Vivekanand Cotspin IPO: Dates, Price Band & Details
By ThePip Desk
Discover Vivekanand Cotspin IPO details, including the Rs 22.20 crore issue size, price band of Rs 32-37, and opening date on September 21, 2026.
Vivekanand Cotspin is launching an initial public offering to raise Rs 22.20 crore by offering shares to public investors. The offering consists of 60,00,000 equity shares packaged in a price band of Rs 32 to Rs 37 per share.
IPO Schedule And Key Metrics
Investors can review the core metrics and timeline for the upcoming public issue below.
- Issue size: Rs 22.20 crore
- Total shares: 60,00,000 shares
- Price band: Rs 32-37 per equity share
- Opening date: September 21, 2026
- Closing date: September 23, 2026
- Listing venue: SME Platform of BSE
- Face value: Rs 10 per share
- Lower price multiple: 3.20 times of face value
- Higher price multiple: 3.70 times of face value
Swastika Investmart acts as the book running lead manager for the public issue. Ankit Sanchiher serves as the compliance officer for the company during the process.
Business Model And Facilities
The company focuses heavily on cotton processing and yarn manufacturing operations. Activities include ginning raw cotton into cotton bales and cotton seed, alongside spinning those bales into cotton yarn.
- Primary operations: Cotton ginning and spinning
- Manufactured items: Cotton bales, Cotton Seeds, and Cotton Yarn
- Yarn types: Carded and combed yarn
- Manufacturing location: Rangpurda, Kadi of Mahesana District
Trading of cotton bales and cotton yarn also occurs in the ordinary course of business to meet customer requirements and optimize market opportunities. Production facilities operate near major cotton-growing regions in Maharashtra and the Saurashtra region of Gujarat.
Fund Utilization And Markets
Capital raised through the public offering will be deployed toward specific corporate objectives and operational requirements.
- Capital expenditure: Plant and machinery requirements
- Working capital: Meeting working capital requirements
- Corporate use: General corporate purpose
Finished products cater to both domestic and international markets, supplying textile mills that require high-quality yarn for fabric weaving and knitting.