Vivekanand Cotspin IPO: Vivekanand Cotspin Limited plans to open its SME IPO for bidding on September 21, 2026. The bidding window will end on September 23, 2026.
The offer price will fall in a band of ₹32 to ₹37 per share. The company plans to get the shares listed on the BSE SME platform on September 28.
Before the IPO date, many people have been tracking a few key points. These include the GMP, the issue price, the lot size, and the allotment day.
Vivekanand Cotspin IPO GMP Today
On September 16, 2026, the latest reported GMP for Vivekanand Cotspin is ₹0. If you look at the top end of the price range, ₹37, it suggests an unofficial estimated listing figure near ₹37.
Still, GMP is only a grey market signal. It is not approved by SEBI. The value can move and may not hold up by listing day. It also should not be seen as a sure sign of profit after listing.
Price and Key Details
- IPO Type: SME IPO
- Price Band: ₹32–₹37 per share
- Issue Size: About ₹24.05 crore
- Lot Size: 3,000 shares
- Minimum application: 2 lots or 6,000 shares
- Minimum investment at upper band: ₹2.22 lakh
- IPO Opens: September 21, 2026
- IPO Closes: September 23, 2026
- Allotment: September 24, 2026 (tentative)
- Refund: September 25, 2026
- Demat credit: September 25, 2026
- Listing: September 28, 2026
- Listing Platform: BSE SME
- Registrar: MUFG Intime India
- Lead Manager: Swastika Investmart
Vivekanand Cotspin IPO Lot Size
The IPO lot size is 3,000 shares. Retail investors need to apply for a minimum of two lots, or 6,000 shares.
At the upper price band of ₹37, the minimum application amount comes to ₹2,22,000.
Vivekanand Cotspin IPO Allotment Date
The tentative Vivekanand Cotspin IPO allotment date is September 24, 2026. Refunds and credit of shares are expected on September 25, while the shares are scheduled to list on September 28, subject to changes in the IPO timetable.
Investors can check allotment status through the IPO registrar, MUFG Intime India, using details such as PAN, application number or DP/Client ID.
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About Vivekanand Cotspin
Vivekanand Cotspin is a Gujarat-based textile company engaged in cotton ginning, cotton processing and yarn manufacturing. Its products include cotton bales, cotton seeds and cotton yarn.
The company’s manufacturing facility is located at Rangpurda, Kadi, in Gujarat’s Mahesana district. It has an integrated business model covering cotton ginning and spinning.
Vivekanand Cotspin Financial Performance
The company’s revenue has grown strongly over the past few years. Its FY24 total income was around ₹357.82 crore, compared with ₹302.18 crore in FY23.
However, profitability remains relatively thin. PAT stood at around ₹3.59 crore in FY24, after losses in the previous two financial years.
A newer set of offer-document numbers suggests sales stayed on track into FY26. At the same time, profit fell compared with the prior year. This makes it worth watching margins and how cotton prices move.
Where the Vivekanand Cotspin IPO Funds May Go?
The firm says it will mainly apply the IPO money to these items:
- More plant and machinery
- Cash needed for daily operations
- General corporate uses
For a cotton-processing company, working capital matters a lot. Prices for raw cotton and how much stock is held can change cash flow.
What To Watch?
Before the issue opens, investors may want to look at several things:
- Subscription levels
- GMP trends
- Valuation
- Profit margins
- Working-capital needs
- Cotton price swings
The present GMP is ₹0. That does not point to any unofficial premium right now. Also note that SME IPOs can trade and liquidate in a different way than mainboard issues.
GMP, subscription, and allotment details can shift as the IPO timeline moves. Check the latest exchange updates and offer papers before you decide to invest.
