Siddhi Cotspin IPO

₹1,22,400/1,200 shares

Minimum Investment

IPO Details

Open Date

19 Sep 25

Close Date

23 Sep 25

Minimum Investment

₹1,22,400

Lot Size

1,200

Price Range

₹102 to ₹108

Listing Exchange

NSE

Issue Size

₹69.85 Cr

Listing Date

26 Sep 25

Open Free Demat Account

Siddhi Cotspin IPO Timeline

Bidding Start

19 Sep 25

Bidding Ends

23 Sep 25

Allotment Finalisation

24 Sep 25

Refund Initiation

25 Sep 25

Demat Transfer

25 Sep 25

Listing

26 Sep 25

Siddhi Cotspin Limited

Siddhi Cotspin manufactures and sells a wide range of cotton yarns, including value-added and specialty varieties such as Compact Carded and Combed Hosiery, Compact Weaving Yarns, Eli Yarns, Slub and Siro Slub Yarn, Lycra-Core Spin Yarn, and TFO Double Yarn, which enhances strength and durability. Catering to textile manufacturers, garment exporters, and distributors, the company emphasises quality, reliability, and timely delivery. Its Ahmedabad facility has 29,376 spindles with advanced automated machinery, producing over 90 lakh kgs of cotton yarn and 2.7 crore kgs of value-added yarns annually, ensuring efficiency, consistent quality, and sustainable operations.

Siddhi Cotspin Limited IPO Overview

Siddhi Cotspin IPO is a book-built issue worth ₹69.85 crores, comprising a fresh issue of 0.49 crore shares aggregating ₹53.40 crores and an offer for sale of 0.15 crore shares totaling ₹16.46 crores. The IPO opens for subscription on 19 September 2025 and closes on 23 September 2025, with allotment expected on 24 September 2025. It will list on NSE SME tentatively on 26 September 2025. The price band is ₹102 to ₹108 per share, with a lot size of 1,200 shares. Retail investors must invest a minimum of ₹2,59,200 (2,400 shares), while HNIs require a minimum of 3 lots (3,600 shares) amounting to ₹3,88,800. Swastika Investmart Ltd. is the lead manager, Kfin Technologies Ltd. is the registrar, and Jevin Stock Broker Pvt. Ltd. is the market maker.

Siddhi Cotspin Limited IPO Details

Particulars	Details
IPO Date	19 September 2025 to 23 September 2025
Listing Date	26 September 2025
Face Value	₹10 per share
Issue Price Band	₹102 to ₹108 per share
Lot Size	1,200 Shares
Total Issue Size	64,68,000 shares (aggregating up to ₹69.85 Cr)
Fresh Issue	46,20,000 shares (aggregating up to ₹49.90 Cr)
Offer for Sale	15,24,000 shares (aggregating up to ₹16.46 Cr)
Market Maker Portion	3,24,000 shares (aggregating up to ₹3.50 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,94,62,491 shares
Share Holding Post Issue	2,44,06,491 shares

Siddhi Cotspin Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	3,24,000 (5.01%)
QIB	6,14,400 (9.50%)
NII (HNI)	16,58,400 (25.64%)
Retail	38,71,200 (59.85%)
Total	64,68,000 (100.00%)

Siddhi Cotspin Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,59,200
Retail (Max)	2	2,400	₹2,59,200
S-HNI (Min)	3	3,600	₹3,88,800
S-HNI (Max)	7	8,400	₹9,07,200
B-HNI (Min)	8	9,600	₹10,36,800

Siddhi Cotspin Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	85.57%
Post-Issue	65.56%

Siddhi Cotspin Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹6.72 (Pre IPO) / ₹5.36 (Post IPO)
Price/Earnings (P/E) Ratio	16.06x (Pre IPO) / 20.15x (Post IPO)
Return on Net Worth (RoNW)	16.47%
Net Asset Value (NAV)	₹40.82
Return on Equity (ROE)	17.95%
Return on Capital Employed (ROCE)	14.88%
EBITDA Margin	4.54%
PAT Margin	1.81%
Debt to Equity Ratio	0.84

Objectives of the Proceeds

Funding working capital requirements of the company – ₹25.10 Cr.

Repayment or prepayment of certain outstanding borrowings – ₹8.97 Cr.

General corporate purposes to support future growth – balance proceeds.

Key Financials (₹ in crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	182.83	181.25	184.13
Revenue	724.66	581.18	199.88
Profit After Tax	13.08	12.18	6.02
Reserves and Surplus	59.98	46.90	49.75
Total Borrowings	67.11	90.58	113.78

SWOT Analysis of Siddhi Cotspin IPO

Strength and Opportunities

Strong promoter experience with expertise in cotton yarn industry
Wide product portfolio including value-added and specialty yarns
Advanced automated manufacturing unit ensuring consistent quality
Long-standing relationships with reputed clients and distributors
Growing demand for value-added yarns across textile sector

Risks and Threats

Fluctuations in raw material prices may impact margins
Dependency on external suppliers for certain raw materials
Competition from established domestic and international players
Exposure to foreign exchange risks in export business
Vulnerability to changing government textile policies

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About Siddhi Cotspin Limited

Siddhi Cotspin IPO Strengths

Experienced promoter team driving consistent performance and strategic expansion.

Advanced automated machinery ensuring consistent productivity and quality output.

Wide product portfolio including cotton and value-added specialty yarns.

Long-standing relationships with reputed customers ensuring repeat orders.

Sustainable practices minimising waste and conserving energy at operations.

Peer Group Comparison (as on March 31, 2025)

Company Name	EPS (₹)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Siddhi Cotspin Ltd.	6.72	40.82	16.06	16.47	2.65
Peer Group
Lagnam Spintex Ltd.	7.28	68.41	12.84	10.64	1.37
Pashupati Cotspin Ltd.	9.11	86.80	68.62	10.64	7.27
United Polyfab Gujarat Ltd.	7.71	42.41	19.39	18.18	3.55

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