Vivekanand Cotspin IPO Analysis & Review

Quick Answers

What is the Vivekanand Cotspin IPO GMP today? The Vivekanand Cotspin IPO GMP is ₹0 as of 21/9/2026, 5:11:34 am. The IPO price band is ₹32 - ₹37. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Vivekanand Cotspin IPO open? The Vivekanand Cotspin IPO opens on 2026-09-21 and closes on 2026-09-23.

What is the Vivekanand Cotspin IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Vivekanand Cotspin IPO scored 55/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What business does Vivekanand Cotspin Ltd operate?

Vivekanand Cotspin Ltd is engaged in raw cotton ginning and cotton yarn spinning. It produces cotton bales, cotton seeds, and carded/combed cotton yarn for textile mills.

What is the issue size and price band for Vivekanand Cotspin IPO?

The IPO issue size is ₹22.20 Crore, with a price range of ₹32 to ₹37 per share and a lot size of 3,000 shares.

Where are the company's manufacturing facilities located?

The company's primary manufacturing facility and spinning mills are located at Rangpurda, Kadi, in the Mahesana district of Gujarat.

What is Vivekanand Cotspin's production capacity?

The company has an annual production capacity of approximately 4,551 MT of cotton yarn and 8,000 MT of cotton bales.

What were Vivekanand Cotspin's recent revenue trends?

The company reported revenues of ₹357 Crore in FY24, ₹290 Crore in FY25, and ₹408 Crore in FY26.

What are the major risk factors associated with Vivekanand Cotspin?

Key risks include negative operating cash flow in FY25 (-₹10.79 Crore), potential conflicts of interest with promoter-owned entities in similar businesses, ₹58.43 Crore in outstanding debt, and extreme dependency on raw cotton price volatility.

What are the key IPO subscription and listing dates?

The IPO opens on September 21, 2026, closes on September 23, 2026, with allotment finalized on September 24, 2026, and tentative listing on September 28, 2026.

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Home›India›Vivekanand Cotspin ()
Vivekanand Cotspin Logo

Vivekanand CotspinNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Textiles & ApparelIndiaFiled 2026-09-21Listing 2026-09-28Size ₹22.41Cr
Lot Size 3000
Live GMP
₹0 (0%)
Check Allotment
Status Link

Is Vivekanand Cotspin IPO Good? Quick Verdict

Vivekanand Cotspin IPO scored 55/100 (High Risk) in our deep analysis. The strongest pillar is Dilution at 60/100, while Valuation is the primary concern at 50/100. Vivekanand Cotspin Ltd exhibits strong revenue recovery in FY26 through integrated ginning and spinning, but faces operational risks due to negative FY25 cash flows, high product concentration, and substantial debt.

IPO Score
55/100
High Risk

Quick Verdict

Integrated cotton processing value chain with ginning raw cotton into bales and spinning bales into yarn.
Strategic manufacturing location near key cotton-growing belts in Gujarat and Maharashtra.
Negative operating cash flows of ₹10.79 Crore reported in FY25.
High product concentration with cotton yarn and bales accounting for 90.92% of sales in FY26.
Significant debt burden with outstanding borrowings of ₹58.43 Crore as of April 30, 2026.

Company Snapshot

Revenue (TTM)
₹408Cr↑ 40.69% YoY
Profitability
—Pending Data
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹22.41Cr 
Industry
Textiles & Apparel 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
55
Expensive
Financial
55
Expensive
Valuation
50
Expensive
Competition
55
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Vivekanand Cotspin Ltd is a Gujarat-based cotton processing and yarn manufacturing company that operates integrated ginning and spinning facilities at Rangpurda, Kadi. The company is launching a ₹22.20 Crore IPO with a price band of ₹32 to ₹37 per share, scheduled to list on September 28, 2026. While its annual revenue rebounded to ₹408 Crore in FY26, Vivekanand Cotspin faces structural risks including negative operating cash flow of ₹10.79 Crore in FY25, total debt of ₹58.43 Crore, and severe product concentration on cotton yarn and bales.

Overall Verdict: Vivekanand Cotspin Ltd exhibits strong revenue recovery in FY26 through integrated ginning and spinning, but faces operational risks due to negative FY25 cash flows, high product concentration, and substantial debt.

Key Highlights

  • •Operates an integrated manufacturing facility in Kadi, Gujarat, with annual capacities of 4,551 MT cotton yarn and 8,000 MT cotton bales.
  • •Annual revenue expanded to ₹408 Crore in FY26 after declining from ₹357 Crore in FY24 to ₹290 Crore in FY25.
  • •Cotton yarn generated ₹210.80 Crore (52.18%) and cotton bales generated ₹156.50 Crore (38.74%) of product sales in FY26.
  • •Total issue size of ₹22.20 Crore with a price range between ₹32 and ₹37 per share.
  • •Total outstanding borrowings stood at ₹58.43 Crore as of April 30, 2026.
  • •Trade receivables stood at ₹11.77 Crore as of March 31, 2026.

Financial Performance

Revenue (Annual)

↑ +40.7% YoY

INR in Crores

Net Income (Annual)

Profitability

INR in Crores

Cash Flow vs Profit

↑ +100.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT
Data not reported in RHP

IPO Timeline

IPO Opens2026-09-21
IPO Closes2026-09-23
Basis of Allotment2026-09-24
Refunds & Demat2026-09-25
Listing Date2026-09-28

Valuation Analysis

IPO Price₹32 - ₹37
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
55
Governance
55
Profitability
55
Valuation
50
Competition
55
Execution
60

Pros vs Cons

Pros

  • Integrated operations connecting cotton ginning directly into raw material for yarn spinning.
  • Strategic geographic location in Gujarat close to major cotton harvest regions of Maharashtra and Saurashtra.
  • Diverse product offerings including carded and combed cotton yarn, cotton bales, seeds, and yarn waste.
  • Substantial revenue recovery in FY26 reaching ₹408 Crore.

Cons

  • Conflict of interest with promoter group entities operating in competing cotton trading and ginning businesses.
  • Reported negative operating cash flows of ₹10.79 Crore in FY25 due to working capital expansion.
  • High concentration risk with 90.92% of product sales derived from cotton yarn and bales in FY26.
  • Outstanding borrowing load of ₹58.43 Crore as of April 30, 2026.
  • High vulnerability to seasonal crop yields and raw cotton price volatility.

Financial Health

Revenue Growth
40.69% YoY (FY25 to FY26) (Good)
Debt Level
₹58.43 Crore total borrowings (Weak)
Cash & Equivalents
Undisclosed (Moderate)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
None

Vivekanand Cotspin IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Vivekanand Cotspin IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Vivekanand Cotspin

What is the expected listing price of Vivekanand Cotspin?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Vivekanand Cotspin on our Live GMP Tracker.