of cotton yarn. The company separates cotton fibres from seeds and processes the fibres into yarn.
Its product range includes cotton bales, cotton seeds, carded yarn and combed yarn. The company serves domestic customers as well as overseas markets, giving it exposure to both Indian textile demand and export opportunities.
The location of the manufacturing unit in Gujarat provides access to cotton-growing regions in western India. The company’s operations therefore combine raw-cotton sourcing, processing, spinning and yarn sales within its broader business model.
Industry Overview
The Indian textile industry has a large cotton-processing and spinning base, supported by domestic textile manufacturing and export demand. Cotton ginning and yarn spinning remain important stages in the textile value chain because processed cotton and yarn are used by downstream manufacturers for fabric and garment production.
Vivekanand Cotspin operates within this value chain, with activities extending from cotton ginning to yarn manufacturing. Its product mix of cotton bales, cotton seeds and yarn provides exposure to different stages of cotton processing.
The company also serves international markets through its yarn business. However, the textile industry is influenced by cotton prices, yarn realisations, energy costs, export demand, foreign exchange movements and broader textile-market conditions. These factors can affect operating margins and profitability.
Business Strategy
The company has identified several areas that support its operating strategy. These include forward integration through its spinning unit, cost-effective production, timely order fulfilment, production scalability and maintaining yarn quality.
The company also aims to strengthen supplier relationships and improve economies of scale as its production capabilities expand. The IPO proceeds allocated toward additional plant and machinery are expected to support its capital expenditure requirements.
Vivekanand Cotspin IPO Financial Information
Vivekanand Cotspin’s financial performance shows fluctuations in income and profitability across the reported periods. Total income increased substantially in FY2026 compared with FY2025, while profit after tax declined during the same period. The financial figures below are restated figures reported for the company.
Vivekanand Cotspin Financial Summary
| Particular | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Assets | ₹84.85 Cr | ₹87.53 Cr | ₹84.83 Cr |
| Total Income | ₹409.32 Cr | ₹290.94 Cr | ₹358.02 Cr |
| Profit After Tax | ₹3.69 Cr | ₹4.07 Cr | ₹3.35 Cr |
| EBITDA | ₹15.09 Cr | ₹14.59 Cr | ₹14.59 Cr |
| Net Worth | ₹28.94 Cr | ₹17.26 Cr | ₹20.62 Cr |
| Reserves and Surplus | ₹12.69 Cr | ₹2.26 Cr | ₹5.62 Cr |
| Total Borrowings | ₹45.00 Cr | ₹54.76 Cr | ₹40.02 Cr |
The company’s total income rose from ₹290.94 crore in FY2025 to ₹409.32 crore in FY2026. During the same period, PAT declined from ₹4.07 crore to ₹3.69 crore. EBITDA increased moderately from ₹14.59 crore to ₹15.09 crore. Net worth increased to ₹28.94 crore in FY2026, while total borrowings declined to ₹45 crore from ₹54.76 crore.
Vivekanand Cotspin IPO Key Performance Indicators (KPIs)
| KPI | March 31, 2026 |
|---|---|
| ROE | 15.96% |
| ROCE | 13.14% |
| Debt/Equity | 1.56 |
| RoNW | 15.96% |
| PAT Margin | 0.90% |
| EBITDA Margin | 3.70% |
| NAV | ₹17.81 |
| Price to Book Value | 2.08 |
For FY2026, Vivekanand Cotspin reported ROE and RoNW of 15.96%, while ROCE stood at 13.14%. The EBITDA margin was 3.70% and PAT margin was 0.90%. The reported NAV was ₹17.81 per share.
The IPO valuation data shows pre-IPO EPS of ₹2.27 and post-IPO EPS of ₹1.62. Based on the issue pricing information, the indicated pre-IPO P/E is 16.3 times and post-IPO P/E is 22.84 times.
Objects of the Vivekanand Cotspin IPO
The company proposes to use the net proceeds from the issue for the following purposes:
- Funding capital expenditure requirements for installation of additional plant and machinery.
- Meeting working capital requirements.
- General corporate purposes.
| No. | Issue Objects | Estimated Amount (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for additional plant and machinery | 5.27 |
| 2 | Working capital requirements | 11.00 |
| 3 | General Corporate Purposes | Not specified |
| Total specified allocation | 16.27 |
The company has earmarked ₹5.27 crore toward additional plant and machinery and ₹11 crore toward working capital. The remaining proceeds are proposed to be used for general corporate purposes.
The capital expenditure component is intended to support the company’s manufacturing requirements, while the working capital allocation is expected to support day-to-day operational needs.
Vivekanand Cotspin IPO Listing Performance
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | September 28, 2026 (Tentative) |
| Issue Price | ₹32 to ₹37 |
| Listing Price | To Be Updated |
| Listing Gain | To Be Updated |
| Listing Gain (%) | To Be Updated |
Vivekanand Cotspin IPO has not been listed as of the date of this content. The company is scheduled for a tentative BSE SME listing on September 28, 2026. The actual listing price and listing gain will be available after trading begins.
