Overview
Updated 12 days agoVivekanand Cotspin Limited is a cotton processing and yarn manufacturing company based in Gujarat, India. The company is engaged in ginning raw cotton into cotton bales and spinning cotton bales into cotton yarn.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,11,000 |
| bNII (min) | 10 | 30,000 | ₹11,10,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹32–37 |
| Final issue price | ₹37.00 |
| Face value | ₹10 per share |
| Lot size | 3,000 shares |
| Minimum investment | ₹1,11,000 |
| Issue size | ₹24.00 Cr |
| Offer for sale | ₹0.00 Cr |
| Market cap at upper band | ₹82.33 Cr |
| P/E at upper band | 15.1x |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | Swastika Investmart Limited |
| NSE symbol | VIVEKANAND |
| ISIN | INE1JJP01018 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Vivekanand Cotspin Limited, formerly known as Vivekanand Cotspin Private Limited, is a company engaged in the business of cotton processing and yarn manufacturing. The company's operations include ginning raw cotton (kapas) into cotton bales and cotton seed, and spinning cotton bales into cotton yarn. The company also undertakes trading of cotton bales and cotton yarn. The company's manufacturing facility is located at Rangpurda, Kadi, Mahesana District, Gujarat, which is close to the cotton-growing regions of Maharashtra and Gujarat. The company's product range includes raw cotton bales, cotton seed, cotton yarn (combed compact and compact carded), and comber noil.
Objects of the issue — how the money will be used
- Funding Capital Expenditure requirements towards Plant & Machinery (₹5.27 Cr)
- To meet Working Capital requirements (₹11 Cr)
- General Corporate Purpose
Key strengths
- Forward Integration
- Cost effective production and timely fulfillment of orders
- Scalable Business Model
- Quality Focus
- Experienced Promoter
Key risks
- Significant portion of sales and purchase transactions are with related parties.
- Under-utilization of manufacturing capacities.
- Potential conflicts of interest with promoter group entities.
- Fluctuations in cotton prices and availability.
- Dependence on seasonal cotton production.
- Operations concentrated in Gujarat.
- High working capital requirements.
- No long-term contracts with customers or suppliers.
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, Ranjanben Bharatbhai Patel, Kapilaben Vishnubhai Patel
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 357.39 | -- | 3.35 | 84.83 | 20.62 | 17.87 |
| FY25 | 365.93 | -- | 4.94 | 87.53 | 17.26 | 29.49 |
| FY26 | 408.01 | -- | 3.69 | 84.85 | 28.94 | 12.59 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Vivekanand Cotspin this issue | 408.0 | 2.45 | 15.1x | 15.96 | 17.81 |
| Deepak Spinners limited | 534.2 | 5.06 | 22.1 | 1.60 | 319.10 |
| Lagnam Spintex Limited | 605.0 | 8.14 | 9.5 | 11.23 | 76.60 |
This issue is priced at 15.1x P/E against a peer median of 15.8x: a discount of 5%. A measurement, not a verdict.
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.