Vivekanand Cotspin Limited is engaged in cotton processing and cotton yarn manufacturing, including ginning, spinning, and trading of cotton bales and cotton yarn.
The Company’s product portfolio includes cotton bales, cotton yarn and cotton seeds, with its yarn range comprising carded and combed yarn supplied to domestic and international markets.
The Company’s manufacturing facility is located in Rangpurda, Kadi, Mahesana, Gujarat, with an annual capacity of approximately 8,000 MT of cotton bales and 4,551 MT of cotton yarn.
The Company operates open-end and ring spinning units, using spinning technology and processing techniques for yarn manufacturing. For international markets, Ambica Cotseeds Limited facilitates exports of the Company’s cotton yarn and cotton bales through its established export network.
As of May 30, 2026, Vivekanand Cotspin Limited had 146 employees on its payroll, including Key Management Personnel (KMP).
Vivekanand Cotspin IPO – Details
| IPO Opening Date | 21 September 2026 |
| IPO Closing Date | 23 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 65,00,000 Shares Worth ₹24.05 Crore Fresh Issue: 65,00,000 Shares Worth ₹24.05 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹32 – ₹37 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vivekanand Cotspin IPO – Date Schedule
| IPO Open Date | 21 September 2026 |
| IPO Close Date | 23 September 2026 |
| Basis of Allotment | 24 September 2026 |
| Initiation of Refund | 25 September 2026 |
| Credit of Shares to Demat | 25 September 2026 |
| IPO Listing Date | 28 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2026 |
Vivekanand Cotspin IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6000 | ₹2,22,000 |
| Retail (Max) | 2 | 6000 | ₹2,22,000 |
| S-HNI (Min) | 3 | 9000 | ₹3,33,000 |
| S-HNI (Max) | 9 | 27000 | ₹9,99,000 |
| B-HNI (Min) | 10 | 30000 | ₹11,10,000 |
Competitive Strength
- 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.
Company 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
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹358.02 Cr | ₹352.77 Cr | ₹3.35 Cr | ₹40.02 Cr |
| 31 March 2025 | ₹290.94 Cr | ₹287.55 Cr | ₹4.07 Cr | ₹54.76 Cr |
| 31 March 2026 | ₹409.32 Cr | ₹404.19 Cr | ₹3.69 Cr | ₹45.00 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 15.96% |
| ROCE | 13.14% |
| Debt/Equity | 1.56 |
| RoNW | 15.96% |
| PAT Margin | 0.90% |
| EBITDA Margin | 3.70% |
| NAV | 17.81 |
| Price to Book Value | 2.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.27 | 1.62 |
| P/E (x) | 16.30 | 22.84 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding for capital expenditure requirement towards installation of additional plant and machinery. | ₹5.27 |
| To meet Working Capital requirements. | ₹11.00 |
| General Corporate Purposes. |
✅Strengths
- Integrated Operations with ginning and spinning capabilities.
- Export Network through Ambica Cotseeds Limited.
- Value Addition through cotton seed processing.
- Product Diversification across cotton bales, yarn and seeds.
- Established Capacity of 8,000 MT bales and 4,551 MT yarn.
⚠️Risks
- Low Yarn Utilization at 67.05% in FY2026.
- Related Party Dependence for sales and purchases.
- Export Dependence with significant sales reaching international markets.
- Capacity Utilization Risk from raw material and market conditions.
- Relationship Risk if key related-party arrangements are disrupted.
Vivekanand Cotspin IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Vivekanand Cotspin IPO Prospectus
Company Contact Information
| Vivekanand Cotspin Limited S/No 181/1, 182/1 At Rangpurda, Kadi Mahesana, Gujarat, 382715 Phone: +91 9227825102 Email: cs@vcottonexport.com Website: https://www.vcottonexport.com/index.html |
Vivekanand Cotspin IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: vivekanand.smeipo@linkintime.co.in Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Vivekanand Cotspin IPO Lead Manager(s)
| 1. Swastika Investmart Ltd. |
Vivekanand Cotspin IPO FAQ
| What is the Vivekanand Cotspin IPO? Vivekanand Cotspin IPO is an SME IPO. The issue is priced at ₹32 – ₹37 per equity share. The IPO is to be listed on BSE SME. |
| When will Vivekanand Cotspin IPO open? The IPO is to open on 21 September 2026 for QIB, NII and Retail Investors. |
| What is Vivekanand Cotspin IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Vivekanand Cotspin IPO Size? Vivekanand Cotspin IPO size is ₹24.05 Crore. |
| What are the Vivekanand Cotspin IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 6000 Shares for ₹2,22,000, while the maximum bid is 6000 Shares for ₹2,22,000. |
| What is the Vivekanand Cotspin IPO Allotment Date? Vivekanand Cotspin IPO allotment date is 24 September 2026. |
| What is the Vivekanand Cotspin IPO Listing Date? Vivekanand Cotspin IPO listing date is 28 September 2026. The IPO is to be listed on the BSE SME. |
