- POSITIVE
Annual Revenue Vivekanand Cotspin Mar-2026 Annual Revenue is Rs 409 Cr which is growth of 40.7% YoY.
- NEGATIVE
Annual Net Profit Vivekanand Cotspin Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of -9.5% YoY.
Vivekanand Cotspin was incorporated on July 21, 2015. The company processes cotton by ginning raw cotton into cotton bales and seeds, and spinning cotton bales into yarn of various counts and quality grades. It also trades cotton bales and yarn to meet customer requirements, with its products mainly used by textile mills for weaving and knitting fabrics
| Bidding Dates |
|---|
| 21 Sep 2026 - 23 Sep 2026 |
| Subscription |
|---|
| 1.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹192,000 | 2 | 2 | 3000 | 6.0 M | ₹32 - ₹37 | 73.03 % | ₹192.0 M - ₹222.0 M | RHP DOC |
Vivekanand Cotspin IPO SUBSCRIPTION STATUS
23 Sep '26Total1.73x
Retail Individual Investor1.82x
HNI (NII) Investors2.05x
Qualified Institutional Buyers1.26x
Vivekanand Cotspin IPO overall subscription rate was 1.73 times the total available shares
Vivekanand Cotspin IPO retail subscription rate was 1.82 times in the retail segment
Vivekanand Cotspin IPO non-institutional investor subscription rate was 2.05 times in the non-institutional investor category
Vivekanand Cotspin IPO Qualified Institutional Bidder subscription rate was 1.26 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Sep 2026 (Day 3) | 1.82x | 2.05x | 1.26x |
22 Sep 2026 (Day 2) | 0.2x | 0.52x | - |
21 Sep 2026 (Day 1) | 0.05x | 0.19x | - |
Vivekanand Cotspin FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 408.0 | 3.7 | 8.7 | 6.0 | 3.7% |
| FY25 | 290.5 | 4.1 | -10.8 | -11.3 | 4.0% |
| FY24 | 357.4 | 3.4 | 24.4 | 9.1 | 4.1% |
Vivekanand Cotspin IPO SUBSCRIPTION STATUS DETAILS
Vivekanand Cotspin had 6.0 M shares on offer
Vivekanand Cotspin IPO offer price was in the range ₹32 - ₹37
Vivekanand Cotspin IPO minimum Investment was ₹192000
Vivekanand Cotspin IPO issue size was ₹ 192.0 M - ₹ 222.0 M
Vivekanand Cotspin had a minimum lot size of 3000 Shares per application
Vivekanand Cotspin NUMBER OF SHARES ON OFFER
Total6.0 M
Fresh Issue6.0 M
Offer for Sale0
Post Issue Promoter Holding %73.03 %
Vivekanand Cotspin IPO IMPORTANT DATES
| Issue Open Date | 21 Sep 2026 |
| Issue close Date | 23 Sep 2026 |
| Allotment Date | 24 Sep 2026 |
| Refund Date | 25 Sep 2026 |
| Demat Account Credit Date | 25 Sep 2026 |
| Listing Date | 28 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Vivekanand Cotspin Allotment Status | Exchange/ Registrar |
Vivekanand Cotspin IPO subscription opened on 21 Sep 2026, and closed on 23 Sep 2026
IPO allotment for Vivekanand Cotspin was finalized on Thursday, 24 Sep 2026
IPO listing for Vivekanand Cotspin was on BSE on Monday, 28 Sep 2026
Vivekanand Cotspin IPO LISTING GAINS
| Issue Price (adjusted) | 37.0 |
| Listing Open Price | 38.0 |
| Listing Close Price | 39.9 |
| Listing Gain% | 2.7% |
| Current Gain% | 10.8% |
Vivekanand Cotspin Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vivekanand Cotspin Ltd. | 41 | 91.2 | 24.7 | -2.6 | 0.2 | 12.7 | 4.3 | 409.3 | 40.7 | 3.7 | -9.5 | 1.7 | -9.5 |
| KPR Mill Ltd. | 1010.3 | 34533.5 | 37.9 | 3.6 | 5.1 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 26.7 | 10.7 |
| Welspun Living Ltd. | 209 | 20042.5 | 72.2 | -1.5 | 2 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.9 | -48.7 |
| Vardhman Textiles Ltd. | 495.4 | 14347.1 | 16.9 | -35.8 | 1.4 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Arvind Ltd. | 482.4 | 13123.2 | 31.7 | 2.5 | 1.3 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 12.7 |
| Trident Ltd. | 20.6 | 10513 | 26.6 | -2.8 | 1.6 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Annual
Balance Sheet
Ratios
Cash Flow
Vivekanand Cotspin annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 409.3 | 290.9 | 358 | ||
Operating Exp. Ann. | 392.9 | 281.1 | 342.8 | |
Operating Profit Ann. | 15.1 | 9.4 | 14.6 | |
OPM Ann. % | 3.69% | 3.23% | 4.08% | |
| 404.2 | 287.6 | 352.8 | ||
EBITDA Ann. | 16.4 | 9.9 | 15.2 | |
EBITDA Ann. margin % | 4.01% | 3.39% | 4.25% | |
Interest Ann. | 5.6 | 2.6 | 4.4 | |
Depr. | 5.7 | 3.9 | 5.6 | |
PBT Ann. | 5.1 | 3.2 | 5.2 | |
Tax Ann. | 1.4 | -0.8 | 1.9 | |
| 3.7 | 4.1 | 3.4 | ||
Net Profit Ann. | 3.7 | 4.1 | 3.4 | |
NPM Ann. % | 0.90% | 1.40% | 0.93% | |
EPS Adj. latest Ann. | 1.7 | 1.8 | 1.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
40.7%
2Y CAGR
6.9%
Net Profit Ann.
