In Progress
Valuation
Market Cap
₹82.33 Cr
P/E Ratio
15.10x
P/B Ratio
2.08x
Vivekanand Cotspin IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Vivekanand Cotspin Limited is a Gujarat-based cotton processing and yarn manufacturer, incorporated in 2015 as an LLP and converted to a public limited company in December 2024. It operates an integrated ginning and spinning facility at Kadi, Mahesana, with installed capacity of about 8,000 MT of cotton bales and 4,551 MT of cotton yarn annually. Products include cotton bales, carded/combed yarn, cotton seed and yarn waste, sold to domestic mills and exported to China, Bangladesh and Vietnam. Promoters bring 6-15 years each of textile experience, aided by related entities handling exports and by-product processing.
Lots & IPO Size
Vivekanand Cotspin IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 6,000 | ₹2,22,000 |
| Ind (Max) | 2 | 6,000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9,000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27,000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30,000 | ₹11,10,000 |
Market Maker
₹3.00 L
Employee
₹0.00
Shareholder
₹0.00
Vivekanand Cotspin IPO Size
Total
₹22 Cr
Fresh Issue
₹22 Cr
(0.60 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding Capital Expenditure requirements towards Plant & Machinery
To meet Working Capital requirements
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The Company has engaged in related party transactions and may continue to do so; a significant portion of sales and purchases are with related parties.
Key Risk Factors
The Company has engaged in related party transactions and may continue to do so; a significant portion of sales and purchases are with related parties.
The Company enters into significant business transactions with related parties leveraging their export infrastructure and customer relationships, and any disruption could affect operations.
Under-utilization of the Company's manufacturing capacities and any inability to effectively utilize existing capacity could adversely affect business and financial performance.
There may be potential conflicts of interest as promoter group entities and group companies operate in the same line of business as the Company.
Fluctuations in cotton prices and availability may pose a significant risk to the Company's cost of production and profitability.
Dependence on seasonal cotton production may disrupt raw material procurement, impacting manufacturing continuity, production schedules and profitability.
There are certain discrepancies/errors noticed in some corporate records relating to forms filed with the Registrar of Companies; penalties by regulatory authorities could impact the Company.
The Chairman & Managing Director, Nirav Bharatbhai Patel, has been a director of a company that underwent voluntary Strike-Off.
A portion of the Company's gross margins is attributable to related party transactions, and any reduction or discontinuation of such transactions could adversely affect margins.
There is intense competition in the cotton processing and yarn manufacturing industry, which may affect the Company's market position and profitability.
Vivekanand Cotspin IPO Details Live GMP
GMP
₹0
Est. Price
₹37
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 20 Sep | ₹0 (0%) | ₹37 |
| 19 Sep | ₹0 (0%) | ₹37 |
| 18 Sep | ₹0 (0%) | ₹37 |
| 17 Sep | ₹0 (0%) | ₹37 |
| 16 Sep | ₹0 (0%) | ₹37 |
Vivekanand Cotspin IPO Peer Comparison
(Rs. in crores)
| Particulars | Vivekanand Cotspin | Deepak Spinners | Lagnam Spintex |
|---|---|---|---|
| Revenue | 408.01 | 534.16 | 604.98 |
| PAT | 3.69 | 3.64 | 14.39 |
| EPS (₹) | 2.45 | 5.06 | 8.14 |
| NAV (₹) | 17.81 | 319.10 | 76.60 |
| RONW | 15.96% | 1.60% | 11.23% |
| EBITDA | 3.70% | 3.76% | 11.05% |
| PAT Mrgn | 0.90% | 0.68% | 2.38% |
| PE Ratio | 15.10 | 22.11 | 9.52 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of May 29, 2026 for Peers
Vivekanand Cotspin IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 408.01 | 290.47 | 357.39 |
| Profit | 3.69 | 4.07 | 3.35 |
| Net Worth | 28.94 | 17.26 | 20.62 |
| Borrowings | 45.00 | 54.76 | 40.02 |
| Assets | 84.85 | 87.53 | 84.83 |
| NAV (₹) | 17.81 | 11.51 | 13.75 |
| EPS (₹) | 2.45 | 2.72 | 2.24 |
Key Performance Indicators (KPIs)
Debt to Equity
1.56
Current Ratio
1.09
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Vivekanand Cotspin IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 408.01 | 290.47 | 357.39 |
| Other Income | 1.31 | 0.47 | 0.63 |
| Total Income | 409.32 | 290.94 | 358.02 |
| Materials consumed | 237.32 | 152.89 | 205.06 |
| Purchases of stock | 133.41 | 120.60 | 127.54 |
| Changes in Inventories | 6.66 | -4.31 | -12.14 |
