Vivekanand Cotspin IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
VIVEKANAND
Vivekanand Cotspin IPO GMP & Allotment
Vivekanand Cotspin Limited operates in the cotton processing and yarn manufacturing industry, focusing on the ginning of raw cotton (kapas) into cotton bales and cotton seed, alongside the spinning of cotton bales into cotton yarn. Additionally, the company engages in trading cotton bales and cotton yarn to service customer requirements and optimize business opportunities. It generates revenue primarily from selling manufactured and traded cotton yarn, cotton bales, cotton seed, and cotton yarn waste. The business operates through its manufacturing facility located in Kadi, Gujarat. To support its production activities, the facility maintains an annual installed spinning capacity of 25,536 spindles, capable of spinning 4,551 metric tons of cotton yarn per year. The company services domestic customers across regional textile hubs and caters to international markets through export sales.
- IPO Price Band
- ₹35.00 - ₹37.00
- Lot Size
- 3,000 Shares
- Bidding Closes
- 23 Sept 2026
- Listing Date
- 28 Sept 2026
Quick Answer & Highlights
Vivekanand Cotspin IPO GMP Today & Key Takeaways
Last updated: 23 Sept 2026
Vivekanand Cotspin IPO officially listed on 28 Sept 2026 at Rs 38.00, delivering a +2.70% listing gain compared to its issue price of Rs 22.20. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
Vivekanand Cotspin IPO officially listed on 28 Sept 2026 at ₹38.00, delivering a +2.70% listing gain compared to its issue price of ₹22.20. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹0 | +0% vs upper band (23 Sept 2026) |
| Est. Listing Price | ₹38.00 | +2.70% Est. Listing Gain |
| Price Band | ₹35.00 - ₹37.00 | SME IPO |
| Retail Minimum Investment | ₹2,22,000 | 2 Lot (3,000 Shares) |
| Bidding Window | 21 Sept 2026 – 23 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 24 Sept 2026 | Listing: 28 Sept 2026 |
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+2.70%
Last Trend
23 Sept 2026
Listing Price
₹38.00
Retail Entry
₹2,22,000
IPO Details
Complete IPO information
| IPO Open Date | 21 Sept 2026 |
|---|---|
| IPO Close Date | 23 Sept 2026 |
| IPO Price Band | ₹35.00 - ₹37.00 |
| Lot Size | 3,000 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +2.70% |
| Issue Size | Approx ₹22.20 Cr |
| Fresh Issue | Approx ₹22.20 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Overall Subscription | 1.73x |
| Minimum Investment | ₹2,22,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 11.43 | 14.4 | 1.26xx |
| NII | 11.55 | 23.64 | 2.05xx |
| Retail | 20.01 | 36.48 | 1.82xx |
| Overall Subscription | 42.99 | 74.52 | 1.73xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Vivekanand Cotspin is priced at ₹37 per share. With a minimum lot size of 3,000 shares, a retail investor applying for one lot would need approximately ₹2,22,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Vivekanand Cotspin stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Vivekanand Cotspin's IPO was subscribed 1.73x overall, with a category-wise breakdown of Retail 1.82x, QIB 1.26x, NII 2.05x.
Among the strengths highlighted in Vivekanand Cotspin's IPO documents: Integrated operations combining raw cotton ginning and yarn spinning processes.; Strategic manufacturing unit location in Kadi, Gujarat, within a cotton belt..
Investors should also weigh the risk factors Vivekanand Cotspin has disclosed, including: Revenue is heavily dependent on raw cotton prices and seasonal agricultural supply availability..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
21 Sept 2026
✓
Bidding Closes
23 Sept 2026
✓
Allotment
24 Sept 2026
✓
Listing
28 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 21 Sept 2026 | Completed |
| Bidding Closes | 23 Sept 2026 | Completed |
| Allotment | 24 Sept 2026 | Completed |
| Listing | 28 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 23 Sept 2026 | ₹0.00 | - | 0.00% |
| 18 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 6,000 | ₹2,22,000 |
| Retail Maximum | 2 Lot | 6,000 | ₹2,22,000 |
| S-HNI Minimum | 3 Lot | 9,000 | ₹3,33,000 |
| S-HNI Maximum | 9 Lot | 27,000 | ₹9,99,000 |
| B-HNI Minimum | 10 Lot | 30,000 | ₹11,10,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Integrated operations combining raw cotton ginning and yarn spinning processes.
- Strategic manufacturing unit location in Kadi, Gujarat, within a cotton belt.
- Production capability covering yarn, bales, seeds, and yarn waste by-products.
- Operational reach catering to both domestic and international export buyers.
- Promoter team with domain experience in cotton processing and trading operations.
Risks
- Revenue is heavily dependent on raw cotton prices and seasonal agricultural supply availability.
- A significant portion of total business transactions and revenue is tied to related party entities.
- Concentrated revenue dependency on a small number of key major customers.
- Operating manufacturing facilities are entirely situated on leased premises from promoters.
- Exposure to foreign exchange rate volatility on export revenue realisations.
Analysis
Vivekanand Cotspin IPO Reservation
The Vivekanand Cotspin IPO reservation details show the proposed allocation of shares among anchor investors, qualified institutional buyers, non-institutional investors, and retail investors. The category-wise allocation is provided below.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 17,10,000 Shares | 28.50% |
| QIB (Ex. Anchor) | 11,40,000 Shares | 19.00% |
| NII Shares Offered | 8,55,000 Shares | 14.25% |
| Retail Shares Offered | 19,95,000 Shares | 33.25% |
Note: The reservation figures are based on the supplied Vivekanand Cotspin IPO information.
