Vivekanand Cotspin IPO
ListedSMETextiles
1.79×
Subscribed
Price band
₹37 – ₹37
Lot size
3,000
1 lot = ₹1,11,000
Issue size
₹22.2 Cr
Open – close
21 Sept 2026
to 23 Sept 2026
Listing
28 Sept 2026
Listing gain
+2.70%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens21 Sept 2026
- Closes23 Sept 2026
- Allotment24 Sept 2026
- Listing28 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB1.27x
Non-institutionalNII / HNI2.41x
Big NIIabove ₹10L3.01x
Small NII₹2L – ₹10L1.25x
Retail individualRII1.81x
704 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 23 Sept 2026.
Chance of allotment
Retail1.81× subscribed
~1 in 1.8
Minimum 2 lots · 6,000 shares · ₹2,22,000 blocked
Retail is 1.81× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 1.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII2.41× subscribed
~1 in 2.4
Minimum 1 lot · 3,000 shares · ₹1,11,000 blocked
HNI is 2.41× subscribed. This category is allotted proportionately, so a bid receives roughly 1/2.4 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹37 – ₹37
Face value₹10
Lot size3,000shares
Minimum application₹1,11,000at cut-off
Total issue size₹22.2 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
Related-party0.01%of revenue
ROE15.96%
ROCE13.14%
Debt/Equity1.56
RoNW15.96%
PAT Margin0.90%
EBITDA Margin3.70%
NAV17.81
Price to Book Value2.08
ISININE1JJP01018
RegistrarMUFG Intime India Pvt Ltd
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 28,53,000 | 47.48% |
| Anchor Investor | 17,10,000 | 28.46% |
| QIB (Ex. Anchor) | 11,43,000 | 19.02% |
| NII (HNI) | 8,55,000 | 14.23% |
| bNII > ₹10L | 5,70,000 | 9.49% |
| sNII < ₹10L | 2,85,000 | 4.74% |
| Retail | 20,01,000 | 33.30% |
| Market Maker | 3,00,000 | 4.99% |
Total issue 60,09,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,22,0002 lots · 6,000 sh
Individual investors (IND) (Max)₹2,22,0002 lots · 6,000 sh
S-HNI (Min)₹3,33,0003 lots · 9,000 sh
S-HNI (Max)₹9,99,0009 lots · 27,000 sh
B-HNI (Min)₹11,10,00010 lots · 30,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted17,10,000
Anchor portion₹6.33 Cr
Bid date18 Sept 2026
Lock-in ends (50%)24 Oct 2026
Lock-in ends (rest)23 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Funding Capital Expenditure requirements towards Plant & Machinery₹5.27 Cr
- 02To meet Working Capital requirements₹11 Cr
- 03General Corporate Purposenot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Vivekanand Cotspin Limitedthis issue | 2.45 | — | 17.81 | 15.96% |
| Deepak Spinners Limited | 5.06 | 22.11 | 319.10 | 1.60% |
| Lagnam Spintex Limited | 8.14 | 9.52 | 76.60 | 11.23% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-1.0%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-13.8%
Dudani Retail
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Green Asia Impexsame segment
1.0× sub+0.0%
Dudani Retailsame segment
1.4× sub-13.8%
Bench Mark Infotechsame segment
96.0× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Vivekanand Cotspin
Vivekanand Cotspin is engaged in cotton processing and yarn manufacturing. Its operations include ginning raw cotton (kapas) into cotton bales and cotton seeds and spinning cotton bales into cotton yarn. The company also trades in cotton bales and cotton yarn to meet customer requirements. Its product range includes cotton bales, cotton seeds, and cotton yarn, including carded and combed yarn in different counts and quality grades. The yarn is used by textile mills for weaving and knitting fabrics and is sold in domestic and international markets. The company operates a manufacturing facility and spinning mills at Rangpurda, Kadi, in the Mahesana district of Gujarat. The facility is located near cotton-growing areas of Maharashtra and the Saurashtra region of Gujarat. According to the prospectus, the company has an annual production capacity of approximately 4,551 MT of cotton yarn and 8,000 MT of cotton bales.
Founded 2015MD Mr Nirav PatelSector Textiles
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Vivekanand Cotspin IPO subscribed?
Vivekanand Cotspin is subscribed 1.79× overall (QIB 1.27×, NII 2.41×, retail 1.81×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, MUFG Intime India Pvt Ltd.
What is the minimum investment in the Vivekanand Cotspin IPO?
One lot is 3,000 shares, so a retail application at the ₹37 cut-off price blocks ₹1,11,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Vivekanand Cotspin IPO?
The retail portion is subscribed 1.81×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 2. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Vivekanand Cotspin IPO allotment date?
Allotment is scheduled for 2026-09-24, with listing on 2026-09-28. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, MUFG Intime India Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.