Siddhi Cotspin IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 19 to Sep 23 2025
Price Band
₹102 - 108
Current GMP
₹86.4 (-20%)
Subscription
4.21 times
IPO Details
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | September 26, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹108 per share |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 64,68,000 shares (aggregating up to ₹69.85 Cr) |
| Reserved for Market Maker | 3,24,000 shares (aggregating up to ₹3.50 Cr)Jevin Stock Broker Private Limited |
| Fresh Issue (Ex Market Maker) | 46,20,000 shares (aggregating up to ₹49.90 Cr) |
| Offer for Sale | 15,24,000 shares of ₹10 (aggregating up to ₹16.46 Cr) |
| Net Offered to Public | 61,44,000 shares (aggregating up to ₹66.36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,94,62,491 shares |
| Share Holding Post Issue | 2,44,06,491 shares |
IPO Date
September 19, 2025 to September 23, 2025
Listing Date
September 26, 2025
Face Value
₹10 per share
Issue Price Band
₹102 to ₹108 per share
Issue Price Final
₹108 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
64,68,000 shares (aggregating up to ₹69.85 Cr)
Reserved for Market Maker
3,24,000 shares (aggregating up to ₹3.50 Cr)Jevin Stock Broker Private Limited
Fresh Issue (Ex Market Maker)
46,20,000 shares (aggregating up to ₹49.90 Cr)
Offer for Sale
15,24,000 shares of ₹10 (aggregating up to ₹16.46 Cr)
Net Offered to Public
61,44,000 shares (aggregating up to ₹66.36 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,94,62,491 shares
Share Holding Post Issue
2,44,06,491 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 17.53 |
| Non-Institutional Buyers*** | 5.94 |
| bNII (bids above ₹10L) | 9.47 |
| sNII (bids below ₹10L) | 0.95 |
| Individual Investors (IND category bidding for 2 Lots) | 1.50 |
| Total ** | 4.21 |
Market Maker
1
QIB (Ex Anchor)
17.53
Non-Institutional Buyers***
5.94
bNII (bids above ₹10L)
9.47
sNII (bids below ₹10L)
0.95
Individual Investors (IND category bidding for 2 Lots)
1.50
Total **
4.21
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 19, 2025 | 6.38 | 5.65 | 9.50 | 0.21 | 0.34 | 2.20 |
| Day 2 Sep 22, 2025 | 13.92 | 5.43 | 9.08 | 0.27 | 0.61 | 3.12 |
| Day 3 Sep 23, 2025 | 17.53 | 5.94 | 9.47 | 0.95 | 1.50 | 4.21 |
DayDay 1
Sep 19, 2025
QIB (Ex Anchor)6.38
NII*5.65
NII (> ₹10L)9.50
NII (< ₹10L)0.21
Individual Investors0.34
Total2.20
DayDay 2
Sep 22, 2025
QIB (Ex Anchor)13.92
NII*5.43
NII (> ₹10L)9.08
NII (< ₹10L)0.27
Individual Investors0.61
Total3.12
DayDay 3
Sep 23, 2025
QIB (Ex Anchor)17.53
NII*5.94
NII (> ₹10L)9.47
NII (< ₹10L)0.95
Individual Investors1.50
Total4.21
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 26-09-2025 | 108.00 | 0(0.00%) | 108 |
| 25-09-2025 | 108.00 | 0(0.00%) | 108 |
| 24-09-2025 | 108.00 | 0(0.00%) | 108 |
| 23-09-2025 | 108.00 | 0(0.00%) | 108 |
| 22-09-2025 | 108.00 | 0(0.00%) | 108 |
| 21-09-2025 | 108.00 | 0(0.00%) | 108 |
| 20-09-2025 | 108.00 | 0(0.00%) | 108 |
| 19-09-2025 | 108.00 | 0(0.00%) | 108 |
| 18-09-2025 | 108.00 | 0(0.00%) | 108 |
| 17-09-2025 | 108.00 | 0(0.00%) | 108 |
| 16-09-2025 | 108.00 | 0(%) | (%) |
Date26-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date25-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date24-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date23-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date22-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date21-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date20-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date19-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date18-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date17-09-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date16-09-2025
Price108.00
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Fri, Sep 19, 2025 |
| IPO Close Date | Tue, Sep 23, 2025 |
| Tentative Allotment | Wed, Sep 24, 2025 |
| Initiation of Refunds | Thu, Sep 25, 2025 |
| Credit of Shares to Demat | Thu, Sep 25, 2025 |
| Tentative Listing Date | Fri, Sep 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 23, 2025 |
IPO Open Date
Fri, Sep 19, 2025
IPO Close Date
Tue, Sep 23, 2025
Tentative Allotment
Wed, Sep 24, 2025
Initiation of Refunds
Thu, Sep 25, 2025
Credit of Shares to Demat
Thu, Sep 25, 2025
Tentative Listing Date