Vivekanand Cotspin IPO Subscription Status
The Vivekanand Cotspin IPO is scheduled to open for public subscription on September 21, 2026. Therefore, category-wise subscription figures are not available before the opening of the issue.
The subscription status will be tracked separately for QIB, NII, RII, employee or other applicable categories during the bidding period. Final subscription figures will be available after the IPO closes on September 23, 2026.
Vivekanand Cotspin IPO Subscription
| Investor Category | Subscription |
|---|---|
| QIB | To Be Updated |
| NII | To Be Updated |
| RII | To Be Updated |
| Employee Category | To Be Updated |
| Total Subscription | To Be Updated |
The subscription table will be updated once the bidding process starts. Investors should review the final exchange-reported subscription figures rather than relying on estimates before the issue opens.
Vivekanand Cotspin IPO Review
Vivekanand Cotspin is entering the SME IPO market with a fresh issue of 65 lakh shares at a price band of ₹32 to ₹37 per share. The company operates in cotton processing and yarn manufacturing, with business activities covering ginning, spinning and trading.
One of the key features of the issue is that the entire issue is structured as a fresh issue. The company intends to deploy part of the proceeds toward additional plant and machinery and working capital, which directly relates to its operating requirements.
The financial profile shows strong growth in total income during FY2026, although PAT declined compared with FY2025. Total income increased to ₹409.32 crore, while PAT stood at ₹3.69 crore. The EBITDA margin of 3.70% and PAT margin of 0.90% indicate that profitability remains relatively dependent on operating efficiency and industry conditions.
The company also has exposure to cotton prices, textile demand, export markets and working-capital requirements. Changes in raw material costs and yarn realisations can affect operating performance. As an SME-listed company, investors should also consider the characteristics and liquidity considerations associated with SME securities.
The company’s proposed expansion of plant and machinery and working-capital funding could support its production and operations, but the outcome will depend on capacity utilisation, demand, pricing, cost control and execution.
The grey market premium is unofficial and can change rapidly. Current publicly available GMP information does not provide a reliable confirmed premium for the September 2026 issue, so GMP should be treated as unavailable rather than as a guaranteed indication of listing performance.
Vivekanand Cotspin IPO Strengths
- Established presence in cotton processing and yarn manufacturing.
- Business operations cover cotton ginning and spinning.
- Product portfolio includes cotton bales, cotton seeds and cotton yarn.
- Carded and combed yarn products serve domestic and international markets.
- Spinning operations provide forward integration into the cotton textile value chain.
- Manufacturing facility is located in Gujarat, an important cotton-producing region.
- Proposed IPO proceeds include capital expenditure for additional plant and machinery.
- The company reported a substantial increase in total income in FY2026.
- Net worth increased to ₹28.94 crore in FY2026.
- Total borrowings declined from ₹54.76 crore in FY2025 to ₹45 crore in FY2026.
Vivekanand Cotspin IPO Risk Factors
- The company’s profitability can be affected by fluctuations in cotton prices and yarn realisations.
- PAT declined in FY2026 despite significant growth in total income.
- PAT margin was 0.90% in FY2026, indicating a relatively narrow net profit margin.
- The company operates in a competitive textile and yarn manufacturing market.
- Working-capital requirements are significant for manufacturing and trading operations.
- The company has outstanding borrowings, with total borrowing reported at ₹45 crore for FY2026.
- Demand from domestic and international textile markets can influence sales and profitability.
- Export-oriented business may be exposed to currency movements and changes in overseas demand.
- SME-listed securities can have different liquidity characteristics from mainboard-listed companies.
- The company’s future performance will depend on successful utilisation of the IPO proceeds and expansion plans.
Vivekanand Cotspin IPO Promoters
The promoter group of Vivekanand Cotspin comprises Nirav Bharatbhai Patel, Jasmin Vishnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahladdas Patel, Gautam Bharatkumar Patel, B P Patel Family Trust and V P Patel Family Trust.
Vivekanand Cotspin IPO Promoters Details
| Promoter | Designation |
|---|---|
| Nirav Bharatbhai Patel | Managing Director |
| Jasmin Vishnubhai Patel | Whole-time Director |
| Bharatbhai Prahaladbhai Patel | Director |
| Vishnubhai Prahladdas Patel | Director |
| Gautam Bharatkumar Patel | Promoter |
| B P Patel Family Trust | Promoter Group |
| V P Patel Family Trust | Promoter Group |
Nirav Bharatbhai Patel is the Managing Director of Vivekanand Cotspin, while Jasmin Vishnubhai Patel serves as Whole-time Director. Current company-management information also identifies Bharatbhai Prahaladbhai Patel and Vishnubhai Prahladdas Patel as directors.
