Vivekanand Cotspin IPO- Company Analysis
Vivekanand Cotspin IPO under the SME IPO category is a book build issue of Rs. 24.05 Cr by Vivekanand Cotspin Limited, which uses ginning, spinning, and trading to process cotton and create yarn.
Yarn, seeds, and cotton bales are among the company's offerings. Cotton spinning and ginning are the company's two main business operations. The company specializes in spinning yarn from pure cotton fibers.
Offering carded and combed solutions for both domestic and foreign markets, the company specializes in cotton yarn. Vivekanand Cotspin serves a variety of companies that require premium yarn for manufacturing textiles and exporting them outside of India. To maintain quality control, it runs spinning mills with effective machinery.
Vivekanand Cotspin IPO Details
The Vivekanand Cotspin IPO date of opening is 21 Sep 2026; its initial public offering will end on 23 Sep, IPO allotment on Sep 24 and refund initiation on Sep 25, 2026.
The Rs. 24.05 crore new SME IPO comprises a wholly a fresh issue of 65 lakh shares.
The Vivekanand Cotspin IPO listing date (expected) might be Monday, Sep 28, 2026, and the listing on the BSE and SME.
The Vivekanand Cotspin IPO price band is Rs. 32 to Rs. 37.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 21, 2026 |
|
IPO Closing Date |
Sep 23, 2026 |
|
IPO Allotment Date |
Sep 24, 2026 |
|
Refund Initiation |
Sep 25, 2026 |
|
IPO Listing Date |
Sep 28, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
84.85 |
87.53 |
84.83 |
|
Total Income |
409.32 |
290.94 |
358.02 |
|
Profit After Tax |
3.69 |
4.07 |
3.35 |
|
EBITDA |
15.09 |
14.59 |
14.59 |
|
Net Worth |
28.94 |
17.26 |
20.62 |
|
Reserves and Surplus |
12.69 |
2.26 |
5.62 |
|
Total Borrowing |
45.00 |
54.76 |
40.02 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
866.64 |
-371.96 |
2,440.04 |
|
Net Cash Flow Investing Activities |
-126.84 |
3.59 |
-1,543.89 |
|
Net Cash Flow Financing Activities |
-733.20 |
381.12 |
-988.79 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding for capital expenditure requirements towards installation of additional plant and machinery. ~ Rs. 5.27 Cr.
-
To meet Working Capital requirements. ~ Rs. 11 Cr.
-
General Corporate Purposes.
Listed Peers of Vivekanand Cotspin Ltd.
|
Name of the Company |
Face value (₹) |
Basic EPS (₹) |
P/E (x) |
|
Deepak Spinners Limited |
10 |
5.06 |
22.11 |
|
Lagnam Spintex Limited |
10 |
8.14 |
9.52 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
15.96% |
|
ROCE |
13.14% |
|
Debt/Equity |
1.56 |
|
RoNW |
15.96% |
|
PAT Margin |
0.90% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 2.45 from the last year, the resulting P/E ratio is 15.10x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
2.27 |
1.62 |
|
P/E (x) |
16.3 |
22.84 |
Explore the Quanto Agroworld IPO.
IPO's Strengths
-
Establishing the Spinning Unit has achieved forward integration into the cotton textile industry.
-
Cost-effective production and timely fulfilment of orders.
-
Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale.
-
Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry.
IPO's Weaknesses
-
Despite higher revenues, Profit After Tax (PAT) dropped from ₹4.94 crores (1.70% margin) in FY2025 to ₹3.68 crores (0.90% margin) in FY2026.
-
The business relies heavily on raw cotton, making profit margins vulnerable to monsoon outcomes and fluctuating cotton prices.
-
Total debt stood at ₹44.98 crores with a debt-to-equity ratio of 1.55x for FY2026, creating higher financial leverage risk.
Vivekanand Cotspin IPO GMP (Grey Market Premium)
Vivekanand Cotspin IPO GMP today is Rs. 0 as of 16 September 2026, while writing this information.
Vivekanand Cotspin IPO Summary
|
IPO Opening & Closing Date |
21 Sep, 2026 to 23 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 32 to Rs. 37 per Share. |
|
Lot Size |
3000 Shares |
|
Issue Size |
65,00,000 Shares (Rs. 24 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
62,00,000 Shares (Rs. 23 Cr) |
|
Market Makers |
3,00,000 Shares (Rs. 1 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (6000 Shares) for Rs. 2,22,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (9000 Shares) for Rs. 3,33,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Vivekanand Cotspin IPO Allotment Status
To check the Vivekanand Cotspin IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Vivekanand Cotspin Ltd.
-
Nirav Bharatbhai Patel
-
Jasmin Vishnubhai Patel
-
Bharatbhai Prahaladbhai Patel
-
Vishnubhai Prahaladdas Patel
-
Gautam Bharatkumar Patel
-
B P Patel Family Trust
-
V P Patel Family Trust
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- Swastika Investmart Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Vivekanand Cotspin IPO, a Rs. 24.05 Cr SME issue opening September 21-23, 2026, offers investors a chance to invest in cotton ginning and yarn spinning at a price band of Rs. 32-37. With forward integration, scalable operations, and proceeds directed toward plant expansion and working capital, the company aims to strengthen its position in the textile value chain.
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