Analysis
Vivekanand Cotspin IPO Anchor Investors
Vivekanand Cotspin's anchor investor details provide information about the anchor bidding date, shares reserved for anchor investors, the proposed anchor issue size, and the applicable lock-in period. The available details are listed below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 18, 2026 |
| Shares Offered | 17,10,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: The anchor investor information is based on the supplied Vivekanand Cotspin IPO data.
Analysis
Vivekanand Cotspin IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 21 Sept 2026 |
| IPO Close Date | 23 Sept 2026 |
| Basis of Allotment | 24 Sept 2026 |
| Refunds | 25 Sept 2026 |
| Credit to Demat Account | 25 Sept 2026 |
| IPO Listing Date | 28 Sept 2026 |
Note: The timeline for Vivekanand Cotspin IPO is tentative and subject to change.
Analysis
Vivekanand Cotspin IPO Promoters and Holding Pattern
The promoters of Vivekanand Cotspin are Nirav Bharatbhai Patel, Jasmin Vishnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel, Gautam Bharatkumar Patel, B P Patel Family Trust and V P Patel Family Trust. The following table shows the promoter and promoter group shareholding before and after the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,62,50,000 | 100% | 16,250,000 | 71.43% |
| Others* | – | -% | 6,500,000 | 28.57% |
| Total | 1,62,50,000 | 100% | 22,750,000 | 100% |
Note: The holding pattern is based on the supplied Vivekanand Cotspin IPO shareholding data.
Analysis
Vivekanand Cotspin Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Funding capital expenditure for additional plant and machinery | 5.27 (23.74%) |
| Funding working capital requirements | 11 (49.55%) |
| General corporate purposes | 5.93 (26.71%) |
Note: Objectives are as specified in the DRHP/RHP documents of Vivekanand Cotspin.
Analysis
Vivekanand Cotspin About IPO
Incorporated in July 2015, Vivekanand Cotspin Limited is engaged in cotton processing and yarn manufacturing through cotton ginning, spinning, and trading activities.
The company produces a range of products, including cotton bales, cotton seeds, and various types of yarn. Vivekanand Cotspin operates primarily in two segments: cotton ginning and cotton spinning. The company specialises in converting clean cotton fibres into quality yarn for domestic and international markets.
Its product portfolio includes carded and combed cotton yarn, which is supplied to industries involved in fabric manufacturing. With modern spinning facilities and efficient machinery, the company focuses on maintaining quality standards while serving both Indian and export markets.
Analysis
Vivekanand Cotspin Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 358.02 Cr. | 352.77 Cr. | 3.35 Cr. | 84.83 Cr. |
| 2025 | 290.94 Cr. | 287.55 Cr. | 4.07 Cr. | 87.53 Cr. |
| 2026 | 409.32 Cr. | 404.19 Cr. | 3.69 Cr. | 84.85 Cr. |
Note: Financial numbers for Vivekanand Cotspin are in ₹ Crores unless stated otherwise.
Analysis
Vivekanand Cotspin Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 15.96% |
| ROCE | 13.14% |
| EBITDA Margin | 3.70% |
| PAT Margin | 0.90% |
| Debt to Equity Ratio | 1.56 |
| Earning Per Share (EPS) | 2.45 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 15.96% |
| Net Asset Value (NAV) | 17.81 |
Note: Valuation KPIs for Vivekanand Cotspin are computed for FY2026.
Analysis
Vivekanand Cotspin IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Deepak Spinners Limited | 5.06 | 22.11 | 1.60% | 319.10 | 534.16 Cr. |
| Lagnam Spintex Limited | 8.14 | 9.52 | 11.23% | 76.60 | 604.98 Cr. |
Note: Peer group comparisons for Vivekanand Cotspin are sourced from DRHP filings.
Analysis
Vivekanand Cotspin IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Ltd.
Comparison
Compare Vivekanand Cotspin IPO with similar IPOs
FAQ
Vivekanand Cotspin IPO FAQs
Vivekanand Cotspin IPO price band is Rs 35.00 to Rs 37.00. Check the latest issue price, lot size and GMP together before applying.
Vivekanand Cotspin IPO open date is 21 Sept 2026, close date is 23 Sept 2026, and listing date is 28 Sept 2026.
Vivekanand Cotspin IPO lot size is 3,000 shares. The minimum retail investment is Rs 2,22,000.
Vivekanand Cotspin is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Vivekanand Cotspin IPO subscription status currently shows Retail 1.82x, QIB 1.26x, NII 2.05x, Overall 1.73x.
Vivekanand Cotspin Limited operates in the cotton processing and yarn manufacturing industry, focusing on the ginning of raw cotton (kapas) into cotton bales and cotton seed, alongside the spinning of cotton bales into cotton yarn. Additionally, the company engages in trading cotton bales and cotton yarn to service customer requirements and optimize business opportunities. It generates revenue primarily from selling manufactured and traded cotton yarn, cotton bales, cotton seed, and cotton yarn waste. The business operates through its manufacturing facility located in Kadi, Gujarat. To support its production activities, the facility maintains an annual installed spinning capacity of 25,536 spindles, capable of spinning 4,551 metric tons of cotton yarn per year. The company services domestic customers across regional textile hubs and caters to international markets through export sales.
Vivekanand Cotspin IPO issue size is 22.20 and the expected allotment date is 24 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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