Siddhi Cotspin Limited is engaged in the manufacturing and sale of cotton yarns, including both value-added and specialty yarns. The company’s product portfolio covers a wide range of yarn types such as Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, which provides enhanced strength and durability.
Its products are primarily supplied to textile manufacturers, garment exporters, and distributors, with a focus on quality, reliability, and timely delivery. Over the years, the company has built strong, long-term relationships with its customer base.
The company operates a modern manufacturing facility located at Dholi, Ahmedabad, Gujarat, with an installed capacity of 29,376 spindles. This facility has an annual production capacity of approximately 90.12 lakh kgs of cotton yarn and 270.36 lakh kgs of value-added yarns. Equipped with advanced and automated machinery, the unit ensures high productivity and consistent quality. A skilled technical team oversees the spinning process, maintaining strict quality controls from raw material procurement to the final product.
In addition to operational efficiency, Siddhi Cotspin emphasizes sustainable practices by minimizing waste, conserving energy, and reducing environmental impact, ensuring responsible growth in the textile industry.
Siddhi Cotspin IPO – Details
| IPO Opening Date | 19 September 2025 |
| IPO Closing Date | 23 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 64,68,000 Shares Worth ₹69.85 Crore Fresh Issue: 49,44,000 Shares Worth ₹53.39 Crore Offer For Sale: 15,24,000 Shares Worth ₹16.46 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 10% |
| NII Shares Offered | 27% |
| Retail Shares Offered | 63% |
Siddhi Cotspin IPO – Date Schedule
| IPO Open Date | 19 September 2025 |
| IPO Close Date | 23 September 2025 |
| Basis of Allotment | 24 September 2025 |
| Initiation of Refund | 25 September 2025 |
| Credit of Shares to Demat | 25 September 2025 |
| IPO Listing Date | 26 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2025 |
Siddhi Cotspin IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,59,200 |
| Retail (Max) | 2 | 2,400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,36,800 |
Competitive Strengths
- Experienced Promoter and Management Team.
- Best Quality Standard.
- Strong and diversified supplier base.
- Optimal Utilization of Resources.
- Long-standing relationships with our customers.
Company Promoters
- Mr. Navin Saraogi
- Mr. Aansh Rajesh Bindal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹199.88 Cr | ₹190.95 Cr | ₹6.02 Cr | ₹113.78 Cr |
| 31 March 2024 | ₹581.18 Cr | ₹563.89 Cr | ₹12.18 Cr | ₹90.58 Cr |
| 31 March 2025 | ₹724.66 Cr | ₹707.04 Cr | ₹13.08 Cr | ₹67.11 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.95% |
| ROCE | 14.88% |
| Debt/Equity | 0.84 |
| RoNW | 16.47% |
| PAT Margin | 1.81% |
| EBITDA Margin | 4.54% |
| Price to Book Value | 2.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.72 | 5.36 |
| P/E (x) | 16.06 | 20.15 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements of our Company. | ₹25.10 |
| Repayment or prepayment of all or a portion of certain outstanding borrowings. | ₹8.97 |
| General Corporate Purposes. | – |
✅Strengths
- Wide range of value-added cotton yarns.
- Modern facility with 29,376 spindles and automation.
- Strong customer base and long-term relationships.
- Focus on sustainable and efficient operations.
⚠️Risks
- Dependency on cotton prices and availability.
- Cyclical nature of the textile industry.
- High working capital requirements.
- Strong competition in domestic and global markets.
- Single-location manufacturing risk.
Siddhi Cotspin IPO Promoter Holding
| Pre Issue Share Holding | 85.57% |
| Post Issue Share Holding | 65.56% |
Siddhi Cotspin IPO Prospectus
Company Contact Information
| Siddhi Cotspin Ltd. Survey 279 & 280, Unit No.13, Sub Plot No. 18 Sector 3 of Dholi Integrated Spinning Park, Ahmedabad, Gujarat, 382240 Phone: 91 70690 08810 Email: cs@siddhicotspin.com Website: http://www.siddhicotspin.com/ |
Siddhi Cotspin IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: scpl.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Siddhi Cotspin IPO Lead Manager(s)
| 1. Swastika Investmart Ltd. |
Siddhi Cotspin IPO FAQ
| What is Siddhi Cotspin IPO? Siddhi Cotspin IPO is an SME IPO. The issue is priced at ₹102 – ₹108 per equity share. The IPO is to be listed on NSE SME. |
| When Siddhi Cotspin IPO will open? The IPO is to open on 19 September 2025 for QIB, NII, and Retail Investors. |
| What is Siddhi Cotspin IPO Investors Portion? The investors’ portion for QIB – 10%, NII – 27%, and Retail – 63%. |
| What is the Siddhi Cotspin IPO Size? Siddhi Cotspin IPO size is ₹69.85 Crore. |
| What is Siddhi Cotspin IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,59,200 amount, while the maximum bid is 2400 Shares with ₹2,59,200. |
| What is the Siddhi Cotspin IPO Allotment Date? Siddhi Cotspin IPO allotment date is 24 September 2025. |
| What is the Siddhi Cotspin IPO Listing Date? Siddhi Cotspin IPO listing date is 26 September 2025. The IPO is to be listed on the NSE SME. |
