Vivekanand Cotspin Limited
BSE
- Price band
- ₹32 - ₹37
- Lot size
- 3,000 shares
- Issue amount
- ₹22.2 cr
- Total subscription
- 1.79×
- Opens
- 21 Sept 2026
- Closes
- 23 Sept 2026
- Allotment
- 24 Sept 2026
- Listing
- 28 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 60,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹96,000
- Fresh issue
- ₹22.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,11,000
- Issue type
- —
- Shares before issue
- 1,62,50,000
- Shares after issue
- 2,27,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 6,000 | ₹2,22,000 |
| sHNI | 3 | 9,000 | ₹3,33,000 |
| bHNI | 10 | 30,000 | ₹11,10,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 23 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 333 | 608 |
| HNIs(10L +) | 63 | 52 |
| HNIs (2-10L) | 32 | 31 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.25 | 5.33 |
| RETAIL | 7.38 | 13.5 |
| NIB | 3.16 | 7.64 |
| HNIs 2+ | 1.05 | 1.33 |
| HNIs 10+ | 2.11 | 6.3 |
| HNIs | 3.16 | 7.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 2.27 | 3.3 | 2.24 |
| ROE | 15.96 | 26.09 | 11.72 |
| ROCE | 13.14 | 12.16 | 13.41 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 16.3 | 0 | 0 |
| POST IPO(PE) | 22.84 | 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) (₹) |
|---|---|---|---|---|---|---|
| Vivekanand Cotspin Limited | 16.30 | 0 | 10.00 | 17.81 | 15.96 | 2.45 |
| Deepak Spinners limited | 22.11 | 0 | 10.00 | 319.10 | 1.60 | 5.06 |
| Lagnam Spintex Limited | 9.52 | 0 | 10.00 | 76.60 | 11.23 | 8.14 |
Company information
Company profile
Vivekanand Cotspin Limited, originally formed as Vivekanand Cotspin LLP in July 2015, was converted into a private limited company in August 2024 and later became a public limited company in December 2024. The Company is engaged in cotton ginning, spinning and trading, with key products including cotton bales, cotton seeds and cotton yarn. Its operations involve processing raw cotton into clean fibres and spinning them into carded and combed cotton yarn for domestic and international markets. The Company operates spinning mills equipped with efficient machinery and quality-control systems to maintain consistent product quality. Its manufacturing facility is located at Rangpurda, Kadi, Mahesana District, Gujarat, close to major cotton-growing regions of Maharashtra and Saurashtra, providing convenient access to raw cotton. Vivekanand Cotspin has an annual production capacity of approximately 4,550 tonnes of cotton yarn and 8,000 tonnes of cotton bales and focuses on supplying quality cotton products to customers in India and overseas.
Strengths
- Forward Integration: The company has an integrated process from cotton ginning to spinning, using cotton from its own ginning unit as raw material for yarn production. This helps improve control over the production process.
- Cost-Efficient Production & Timely Delivery: Strong supplier relationships, quality raw material sourcing, efficient production systems and stable labour relations help the company control costs and fulfil customer orders on time.
- Scalable Business Model: The company focuses on better capacity utilisation, strong supplier linkages and economies of scale. This helps ensure a steady supply of quality cotton, lower procurement costs and improved production efficiency.
Risk factors
- Related Party Transaction Risk: The company has significant sales and purchase transactions with related parties such as Ambica Cotseeds Limited, Vivekanand Industries and Avadh Cotton Industries. These transactions may create risks and affect the company’s competitive position.
- Dependence on Related Party Arrangements: Some related parties provide processing facilities, export support, specialised capabilities, customer relationships and market access. Any disruption or termination of these arrangements could negatively impact business and financial performance.
- Potential Conflict of Interest: Certain promoter group entities, including Avadh Cotton Industries, Vivekanand Industries, Ambica Cotseeds Limited and Ambica Cotseeds PTE Ltd, operate in similar areas such as cotton yarn and bale trading, ginning and cotton seed oil milling. This may create a possibility of direct or indirect competition with the company.
Promoters
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
Registrar & documents
Lead manager
Swastika Investmart Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
S/No 181/1, 182/1 At Rangpurda, Kadi Mahesana, Gujarat, 382715
+91 9227825102
[email protected]Company website ↗Understanding VIVEKANAND 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.