Home › Listed IPOs › Vivekanand Cotspin IPO
Vivekanand Cotspin IPOLISTED
Vivekanand Cotspin Limited is engaged in cotton processing, ginning and cotton yarn manufacturing, producing cotton bales, carded and combed yarn, and cotton seeds for domestic and international markets.
Listing price
₹38
+2.70%
Current price
—
Not available
Issue price
₹37
Upper band
Listed on
28 Sept 26
VIVEKANANDCOTSPIN
- Open21 Sept
- Close23 Sept
- Allotment24 Sept
- Refund25 Sept
- Demat25 Sept
- Listing28 Sept
Listed at
₹38
+2.70% on 28 Sept 26
Overview
Price band
₹32-37
Lot size
3,000 shares
Minimum application 2 lots
Face value
₹10 / share
Issue type
Book Built Issue
Min. investment
₹2,22,000
2 lots · 6,000 shares
Listing at
BSE
Issue Size : 60,00,000 shares worth ₹22.2 Cr
- Fresh Issue : 60,00,000 shares worth ₹22.2 Cr
IPO Share Reservation
Total
95%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,22,000 |
| Retail (Max) | 2 | 6,000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9,000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27,000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30,000 | ₹11,10,000 |
Listing performance
Listing gain
+2.70%
Gain per retail lot
₹6,000
Latest vs issue
—
GMP was
—
Latest price shows here when a live quote is available (NSE main-board stocks).
Subscription
- QIB1.26xQIB1.26xQualified Institutional BuyersShares offered 11,40,000Shares applied 14,40,000Bid amount ₹5.33 Cr
- NII (HNI)2.76xNII (HNI)2.76xNon-Institutional InvestorsShares offered 8,55,000Shares applied 23,64,000Bid amount ₹8.75 Cr
- S-HNI1.26xS-HNI1.26xSmall HNI · ₹2L – ₹10LShares offered 2,85,000Shares applied 3,60,000Bid amount ₹1.33 Cr
- B-HNI3.52xB-HNI3.52xBig HNI · above ₹10LShares offered 5,70,000Shares applied 20,04,000Bid amount ₹7.41 Cr
- Retail1.83xRetail1.83xRetail Individual InvestorsShares offered 19,95,000Shares applied 36,48,000Bid amount ₹13.5 Cr
- Total1.87xTotal1.87xAll categories combinedShares offered 39,90,000Shares applied 74,52,000Bid amount ₹27.57 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 358.02 | 352.77 | 3.35 | 84.83 | 40.03 |
| Mar 2025 | 290.94 | 287.55 | 4.07 | 87.53 | 54.76 |
| Mar 2026 | 409.32 | 404.19 | 3.69 | 84.85 | 45 |
KPI & Valuation
Key performance indicators
- ROE
- 15.96%
- PAT Margin
- 0.9%
- ROCE
- 13.14%
- EBITDA Margin
- 3.7%
- Debt to Equity Ratio
- 1.56
- Price to Book Value
- 2.08
- RoNW
- 15.96%
As of 31 Mar 2026
Valuation
- EPS Pre IPO
- ₹2.27
- EPS Post IPO
- ₹1.62
- P/E Pre IPO
- 16.3
- P/E Post IPO
- 22.84
Strengths & risks
Strengths
- Integrated Operations with ginning and spinning capabilities.
- Export Network through Ambica Cotseeds Limited.
- Value Addition through cotton seed processing.
- Product Diversification across cotton bales, yarn and seeds.
- Established Capacity of 8,000 MT bales and 4,551 MT yarn.
Risks
- Low Yarn Utilization at 67.05% in FY2026.
- Related Party Dependence for sales and purchases.
- Export Dependence with significant sales reaching international markets.
- Capacity Utilization Risk from raw material and market conditions.
- Relationship Risk if key related-party arrangements are disrupted.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding for capital expenditure requirement towards installation of additional plant and machinery. | 5.27 |
| To meet Working Capital requirements. | 11 |
| General Corporate Purposes. | - |
Promoter Holdings
Company Promoter(s)
- 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
Registrar & contacts
Registrar
MUFG Intime India Pvt. Ltd.
- 022-49186000
- vivekanand.smeipo@linkintime.co.in
- https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company
Vivekanand Cotspin Limited
- S/No 181/1, 182/1 At Rangpurda, Kadi Mahesana, Gujarat, 382715
- +91 9227825102
- cs@vcottonexport.com
- https://www.vcottonexport.com/index.html
Documents
Lead managers
About Vivekanand Cotspin
Vivekanand Cotspin Limited is engaged in cotton processing and cotton yarn manufacturing, including ginning, spinning, and trading of cotton bales and cotton yarn.
The Company’s product portfolio includes cotton bales, cotton yarn and cotton seeds, with its yarn range comprising carded and combed yarn supplied to domestic and international markets.
The Company’s manufacturing facility is located in Rangpurda, Kadi, Mahesana, Gujarat, with an annual capacity of approximately 8,000 MT of cotton bales and 4,551 MT of cotton yarn.
The Company operates open-end and ring spinning units, using spinning technology and processing techniques for yarn manufacturing. For international markets, Ambica Cotseeds Limited facilitates exports of the Company’s cotton yarn and cotton bales through its established export network.
As of May 30, 2026, Vivekanand Cotspin Limited had 146 employees on its payroll, including Key Management Personnel (KMP).