Vivekanand Cotspin IPO Subscription Status Day 2: Issue Subscribed 0.17 Times

Authored By HDFC SKY | Published at: Sep 22, 2026 05:37 PM IST

Vivekanand Cotspin IPO Day 2 subscription stood at 0.17x as of 5:14:54 PM on September 22, 2026, with NII at 0.35x, retail at 0.20x and QIB at 0.00x.

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Mumbai, September 22: Vivekanand Cotspin IPO opened for subscription on September 21, 2026, and will close on September 23, 2026. The book-built public issue comprises a fresh issue of 60,00,000 shares aggregating up to ₹22.20 crore. The price band is fixed at ₹32 to ₹37 per share, while the lot size is 3,000 shares.

Vivekanand Cotspin IPO Day 2 Subscription Status

The Day 2 subscription data was recorded at 5:14:54 PM on September 22, 2026. The overall public issue subscription and category-wise figures are shown below.

Category	Subscription
QIB (Ex Anchor)	0.00x
NII	0.35x
Individual Investors	0.20x
Total	0.17x

The anchor investor and market maker portions are excluded from the total public subscription calculation.

Category-wise Vivekanand Cotspin IPO Subscription Status

The issue has a total size of 60,00,000 shares, including 3,00,000 shares reserved for the market maker. The QIB allocation includes an anchor investor portion of 17,10,000 shares, while the QIB portion excluding anchor investors comprises 11,43,000 shares.

Investor Category	Shares Offered	Shares Bid For	Total Amount (₹ Cr)	Subscription
Anchor	17,10,000	17,10,000	6.327	1.00x
Market Maker	3,00,000	3,00,000	1.110	1.00x
QIB (Ex Anchor)	11,43,000	0	0.000	0.00x
NII	8,55,000	2,97,000	1.099	0.35x
NII (> ₹10L)	5,70,000	2,04,000	0.755	0.36x
NII (< ₹10L)	2,85,000	93,000	0.344	0.33x
Individual Investors	20,01,000	4,02,000	1.487	0.20x
Total Public Issue	39,99,000	6,99,000	2.586	0.17x

The subscription table excludes the anchor investor and market maker portions from the total public issue calculation. The issue had received 81 applications at the time of the Day 2 update.

Vivekanand Cotspin Day-Wise Subscription Summary

The issue entered its second day of bidding on September 22, 2026. The latest subscription data was recorded at 5:14:54 PM.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Individual Investors	Total
September 21, 2026 (Day 1)	0.00x	0.26x	0.31x	0.18x	0.05x	0.08x
September 22, 2026 (Day 2)	0.00x	0.35x	0.36x	0.33x	0.20x	0.17x

Vivekanand Cotspin IPO Timeline

IPO Milestone	Date
Issue Open Date	September 21, 2026
Issue Close Date	September 23, 2026
Basis of Allotment Date	September 24, 2026
Initiation of Refunds	September 25, 2026
Credit of Shares	September 25, 2026
Listing Date	September 28, 2026

Brief Overview Of The IPO

Vivekanand Cotspin is raising ₹22.20 crore through a fresh issue of 60,00,000 shares. The company is engaged in cotton processing and yarn manufacturing, with operations covering cotton ginning, spinning and trading. The book-built IPO has a price band of ₹32 to ₹37 per share and a face value of ₹10 per share. The lot size is 3,000 shares. The minimum application for individual investors is two lots, comprising 6,000 shares, requiring ₹2,22,000 at the upper end of the price band.

Vivekanand Cotspin processes raw cotton into cotton bales and cotton seeds through ginning and converts processed cotton into yarn through spinning. Its product portfolio includes cotton bales, cotton seeds and cotton yarn, including carded and combed varieties. The company operates its manufacturing facility at Rangpurda, Kadi, in Gujarat’s Mahesana district and caters to domestic and international markets. The IPO is scheduled to list on the BSE SME platform on September 28, 2026. Swastika Investmart Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. Sunflower Broking Pvt. Ltd. is the market maker.

Source:

https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4832&type=IPO&idtype=1&status=L&IPONo=7981&startdt=21%2F09%2F2026

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