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.
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.
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.
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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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.
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.
The firm says it will mainly apply the IPO money to these items:
For a cotton-processing company, working capital matters a lot. Prices for raw cotton and how much stock is held can change cash flow.
Before the issue opens, investors may want to look at several things:
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.
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