Vivekanand Cotspin IPO

Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in cotton ginning and spinning, with a focus on manufacturing cotton yarn and cotton bales. Its product portfolio includes carded and combed cotton yarn, serving domestic and international markets. The company operates its manufacturing facility at Rangpurda, Kadi, in Gujarat’s Mahesana district, close to major cotton-growing regions. It has an annual production capacity of approximately 4,550 tonnes of cotton yarn and 8,000 tonnes of cotton bales. The company has also established forward integration through its spinning operations. As of 30 May 2026, Vivekanand Cotspin had 146 employees on its payroll.

Vivekanand Cotspin Limited IPO Overview

Vivekanand Cotspin Limited IPO is a bookbuilding issue of approximately ₹24.05 crore comprising an entirely fresh issue of 65 lakh shares. The IPO will open for subscription on 21 September 2026 and close on 23 September 2026. The allotment is expected to be finalised on 24 September 2026, while refunds and credit of shares to demat accounts are scheduled for 25 September 2026. The company is proposed to list its shares on the BSE SME platform on 28 September 2026. The IPO price band is fixed at ₹32 to ₹37 per share, with a lot size of 3,000 shares. Individual investors must apply for a minimum of two lots, representing 6,000 shares and an investment of ₹2,22,000 at the upper price band. S-HNI investors require at least three lots, or 9,000 shares. Swastika Investmart Ltd. is the book running lead manager, MUFG Intime India Pvt. Ltd. is the registrar and Sunflower Broking Pvt. Ltd. is the market maker.

Vivekanand Cotspin Limited IPO Details

Particulars	Details
IPO Date	21 to 23 September 2026
Listing Date	28 September 2026
Face Value	₹10 per share
Issue Price Band	₹32 to ₹37 per share
Lot Size	3,000 Shares
Total Issue Size	65,00,000 shares (aggregating up to ₹24.05 Cr)
Fresh Issue	65,00,000 shares (aggregating up to ₹24.05 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,62,50,000 shares
Share Holding Post Issue	2,27,50,000 shares
Market Maker Portion	3,00,000 shares

Vivekanand Cotspin Limited IPO Reservation

Investor Category	Shares Offered
QIB	50.00% of the Net Issue
Retail	35.00% of the Net Issue
NII (HNI)	15.00% of the Net Issue

Vivekanand Cotspin Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investors (Min)	2	6,000	₹2,22,000
Individual Investors (Max)	2	6,000	₹2,22,000
S-HNI (Min)	3	9,000	₹3,33,000
S-HNI (Max)	9	27,000	₹9,99,000
B-HNI (Min)	10	30,000	₹11,10,000

Vivekanand Cotspin Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	71.43%

Vivekanand Cotspin Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹1.62
Price/Earnings (P/E) Ratio	22.84x
Return on Net Worth (RoNW)	15.96%
Net Asset Value (NAV)	₹17.81
Return on Equity	15.96%
Return on Capital Employed (ROCE)	13.14%
EBITDA Margin	3.70%
PAT Margin	0.90%
Debt to Equity Ratio	1.56

EPS and P/E are post-issue valuation figures, while the other KPI figures are based on March 2026 data.

Objectives of the Proceeds

1. Funding capital expenditure towards installation of additional plant and machinery, with an estimated allocation of ₹5.27 crore.

2. Meeting working capital requirements to support the company’s operating cycle and business requirements, with an estimated allocation of ₹11.00 crore.

3. General corporate purposes to support permitted business requirements, with the balance of the net proceeds allocated accordingly.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	84.85	87.53	84.83
Revenue	409.32	290.94	358.02
Profit After Tax	3.69	4.07	3.35
Reserves and Surplus	12.69	2.26	5.62
Total Borrowings	45.00	54.76	40.02

IPO Strengths

1. Establishing the Spinning Unit has achieved forward integration into the cotton textile industry.

2. Cost-effective production and timely fulfilment of orders.

3. Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale.

4. Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry.

5. Experienced Promoters.

Peer Group Comparison

As per the available peer comparison, Vivekanand Cotspin Limited can be compared with selected listed entities in the textile sector based on the available financial parameters as of 31 March 2026.

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)
Vivekanand Cotspin Ltd.	2.45	2.45	17.81	—	15.96
Peer Group
Deepak Spinners Ltd.	5.06	5.06	319.10	22.11	1.60
Pashupati Cotspin Ltd.	8.14	8.14	76.60	9.52	11.23