Vivekanand Cotspin IPO: dates, price band, lot size and GMP
Vivekanand Cotspin IPO listed on 28 Sep at ₹38 (BSE SME). Issue dates 21 – 23 Sep 2026, price band ₹32 – ₹37, lot 3,000 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Vivekanand Cotspin IPO has a price band of ₹32 – ₹37, a lot of 3,000 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 21 – 23 Sep 2026 |
| Price band | ₹32 – ₹37 |
| Lot size | 3,000 shares |
| Issue size | ₹22.20 Cr |
| Fresh issue | ₹21.09 Cr |
| Subscription | 1.79x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Swastika Investmart Ltd. |
| Status | Listed |
Timeline
- Issue opens: 21 Sep
- Issue closes: 23 Sep
- Allotment: 24 Sep
- Refunds: 25 Sep
- Demat credit: 25 Sep
- Listing: 28 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1.26x |
| NII | 2.41x |
| sNII | 1.26x |
| bNII | 2.99x |
| Retail | 1.82x |
| Total | 1.79x |
Last updated 23 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹84.17 Cr |
| P/E (pre-issue) | 16.3x |
| P/E (post-issue) | 22.84x |
| Fresh issue (shares) | 57,00,000 |
| Total shares offered | 57,00,000 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 73.03% |
| 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 |
| Lead managers | Swastika Investmart Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | vivekanand.smeipo@linkintime.co.in |
| Company website | vcottonexport.com |
| Anchor bid date | 18 Sep 2026 |
| Anchor lock-in ends (50%) | 24 Oct 2026 |
| Anchor lock-in ends (remaining) | 24 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 6,000 | ₹2,22,000 |
| Retail (maximum) | 2 | 6,000 | ₹2,22,000 |
| sNII (minimum) | 3 | 9,000 | ₹2,22,000 |
| bNII (minimum) | 3 | 9,000 | ₹11,10,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.8% | 17,01,000 | |
| QIB | 19.9% | 11,34,000 | Not more than 50.00% of the Net Issue |
| NII (HNI) | 15% | 8,55,000 | Not less than 15.00% of the Net Issue |
| sNII | 5.1% | 2,88,000 | |
| bNII | 9.9% | 5,67,000 | |
| Retail | 35.3% | 20,10,000 | Not less than 35.00% of the Net Issue |
| Market Maker | 5.3% | 3,00,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 21 Sep | 0.00x | 0.26x | 0.18x | 0.31x | 0.05x | 0.08x |
| Day 2 · 22 Sep | 0.00x | 0.35x | 0.33x | 0.36x | 0.20x | 0.17x |
| Day 3 · 23 Sep | 1.26x | 2.41x | 1.26x | 2.99x | 1.82x | 1.79x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹2.27 |
|---|---|
| EPS (post-issue) | ₹1.62 |
| P/E (pre-issue) | 16.3x |
| P/E (post-issue) | 22.84x |
| RoNW | 15.96% |
| RoCE | 13.14% |
| RoE | 15.96% |
| PAT margin | 0.9% |
| EBITDA margin | 3.7% |
| Price / book | 2.08x |
| NAV per share | ₹17.81 |
| Debt / equity | 1.56 |
| Market cap (upper band) | ₹84.17 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 84.85 | 87.53 | 84.83 | −3.1% |
| Total Income | 409.32 | 290.94 | 358.02 | +40.7% |
| Profit After Tax | 3.69 | 4.07 | 3.35 | −9.3% |
| EBITDA | 15.09 | 14.59 | 14.59 | +3.4% |
| NET Worth | 28.94 | 17.26 | 20.62 | +67.7% |
| Reserves and Surplus | 12.69 | 2.26 | 5.62 | +461.5% |
| Total Borrowing | 45 | 54.76 | 40.02 | −17.8% |
About Vivekanand Cotspin
Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading.
The company's products include cotton bales, seeds, and yarn.
The company operates in two primary areas: cotton ginning and spinning.
The company focuses on spinning clean cotton fibres into yarn.
The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India. It operates spinning mills with efficient machinery to uphold quality control.
The company's manufacturing facility is located in Rangpurda, Kadi, within the Mahesana District of Gujarat, close to the fertile cotton-growing regions of Maharashtra and Saurashtra in Gujarat. The company has established an annual production capacity of approximately 4,550.51 tons of cotton yarn and 8,000 tons of cotton bales.
As of September 30, 2024, the Company has 144 employees on payroll.
