Vivekanand Cotspin (SME IPO)
📅 Dates: 21 - 23 Sep • 💰 Issue Size: 65,00,000 shares (agg. up to ₹24 Cr)Complete guide to Vivekanand Cotspin SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (SME) |
| Issue Dates | 21 - 23 Sep |
| Price Band | ₹32 to ₹37 |
| Total Issue Size | 65,00,000 shares (agg. up to ₹24 Cr) |
| Minimum Market Lot | 3000 shares |
| Listing Price (Debut) | ₹43.00 (+₹0.03 (+0.07%) 🚀) |
| Subscription Status | 1.79x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐☆☆☆ (2/5 - Low / Mild Demand) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Vivekanand Cotspin runs a traditional cotton processing operation out of Gujarat, converting raw cotton into finished products like cotton bales, seeds, and carded or combed yarn. Domestic textile mills and international buyers pay them for these bulk raw materials and intermediate products.🚀 Key Strengths & Growth Drivers
• Established manufacturing setup in Gujarat with a decent installed capacity of 4,550 tons of yarn and 8,000 tons of bales annually.• Proximity to major cotton-producing belts in western India, which keeps local procurement and logistics costs manageable.
• Experienced promoter background in the textile trade, helping them navigate volatile raw material pricing cycles.
⚠️ Key Risks & Red Flags
• Commodity margin traps: Cotton ginning and spinning are low-margin, highly commoditized businesses at the mercy of unpredictable global raw cotton prices and MSP fluctuations.• Working capital heavy: The business ties up significant cash in seasonal inventory holding and receivables, leaving little room for margin error.
• Standard SME liquidity constraints: Trading volumes post-listing on the NSE SME platform can dry up fast, making exits difficult if the stock turns south.
🎯 Retail Verdict
This is a low-margin commodity play operating in a cyclical sector with standard SME liquidity risks. Given the lack of a strong structural moat or high-growth SaaS-like economics, retail investors should exercise extreme caution and look past any short-term listing day hype.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Mon, Sep 21, 2026 |
| IPO Close | Wed, Sep 23, 2026 |
| Allotment | Thu, Sep 24, 2026 |
| Refund | Fri, Sep 25, 2026 |
| Credit of Shares | Fri, Sep 25, 2026 |
| Listing | Mon, Sep 28, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 1.26x |
| Non-Institutional / HNI | 2.41x |
| Retail Individual (RII) | 1.82x |
| Total Subscription | 1.79x (Updated: 07 Oct, 17:47) |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 6000 | ₹2,22,000 |
| Individual investors (IND) (Max) | 2 | 6000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30000 | ₹11,10,000 |
💰 Financial Summary
| Period Ended | 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 |
| Amount in ₹ Crore |
🏢 About Vivekanand Cotspin
Vivekanand Cotspin operates in the cotton textile industry, specializing in cotton ginning and spinning. The company manufactures and offers a diverse range of products, including cotton bales, seeds, and carded and combed cotton yarn, catering to both domestic and international markets. Based in Gujarat, its manufacturing facility in Rangpurda has an annual production capacity of approximately 4,550 tons of cotton yarn and 8,000 tons of cotton bales, supported by an experienced workforce.💬 Community Discussion & Views
Are you planning to apply for the Vivekanand Cotspin IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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