Vivekanand Cotspin Shares List at ₹38 on BSE SME, 2.70% Above IPO Price

Vivekanand Cotspin shares made their stock market debut on September 28, 2026, opening at ₹38 per share on the BSE SME platform. The listing price was ₹1, or 2.70%, above the IPO issue price of ₹37 per share.
At 11:39 AM IST, the stock was quoted at ₹39.90, up 7.84% from the issue price. The 5paisa share-price page showed an intraday high of ₹40 and a low of ₹38 at that snapshot. 

The listing followed Vivekanand Cotspin’s IPO, which was open for subscription from September 21 to September 23, 2026. The ₹24.05 crore issue was subscribed 1.79 times overall. Its price band was ₹32 to ₹37 per share.

Vivekanand Cotspin processes cotton and manufactures yarn. Its operations include cotton ginning, spinning and trading, with products such as cotton bales, cotton seeds, and carded and combed cotton yarn. 

Vivekanand Cotspin IPO Listing Details

Vivekanand Cotspin’s IPO comprised an entirely fresh issue of up to 65,00,000 equity shares. Bidding opened on September 21 and closed on September 23, 2026. The price band was fixed at ₹32 to ₹37 per share, and the issue was subscribed 1.79 times overall. 

The shares opened at ₹38 on September 28. At 11:39 AM IST, they were quoted at ₹39.90, representing a gain of 7.84% over the ₹37 issue price.

- Issue Price: ₹37 per share
- BSE SME Listing Price: ₹38 per share
- Listing Premium: ₹1, or 2.70%
- Trading Price: ₹39.90 per share at 11:39 AM IST
- Change From Issue Price: +7.84%
- Intraday High: ₹40
- Intraday Low: ₹38
- Overall Subscription: 1.79 times
- Fresh Issue: Up to 65,00,000 equity shares
- Offer for Sale: Nil
- Price Band: ₹32 to ₹37 per share
- IPO Open Date: September 21, 2026
- IPO Close Date: September 23, 2026
- Listing Date: September 28, 2026
- Exchange: BSE SME 5paisa

First-Day Trading Performance

Listing Price: Vivekanand Cotspin share price opened at ₹38 on the BSE SME platform, 2.70% above the ₹37 issue price.

The stock was quoted at ₹39.90 at 11:39 AM IST, a gain of ₹2.90, or 7.84%, over the issue price. The intraday high of ₹40 was 8.11% above the issue price, while the low of ₹38 matched the listing price.

The market debut followed an IPO subscribed 1.79 times during its three-day bidding period. 

Growth Drivers and Challenges

Growth Drivers

Ginning and Spinning Operations: Vivekanand Cotspin operates across cotton processing and yarn manufacturing, allowing it to use processed cotton fibres in its spinning business.

Domestic and Export Markets: The company supplies cotton yarn to customers in India and overseas.

Planned Machinery Investment: The company proposes to use part of the fresh issue proceeds to install additional plant and machinery.

Challenges

Cotton Price Exposure: Changes in cotton availability and prices can affect input costs and margins.

Working Capital Requirements: Procurement, production and customer payment cycles can create funding needs.

Competitive Industry: The company operates in a cotton and yarn market with other domestic manufacturers and suppliers.

Utilisation of IPO Proceeds

Vivekanand Cotspin’s IPO was an entirely fresh issue. The company proposes to use approximately ₹5.27 crore for additional plant and machinery and ₹11.00 crore for working capital. The remaining net proceeds are intended for general corporate purposes.

The key proposed uses are:
- Installation of additional plant and machinery
- Working capital requirements
- General corporate purposes 5paisa

Business and IPO Overview

Vivekanand Cotspin is engaged in cotton ginning, spinning and trading. It manufactures cotton bales, cotton seeds and cotton yarn, including carded and combed yarn. Its facility is located at Rangpurda in Gujarat’s Mahesana district.

The ₹24.05 crore IPO comprised up to 65,00,000 fresh equity shares, with no offer-for-sale component. It opened on September 21, closed on September 23 and was subscribed 1.79 times overall.
Shares listed at ₹38 on the BSE SME platform on September 28, compared with the ₹37 issue price. At 11:39 AM IST, the stock was quoted at ₹39.90.