Vivekanand Cotspin IPO Management Team
| Name | Designation |
|---|---|
| Nirav Bharatbhai Patel | Managing Director |
| Jasmin Vishnubhai Patel | Whole-time Director |
| Bharatbhai Prahaladbhai Patel | Director |
| Vishnubhai Prahladdas Patel | Director |
| Himul Patel | Director |
| Amitaben Hiteshbhai Patel | Director |
| Irfan Abdulbhai Mansuri | Chief Financial Officer |
| Komal Vijaybhai Chauhan | Company Secretary |
Current company-management records identify Nirav Bharatbhai Patel as Managing Director, Jasmin Vishnubhai Patel as Whole-time Director, and Irfan Abdulbhai Mansuri and Komal Vijaybhai Chauhan as the CFO and Company Secretary respectively. The company’s management information also lists Himul Patel and Amitaben Hiteshbhai Patel among its directors.
Vivekanand Cotspin IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Pvt. Ltd. |
| Website | MUFG Intime India public issues portal |
| IPO Allotment Status | To Be Updated |
| Email ID | [email protected] |
| Contact Number | 022-49186000 |
MUFG Intime India Pvt. Ltd. is the registrar to the Vivekanand Cotspin IPO. The company-related investor document also identifies MUFG Intime India as the registrar and provides the issue-specific email address.
Vivekanand Cotspin IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | Swastika Investmart Ltd. |
Swastika Investmart Ltd. is the book running lead manager for the Vivekanand Cotspin IPO. The issue information provided by the company and IPO source confirms Swastika Investmart as the lead manager.
Vivekanand Cotspin Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Vivekanand Cotspin Limited |
| Registered Office | S/No 181/1, 182/1, At Rangpurda, Kadi, Mahesana, Gujarat – 382715 |
| Website | www.vcottonexport.com |
| Email ID | [email protected] |
| Contact Number | +91 9227825102 |
The company’s registered office and manufacturing facility are located at Rangpurda, Kadi, Mahesana, Gujarat. The company contact number is +91 9227825102 and the investor/company email information includes [email protected].
How to Check Vivekanand Cotspin IPO Allotment Status
Through the Registrar
Investors can check Vivekanand Cotspin IPO allotment status through the official registrar portal after the basis of allotment is finalised.
- Visit the official MUFG Intime India IPO allotment portal.
- Select Vivekanand Cotspin IPO from the available issue list.
- Choose the relevant search option, such as PAN or application details.
- Enter the required application or demat information.
- Submit the details to view the allotment status.
Through BSE
Investors can also check the IPO allotment status through the BSE website once the allotment information is made available.
- Visit the official BSE IPO allotment section.
- Select Vivekanand Cotspin IPO.
- Enter the PAN or application details as required.
- Complete verification, if requested.
- Submit the information to check the allotment result.
Vivekanand Cotspin IPO Conclusion
Vivekanand Cotspin IPO is a ₹24.05 crore BSE SME IPO comprising 65 lakh fresh equity shares. The price band is ₹32 to ₹37 per share and the minimum retail application is 6,000 shares at the upper price band. The issue is scheduled to open on September 21, 2026 and close on September 23, 2026, with tentative listing on September 28, 2026.
The company operates in cotton processing and yarn manufacturing and has an established manufacturing facility in Gujarat. Its FY2026 financials show significant growth in total income, while PAT declined compared with FY2025. The IPO proceeds are proposed to support additional plant and machinery, working capital and general corporate purposes.
Investors should evaluate the company’s financial performance, valuation, industry conditions, working-capital requirements, borrowing levels and SME-market characteristics before making any investment decision. GMP, where available, should only be considered an unofficial market indicator and should not be treated as a guarantee of listing performance.
Vivekanand Cotspin IPO FAQs
What is the Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is a book-built SME IPO of ₹24.05 crore consisting of 65,00,000 fresh equity shares. The shares are proposed to be listed on BSE SME.
When will Vivekanand Cotspin IPO open?
Vivekanand Cotspin IPO is scheduled to open for subscription on September 21, 2026.
When will Vivekanand Cotspin IPO close?
The IPO is scheduled to close on September 23, 2026.
What is the Vivekanand Cotspin IPO price band?
The Vivekanand Cotspin IPO price band is ₹32 to ₹37 per share.
What is the Vivekanand Cotspin IPO lot size?
The IPO lot size is 3,000 shares. Retail investors need to apply for a minimum of two lots, or 6,000 shares.
What is the minimum investment required for the Vivekanand Cotspin IPO?
At the upper price band of ₹37 per share, the minimum retail application is 6,000 shares, requiring ₹2,22,000.
What is the Vivekanand Cotspin IPO allotment date?
The tentative basis of allotment date is September 24, 2026. Refund initiation and demat credit are scheduled for September 25, 2026.
What is the Vivekanand Cotspin IPO listing date?
The tentative listing date is September 28, 2026 on the BSE SME platform.
Who is the registrar of Vivekanand Cotspin IPO?
MUFG Intime India Pvt. Ltd. is the registrar of the Vivekanand Cotspin IPO.
Who is the lead manager of Vivekanand Cotspin IPO?
Swastika Investmart Ltd. is the book running lead manager of the Vivekanand Cotspin IPO.
