• Vivekanand Cotspin Ltd IPO
VIVEKANAND industries logo with a green emblem containing a white cotton boll on the left, an orange letter 'V' leading into "IVEKANAND", and "industries" below.

Vivekanand Cotspin IPO

  • Status: Live
  • RHP:
  • BSE SME
  • ₹ 192,000 / 6000 shares

    Minimum Investment

Vivekanand Cotspin IPO Details

  • Open Date

    21 Sep 2026

  • Close Date

    23 Sep 2026

  • IPO Price Range

    ₹ 32 to ₹37

  • IPO Size

    ₹ 24.05 Cr

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Vivekanand Cotspin IPO Timeline

Vivekanand Cotspin IPO Subscription Status

Last Updated: 21 September 2026 6:11 PM by 5paisa

Vivekanand Cotspin Limited operates in cotton processing and yarn manufacturing, with activities spanning cotton ginning, spinning and trading. Its manufactured products include cotton bales, cotton seeds and cotton yarn. Ginning involves separating cotton fibres from seeds, while the spinning operation converts processed cotton fibres into yarn used for weaving and knitting. 

Its manufacturing facility is located at Rangpurda, Kadi, in Gujarat's Mahesana district, near cotton-producing regions in Gujarat and Maharashtra. The company has an annual production capacity of approximately 4,550.51 tonnes of cotton yarn and 8,000 tonnes of cotton bales. Its cotton-yarn portfolio includes carded and combed yarn, serving domestic customers as well as export markets. 

Established in: 2015

Managing Director: Nirav Bharatbhai Patel 

Peers: 

Pashupati Cotspin Limited  

Deepak Spinners Limited  

Vivekanand Cotspin Objectives

The company proposes to utilise the Net Proceeds towards: 

1. Funding capital expenditure for installation of additional plant and machinery  

2. Meeting the company's working capital requirements  

3. General corporate purposes  

Approximately ₹5.27 crore is proposed to be deployed towards additional plant and machinery and ₹11.00 crore towards working capital requirements. 

Vivekanand Cotspin IPO Size 

Types Size
Total IPO Size ₹24.05 Cr 
Offer For Sale -
Fresh Issue ₹24.05 Cr 

Vivekanand Cotspin IPO Lot Size 

Application Lots Shares Amount (₹)
Retail (Min)   2 6,000  1,92,000 
Retail (Max)   2 6,000  2,22,000 
S-HNI (Min)  3 9,000  2,88,000
S-HNI (Max)  9 27,000   9,99,000 
B-HNI (Min)  10 30,000  9,60,000 

Vivekanand Cotspin IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 0.00 11,43,000 0 0
Non-Institutional Buyers 0.26 8,55,000 2,25,000 0.833
  bNII 0.31 5,70,000 1,74,000 0.644
 sNII 0.18 2,85,000 51,000 0.189
Retail 0.05 20,01,000 96,000 0.355
Total** 0.08 39,99,000 3,21,000 1.188

*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.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY24 FY25 FY26
Revenue 357.39  290.47  408.01 
EBITDA 14.59  14.59  15.09 
PAT 3.35  4.07  3.69 
Particulars (In ₹ Crores) FY24 FY25 FY26
Total Assets 84.83  87.53  84.85 
Share Capital 15.00  15.00  16.25 
Total Liabilities 64.21  70.27  55.91 
Particulars (In ₹Crores.) FY24 FY25 FY26
Net Cash Generated From / (used in) Operating Activities 24.40  -10.79  8.67 
Net Cash Generated From / (used in) Investing Activities -15.44  -0.24  -1.27 
Net Cash Generated From / (used in) Financing Activities -9.89  11.14  -7.33 
Net Increase (Decrease) in Cash and Cash Equivalents -0.93  0.11  0.07 


Strengths

1. The company has forward integration across cotton ginning and spinning, with ginned cotton from its processing operations serving as an input for yarn manufacturing.  

2. Its manufacturing facility is located in Gujarat, providing proximity to cotton-producing regions in Gujarat and Maharashtra.  

3. Installed capacity includes approximately 4,550.51 tonnes of cotton yarn and 8,000 tonnes of cotton bales annually.  

4. The business caters to both domestic and international markets, providing diversification across customer geographies.  

5. The company intends to use part of the fresh issue proceeds to install additional plant and machinery, supporting manufacturing expansion.  

