Siddhi Cotspin IPO- Company Analysis
Siddhi Cotspin IPO under the SME IPO category is a bookbuild issue of Rs. 69.85 Cr by Siddhi Cotspin Ltd, which was incorporated in 2015, and is producing and marketing cotton yarns, including specialized and value-added yarns.
Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn are just a few of the many value-added cotton yarns that the company offers.
It has established enduring and solid client connections over time. About 90,11,850 kg of cotton yarn and 2,70,35,550 kg of value-added yarn can be produced annually by the facility.
Siddhi Cotspin IPO Details
The Siddhi Cotspin IPO date is on 19 September 2025, and its initial public offering will end on 23 Sep with IPO allotment on Sep 24, and refund initiation on Sep 25, 2025.
The Rs. 69.85 crore new SME IPO comprises a combination of fresh issue of 0.49 crore shares (Rs. 53.40 Cr) and an offer for sale (OFS) of 0.15 crore shares (Rs. 16.46 Cr).
The Siddhi Cotspin IPO listing date (expected) might be on Friday, Sep 26, 2025, and listing at the NSE and SME.
The Siddhi Cotspin IPO price band is Rs. 102 to Rs. 108.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 19, 2025 |
|
IPO Closing Date |
Sep 23, 2025 |
|
IPO Allotment Date |
Sep 24, 2025 |
|
Refund Initiation |
Sep 25, 2025 |
|
IPO Listing Date |
Sep 26, 2025 |
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Company Financials
(Amount in Cr)
|
Period |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Total Assets |
182.83 |
181.25 |
184.13 |
|
Total Revenue |
724.66 |
581.18 |
199.88 |
|
PAT |
13.08 |
12.18 |
6.02 |
|
EBITDA |
32.87 |
34.72 |
25.10 |
|
Net Worth |
79.44 |
66.36 |
54.18 |
|
Reserves & Surplus |
59.98 |
46.90 |
49.75 |
|
Total Borrowing |
67.11 |
90.58 |
113.78 |
Cash Flows
(Amount in lac)
|
Net Cash Flow in Multiple Activities |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
2,895.82 |
1,866.14 |
2,841.40 |
|
Net Cash Flow Investing Activities |
50.19 |
(5.27) |
(83.44) |
|
Net Cash Flow Financing Activities |
(2,947.29) |
(3,158.51) |
(3,277.33) |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Finance the company's operating capital needs. ~ Rs. 25.10 Cr.
-
Payback or early repayment of all or a portion of certain outstanding debts. ~ Rs. 8.97 Cr.
-
General Corporate Purposes.
Listed Peers of Siddhi Cotspin Ltd.
|
Company Name |
Face Value (Rs. per Share) |
EPS (Rs.) |
P/E (x) |
|
Lagnam Spintex Limited |
10 |
7.28 |
12.84 |
|
Pashupati Cotspin Limited |
10 |
9.11 |
68.62 |
|
United Polyfab Gujarat Limited |
10 |
7.71 |
19.39 |
Valuation
|
Metric |
Value |
|
ROCE |
14.88% |
|
ROE |
17.95% |
|
PBV |
2.65 |
|
Debt/Equity |
0.84 |
|
PAT Margin |
1.81% |
|
EBITDA Margin |
4.54% |
|
RoNW |
16.47% |
Evaluation of P/E Ratio
Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 6.72 from the last year, the resulting P/E ratio is 16.07x. When compared with the industry’s average P/E of 33.62x, it indicates a justified price bid (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.
Explore the Sampat Aluminium IPO.
IPO's Strengths
-
Top quality standard.
-
Skilled management team and promoter.
-
Robust and varied supplier network.
-
Making the best use of available resources.
-
Enduring connections with our clients.
IPO’s Weaknesses
-
Since cotton is a commodity, changes in its price could have an impact on production costs and lower profit margins.
-
Purchasing raw materials at competitive prices to guarantee a minimal effect on manufacturing expenses.
-
Price fluctuations for raw materials.
-
Fierce competition and reduced product margins.
Siddhi Cotspin IPO GMP (Grey Market Premium)
Siddhi Cotspin IPO GMP today has not started yet as of 17 Sep 2025 at the time of writing this information.
Siddhi Cotspin IPO Summary
The Siddhi IPO has a market maker portion size of 3,24,000 Shares (Rs. 3.50 Cr).
|
IPO Opening & Closing Date |
19 Sep, 2025 to 23 Sep, 2025 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 102 to Rs. 108 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
64,68,000 Shares (Rs. 69.85 Cr) |
|
Offer for Sale |
15,24,000 Shares (Rs. 16.46 Cr) |
|
Fresh Issue |
46,20,000 Shares (Rs. 49.90 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Bookbuilding IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,59,200 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,88,800.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
S-HNI (Min) |
3 Lots |
Siddhi Cotspin IPO Allotment Status
To check the Siddhi Cotspin IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.
Using BSE Website - "‹BSE IPO allotment status
Promoters And Management of Siddhi Cotspin Ltd.
-
Mr. Navin Saraogi
-
Mr. Aansh Rajesh Bindal
|
Pre-Issue Promoter Shareholding |
85.57% |
|
Post-Issue Promoter Shareholding |
65.56% |
IPO Lead Managers
-
Swastika Investmart Ltd.
Dividend Policy
The company has not paid a dividend during the last three fiscal years.
Conclusion
With solid financial growth and existing client contacts, the Siddhi Cotspin IPO offers investors a chance to get involved in India's expanding textile and yarn sector. Even while the value seems reasonable in comparison to peers, there are concerns, such as changes in the price of cotton and pressure on margins.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
