Siddhi Cotspin Limited IPO
Price Band
₹102 - ₹108
Total Issue
₹70 Cr
Bid Dates
19 Sep - 23 Sep
Subscription
3.99x
Listing Price
₹86.4 (-20.00%)
Valuation
Market Cap
₹263.59 Cr
P/E Ratio
16.07x
P/B Ratio
2.65x
Siddhi Cotspin IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
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.
Siddhi Cotspin IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,59,200 |
| Ind (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 |
Siddhi Cotspin IPO Size
Objects of Issue
- Funding the working capital requirements
- Repayment of certain outstanding borrowings
- General Corporate Borrowings
Siddhi Cotspin IPO IPO Live Subscription
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 |
Siddhi Cotspin IPO IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|
Siddhi Cotspin IPO Peer Comparison
(Rs. in crores)
| 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
Siddhi Cotspin IPO IPO Financial Performance
(Rs. in crores)
| 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 |
Key Performance Indicators (KPIs)
EBITDA
4.54%
PAT
1.81%
ROE
17.95%
ROCE
14.88%
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
85.57%
Public
14.43%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (1)
Company Details
Name: Siddhi Cotspin Limited
Address: Survey 279 & 280, Unit No.13,
18 Sector 3 of Dholi Integrated Spinning
Park, Ahmedabad, Gujarat- 382240
Number: +91 70690 08810
Email: cs@siddhicotspin.com
Website: www.siddhicotspin.com
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Frequently Asked Questions (FAQs)
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How to apply Siddhi Cotspin IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Siddhi Cotspin IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Siddhi Cotspin IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Siddhi Cotspin IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date