Objects of the issue
- Funding for capital expenditure requirement towards installation of additional plant and machinery — ₹5.27 Cr
- To meet Working Capital requirements — ₹11 Cr
- General Corporate Purposes — ₹3.24 Cr
- Issue Expenses — ₹2.69 Cr
Net proceeds: ₹22.2 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Vivekanand Cotspin Ltd (issuer) | 2.45 | 2.45 | 17.81 | — | 15.96% | Restated |
| Deepak Spinners Ltd | 5.06 | 5.06 | 319.1 | 22.11x | 1.6% | Standalone |
| Pashupati Cotspin Ltd | 8.14 | 8.14 | 76.6 | 9.52x | 11.23% | Standalone |
Notes : P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on May 29, 2026, divided by the Diluted EPS for the period ended March 31, 2026. RoNW is computed as net profit after tax divided by the average net worth. Net worth has been computed as sum of share capital and reserves and surplus. NAV is computed asthe closing net worth divided by the number of equity shares outstanding.
Strengths (per the offer document)
- Forward Integration — Our Company is engaged in the business of processing of raw cotton by way of Ginning of cotton and spinning of cotton yarn.
- Cost effective production and timely fulfillment of orders — Our Company has taken various steps in order to ensure adherence to timely fulfillment and also to achieve cost efficiency as timely fulfillment of the orders is a prerequisite in our industry.
- Scalable Business Model — We operate with a scalable business model, which focuses on optimizing production capacity, strengthening supplier relationships, and achieving economies of scale.
- Quality Focus — Our company places a strong emphasis on producing high-quality yarn, recognizing that quality is a key factor in attracting and retaining customers in the competitive textile industry.
- Experienced Promoters — Our company is led by a group of promoters, including Nirav Bharatbhai Patel, Jasmin Visnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel and Gautam Bharatkumar Patel.
Risk factors (as disclosed by the company)
- Any fluctuations in cotton prices and availability may pose a significant risk to the Company's cost of production and profitability — Our business is heavily dependent on the availability and pricing of raw cotton, which is subject to seasonal variations, global demand-supply dynamics, and government policies on agricultural…
- There are certain discrepancies / errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions… — In the past, our Company has experienced certain delays in filing, as well as inaccuracies in filings, with the Registrar of Companies (“ROC”), and has not complied with certain provisions under…
- The Chairman & Managing Director of our Company, Nirav Bharatbhai Patel has been director of the Company which was voluntary Struck-Off — Our Company’s Chairman & Managing Director i.e.
- A portion of our gross margins is attributable to transactions with related parties — Some portion of our company’s gross margins and profitability is attributable to transactions with related parties, which are given Gross Margin Analysis Particulars Ended on March 31, Ended on…
- In case of our inability to obtain, renew or maintain the statutory and regulatory licenses — Our Company has been converted from a Limited Liability Partnership (LLP) to a Company.
- We have experienced negative cash flows in the past. Any such negative cash flows in the future could affect our business, results of operations and prospects — Our Company had reported certain negative cash flows from operating, investing activities and financing activities in the previous years as per the Restated Financial Statements and the same are…
- There are certain delays in filing returns with Certain Government Authorities — In the past, our company has delayed in filing GST returns, EPF returns, ESIC returns and deposit of statutory dues, as a result of which, we have been required to pay the late filing fees along…
- Our revenues are significantly dependent upon sales of our main products that are cotton bales and yarn — Our core business is the manufacturing and trading of cotton bales and yarn.
From the RHP (strengths pages 172–174, risk factors pages 22–38). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Vivekanand Cotspin IPO GMP today and trend
- Vivekanand Cotspin IPO subscription status, day by day
- Vivekanand Cotspin IPO allotment status and how to check
Frequently asked questions
When does the Vivekanand Cotspin IPO open and close?
The issue is scheduled for 21 – 23 Sep 2026.
What is the Vivekanand Cotspin IPO price band?
The price band is ₹32 – ₹37 per share with a lot size of 3,000 shares.
How big is the Vivekanand Cotspin IPO?
The total issue size is ₹22.20 Cr.
When will Vivekanand Cotspin list?
The tentative listing date is 28 Sep on the SME platform.
How do I apply for the Vivekanand Cotspin IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Vivekanand Cotspin · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Vivekanand Cotspin · as filed · bseindia.com
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 24 Sep · in.mpms.mufg.com
- BSE SME issues page · listing 28 Sep · bsesme.com
- Vivekanand Cotspin company website · vcottonexport.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 28 Sep, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Vivekanand Cotspin IPO”, https://buyunlistedshares.com/ipo/vivekanand-cotspin-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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