Siddhi Cotspin IPO: Price, GMP, Analysis, And Details

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

 

Click to open demat account and apply for the IPO.

 

 

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.

 

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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. 

To Apply for the IPO, Click Here.

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.