Weaknesses

1. Profitability remains relatively thin, with FY26 PAT of ₹3.69 crore on revenue of ₹408.01 crore. 

2. The business requires significant working capital, with ₹11.00 crore of IPO proceeds earmarked specifically for working capital requirements.  

3. The company's operations depend heavily on raw cotton availability and procurement prices.  

4. Borrowings stood at approximately ₹45.00 crore as of FY26, although they declined from ₹54.76 crore in FY25.  

5. Manufacturing operations are concentrated at the Rangpurda facility, creating exposure to disruptions at a single operating location.  

Opportunities

1. Additional plant and machinery funded through IPO proceeds can support higher manufacturing capacity and operating scale.  

2. India's large textile and apparel ecosystem provides an addressable market for cotton yarn used in weaving and knitting.  

3. The company's integrated ginning and spinning operations provide scope to increase value addition from raw cotton through to yarn.  

4. Expansion in export markets can diversify revenue beyond domestic textile customers.  

5. Growing demand for processed cotton and yarn from downstream textile manufacturers can support utilisation of expanded capacity.  

Threats

1. Raw cotton prices are exposed to weather conditions, crop output, government procurement policies and global demand-supply movements.  

2. Cotton yarn manufacturing is highly competitive, with competition from organised manufacturers, regional spinning mills and international suppliers.  

3. Changes in cotton or yarn prices can affect realisations and margins, particularly when input-price increases cannot be passed on immediately.  

4. Export operations expose the company to foreign-exchange movements and changes in overseas demand.  

5. High power requirements and disruptions to electricity supply can affect utilisation, manufacturing costs and profitability.  

1. Revenue increased to ₹408.01 crore in FY26 from ₹289.74 crore in FY25, reflecting a recovery in operating scale.  

2. The company has integrated cotton ginning and spinning operations, enabling processing from raw cotton through to cotton yarn.  

3. Existing capacity includes approximately 4,550.51 tonnes of cotton yarn and 8,000 tonnes of cotton bales annually.  

4. IPO proceeds include ₹5.27 crore for additional plant and machinery and ₹11.00 crore for working capital requirements.  

5. The business serves domestic and export markets and participates in India's broader cotton and textile manufacturing value chain.  

India has a sizeable textile and apparel ecosystem spanning fibre, yarn, fabric, garments and finished textile products. The domestic textile and apparel market was estimated at approximately USD 125 billion in 2023, while exports contributed around USD 40 billion to the broader USD 165 billion market. Cotton remains an important raw material across India's textile value chain. 

Vivekanand Cotspin participates in the upstream portion of this ecosystem through cotton ginning and spinning. Its integrated structure allows raw cotton to be processed into cotton bales and subsequently into yarn, increasing the level of value addition within the business. Its Rangpurda manufacturing location also places the company close to cotton-growing areas in Gujarat and Maharashtra. 

The proposed investment in additional plant and machinery could support further manufacturing scale, while ₹11.00 crore earmarked for working capital is intended to support operating requirements. Growth nevertheless remains sensitive to cotton-price movements, utilisation levels, textile demand and the company's ability to manage relatively thin operating margins. 

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FAQs

Vivekanand Cotspin IPO opens from 21 September 2026 to 23 September 2026. 

The size of the Vivekanand Cotspin IPO is approximately ₹24.05 crore at the upper price band. The issue comprises an entirely fresh issue of up to 65,00,000 equity shares. 

The price band of Vivekanand Cotspin IPO is fixed at ₹32 to ₹37 per share. 

1. Login to your 5paisa demat account and select the issue in the current IPO section.  

2. Enter the number of lots and the price at which you wish to apply for the Vivekanand Cotspin IPO.  

3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.  

4. You will receive a mandate notification to block funds in your UPI app.  

The IPO lot size is 3,000 shares. Under the applicable SME bidding structure, an Individual Investor must apply for at least two lots, equivalent to 6,000 shares. At the upper price band of ₹37 per share, the minimum eligible application amounts to ₹2,22,000. 

The basis of allotment for the Vivekanand Cotspin IPO is expected to be finalised on 24 September 2026. 

The Vivekanand Cotspin IPO is tentatively scheduled to list on the BSE SME platform on 28 September 2026. 

Swastika Investmart Limited is the book-running lead manager for the Vivekanand Cotspin IPO. 

The company proposes to use the Net Proceeds towards: 

1. Funding capital expenditure for installation of additional plant and machinery  

2. Meeting working capital requirements  

3. General corporate purposes