Vivekanand Cotspin IPO is a SME issue open from 21–23 September. The company is raising ₹22 Cr at a price band of ₹32 to ₹37 per share. One lot is 3,000 shares.
Vivekanand Cotspin IPO Review & Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,11,000
3000 shares at the upper band of ₹37
Retail limit
1 lot
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~5 days
from the closing date to listing
Fresh issue share
95.5%
₹21 Cr of the ₹22 Cr issue
Revenue growth
+40.7%
31 Mar 2025 → 31 Mar 2026
Profit growth
-9.3%
PAT ₹4.07 Cr → ₹3.69 Cr
Net profit margin
0.9%
was 1.4% in 31 Mar 2025
Debt to equity
1.56
lower is safer
Return on equity
15.96%
ROE
Peer listing record
6 of 14 listed above issue price
median listing move -5%
Vivekanand Cotspin is an SME issue raising ₹22 Cr, offered in a band of ₹32–₹37 per share. At the upper end that is 3.7 times the ₹10 face value, so ₹27 of every share subscribed is share premium rather than capital. SME issues list on the BSE SME or NSE Emerge platform rather than the main board. They trade in fixed lots after listing, carry no retail-versus-HNI cut-off bidding, and are usually far less liquid, so exiting a position can take longer than on the main board.
A retail application for Vivekanand Cotspin needs one lot of 3000 shares, which works out to ₹1,11,000 at the upper band of ₹37. SME lots are deliberately sized above ₹1,00,000, so this is a far larger single commitment than a mainboard application and rules out most small investors. Retail applications are capped at ₹2,00,000, which here is 1 lot; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 10 lots.
For Vivekanand Cotspin, bidding runs 21-23 Sept, allotment is finalised on 24 Sep 2026, the shares list on 28 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 5 days before listing decides what the holding is worth.
The issue is reserved 47.5% to qualified institutional buyers, 14.25% to non-institutional investors, 33.25% to retail. At 33.25%, the retail portion is on the narrower side, so retail allotment turns into a lottery quickly once the book fills. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The issue splits into ₹21 Cr of fresh capital (95.5%) and ₹1 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹290.94 Cr in 31 Mar 2025 to ₹409.32 Cr in 31 Mar 2026 (+40.7%), while profit after tax went from ₹4.07 Cr to ₹3.69 Cr (-9.3%). Revenue is up but profit has fallen, so margins are being squeezed — worth understanding why before applying.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 13.3. Comparing that with the multiple implied by this issue's ₹32–₹37 band is a more useful test of pricing than looking at the grey market premium alone.
MUFG Intime India Pvt.Ltd. is the registrar for this issue, which means the allotment status for Vivekanand Cotspin is published on their portal from 24 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
What to watch
- Revenue is rising while profit falls, indicating margin pressure.
- Net margin is thin at 0.9%, leaving little cushion if costs rise.
- Debt to equity of 1.56 means the company carries more debt than equity.
- Only 6 of the last 14 comparable IPOs closed above their issue price on listing day.
- There is no grey market premium on this issue at present, which points to muted listing-day expectations.
The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.
What is Vivekanand Cotspin IPO?
Vivekanand Cotspin IPO is a SME issue open from 21–23 September. The company is raising ₹22 Cr at a price band of ₹32 to ₹37 per share. One lot is 3,000 shares.
When does Vivekanand Cotspin IPO open and close?
The issue is open 21–23 September. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Vivekanand Cotspin IPO price band?
The price band is ₹32 to ₹37 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Vivekanand Cotspin IPO lot size?
The minimum application is 3,000 shares, and bids must be in multiples of that lot.
What is the Vivekanand Cotspin IPO issue size?
The total issue size is ₹22 Cr.
How is Vivekanand Cotspin IPO reserved between investor categories?
The issue is reserved as retail 33.25%, QIB 47.5%, HNI 14.25%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Vivekanand Cotspin IPO allotment date?
Basis of allotment is expected to be finalised on 24 Sep 2026. You can check your status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN.
When does Vivekanand Cotspin IPO list?
Listing is expected on 28 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