Fri, Sep 26, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Sep 23, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,36,800 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,59,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,59,200
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,88,800
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹9,07,200
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,36,800
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 182.83 | 181.25 | 184.13 |
| Total Income | 724.66 | 581.18 | 199.88 |
| Profit After Tax | 13.08 | 12.18 | 6.02 |
| EBITDA | 32.87 | 34.72 | 25.10 |
| NET Worth | 79.44 | 66.36 | 54.18 |
| Reserves and Surplus | 59.98 | 46.90 | 49.75 |
| Total Borrowing | 67.11 | 90.58 | 113.78 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025182.83
31 Mar 2024181.25
31 Mar 2023184.13
Period EndedTotal Income
31 Mar 2025724.66
31 Mar 2024581.18
31 Mar 2023199.88
Period EndedProfit After Tax
31 Mar 202513.08
31 Mar 202412.18
31 Mar 20236.02
Period EndedEBITDA
31 Mar 202532.87
31 Mar 202434.72
31 Mar 202325.10
Period EndedNET Worth
31 Mar 202579.44
31 Mar 202466.36
31 Mar 202354.18
Period EndedReserves and Surplus
31 Mar 202559.98
31 Mar 202446.90
31 Mar 202349.75
Period EndedTotal Borrowing
31 Mar 202567.11
31 Mar 202490.58
31 Mar 2023113.78
Peers Comparison
| Company Name | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Siddhi Cotspin Ltd. | 6.72 | 40.82 | 16.47 | ||
| Lagnam Spintex Limited | 7.28 | 68.41 | 12.84 | 10.64 | 1.37 |
| Pashupati Cotspin Limited | 9.11 | 86.80 | 68.62 | 10.64 | 7.27 |
| United Polyfab Gujarat Limited | 7.71 | 42.41 | 19.39 | 18.18 | 3.55 |
Company NameSiddhi Cotspin Ltd.
EPS (Diluted)6.72
NAV (per share) (Rs)40.82
P/E (x)
RoNW (%)16.47
P/BV Ratio
Company NameLagnam Spintex Limited
EPS (Diluted)7.28
NAV (per share) (Rs)68.41
P/E (x)12.84
RoNW (%)10.64
P/BV Ratio1.37
Company NamePashupati Cotspin Limited
EPS (Diluted)9.11
NAV (per share) (Rs)86.80
P/E (x)68.62
RoNW (%)10.64
P/BV Ratio7.27
Company NameUnited Polyfab Gujarat Limited
EPS (Diluted)7.71
NAV (per share) (Rs)42.41
P/E (x)19.39
RoNW (%)18.18
P/BV Ratio3.55
IPO Reservation
| Market Maker Shares Offered | 3,24,000 (5.27%) |
| QIB Shares Offered | 6,14,400 (10.00%) |
| NII (HNI) Shares Offered | 13,34,400 (21.72%) |
| − bNII > ₹10L | 7,81,600 (12.72%) |
| − sNII < ₹10L | 5,52,000 (8.98%) |
| Retail Shares Offered | 38,71,200 (63.01%) |
| Total Shares Offered | 61,44,000 (100.00%) |
Market Maker Shares Offered
3,24,000 (5.27%)
QIB Shares Offered
6,14,400 (10.00%)
NII (HNI) Shares Offered
13,34,400 (21.72%)
− bNII > ₹10L
7,81,600 (12.72%)
− sNII < ₹10L
5,52,000 (8.98%)
Retail Shares Offered
38,71,200 (63.01%)
Total Shares Offered
61,44,000 (100.00%)
Information about company
Incorporated in 2015, Siddhi Cotspin is engaged in manufacturing and selling cotton yarns, including value-added and specialty yarns. The company offers a wide range of value-added cotton yarns, including Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, among others. In addition, we manufacture TFO Double Yarn, which adds strength and durability.
It supply products to textile manufacturers, garment exporters, and distributors, focusing on quality, reliability, and timely delivery. Over time, we have built strong and long-term customer relationships
It has a manufacturing facility in Dholi, Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles. The unit has an annual production capacity of about 90,11,850 kgs of cotton yarn and 2,70,35,550 for value-added yarns. The manufacturing facility is equipped with advanced, automated machinery that ensures high productivity and consistent quality. A skilled technical team oversees the spinning process using modern technology and strict quality controls at every stage, from raw material to final product. We also follow sustainable practices by minimizing waste, conserving energy, and reducing environmental impact.
Strengths
Experienced Promoter and Management Team
Best Quality Standard
Strong and diversified supplier base
Optimal Utilization of Resources
Long-standing relationships with our customers
Objectives of IPO
The Company Siddhi Cotspin IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding the working capital requirements of our Company
25.10
2
Repayment or prepayment of all or a portion of certain outstanding borrowings
8.97
3
General Corporate Purposes
Disclaimer
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