About Vivekanand Cotspin Ltd.
Vivekanand Cotspin IPO Details
Vivekanand Cotspin IPO is a 100% book-built issue of ₹24.05 crore, entirely a fresh issue of 65 lakh shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on June 5, 2026 and received approval on August 6, 2026.
The price band of the issue is set between ₹32 to ₹37 per share and the lot size for an application is 3,000 shares. The minimum amount of investment required by an individual investor is ₹2,22,000 (6,000 shares). The IPO will be open for subscription from September 21 to 23, 2026, on the BSE SME platform, with a tentative listing date of Sep 28, 2026.
Swastika Investmart Limited is the Book Running Lead Manager, while MUFG Intime India Private Limited is the Registrar to the Issue.
Vivekanand Cotspin IPO Date & Timeline
The Vivekanand Cotspin IPO is officially set to open for subscription on Sep 21, 2026 and will close on Sep 23, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on June 5, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 24, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 25, 2026. Finally, shares of Vivekanand Cotspin Ltd. are tentatively scheduled to list on the stock exchanges on Sep 28, 2026.
Vivekanand Cotspin Ltd. IPO Timeline
| IPO Open Date | Mon, Sep 21, 2026 |
| IPO Close Date | Wed, Sep 23, 2026 |
| Basis of Allotment | Thu, Sep 24, 2026 |
| Initiation of Refunds | Fri, Sep 25, 2026 |
| Credit of Shares to Demat | Fri, Sep 25, 2026 |
| Listing Date | Mon, Sep 28, 2026 |
Vivekanand Cotspin Ltd. IPO Details
| Detail | Description |
|---|---|
| IPO Date | 21 to 23 Sep, 2026 |
| Listing Date | 28 Sep, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 32 to ₹ 37 |
| Lot Size | 3,000 Shares |
| IPO Type | Fresh capital only |
| 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) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,62,50,000 shares |
| Share Holding Post Issue | 2,27,50,000 shares |
Vivekanand Cotspin IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Vivekanand Cotspin IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹106, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹37 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 3000 shares.
Vivekanand Cotspin Ltd. IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 16 Sep, 2026 | ₹37 | ₹0 | 16 Sep, 202612:41 PM |
Company Background
The business originated as Vivekanand Cotspin LLP, receiving its fresh certificate of incorporation on July 21, 2015, in Gujarat. Then, on August 5, 2024, It was converted into a private limited company, named ‘Vivekanand Cotspin Pvt. Ltd.’
From the inception, the company was engaged in cotton processing and yarn manufacturing, comprising raw cotton ginning, which separates cotton fibre from seeds, and spinning, through which cotton bales are converted into cotton yarn. The company also undertakes trading of cotton bales and cotton yarn to meet customer requirements and business opportunities. The manufacturing unit of Vivekanand Cotspin is located at Rangpurda, Kadi, Gujarat, which is also its registered office.
The company is the flagship entity of the Vivekanand Group of Industries, established in 1999. The broader group has interests across sustainable farming, ginning, spinning, trading and export-import of raw cotton and cotton yarn.
Then, to proceed its public listing procedures, the company later converted into a public limited company with a fresh certificate of incorporation on December 16, 2024, named ‘Vivekanand Cotspin Ltd.’
Operations & Product Range
Vivekanand Cotspin Ltd.'s operations cover the cotton value chain from ginning to yarn manufacturing. Its product portfolio includes raw cotton bales, cotton seed, combed compact cotton yarn, carded compact cotton yarn and comber noil. The company also supplies imported premium cotton yarn to customers in India.
The company supplies Shankar-6 variety raw cotton bales and has an annual production capacity of approximately 8,000 tons for cotton bales. Comber noil, a by-product of the combing process, is used in applications including currency paper, surgical products and blending in open-end spinning mills.
Facilities & Capacity
Vivekanand Cotspin Ltd.'s registered office and manufacturing unit are situated at Rangpurda, Kadi, Gujarat. Its ginning capacity is approximately 400 bales per day, while its spinning infrastructure comprises 25,536 spindles. The company has an installed capacity of approximately 8,000 tons per annum for cotton bales and around 4,550 tons per annum for cotton yarn.
Capacity utilisation has differed between the two major product categories. Cotton bale production increased from 6,556 tons in FY24, representing 81.94% utilisation, to 7,425 tonnes or 92.82% utilisation in FY26. Cotton yarn production declined from 3,703 tonnes in FY24 to 3,051 tonnes in FY26, taking utilisation from 81.38% to 67.05%.
The company also has leased and operational properties supporting its activities, including adjoining manufacturing-unit property, a property hosting a solar plant and a warehouse at Mundra, Gujarat.
Brands & Market Presence
Vivekanand Cotspin Ltd. operates primarily as a manufacturer and supplier of cotton products rather than as a consumer-facing branded textile company. Its product presence extends across cotton bales, cotton seed, cotton yarn and related by-products. The company sells cotton bales and yarn through brokers and business houses while also developing direct sales relationships with textile mills.
The company has an export-linked business model through its group ecosystem. Ambica Cotseeds Limited, a related entity within the Vivekanand Group, has established overseas customer relationships, export marketing infrastructure, documentation capabilities and trade-finance arrangements and facilitates exports of cotton yarn and cotton bales.
