Vivekanand Cotspin IPO Latest News
The Vivekanand Cotspin IPO has opened for public subscription today, September 21, 2026, and will remain open until September 23. The company is raising ₹22.20 crore through a completely fresh issue of 60 lakh equity shares.
The IPO price band has been fixed at ₹32 to ₹37 per share, with the shares scheduled to list on the BSE SME platform on September 28, 2026. The issue has attracted attention because Vivekanand Cotspin operates an integrated cotton-processing business covering ginning and yarn manufacturing.
Vivekanand Cotspin IPO Important Details
| Particular | Details |
|---|---|
| IPO | Vivekanand Cotspin IPO |
| Open Date | 21 Sep 2026 |
| Close Date | 23 Sep 2026 |
| Price Band | ₹32–₹37 |
| Issue Size | ₹22.20 Crore |
| Issue Type | Fresh Issue |
| Fresh Shares | 60 Lakh |
| Lot Size | 3,000 Shares |
| Retail Minimum | 6,000 Shares |
| Retail Investment | ₹2.22 Lakh |
| Exchange | BSE SME |
| Allotment | 24 Sep 2026 |
| Listing Date | 28 Sep 2026 |
At the upper price band of ₹37, the minimum retail application of 6,000 shares requires ₹2.22 lakh.
Vivekanand Cotspin IPO Subscription Status
The IPO has opened today, so the subscription response is still developing. Current IPO sources show that category-wise subscription data is yet to build up at the start of the issue.
Investors will be watching QIB, NII and retail participation during the three-day bidding period. The final subscription figure will be available after the issue closes on September 23.
Vivekanand Cotspin IPO GMP Today
The grey-market premium should be monitored separately from the official IPO subscription. Current publicly available sources do not provide a sufficiently consistent GMP figure to treat as a reliable number today.
GMP is an unofficial market indicator and can change quickly during the IPO period. Any premium reported in the grey market should therefore be considered indicative rather than a confirmed listing-price expectation.
About Vivekanand Cotspin
Vivekanand Cotspin Limited is a Gujarat-based cotton processing and yarn manufacturing company. Its operations include ginning raw cotton into cotton bales and cotton seeds, followed by spinning cotton bales into cotton yarn.
The company also trades cotton bales and yarn to meet customer requirements. Its manufacturing facility is located at Rangpurda, Kadi, in Mahesana district, Gujarat, close to important cotton-growing regions.
Vivekanand Cotspin Business Model
The company follows an integrated model in which raw cotton is processed through multiple stages.
Its operations include:
- Cotton ginning
- Cotton bale production
- Cotton seed processing
- Cotton yarn manufacturing
- Trading of cotton bales and yarn
The company manufactures different types and counts of cotton yarn used by textile mills for weaving and knitting fabrics. Its products are sold to customers in domestic textile markets as well as international markets.
The company's facility has an annual spinning capacity of approximately 4,551 metric tonnes of cotton yarn and around 8,000 metric tonnes of cotton bales.
Vivekanand Cotspin IPO Financial Performance
Vivekanand Cotspin reported a substantial increase in revenue in FY2026.
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Sales | ₹357.39 Cr | ₹290.47 Cr | ₹408.01 Cr |
| Total Income | ₹358.02 Cr | ₹290.94 Cr | ₹409.32 Cr |
| EBITDA | ₹15.22 Cr | ₹9.88 Cr | ₹16.40 Cr |
| Reported PAT | ₹3.35 Cr | ₹4.07 Cr | ₹3.69 Cr |
Revenue increased to ₹408.01 crore in FY2026 from ₹290.47 crore in FY2025, while reported PAT stood at ₹3.69 crore.
The numbers also show that revenue growth has not translated into a similar increase in net profit, making margins, interest costs and working-capital requirements important areas to monitor.
Use of Vivekanand Cotspin IPO Funds
The company plans to use the IPO proceeds for capital expenditure, working capital and general corporate purposes.
| Particular | Amount |
|---|---|
| Plant & Machinery | ₹5.27 Crore |
| Working Capital | ₹11.00 Crore |
| General Corporate Purpose | Balance Amount |
The largest portion of the issue proceeds, around ₹11 crore, is earmarked for working-capital requirements. Approximately ₹5.27 crore is planned for additional plant and machinery.
Vivekanand Cotspin Production & Market Reach
The company operates in an important cotton-producing region of Gujarat and has an integrated manufacturing setup. Its products include cotton yarn, cotton bales and cotton seeds, allowing it to generate revenue from multiple stages and outputs of cotton processing.
The company also serves international customers through exports. This provides an additional market beyond domestic textile buyers, although export revenue also exposes the business to foreign-exchange movements and overseas market conditions.
Key Factors to Watch
Investors following Vivekanand Cotspin IPO should monitor:
- IPO subscription across QIB, NII and retail categories
- Movement in cotton prices
- Availability of raw cotton
- Yarn demand and selling prices
- Working-capital requirements
- Borrowing levels
- Export performance
- Capacity utilisation
- Changes in textile-sector demand
Cotton prices and seasonal availability can directly affect the company's raw-material costs and operating performance.
Risks Associated With Vivekanand Cotspin IPO
The company operates in a commodity-linked textile business, making its performance sensitive to cotton prices, seasonal availability and demand for cotton yarn and bales.
Cotton yarn and cotton bales together accounted for more than 90% of product sales in FY2026, according to the company's disclosed information. This concentration makes demand and pricing conditions for these products particularly relevant.
The company also had outstanding borrowings of approximately ₹58.43 crore as of April 30, 2026. Higher debt and interest costs can affect profitability and cash flows. Trade receivables stood at around ₹11.77 crore as of March 31, 2026, making collection and working-capital management another area to monitor.
Vivekanand Cotspin IPO Allotment and Listing
The IPO is scheduled to close on September 23, 2026. The basis of allotment is expected on September 24, followed by refund initiation and share credit on September 25.
The shares are scheduled to list on September 28, 2026 on the BSE SME platform.
Vivekanand Cotspin IPO Latest Update
As of September 21, 2026, Vivekanand Cotspin IPO has officially opened for subscription at ₹32–₹37 per share. The company is raising ₹22.20 crore through a fresh issue of 60 lakh shares.
The company reported ₹408.01 crore revenue from operations and ₹3.69 crore reported PAT in FY2026. The IPO proceeds will mainly support working capital and additional plant and machinery.
The next important updates for the IPO will be the day-wise subscription figures, category-wise demand and any changes in the unofficial grey-market premium as the issue moves toward its September 23 closing date.
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