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₹35 - 37 Amounts at the upper price band.
Vivekanand Cotspin Ltd
TextilesIPOSME
₹35 - 37
Founded in 2015, Vivekanand Cotspin Ltd manufactures combed and carded cotton yarn, pressed cotton bales, and delinted cottonseed by-products across an integrated ginning and spinning mill in Gujarat powered by captive solar energy (p.91, 141, 156–157). The company processes raw farm cotton into intermediate fiber bales to feed its own spinning frames, converting commodity agricultural inputs into industrial yarn while monetizing every residual by-product.
Lot3,000Min Invest₹2,22,000Face Value₹10Issue Size₹22 CrFresh Issue₹22 Cr
Timeline
21 Sept
Bidding opens
23 Sept
Bidding closes
24 Sept
Allotment
25 Sept
Refund & demat credit
28 Sept
Listing
Subscription · As of 7:21 PM, 22 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB0.00x26.96 L00.00NII0.52x8.09 L4.18 L1.55Retail0.20x18.87 L3.79 L1.40Total0.23x60.00 L13.80 L4.83
Reports
Offer Details
Terms
Issue Size₹22 Cr0.60 Cr shares
Fresh Issue₹22 Cr
Face Value₹10
Lot Size3,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,22,0001-1 lots
sNII₹2,22,000from 2 lots
bNII₹11,10,000from 10 lots
Managers & Registrar
Lead ManagerSwastika Investmart Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%73.05%Public0%26.95%
Objects of the Issue
- Funding capital expenditure requirement towards plant and machinery
- To meet Working Capital requirements
- General corporate expenses
Anchor Book
Bid Date18-Sep-2026Bid Price₹37Shares17,01,000Amount₹6 Cr30-day lock-in23-Oct-202690-day lock-in22-Dec-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 183 | 302 | 357 | 290 | 408 |
| Operating ProfitCr | 9 | 10 | 15 | 9 | 15 |
| OPM% | 4.8 | 3.1 | 4.1 | 3.2 | 3.7 |
| PBTCr | -1 | -1 | 5 | 3 | 5 |
| PATCr | -1 | -1 | 4 | 4 | 4 |
| EPS | 0 | 0 | 2 | 3 | 2 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 15 | 16 |
| ReservesCr | 0 | 0 | 0 | 2 | 13 |
| BorrowingsCr | 42 | 32 | 40 | 55 | 45 |
| Total AssetsCr | 83 | 72 | 85 | 88 | 85 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -2 | 15 | 24 | -11 | 9 |
| Investing Cash FlowCr | -4 | 0 | -15 | 0 | -1 |
| Financing Cash FlowCr | 5 | -14 | -10 | 11 | -7 |
| Net Cash FlowCr | -1 | 1 | -1 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Forward Integration.
- Cost effective production and timely fulfillment of orders.
- Scalable Business Model.
- Quality Focus.
- Experienced Promoter.
Strategies · as stated in the DRHP
- Entering into New Geographies.
- Improving Operational Efficiencies.
- Attract and Retain Talented Employee.
- Leveraging our skills and relationship with our Suppliers and Customers.
- Optimal Utilization of Resources.
Risks · as stated in the DRHP
- Any 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 is intense competition in the cotton processing and yarn manufacturing industry, which may affect market position and profitability.
- There is volatility in foreign exchange rates, which may affect export revenues and impact overall profitability.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverse effect on the company's business.
- The company's revenues are significantly dependent upon sales of its main products that are cotton bales and yarn.