Siddhi Cotspin Limited
Bookbuilding IPO · NSE
- Price band
- ₹102 - ₹108
- Lot size
- 1,200 shares
- Issue amount
- ₹69.85 cr
- Total subscription
- 4.04×
- Opens
- 19 Sept 2025
- Closes
- 23 Sept 2025
- Allotment
- 24 Sept 2025
- Listing
- 26 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 64,68,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,22,400
- Fresh issue
- ₹53.39 cr
- Offer for sale
- ₹16.46 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,94,62,491
- Shares after issue
- 2,44,06,491
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,59,200 |
| sHNI | 3 | 3,600 | ₹3,88,800 |
| bHNI | 8 | 9,600 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 23 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 6 |
| NIB | 0 | 157 |
| RETAIL | 1,613 | 2,418 |
| HNIs(10L +) | 307 | 32 |
| HNIs (2-10L) | 153 | 125 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.64 | 116.34 |
| FIIs | 0 | 50.03 |
| Others | 0 | 66.32 |
| RETAIL | 41.81 | 62.67 |
| HNIs 2+ | 5.96 | 5.7 |
| HNIs 10+ | 11.95 | 83.46 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.72 | 6.32 | 3.14 |
| ROE | 17.95 | 20.21 | 11.76 |
| ROCE | 14.88 | 14.84 | 8.46 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 16.06 | 0 | 0 |
| POST IPO(PE) | 20.15 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Siddhi Cotspin Limited | NA | NA | 10.00 | 40.82 | 16.47 | 6.72 |
| Lagnam Spintex Limited | 12.84 | 93.44 | 10.00 | 68.41 | 10.64 | 7.28 |
| Pashupati Cotspin Limited | 68.62 | 625.1 | 10.00 | 86.8 | 10.64 | 9.11 |
| United Polyfab Gujarat Limited | 19.39 | 149.52 | 10.00 | 42.41 | 18.18 | 7.71 |
Company information
Company profile
Siddhi Cotspin is engaged in the production and sale of cotton yarns, including value-added and specialty varieties. Its product range includes Compact Carded and Combed Hosiery, Compact Weaving Yarns, Eli Yarns, Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, which offers extra strength and durability. The company supplies its products to textile manufacturers, garment exporters, and distributors, with a focus on quality, reliability, and timely delivery, helping build long-term customer relationships. Its manufacturing facility in Dholi, Ahmedabad, Gujarat, has 29,376 spindles with an annual production capacity of about 90 lakh kgs of cotton yarn and 135 lakh kgs of value-added yarn. Equipped with advanced automated machinery and managed by a skilled technical team, the facility ensures high productivity, consistent quality, and sustainable practices by reducing waste, saving energy, and minimizing environmental impact.
Strengths
- Quality Focus – Adheres to stringent product and process standards with GOTS (Ver 6.0) certification, ensuring high-quality output and strong brand reputation.
- Reliable Supplier Network – Maintains robust relationships across major cotton-producing states to secure consistent and high-quality raw materials.
- Optimized Resource Utilization – Implements process improvements, upgrades employee skills, and modernizes machinery to ensure efficient and seamless operations.
Risk factors
- Legal Risk – Ongoing cases involving the company, promoters, directors, and group entities may adversely impact operations and financial condition if outcomes are unfavorable.
- Market Demand Risk – Variations in cotton yarn demand and changing consumer preferences could negatively affect business performance and financial results.
- Supplier Dependence – Reliance on a limited number of raw material suppliers exposes the company to supply disruptions and price volatility, impacting operations and profitability.
Promoters
Mr. Navin Saraogi
Mr. Aansh Rajesh Bindal
Registrar & documents
Lead manager
Swastika Investmart Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey 279 & 280, Unit No.13, Sub Plot No. 18 Sector 3 of Dholi Integrated Spinning Park, Ahmedabad, Gujarat, 382240
91 70690 08810
[email protected]Company website ↗Understanding SIDDHICOTS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.