| Employee Expense | 4.15 | 2.78 | 4.18 |
| Finance Costs | 5.57 | 2.61 | 4.40 |
| Depreciation | 5.71 | 3.88 | 5.58 |
| Other Expenses | 11.36 | 9.26 | 18.15 |
| Total Expenses | 404.19 | 287.71 | 352.77 |
| Profit Before Tax | 5.13 | 3.23 | 5.24 |
| Tax Expense | 1.44 | -0.84 | 1.89 |
| Profit After Tax | 3.69 | 4.07 | 3.35 |
| EPS — Basic (₹) | 2.45 | 2.72 | 2.24 |
| EPS — Diluted (₹) | 2.45 | 2.72 | 2.24 |
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Equity Share Capital | 16.25 | 15.00 | 15.00 |
| Reserves & Surplus | 12.69 | 2.26 | 5.62 |
| Total Equity | 28.94 | 17.26 | 20.62 |
| Total Borrowings | 45.00 | 54.76 | 40.02 |
| Trade Payables | 1.87 | 6.16 | 14.67 |
| Deferred Tax Liability | 4.70 | 4.65 | 6.06 |
| Other Liabilities | 4.34 | 4.70 | 3.46 |
| Total Equity & Liab | 84.85 | 87.53 | 84.83 |
| Fixed Assets | 42.59 | 45.62 | 51.41 |
| Inventories | 24.41 | 17.89 | 24.95 |
| Trade Receivables | 11.77 | 15.22 | 2.31 |
| Cash & Bank Bal | 0.30 | 0.23 | 0.10 |
| Other Assets | 5.79 | 8.57 | 6.07 |
| Total Assets | 84.85 | 87.53 | 84.83 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 8.67 | -10.79 | 24.40 |
| Cash Flow from Investing Activities | -1.27 | -0.24 | -15.44 |
| Cash Flow from Financing Activities | -7.33 | 11.14 | -9.89 |
| Net Change in Cash & Equivalents | 0.07 | 0.11 | -0.93 |
| Cash & Equivalents at End of Period | 0.30 | 0.23 | 0.10 |
Promoter Holding
Promoter
100.00%
Public
0.00%
Nirav Bharatbhai Patel
20.00%
Jasmin Vishnubhai Patel
20.00%
Gautam Bharatkumar Patel
20.00%
Bharatbhai Prahaladbhai Patel
20.00%
Vishnubhai Prahaladdas Patel
20.00%
Management
Nirav Bharatbhai Patel
Age: 40
MD
Remuneration
₹Upto ₹30 Lakhs p.a. + perquisites (PF/Superannuation, gratuity, leave encashment) as per Companies Act Schedule V limits
Education
Bachelor of Accounting/Business (Management), Central Queensland University
Prior Experience
15 years in cotton ginning and spinning industry; Designated Partner in erstwhile Vivekanand Cotspin LLP since incorporation
Jasmin Vishnubhai Patel
Age: 33
WTD
Remuneration
₹Upto ₹30 Lakhs p.a. + perquisites (PF/Superannuation, gratuity, leave encashment) as per Companies Act Schedule V limits
Education
B.E. (Textile Technology)
Prior Experience
6 years in cotton ginning and spinning industry; Partner in erstwhile Vivekanand Cotspin LLP since 2015
Irfan Abdulbhai Mansuri
Age: 38
CFO
Remuneration
₹₹9.60 Lakhs (FY26 actual)
Education
Chartered Accountant
Prior Experience
13 years in accounting and finance; previously with M.M. Group of Companies
Anish Koundanya
Age: 43
VP - Global Markets
Remuneration
₹₹12.00 Lakhs (FY26 actual)
Education
B.Com; PG Diploma in Management; Graduate in Cotton Studies (ACSA International Cotton Institute)
Prior Experience
18 years in marketing, sales and raw cotton/cotton yarn sourcing across global markets; previously with Global Business Solutions
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (1)
Company Details
Name: Vivekanand Cotspin Limited
Address: S/No 181/1, 182/1, At Rangpurda, Kadi, Mahesana-382715, Gujarat, India
Number: +91 9227825102
Email: cs@vcottonexport.com
Website: https://vcottonexport.com
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Frequently Asked Questions (FAQs)
What is Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is a SME IPO having an issue size of
₹22 Crs.
Vivekanand Cotspin IPO is priced at
₹32 - ₹37 per
share.
The
issue opens on 21 Sep 26
and
closes on 23 Sep 26.
When will Vivekanand Cotspin IPO open?
Vivekanand Cotspin IPO opens on
21 Sep 26 and closes on
23 Sep 26.
What is the GMP of Vivekanand Cotspin IPO?
The estimated Grey Market Premium of Vivekanand Cotspin IPO is
₹0 per share (0.00%).
What is the lot size of Vivekanand Cotspin IPO?
The minimum lot size of Vivekanand Cotspin IPO is
3000 shares & the minimum application amount
is
Rs.
111000.
When is the allotment of Vivekanand Cotspin IPO?
The allotment date of Vivekanand Cotspin IPO is
24 Sep 26.
What is the listing date of Vivekanand Cotspin IPO?
The listing date of Vivekanand Cotspin IPO is
28 Sep 26.
What is the subscription of Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is subscribed
-.
What is the price band of Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is priced at
₹32 - ₹37 per
share.
How to check allotment status of Vivekanand Cotspin IPO?
Click the allotment link on Vivekanand Cotspin IPO page of IPO360.
How to apply Vivekanand 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 Vivekanand 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 Vivekanand Cotspin IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Vivekanand 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
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