1Y CHG
-9.8%
2Y CAGR
4.3%
Operating Exp. Ann.
1Y CHG
39.8%
2Y CAGR
7.1%
Vivekanand Cotspin INFORMATION ON IPO ISSUE
About Vivekanand Cotspin
Vivekanand Cotspin was incorporated on July 21, 2015. The company processes cotton by ginning raw cotton into cotton bales and seeds, and spinning cotton bales into yarn of various counts and quality grades. It also trades cotton bales and yarn to meet customer requirements, with its products mainly used by textile mills for weaving and knitting fabrics
Object of the Issue
- Funding capital expenditure requirements towards plant & machinery
- To meet working capital requirements
- General corporate purpose
Vivekanand Cotspin - PROMOTERS
| Name |
|---|
| Nirav Bharatbhai Patel |
| Jasmin Visnubhai Patel |
| Bharatbhai Prahaladbhai Patel |
| Vishnubhai Prahaladdas Patel |
| Gautam Bharatkumar Patel |
| Ranjanben Bharatbhai Patel |
| Kapilaben Vishnubhai Patel |
Vivekanand Cotspin - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nirav Bharatbhai Patel | Chairman & Managing Director |
| Jasmin Visnubhai Patel | Whole Time Director |
| Bharatbhai Prahaladbhai Patel | Non-Executive Director |
| Vishnubhai Prahladdas Patel | Non-Executive Director |
| Rohit Khandelwal | Independent Director |
| Bhavika Sanghani | Independent Director |
Vivekanand Cotspin Book Running Lead Manager
Swastika Investmart Limited
mb@swastika.co.in
Vivekanand Cotspin Registrar to the issue
MUFG Intime India Private Limited
vivekanand.smeipo@in.mpms.mufg.com
Vivekanand Cotspin Strengths
Cost effective production
The company focuses on timely order fulfilment and cost efficiency through quality raw materials, efficient production systems, good labour relations and strong supplier linkages. Its efficient procurement practices and reliable supplier relationships ensure timely raw material supplies and support cost-effective production
Strength
Scalable business model
The company centres on timely order fulfilment and cost efficiency through quality raw materials, efficient production systems, good labour relations and strong supplier linkages. Its efficient procurement practices and reliable supplier relationships ensure timely raw material supplies and support cost-effective production
Strength
Quality control
The company focuses on producing high-quality cotton yarn in various counts and grades to meet the diverse requirements of textile mills and garment manufacturers. Consistent quality control and continuous process improvement help strengthen customer satisfaction, build trust and remain competitive
Strength
Vivekanand Cotspin Risks
Price volatility
The company’s production costs and profitability are sensitive to fluctuations in cotton prices and availability, which are influenced by weather, demand-supply conditions, trade policies and government measures. Higher cotton costs or supply shortages could increase production expenses, reduce margins and affect competitiveness and financial performance
Risk
Seasonal business
The company depends on seasonal cotton production, with peak availability during November to March, making raw material supply and prices vulnerable to weather, pests and crop yield variations. Supply shortages or higher procurement costs during off-seasons could disrupt production, increase inventory and working capital costs, and affect profitability
Risk
Competition
The company operates in a highly competitive cotton processing and yarn manufacturing industry, facing competition from domestic and international players on pricing, quality, efficiency and customer relationships. Intense competition, changing customer preferences or new technologies could create pricing pressure, reduce market share and adversely affect its profitability
Risk
IPO FAQs
The promoters of the company are Nirav Bharatbhai Patel, Jasmin Visnubhai Patel, Bharatbhai Prahaladbhai Patel, Vishnubhai Prahaladdas Patel, Gautam Bharatkumar Patel, Ranjanben Bharatbhai Patel and Kapilaben Vishnubhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 32.0 - 37.0.
The IPO application opens on Sep 21, 2026 and closes on Sep 23, 2026.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 192,000.0, the maximum value for this IPO is Rs 222,000.0.
This IPO will be allotted on Sep 24, 2026.
The refund will be credited to your account on Sep 25, 2026.
The allotted shares will be credited to your demat on Sep 25, 2026.
Vivekanand Cotspin Ltd.’s shares listed on the stock exchanges on Sep 28, 2026.