Revenue Streams & Business Model
Vivekanand Cotspin Ltd. generates revenue primarily through the sale of cotton yarn and cotton bales, supported by cotton processing activities. The company manufactures cotton bales and yarn in-house and also undertakes trading of cotton bales and cotton yarn. Cotton seed generated as a by-product of ginning is another part of the cotton value chain and is sold for further processing.
The company's business has both domestic and export exposure. In FY26, export revenue accounted for 10.24% of revenue from operations, compared with 2.48% in FY25. Related-party entities also perform specific functions in the business ecosystem. Ambica Cotseeds Limited supports exports, while Vivekanand Industries processes cotton seed and undertakes related cotton activities.
Financial Performance
Vivekanand Cotspin Ltd. has reported revenue from ₹290.46 crore in FY25 and ₹408.01 crore in FY26, representing a revenue CAGR of approximately 6.8%. Profit after tax stood at ₹4.07 crore in FY25 and ₹3.69 crore in FY26, with an PAT margin of 0.90% in FY26. The company reported EBITDA of ₹14.59 crore in FY25 and ₹15.09 crore in FY26. EBITDA margin reported at 3.70%. PAT declined by 9% in FY26 despite higher revenue by 41% between FY25-26.
Management & Shareholding
The promoters of Vivekanand Cotspin Ltd. are 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, Ranjanben Bharatbhai Patel and Kapilaben Vishnubhai Patel. Before the IPO, the promoters held 1,62,50,000 equity shares, which is 100% of the company's pre-issue paid-up equity share capital. But, after the IPO, the promoters shareholding will be slightly diluted as the offering includes fresh issue of 62,00,000 shares, which restructure the shareholding of the existing shareholders.
Board & Key Management
The leadership of Vivekanand Cotspin Ltd. is led by a team of experts with many years of experience. Nirav Patel serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as the daily operations, along with Whole-Time Director Jasmin Vishnubhai Patel. To ensure good governance, the board includes Independent Directors Rohit Khandelwal, Bhavika Sanghani, Neha Agarwal and Sandeep Kumar Likhamania for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Vivekanand Cotspin Ltd. Financial Information
Latest Revenue
₹ 408.01 Cr
Profit After Tax
₹ 3.69 Cr
Net Worth
₹ 28.94 Cr
Total Borrowing
₹ 45.00 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 84.85 | 408.01 | 3.69 | 28.94 | 12.69 | 45.00 |
| 31 Mar 2025 | 87.53 | 290.47 | 4.07 | 17.26 | 2.26 | 54.76 |
| 31 Mar 2024 | 84.83 | 357.38 | 3.35 | 20.62 | 5.62 | 40.02 |
| Amount in ₹ Crore | ||||||
Vivekanand Cotspin Ltd. Key Performance Indicator
| KPI | Values(31 Mar 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.27 | 1.62 |
| P/E (x) | 16.3 | 22.84 |
Vivekanand Cotspin IPO Objectives
Vivekanand Cotspin Ltd. intended to utilise the IPO proceeds for the following strategic purposes:
- • Funding the capital expenditure towards the requirements of plant & machinery
- • Funding the working capital requirements
- • General corporate purposes
Vivekanand Cotspin IPO Review
Vivekanand Cotspin Ltd. operates across cotton ginning, spinning and related trading activities, giving it exposure to different stages of the cotton value chain. Its manufacturing infrastructure includes ginning and ring-spinning operations, while its group relationships provide access to export infrastructure and downstream processing of cotton seed.
The financial profile shows moderate revenue growth over FY24–FY26, but profitability has remained relatively low in relation to revenue. Revenue increased by 41% in FY26, while PAT declined from ₹4.07 crore to ₹3.69 crore, showing a 9% dropping in the PAT between FY25-26.
However, in FY26, sales to Ambica Cotseeds Limited and Vivekanand Industries represented 3.21% and 3.28% of revenue from operations respectively. Also, the company states that related-party transactions and common suppliers and customers pose risks and can create potential conflicts or affect operations if these arrangements change. Working-capital intensity is another important consideration, as the company reported net working capital of ₹35.42 crore at FY26, while its projected requirement rises to ₹59.69 crore in FY27 and ₹69.75 crore in FY28. Notably, the top 10 suppliers accounted for 50.61% of purchases and direct costs in FY26.
Overall, the IPO shows a growing and profitable position of Vivekanand Cotspin in the market but still investors seeking Vivekanand Cotspin IPO need to be aware of the company’s future projects and operational strategies; also its relations with its competitors in the market to make a better decision.
Conclusion
Vivekanand Cotspin IPO is a chance to invest in a growing company that is engaged in the cotton ginning, cotton yarn manufacturing and related trading, supported by export-linked group infrastructure. Some factors to monitor include resulting valuation, cotton raw-material prices, customer and supplier concentration, export exposure and dependence on related-party arrangements. The company aims to utilise the IPO proceeds for the installation of required plant and machinery, working capital requirements and for its daily operational expenses.
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Competitive Strengths
Integrated presence across cotton ginning and yarn manufacturing, with an installed capacity of approximately 8,000 tonnes of cotton bales and 4,550 tonnes of cotton yarn annually.
Spinning infrastructure comprising 25,536 spindles and capability to manufacture different cotton yarn varieties.
Established relationships with textile mills, brokers and business houses across domestic and international markets.
Access to export infrastructure and overseas customer relationships through Ambica Cotseeds Limited.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | 2,22,000 |
| Individual investors (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 |