Siddhi Cotspin Limited IPO

Siddhi Cotspin Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹102 - ₹108

Total Issue

₹69.85 Cr

Bid Dates

19 Sep - 23 Sep

Subscription

4.04x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Siddhi Cotspin Limited, incorporated in 2015 and converted into a public limited company in 2024, is engaged in the manufacturing and selling of high-quality cotton yarn, including value-added and specialty yarns. The company operates a greenfield spinning project in Dholka, Ahmedabad, with an installed capacity of 29,376 spindles and an annual production capacity of 90,11,850 kgs of cotton yarn. Backed by the extensive experience of its Promoter and Managing Director, Mr. Navin Saraogi, and a skilled technical team, Siddhi Cotspin focuses on modern technology, stringent quality controls, and sustainable practices to deliver superior yarn. With a strong client base of textile manufacturers, garment exporters, and distributors, the company continues to strengthen its presence in the textile value chain while emphasizing efficiency, quality, and environmental responsibility.

Lot Info

Lot Information for Siddhi Cotspin IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,59,200
Individual (Max) 2 2,400 ₹2,59,200
S-HNI (Min) 3 3,600 ₹3,88,800
S-HNI (Max) 7 8,400 ₹9,07,200
B-HNI (Min) 8 9,600 ₹10,36,800
Market Maker
3,24,000 EQ Shs
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹69.85 Cr
Fresh Issue
₹53.40 Cr (0.49 Cr Shares)
Offer For Sale
₹16.46 Cr (0.15 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹108
Est. Gain 0.00%

Siddhi Cotspin IPO Peer Comparison

(Rs. in crores)

Siddhi Cotspin IPO Peer Comparison Table
Particulars Siddhi Cotspin Lagnam Spintex Pashupati Cotspin United Polyfab
Revenue from Ops (in Crs.) 724.54 605.56 636.70 602.22
PAT (In Crs.) 13.08 12.85 14.11 17.69
Diluted EPS 6.72 7.28 9.11 7.71
NAV per share 40.82 68.41 86.80 42.41
RONW 16.47% 10.64% 10.64% 18.18%
EBITDA 4.54% 10.78% 4.03% 7.13%
PAT Margin 1.81% 2.12% 2.22% 2.94%
Price to earning (PE) 16.07 12.84 68.62 19.39

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Siddhi Cotspin IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 724.54 580.89 199.33
Profit after Tax 13.08 12.18 6.02
Net Worth 79.44 66.36 54.18
Total Borrowing 67.11 90.58 113.78
Total Assets 182.83 181.25 184.13
NAV per share (in ₹) 40.82 34.10 28.30
EPS - Basic (in ₹) 6.72 6.32 3.14

KPIs

EBITDA

4.54%

PAT

1.81%

ROE

17.95%

ROCE

14.88%

PE Ratio

16.07

PB Ratio

2.65

Mkt Cap (in Crs.)

263.59

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

85.57%

Public

14.43%

Navin Saraogi 44.97%
Aansh Bindal 40.60%

Management

Navin Saraogi Chairman & MD
Vardhaman Shah CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Swastika Investmart Swastika Investmart

Subscription Status

Updated as on 23-Sep-2025 19:01:30 hrs

Category Sub (x) Offered Bids
QIB 17.53x 6,14,400 1,07,72,400
NII 4.78x 16,58,400 79,32,000
bHNI 6.70x 11,05,600 74,04,000
sHNI 0.96x 5,52,800 5,28,000
Individual Investor 1.50x 38,71,200 58,03,200
Total 3.99x 61,44,000 2,45,07,600

Frequently Asked Questions

What is Siddhi Cotspin IPO?
Siddhi Cotspin IPO is a SME IPO having an issue size of ₹69.85 Crs. Siddhi Cotspin IPO is priced at ₹102 - ₹108 per share. The issue opens on 19 Sep 25 and closes on 23 Sep 25.
When will Siddhi Cotspin IPO open?
Siddhi Cotspin IPO opens on 19 Sep 25 and closes on 23 Sep 25.
What is the GMP of Siddhi Cotspin IPO?
The estimated Grey Market Premium of Siddhi Cotspin IPO is ₹0 per share (0.00%).
What is the lot size of Siddhi Cotspin IPO?
The minimum lot size of Siddhi Cotspin IPO is 1200 shares & the minimum application amount is Rs. 129600.
When is the allotment of Siddhi Cotspin IPO?
The allotment date of Siddhi Cotspin IPO is 24 Sep 25.
What is the listing date of Siddhi Cotspin IPO?
The listing date of Siddhi Cotspin IPO is 26 Sep 25.
What is the subscription of Siddhi Cotspin IPO?
Siddhi Cotspin IPO is subscribed 4.04 times.
What is the price band of Siddhi Cotspin IPO?
Siddhi Cotspin IPO is priced at ₹102 - ₹108 per share.
How to check allotment status of Siddhi Cotspin IPO?
Click the allotment link on Siddhi Cotspin IPO page of IPO360.
How to apply Siddhi Cotspin IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Siddhi Cotspin IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Siddhi Cotspin IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Siddhi Cotspin IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date