Vivekanand Cotspin Shares List At ₹38 On BSE SME, Open 2.70% Above IPO Price

Mumbai, September 28: Shares of Vivekanand Cotspin made their debut on the BSE SME platform at ₹38 per share on Monday, September 28, 2026. The listing price was ₹1, or 2.70%, above the company’s final IPO price of ₹37 per share.

The listing followed the company’s ₹22.20 crore initial public offering, which comprised an entirely fresh issue of 60 lakh shares. The IPO was subscribed 1.54 times overall during the three-day bidding period from September 21 to September 23.

Vivekanand Cotspin Shares Hold At ₹38 After Listing

After opening at ₹38, Vivekanand Cotspin shares were trading at the same level at 9:41 AM IST, according to the market snapshot.

At ₹38, the stock remained 2.70% above its ₹37 issue price. The snapshot showed trading volume of 13,32,000 shares at the time.

The early trading session marked the first phase of price discovery for the company’s shares following their admission to the BSE SME platform.

₹22.20 Crore IPO Was Entirely A Fresh Issue

Vivekanand Cotspin IPO raised ₹22.20 crore through a fresh issue of 60,00,000 equity shares. The company had fixed the price band at ₹32–₹37 per share, with the final issue price set at the upper end of the band.

A fresh issue involves the company issuing new shares and raising capital directly through the IPO. The funds raised are therefore received by the company, subject to the stated purposes of the issue.

IPO Received 1.54 Times Overall Subscription

The public issue received 1.54 times overall subscription, according to the final basis of allotment.

The QIB category, excluding the anchor allocation, was subscribed 1.19 times, while the NII portion received 2.52 times subscription. The retail category was subscribed 1.76 times.

The final subscription data showed 87,54,000 shares applied for against 57,00,000 shares offered to the public, excluding the market-maker portion.

QIBs Received 28.35 Lakh Shares

The IPO allocation included 28,35,000 shares for QIBs, representing 47.25% of the total issue. This included an anchor allocation of 17,01,000 shares, while 11,34,000 shares were available to QIBs excluding the anchor portion.

The NII category received 8,55,000 shares, or 14.25%, while retail investors were allocated 20,10,000 shares, representing 33.50% of the total issue.

A further 3,00,000 shares were reserved for the market maker.

IPO Lot Size Was Fixed At 3,000 Shares

The minimum application size for retail investors was 3,000 shares. At the final issue price of ₹37 per share, this translated into a minimum investment of ₹1,11,000.

The company had also set the minimum HNI application at 9,000 shares, requiring an investment of ₹3,33,000 at the issue price.

Vivekanand Cotspin Share Price Snapshot At 9:41 AM

At 9:41 AM IST on September 28, Vivekanand Cotspin shares were quoted at ₹38 on BSE SME, unchanged from the listing price.

The stock was therefore trading ₹1, or 2.70%, above its ₹37 IPO price at the time of the market snapshot. Trading volume stood at 13,32,000 shares.

Conclusion

Vivekanand Cotspin shares began their listed-market journey at ₹38 on BSE SME, marking a 2.70% premium to the ₹37 IPO price. The stock continued to trade at ₹38 at 9:41 AM IST, with 13,32,000 shares changing hands. The ₹22.20 crore IPO had closed with 1.54 times overall subscription, with the NII category recording the highest subscription among the main investor categories.

Source:

• https://www.bseindia.com/stock-share-price/vivekanand-cotspin-ltd/vivekanand/544939