Upcoming Issue
₹24.05 Cr
Opens
21 Sep 2026
Fresh / OFS
₹0.55 Cr / —
- Price Band
- ₹32 – ₹37
- Lot Size
- TBA
- Lot Value
- TBA
- Open Date
- 21 Sep 2026
- Close Date
- 23 Sep 2026
About Vivekanand Cotspin
Manufacturing and trading of cotton bales and yarn
Use of IPO Proceeds
Total allocation: ₹16.91 Cr (excludes issue expenses)
Promoters
Mr. Nirav Bharatbhai Patel
Chairman & Managing Director · age 39
13 Years
Higher Secondary Education
Pre-issue: 20%
Mr. Jasmin Vishnubhai Patel
Whole Time Director · age 32
5 Years
Bachelor of Engineering (Textile Technology)
Pre-issue: 20%
Mr. Bharatbhai Prahaladbhai Patel
13 Years
Pre-issue: 20%
Mr. Vishnubhai Prahaladdas Patel
13 Years
Pre-issue: 20%
Mr. Gautam Bharatkumar Patel
9 Years
Pre-issue: 20%
Investment Analysis
Quick Analysis: 2 strengths · 6 risk factors· Exchange: BSE SME
Strengths (2)
- •Established long-term relationships with major customers
- •Modern manufacturing technology for cotton yarn production
Risk Factors (6)
- •First public issue with no established market for shares; issue price may not reflect post-listing trading value or market demand.
- •No assurance of active trading post-listing; equity share prices volatile and subject to market conditions and investor sentiment.
- •Issue price determination uncertain; final price band subject to market demand assessment through book building process.
- •Equity investments inherently risky; investors may lose entire investment if unable to bear price fluctuation risk.
- •SEBI has not approved equity shares; investors must conduct independent examination of company and issue risks.
- •Listing limited to NSE EMERGE platform; potential liquidity constraints compared to main board listing.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
ANALYSIS PENDINGRating will be available once IPO opens for subscription.
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
GMP Trend
GMP data will appear a few days before the IPO opens.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Subscription Status
Subscription data will appear once bidding begins.
IPO Timeline
Issue Opens
21 Sep 2026 · Mon
Issue Closes
23 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
23 Sep 2026 · 5:00 PM IST
Allotment
TBA
Listing
28 Sep 2026 · Mon
Issue Opens
21 Sep 2026 · Mon
Issue Closes
23 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
23 Sep 2026 · 5:00 PM IST
Allotment
TBA
Listing
28 Sep 2026 · Mon
IPO Details
| Registrar | — |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹24.05 Cr |
| Fresh Issue | ₹0.55 Cr |
| OFS Size | — |
| Lead Managers | GROW HOUSE WEALTH MANAGEMENT PRIVATE LIMITED |
3-Year Financial Summary
Revenue trend
↑ FY22→FY24
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY24 | 357.46 | 3.59 | 2.39 | 15.46 | 16.12% |
| FY23 | 301.78 | -0.57 | -0.38 | — | -1.79% |
| FY22 | 182.86 | -0.7 | -0.46 | — | -2.19% |
Detailed Line Items (₹ Cr)
| Line Item | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Income | 182.98 | 302.18 | 357.82 |
| EBITDA | 8.7 | 9.5 | 14.82 |
| Net Worth | 31.83 | 32.05 | 22.28 |
| Cash Flow — Operating | -1.97 | 14.72 | 23.88 |
| Cash Flow — Investing | -3.54 | 0.23 | -15.22 |
| Cash Flow — Financing | 4.53 | -13.96 | -9.58 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
15.5x
Price ÷ EPS
EPS (FY24)
₹2
Earnings per share
RoNW
16.12%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
4.1%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Company Fundamentals
12 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 1,50,00,000 |
| Equity Shares (Post-Issue) | — |
Source: Vivekanand Cotspin offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
- Nirav Bharatbhai Patel(Promoter)+20.00%
- Jasmin Vishnubhai Patel(Promoter)+20.00%
- Bharatbhai Prahaladbhai Patel(Promoter)+20.00%
- Vishnubhai Prahaladdas Patel(Promoter)+20.00%
- Gautam Bharatkumar Patel(Promoter)+20.00%
- Preet Vishnubhai Patel(Promoter)—
- Ranjanben Bharatbhai Patel(Promoter)—
- B P Patel Family Trust(Promoter Group)—
- V P PATEL Family Trust(Promoter Group)—
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Vivekanand Cotspin's filing.
Source: Vivekanand Cotspin offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- Anchor+60.00%
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Vivekanand Cotspin offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Mr. Nirav Bharatbhai Patel
Chairman and Managing Director
Higher Secondary Education
13 years in cotton ginning and spinning industry
- Mr. Jasmin Vishnubhai Patel
Whole Time Director
Bachelor of Engineering (Textile Technology)
5 years in cotton ginning and spinning industry
- Mr. Sandeep Kumar Likhamania
Independent Director
- Mrs. Neha Agarwal
Independent Director
- Mr. Bharatbhai Prahaladbhai Patel
Non-Executive Director
Key Managerial Personnel (4)
- Mr. Nirav Bharatbhai Patel
Chairman & Managing Director
Higher Secondary Education
13 years
- Mr. Jasmin Vishnubhai Patel
Whole Time Director
Bachelor of Engineering (Textile Technology)
5 years
- Mr. Irfan Abdulbhai Mansuri
Chief Financial Officer
Chartered Accountant
12 years in accounting and finance related work
- Ms. Komal Vijaybhai Chauhan
Company Secretary & Compliance Officer
Company Secretary, LLB and B.com
2.5 years in secretarial and corporate law compliances
Source: Vivekanand Cotspin offer document (DRHP/RHP).
Industry & Market
India is the largest cotton producer globally with 23% global share, second largest consumer of cotton globally, and third largest exporter of textiles and apparels globally
Per Dun & Bradstreet Report, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Vivekanand Cotspin Limited | — | 2.39 | 16.12 | 14.85 |
| Deepak Spinners Ltd | 122.87 | 1.81 | 0.55 | 327.49 |
| Pashupati Cotspin Ltd | 22 | 5.43 | 7 | 77.57 |
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Vivekanand Cotspin IPO opening?
The Vivekanand Cotspin IPO opens on 21 Sep 2026 and closes on 23 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Vivekanand Cotspin IPO?
The price band for the Vivekanand Cotspin IPO is ₹32 to ₹37. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Vivekanand Cotspin IPO?
The minimum lot size is TBA shares with a minimum investment of not yet announced. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Vivekanand Cotspin IPO today?
Grey Market Premium data for Vivekanand Cotspin is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Vivekanand Cotspin IPO list on NSE and BSE?
The Vivekanand Cotspin IPO is expected to list on 28 Sep 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Vivekanand Cotspin IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Vivekanand Cotspin IPO a mainboard or SME issue?
Vivekanand Cotspin is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Vivekanand Cotspin IPO?
You can apply for the Vivekanand Cotspin IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
Should I subscribe to Vivekanand Cotspin IPO?
Based on our algorithmic analysis, Vivekanand Cotspin IPO is rated UNRATED with low confidence. Rating will be available once subscription and GMP data is collected. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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