Vivekanand Cotspin IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 17, 2026

Vivekanand Cotspin Limited, an established player in the cotton processing and yarn manufacturing sector, is gearing up to make its primary market debut with an upcoming ₹24.05 Crore SME IPO. Operating as a fully integrated textile manufacturer, the company focuses on delivering high-quality agricultural and textile products, spanning from cotton ginning to spinning operations, producing premium cotton bales, seeds, and yarn. Operating a highly scalable and resilient business model, Vivekanand Cotspin provides essential raw materials to domestic and international textile mills for weaving and knitting fabrics, backed by India’s dominant position in the global textile supply chain. The subscription window for this book-built issue opens on September 21, 2026, and closes on September 23, 2026. The price band is set between ₹32 to ₹37 per equity share, comprising entirely of a fresh issue of 65.00 lakh shares (aggregating to ₹24.05 Crore) with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund capital expenditure for additional plant and machinery, meet substantial working capital requirements, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this high-volume, manufacturing-driven enterprise, backed by a massive FY26 total revenue of ₹409.32 Crore and a net profit of ₹3.69 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Incorporated in 2015 and headquartered in the cotton-rich region of Mahesana, Gujarat, Vivekanand Cotspin Limited is a fully integrated textile manufacturer operating at the core of the Indian agricultural and textile value chain. The company specializes in the end-to-end processing of raw seed cotton into high-quality commercial textile products through advanced ginning and spinning operations.

The company's diverse and highly scalable product portfolio is segmented into the following key divisions:

• Premium Cotton Yarn: The company manufactures highly uniform Carded and Combed Cotton Yarn using state-of-the-art ring spinning and open-end spinning technologies. This yarn is heavily utilized by domestic and international textile mills for weaving and knitting premium apparel and industrial fabrics.
• Raw Cotton Bales: The company’s ginning division processes raw seed cotton sourced directly from farmers across Gujarat, Maharashtra, and Saurashtra to manufacture commercial-grade Cotton Bales.
• Cotton By-Products: Ensuring zero-waste capacity utilization, the company also processes and supplies Cotton Seeds and Cotton Yarn Waste, which enjoy robust demand in the agricultural feed and secondary textile recycling markets.

Operating out of its advanced manufacturing facility located in Rangpurda, Kadi (Gujarat), the company boasts an established annual production capacity of approximately 8,000 Metric Tonnes (MT) of Cotton Bales and 4,551 MT of Cotton Yarn. Notably, the company maintains a strong focus on sustainability, powering its operations through a captive solar power plant to reduce carbon emissions and lower power costs. While Vivekanand Cotspin primarily caters to the massive domestic textile market, it also commands a strong international presence, exporting its yarn to countries like Bangladesh, China, Vietnam, and South Africa through its established export network.

The Vivekanand Cotspin IPO is a pure Fresh Issue of 60.00 Lakh equity shares aggregating to ₹22.20 Crore (at the upper price band of ₹37 per share), with absolutely no Offer for Sale (OFS) by the existing promoters. The company proposes to utilize the net proceeds from this fresh issue toward the following strategic growth and financial objectives:

• Working Capital Requirements (₹11.00 Crore): A significant portion of the IPO proceeds will be deployed to meet the company's incremental working capital needs. Because the cotton industry is highly seasonal and capital-intensive—requiring massive upfront procurement of raw seed cotton during the harvest season and extended credit cycles for institutional B2B textile clients—this capital injection will ensure smooth, uninterrupted manufacturing cycles without relying on high-interest short-term debt.
• Capital Expenditure for Expansion (₹5.27 Crore): The company will direct these funds toward the purchase and installation of additional plant and machinery. This capex will allow Vivekanand Cotspin to modernize its current spinning infrastructure, improve yarn realization margins, and scale overall production capacity to meet growing export demand.
• General Corporate Purposes: The remaining balance of the net proceeds will be deployed toward general corporate initiatives, supporting ongoing business development, facility maintenance, and covering the statutory expenses related to executing the public issue on the BSE SME platform.