Siddhi Cotspin IPO
IPO Listing Details
- Listing Date
26 Sep 2025
- Listing Price
₹ 86.40
- Listing Change
-20.00%
- Last Traded Price
₹ 30.40
Siddhi Cotspin IPO Details
-
Open Date
19 Sep 2025
-
Close Date
23 Sep 2025
-
Listing Date
26 Sep 2025
- IPO Price Range
₹ 102 to ₹108
- IPO Size
₹ 69.85 Cr
- Listing Exchange
NSE SME
Siddhi Cotspin IPO Timeline
Siddhi Cotspin IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Sep-25 | 6.38 | 5.65 | 0.34 | 2.20 |
| 22-Sep-25 | 13.92 | 5.43 | 0.61 | 3.12 |
| 23-Sep-25 | 17.53 | 5.94 | 1.50 | 4.21 |
Last Updated: 23 September 2025 6:45 PM by 5paisa
Siddhi Cotspin Limited, incorporated in November 2015 and headquartered in Ahmedabad, Gujarat, is engaged in the manufacturing and sale of cotton yarn. The company produces both regular and value-added specialty yarns, catering to domestic and international markets. Its operations are centred around a modern spinning facility located at Dholi Integrated Spinning Park, equipped with 29,376 spindles to support high-volume production.
The promoters bring decades of textile industry experience, led by Managing Director Mr. Navin Saraogi. With its strategic location near India’s cotton belt, Siddhi Cotspin benefits from easy access to raw materials and established supply chains. The company’s focus on value-added yarns, supported by modern infrastructure and operational scale, positions it well to capitalise on evolving demand in the textile sector.
Established in: 2015
Managing Director: Mr. Navin Saraogi
Peers:
Lagnam Spintex Ltd
Pashupati Cotspin Ltd
Other SME spinning and yarn producers in Gujarat and nearby regions
Siddhi Cotspin Objectives
1. Funding working capital requirements (₹25.1 crore)
2. Repayment or prepayment of certain borrowings (₹8.97 crore)
3. General corporate purposes
Siddhi Cotspin IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹69.85 Cr |
| Offer For Sale | ₹16.46 Cr |
| Fresh Issue | ₹53.39 Cr |
Siddhi Cotspin IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,44,800 |
| Retail (Max) | 2 | 2,400 | 2,59,200 |
| S-HNI (Min) | 3 | 3,600 | 3,88,800 |
| S-HNI (MAX) | 6 | 7,200 | 7,77,600 |
| B-HNI (Min) | 7 | 8,400 | 907,200 |
Siddhi Cotspin IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 17.53 | 6,14,400 | 1,07,72,400 | 116.34 |
| NII (HNI) | 5.94 | 13,34,400 | 79,28,400 | 85.63 |
| Individual Investors (IND category bidding for 2 Lots) | 1.50 | 38,71,200 | 58,03,200 | 62.67 |
| Total** | 4.21 | 58,20,000 | 2,45,04,000 | 264.64 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 199.32 | 580.88 | 724.54 |
| EBITDA | 25.10 | 34.71 | 32.86 |
| PAT | 6.01 | 12.18 | 13.08 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 184.12 | 181.25 | 182.83 |
| Share Capital | 4.42 | 181.25 | 19.46 |
| Total Borrowings | 113.77 | 90.58 | 67.11 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 28.41 | 18.66 | 28.95 |
| Net Cash Generated From / (used in) investing activities | -0.83 | -0.05 | 0.5 |
| Net Cash Generated From / (used in) financing activities | -32.77 | -31.58 | -29.47 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -5.19 | -12.97 | -0.01 |
Strengths
1. Experienced promoters in textile industry
2. Plant located near cotton belt
3. Strong growth in top-line revenues
4. Improving debt protection metrics
5. High capacity and scale of operations
Weaknesses
1. Profit margins under pressure recently
2. Intense competition among yarn producers
3. Margins affected by rising input costs
4. Vulnerability to price and wage fluctuations
5. Working capital-intensive operations
Opportunities
1. Growing demand for specialty cotton yarn
2. Expansion in value-added yarn segments
3. Favourable government textile policies
4. Export opportunities in global markets
5. Innovation in yarn quality and blends
Threats
1. Volatile raw material (cotton) prices
2. Dependence on few major customers
3. Fluctuating demand cycles in textiles
4. Regulatory or export duty changes
5. Over-supply risk in commodity yarns
1. Strong revenue growth in recent years
2. Improving debt and financial risk profile
3. Experienced and established promoter team
4. Strategic location near raw material sources
5. Focus on value-added and specialty yarns
6. Positioned as an attractive SME IPO opportunity
The textile industry in India remains one of the country’s core manufacturing sectors, with Gujarat being a leading hub due to its proximity to cotton farms, skilled workforce, and integrated supply chains. Siddhi Cotspin is well-placed within this ecosystem, operating a modern spinning facility that enables both scale and quality. With rising demand for premium and value-added cotton yarns in apparel, home textiles, and export markets, the company has a strong runway for growth. Its recent financial performance, improving credit profile, and strategic raw material access provide further support. Sustained growth will depend on its ability to manage input cost volatility, expand product mix, and capture export opportunities amid an intensely competitive landscape.
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FAQs
Siddhi Cotspin IPO opens from September 19, 2025 to September 23, 2025.
The size of Siddhi CotspinIPO is ₹69.85 Cr.
The price band of Siddhi Cotspin IPO is fixed at ₹102 to ₹108 per share.
To apply for Siddhi Cotspin IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Siddhi Cotspin IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Siddhi Cotspin IPO is of 2,400 shares and the investment required is ₹2,44,800.
The share allotment date of Siddhi Cotspin IPO is September 25, 2025
The Siddhi Cotspin IPO will likely be listed on September 26, 2025.
Swastika Investmart Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Siddhi Cotspin plans to utilise the raised capital from the IPO for:
● Funding working capital requirements (₹25.1 crore)
● Repayment or prepayment of certain borrowings (₹8.97 crore)
● General corporate purposes
Siddhi Cotspin Contact Details
Survey 279 & 280, Unit No.13, Sub Plot No. 18
Sector 3 of Dholi Integrated Spinning Park,
Ahmedabad, Gujarat, 382240
Phone: 91 70690 08810
Email: cs@siddhicotspin.com
Website: http://www.siddhicotspin.com/
Siddhi Cotspin IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: scpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Siddhi Cotspin IPO Lead Manager
Swastika Investmart Ltd