Vivekanand Cotspin SME IPO is an upcoming public issue in the textile and cotton-processing sector. The IPO is scheduled to open for subscription on 21 September 2026 and close on 23 September 2026, with a proposed listing on the BSE SME platform on 28 September 2026. The price band has been fixed at ₹32 to ₹37 per equity share, while the issue size is reported at around ₹22.20 crore.
Vivekanand Cotspin IPO – Key Details
| Particular | Details |
|---|---|
| Company Name | Vivekanand Cotspin Limited |
| IPO Type | SME IPO |
| Issue Open Date | 21 September 2026 |
| Issue Close Date | 23 September 2026 |
| Price Band | ₹32 – ₹37 per share |
| Issue Size | Approx. ₹22.20 Crore |
| Face Value | ₹10 per share |
| Lot Size | 3,000 shares |
| Minimum Application | 6,000 shares / 2 lots |
| Maximum Retail Application | 6,000 shares |
| Listing Exchange | BSE SME |
| Tentative Listing Date | 28 September 2026 |
| Allotment Date | 24 September 2026 |
The reported minimum application for an individual investor is 6,000 shares, which at the upper price band of ₹37 represents ₹2.22 lakh.
About Vivekanand Cotspin Limited
Vivekanand Cotspin Limited operates in the cotton processing and yarn manufacturing business. Its activities include cotton ginning, spinning and trading. The company processes raw cotton into cotton bales and cotton seeds and manufactures different types of cotton yarn.
The company has its manufacturing facility at Rangpurda, Kadi, Gujarat, close to important cotton-producing regions. Its reported annual production capacity includes approximately 8,000 tonnes of cotton bales and 4,550 tonnes of cotton yarn.
Its products include cotton bales, cotton seeds, carded yarn and combed yarn. The company serves domestic customers as well as buyers in export markets.
Vivekanand Cotspin IPO Objectives
According to the available IPO information, the company plans to use the proceeds from the issue for:
- Capital expenditure towards additional plant and machinery
- Working capital requirements
- General corporate purposes
One published IPO summary reports approximately ₹5.27 crore proposed for additional plant and machinery and about ₹11 crore towards working capital.
Vivekanand Cotspin IPO Financial Performance
Available financial data shows that the company's revenue increased in FY2026 compared with FY2025, while profit after tax was lower than in FY2025. Value Research reports FY2026 revenue of about ₹408.01 crore and profit after tax of about ₹3.69 crore.
| Financial Year | Revenue | Profit After Tax |
|---|---|---|
| FY2026 | ₹408.01 Cr | ₹3.69 Cr |
| FY2025 | ₹290.47 Cr | ₹4.07 Cr |
Figures are based on publicly available IPO information and should be cross-checked with the company's RHP before making an investment decision.
Vivekanand Cotspin IPO GMP
The Grey Market Premium (GMP) is an unofficial market indicator and can change frequently. GMP is not regulated by the BSE or NSE and should not be treated as a guaranteed indication of the IPO's listing price.
Recent published data has shown ₹0 GMP on some dates before the IPO opened. Investors should check the latest GMP rather than relying on older figures.
Vivekanand Cotspin IPO Timeline
The IPO is scheduled to open on 21 September 2026 and close on 23 September 2026. The basis of allotment is expected on 24 September, followed by refund/share credit on 25 September and tentative listing on 28 September 2026.
Who Can Apply for Vivekanand Cotspin IPO?
The IPO is a BSE SME book-building issue. Investors should carefully check the applicable investor-category requirements, lot size, application amount and UPI/payment rules before applying. SME IPOs can have different application requirements from mainboard IPOs.
Vivekanand Cotspin IPO – Important Points
Before applying, investors may consider checking:
- IPO price band and total issue size
- Minimum application amount
- Company's revenue and profitability
- Cotton and yarn industry conditions
- Working-capital requirements
- Debt and financial position
- Latest IPO GMP, while remembering that GMP is unofficial
- RHP and other official issue documents
- SME IPO risks and post-listing liquidity
About Company
Vivekanand Cotspin Limited was originally formed and registered as Vivekanand Cotspin LLP on July 21, 2015 under the Limited Liability Partnership Act, 2008. The LLP was subsequently converted into Vivekanand Cotspin Private Limited under Section 366 of the Companies Act, 2013 on August 5, 2024. Thereafter, the Company was converted into a public limited company and renamed Vivekanand Cotspin Limited on December 16, 2024.
