Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Vivekanand Cotspin Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 27, 2025.
Vivekanand Cotspin Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Grow House Wealth Management Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Feb 25, 2025 |
| Offer document withdrawn | Tue, May 27, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading.
The company's products include cotton bales, seeds, and yarn.
The company operates in two primary areas: cotton ginning and spinning.
The company focuses on spinning clean cotton fibres into yarn.
The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India. It operates spinning mills with efficient machinery to uphold quality control.
The company’s manufacturing facility is located in Rangpurda, Kadi, within the Mahesana District of Gujarat, close to the fertile cotton-growing regions of Maharashtra and Saurashtra in Gujarat. The company has established an annual production capacity of approximately 4,550.51 tons of cotton yarn and 8,000 tons of cotton bales.
As of September 30, 2024, the Company has 144 employees on payroll.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88.50 | 84.79 | 71.86 | 83.15 |
| Total Income | 18.15 | 357.82 | 302.18 | 182.98 |
| Profit After Tax | 0.39 | 3.59 | -0.57 | -0.70 |
| NET Worth | 15.39 | 22.28 | 32.05 | 31.83 |
| Reserves and Surplus | 0.39 | |||
| Total Borrowing | 50.09 | 40.02 | 31.83 | 41.98 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding for capital expenditure requirement towards installation of additional plant and machinery | 1.01 |
| 2 | Funding Working Capital Requirement of the Company | 15.90 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.22% |
| Debt/Equity | 1.80 |
| RoNW | 16.12% |
| PAT Margin | 1.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | |
| 2 | Brokerage, selling, commission and upload fees | |
| 3 | Registrar to the issue | |
| 4 | Legal Advisors | |
| 5 | Advertising and Marketing expenses | |
| 6 | Regulators including stock exchanges | |
| 7 | Printing and distribution of issue stationery | |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) |
Lead Manager Reports
Vivekanand Cotspin IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Vivekanand Cotspin IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vivekanand Cotspin IPO using UPI as a payment gateway. Zerodha customers can apply in Vivekanand Cotspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vivekanand Cotspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vivekanand Cotspin IPO dates are not announced. Please check back again after some time.
Vivekanand Cotspin IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Vivekanand Cotspin IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vivekanand Cotspin IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vivekanand Cotspin IPO allotment status.
The Vivekanand Cotspin IPO listing date is not yet announced. The tentative date of listing is .
