Advisory

Choose your Partner

Both partners offer free account opening and dedicated support.

Angel One

Best for active traders

₹ 0 Account Opening Open Account →

Motilal Oswal

Best for long-term wealth

₹ 0 Account Opening Open Account →

IPO Open

Mon, Sep 21, 2026

IPO Close

Wed, Sep 23, 2026

Price Band

₹32 to ₹37

Market Cap*

₹84.18 Cr * on Upper Price

IPO Details

  • IPO Date
    21 to 23 Sep, 2026
  • Listing Date
    Mon, Sep 28, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹32 to ₹37
  • Lot Size
    3,000 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    65,00,000 shares (agg. up to ₹24 Cr)
  • Reserved for Market Maker
    3,00,000 shares (agg. up to ₹1 Cr) Sunflower Broking Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    62,00,000 shares (agg. up to ₹23 Cr)
  • Net Offered to Public
    62,00,000 shares (agg. up to ₹23 Cr)
  • Share Holding Pre Issue
    1,62,50,000 shares
  • Share Holding Post Issue
    2,27,50,000 shares

  • IPO Open
    Mon, Sep 21, 2026
  • Allotment
    Thu, Sep 24, 2026
  • Credit of Shares
    Fri, Sep 25, 2026
  • IPO Close
    Wed, Sep 23, 2026
  • Refund
    Fri, Sep 25, 2026
  • Listing
    Mon, Sep 28, 2026

Issue Reservation

Vivekanand Cotspin IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (50.00%) are allocated to QIB, 8,55,000 (15.00%) allocated to NII 19,95,000 (35.00%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 28,50,000 50.00% 47.50%
  − Anchor Investor 17,10,000 28.50%
  − QIB (Ex. Anchor) 11,40,000 19.00%
NII (HNI) 8,55,000 15.00% 14.25%
  − bNII > ₹10L 5,70,000 9.50%
  − sNII < ₹10L 2,85,000 4.75%
Retail 19,95,000 35.00% 33.25%
Firm Reservations
Market Maker 3,00,000 5.00%
Total 60,00,000 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 6000 ₹2,22,000
Individual investors (IND) (Max) 2 6000 ₹2,22,000
S-HNI (Min) 3 9000 ₹3,33,000
S-HNI (Max) 9 27000 ₹9,99,000
B-HNI (Min) 10 30000 ₹11,10,000

About Vivekanand Cotspin Ltd.

Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading.

The company’s products include cotton bales, seeds, and yarn.

The company operates in two primary areas: cotton ginning and spinning.

The company focuses on spinning clean cotton fibres into yarn.

The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India. It operates spinning mills with efficient machinery to uphold quality control.

The company’s manufacturing facility is located in Rangpurda, Kadi, within the Mahesana District of Gujarat, close to the fertile cotton-growing regions of Maharashtra and Saurashtra in Gujarat. The company has established an annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales.

As on May 30th, 2026, the Company has 146 employees on payroll.

Competitive Strength

  • Establishing the Spinning Unit has achieved forward integration into the cotton textile industry.
  • Cost-effective production and timely fulfilment of orders.
  • Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale.
  • Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry.
  • Experienced Promoters.

Company Financials (Restated)

Vivekanand Cotspin Ltd.’s revenue increased by 41% and profit after tax (PAT) dropped by 9% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 84.85 87.53 84.83
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
Reserves and Surplus 12.69 2.26 5.62
Total Borrowing 45.00 54.76 40.02

Recently Listed IPOs in Other Textile Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Ashutosh Fibre Ltd. SME ₹56.35 Cr ₹92 9.03 ₹147.00 +59.78% ₹156.90
Fascinate Textiles Ltd. SME ₹64.83 Cr ₹151 10.33 ₹114.80 -23.97% ₹50.50
Shreedhar Spinners Ltd. SME ₹30.68 Cr ₹53 13.44 ₹57.10 +7.74% ₹142.55

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding for capital expenditure requirement towards installation of additional plant and machinery
    5.27
  • 2 To meet Working Capital requirements
    11.00
  • 3 General Corporate Purposes
  • Total
    16.27

Key Performance Indicator (KPI)

KPI Mar 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

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 2.27 1.62
P/E (x) 16.3 22.84
Market Cap at Offer Price ₹60.13 Cr. ₹84.18 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100%
Public
Total 100%

Company Promoters: Nirav Bharatbhai Patel, Jasmin Vishnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel, Gautam Bharatkumar Patel, B P Patel Family Trust and V P Patel Family Trust.

Vivekanand Cotspin IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Swastika Investmart Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Vivekanand Cotspin Ltd. Address
S/No 181/1, 182/1
At Rangpurda,
Kadi
Mahesana, Gujarat, 382715

IPO FAQs

Vivekanand Cotspin IPO is a SME IPO of 65,00,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹32 to ₹37. The minimum order quantity is 3000.

The IPO opens on Mon, Sep 21, 2026, and closes on Wed, Sep 23, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Vivekanand Cotspin IPO using UPI as a payment gateway. Angel One customers can apply in Vivekanand Cotspin IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Vivekanand Cotspin IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Vivekanand Cotspin IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Vivekanand Cotspin IPO opens on Mon, Sep 21, 2026 and closes on Wed, Sep 23, 2026.

Vivekanand Cotspin IPO lot size is 3000, and the minimum amount required for application is ₹2,22,000, with 2 lots being the minimum application size.

You can apply in Vivekanand Cotspin IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Vivekanand Cotspin IPO will be done on Thursday, September 24, 2026, and the allotted shares will be credited to your demat account by Fri, Sep 25, 2026. Check the Vivekanand Cotspin IPO allotment status.

The Vivekanand Cotspin IPO listing date is not yet announced. The tentative date of listing is Mon, Sep 28, 2026.

Stock Broker Reviews India

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.