The Company is engaged in cotton ginning, spinning and trading, with its key products including cotton bales, cotton seeds and cotton yarn. Its operations primarily comprise cotton ginning and spinning, wherein raw cotton is processed into clean cotton fibres and further spun into yarn. The Company manufactures both carded and combed cotton yarn for domestic as well as international markets, catering to various industries involved in fabric production.
The Company operates its spinning mills with efficient machinery and quality-control processes to maintain consistent product quality. Its manufacturing facility is located at Rangpurda, Kadi, in Mahesana District, Gujarat, strategically positioned close to major cotton-growing regions of Maharashtra and Saurashtra in Gujarat, supporting access to raw cotton.
The Company has an annual production capacity of approximately 4,550 tonnes of cotton yarn and 8,000 tonnes of cotton bales. Through its ginning and spinning operations, the Company focuses on producing quality cotton yarn for both domestic and international customers.
Strengths
Forward Integration: The Company is integrated from cotton ginning to cotton spinning, using ginned cotton from its ginning unit as raw material for yarn production.
Cost-Effective Production & Timely Order Fulfilment: Strong supplier relationships, quality raw material sourcing, efficient production systems and smooth labour relations support timely order fulfilment and cost-efficient production.
Scalable Business Model: Focus on capacity utilization, supplier linkages and economies of scale helps ensure consistent access to quality cotton, reduce procurement costs and improve production efficiency.
Risk Factors
Related Party Transaction Risk: The Company has significant sales and purchase transactions with related parties, including Ambica Cotseeds Limited, Vivekanand Industries and Avadh Cotton Industries. Such transactions may affect its competitive position.
Dependence on Related Party Arrangements: Certain related parties provide specialized capabilities, processing facilities, export infrastructure, customer relationships and market access. Any disruption or termination of these arrangements could adversely affect business and financial performance.
Potential Conflict of Interest: Promoter group entities, including Avadh Cotton Industries, Vivekanand Industries, Ambica Cotseeds Limited and Ambica Cotseeds PTE Ltd, operate in similar businesses such as cotton yarn/bale trading, ginning and cotton seed oil mills, creating a possibility of direct or indirect competition with the Company.
Conclusion
The Vivekanand Cotspin SME IPO 2026 is focused on the cotton processing and yarn manufacturing business. The issue is scheduled for 21–23 September 2026, with a price band of ₹32–₹37 per share and a proposed BSE SME listing on 28 September 2026.
Investors should review the company's RHP, financial performance, valuation, business risks and latest subscription/GMP information before making any investment decision. GMP is an unofficial indicator and does not guarantee listing gains.
FAQs About Vivekanand Cotspin IPO
1. When will Vivekanand Cotspin IPO open?
Vivekanand Cotspin IPO is scheduled to open on 21 September 2026.
2. When will Vivekanand Cotspin IPO close?
The IPO is scheduled to close on 23 September 2026.
3. What is the price band of Vivekanand Cotspin IPO?
The reported price band is ₹32 to ₹37 per equity share.
4. What is the lot size of Vivekanand Cotspin IPO?
The reported lot size is 3,000 shares. The minimum individual application is reported as two lots, or 6,000 shares.
5. What is Vivekanand Cotspin IPO issue size?
The issue size is reported at approximately ₹22.20 crore.
6. Where will Vivekanand Cotspin IPO be listed?
The IPO is proposed to be listed on the BSE SME platform.
7. What does Vivekanand Cotspin Limited do?
The company operates in cotton processing, ginning, spinning and cotton/yarn trading.
8. What is the Vivekanand Cotspin IPO GMP?
GMP is an unofficial and frequently changing indicator. Published data has recently shown ₹0 GMP on some dates; investors should check the latest available figure before relying on it.