Siddhi Cotspin Limited’s initial public offering (IPO) witnessed moderate demand over its three-day subscription period, reaching 4.21 times by 5:30:01 PM on September 23, 2025. The IPO, priced between ₹102-108 per share, was valued at ₹69.85 crore, reflecting steady investor interest in this SME textile company incorporated in 2015.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Siddhi Cotspin IPO Qualified Institutional Buyers (QIBs) led the momentum with a strong 17.53 times subscription, followed by Non-Institutional Investors (NIIs) at 5.94 times. Individual investors showed limited participation at 1.50 times, while market makers completed their quota at 1.00 times. In total, the IPO attracted 2,580 applications.
IPO Subscription Status – Day 3
| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (September 19) | 6.38 | 5.65 | 0.34 | 2.20 |
| Day 2 (September 22) | 13.92 | 5.43 | 0.61 | 3.12 |
| Day 3 (September 23) | 17.53 | 5.94 | 1.50 | 4.21 |
Detailed Subscription Breakdown
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 3,24,000 | 3,24,000 | 3.50 |
| QIB (Ex Anchor) | 17.53 | 6,14,400 | 1,07,72,400 | 116.34 |
| Non-Institutional Buyers | 5.94 | 13,34,400 | 79,28,400 | 85.63 |
| Individual Investors | 1.50 | 38,71,200 | 58,03,200 | 62.67 |
| Total | 4.21 | 58,20,000 | 2,45,04,000 | 264.64 |
Key Highlights – Day 3
- Overall subscription closed at 4.21 times, improving from 3.12x on Day 2.
- QIBs led with 17.53x subscription, showing strong institutional confidence.
- Non-institutional investors posted 5.94x, led by bNII at 9.47x.
- Retail participation improved to 1.50x, up from 0.61x on Day 2.
- Total applications stood at 2,580, with 2,418 from retail investors.
- Cumulative bid amount reached ₹264.64 crore, 379% of the issue size.
About Siddhi Cotspin Ltd.
Incorporated in 2015, Siddhi Cotspin Limited is engaged in the manufacturing and sale of cotton yarn, including value-added and specialty yarns. The company operates a facility in Dholi, Ahmedabad, Gujarat, with 29,376 spindles and an annual production capacity of approximately 90.12 lakh kgs of cotton yarn and 270.36 lakh kgs
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