Minimum Investment
About Company
Company Name: Vivekanand Cotspin Limited
Industry / Sector: Textiles / Cotton Ginning & Spinning
Founded Year: July 2015
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
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 tons of cotton yarn and 8,000 tons of cotton bales. As on May 30th, 2026, the Company has 146 employees on payroll.
IPO Basic Details
| Company Name | Vivekanand Cotspin Limited |
| IPO Type | SME IPO |
| Price Band | ₹32 – ₹37 |
| Lot Size | 3000 Shares |
| Total Issue Size | 60,00,000 Equity Shares (₹22.20 Cr) |
IPO Strengths & Risks
Strengths
- Establishing the Spinning Unit has achieved forward integration into the cotton textile industry
- Cost-effective production and timely fulfilment of orders
- Scalable model to optimize production, strengthen supplier relationships, and achieve economies of scale
- Emphasizing high-quality yarn is crucial for attracting and retaining customers in the competitive textile industry
- Experienced Promoters
Risks
- Raw Material Volatility: Cotton price fluctuations can significantly impact margins.
- Single-Location Dependence: Manufacturing is concentrated at its Rangpurda facility, creating operational concentration risk.
- Customer Dependence: Top 10 customers contributed a significant portion of revenue, creating dependence on key buyers.
- Working Capital Needs: The business requires significant working capital, which can impact cash flows.
- Competitive Market: Competition in the cotton yarn segment can pressure pricing and margins.
- Foreign Exchange Risk: Export operations expose the company to currency fluctuation risks.
IPO Important Dates
| IPO Open Date | 21 Sep 2026 |
| IPO Close Date | 23 Sep 2026 |
| Basis of Allotment | 24 Sep 2026 |
| Refund Initiation | 25 Sep 2026 |
| Demat Credit Date | 25 Sep 2026 |
| Listing Date | 28 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 50.00% of Net Issue (28,50,000 shares) |
| Retail Quota | 35.00% of Net Issue (19,95,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 6000 | ₹2,22,000 |
| Retail Maximum | 2 Lots | 6000 | ₹2,22,000 |
| S-HNI Minimum | 3 Lots | 9000 | ₹3,33,000 |
| S-HNI Maximum | 9 Lots | 27000 | ₹9,99,000 |
| B-HNI Minimum | 10 Lots | 30000 | ₹11,10,000 |
Key Performance Indicators (KPI)
| ROE | 15.96% |
| ROCE | 13.14% |
| RoNW | - |
| PAT Margin | 0.90% |
| EBITDA Margin | 3.70% |
| EPS | ₹2.27 (Pre-IPO), ₹1.62 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 1.56 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹84.85 Cr | ₹409.32 Cr | ₹3.69 Cr | ₹15.09 Cr | ₹28.94 Cr | ₹45.00 Cr |
| FY2025 | ₹87.53 Cr | ₹290.94 Cr | ₹4.07 Cr | ₹14.59 Cr | ₹17.26 Cr | ₹54.76 Cr |
| FY2024 | ₹84.83 Cr | ₹358.02 Cr | ₹3.35 Cr | ₹14.59 Cr | ₹20.62 Cr | ₹40.02 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: S/No 181/1, 182/1, At Rangpurda, Kadi, Mahesana, Gujarat - 382715
Website: https://www.vcottonexport.com
Email: cs@vcottonexport.com
Phone: +91 9227825102
IPO Documents
Frequently Asked Questions (FAQ)
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