Siddhi Cotspin was incorporated on November 23, 2015. The company manufactures and sells cotton yarns using advanced, automated machinery and modern spinning technology. Backed by an experienced technical team and a comprehensive quality management system, every stage of production undergoes rigorous testing to ensure high-quality output and profitability
| Bidding Dates |
|---|
| 19 Sep 2025 - 23 Sep 2025 |
| Subscription |
|---|
| 3.84x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,44,800 | 2 | 2 | 1200 | 6.5 M | ₹102 - ₹108 | 65.56 % | ₹659.7 M - ₹698.5 M | RHP DOC |
Siddhi Cotspin IPO SUBSCRIPTION STATUS
23 Sep '25Siddhi Cotspin IPO overall subscription rate was 3.84 times the total available shares
Siddhi Cotspin IPO retail subscription rate was 2.56 times in the retail segment
Siddhi Cotspin IPO non-institutional investor subscription rate was 8.51 times in the non-institutional investor category
Siddhi Cotspin IPO Qualified Institutional Bidder subscription rate was 3.33 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Sep 2025 (Day 3) | 2.56x | 8.51x | 3.33x |
22 Sep 2025 (Day 2) | 1.01x | 7.8x | 2.64x |
19 Sep 2025 (Day 1) | 0.58x | 7.77x | 1.21x |
Siddhi Cotspin FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 724.5 | 13.1 | 29.0 | 28.9 | 4.5% |
| FY24 | 580.9 | 12.2 | 18.7 | 18.3 | 6.0% |
| FY23 | 199.3 | 6.0 | 28.4 | 25.7 | 5.98 |
Siddhi Cotspin IPO SUBSCRIPTION STATUS DETAILS
Siddhi Cotspin had 6.5 M shares on offer
Siddhi Cotspin IPO offer price was in the range ₹102 - ₹108
Siddhi Cotspin IPO minimum Investment was ₹244800
Siddhi Cotspin IPO issue size was ₹ 659.7 M - ₹ 698.5 M
Siddhi Cotspin had a minimum lot size of 1200 Shares per application
Siddhi Cotspin NUMBER OF SHARES ON OFFER
Siddhi Cotspin IPO IMPORTANT DATES
| Issue Open Date | 19 Sep 2025 |
| Issue close Date | 23 Sep 2025 |
| Allotment Date | 24 Sep 2025 |
| Refund Date | 25 Sep 2025 |
| Demat Account Credit Date | 25 Sep 2025 |
| Listing Date | 26 Sep 2025 |
| Listing on Exchange(s) | NSE |
| Siddhi Cotspin Allotment Status | Exchange/ Registrar |
Siddhi Cotspin IPO subscription opened on 19 Sep 2025, and closed on 23 Sep 2025
IPO allotment for Siddhi Cotspin was finalized on Wednesday, 24 Sep 2025
IPO listing for Siddhi Cotspin was on NSE on Friday, 26 Sep 2025
Siddhi Cotspin IPO LISTING GAINS
| Issue Price (adjusted) | 108.0 |
| Listing Open Price | 86.4 |
| Listing Close Price | 82.1 |
| Listing Gain% | -20.0% |
| Current Gain% | -73.6% |
Siddhi Cotspin Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Siddhi Cotspin Ltd. | 28.6 | 69.7 | 7.2 | -0.3 | 0.1 | 7.1 | 5.4 | 478.3 | -34 | 9.6 | -25.2 | 4 | -25.2 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Siddhi Cotspin INFORMATION ON IPO ISSUE
About Siddhi Cotspin
Siddhi Cotspin was incorporated on November 23, 2015. The company manufactures and sells cotton yarns using advanced, automated machinery and modern spinning technology. Backed by an experienced technical team and a comprehensive quality management system, every stage of production undergoes rigorous testing to ensure high-quality output and profitability
Object of the Issue
- Funding the working capital requirements of the company
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Siddhi Cotspin - PROMOTERS
| Name |
|---|
| Navin Saraogi |
| Aansh Rajesh Bindal |
Siddhi Cotspin - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Navin Saraogi | Chairman & Managing Director |
| Aansh Rajesh Bindal | Whole Time Director |
| Drashti Laxmikant Solanki | Independent Director |
| Sumitkumar Jayantibhai Patel | Independent Director |
| Aayush Kamleshbhai Shah | Independent Director |
Siddhi Cotspin Book Running Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Siddhi Cotspin Registrar to the issue
KFin Technologies Limited
scpl.ipo@kfintech.com
Siddhi Cotspin Strengths
Quality standards
The company is GOTS (Ver 6.0) certified for Greige Yarns, Warehousing, Spinning, and Trading by IDFL Laboratory and Institute, Taiwan. Its strong focus on quality in products, processes, and inputs has earned it recognition and trust among customers
Diversified supplier base
The company’s growth depends on its ability to source raw cotton, primarily procured from states such as Maharashtra, Gujarat, Madhya Pradesh, Rajasthan, Haryana, and Punjab. Though it has no long-term contracts, strong relationships with major suppliers help ensure a stable supply and quality at acceptable prices
Optimal utilization of resources
The company focuses on improving execution processes, employee skill development, and the modernisation of machinery to optimise resource utilisation. Regular reviews of procurement policies and project execution help remove bottlenecks and ensure smooth, efficient operations
Siddhi Cotspin Risks
Demand fluctuations
The company’s business is exposed to fluctuations in demand for cotton yarn and changing consumer preferences. Increased competition, regulatory actions, pricing pressures, or misjudging market trends could reduce sales, create excess inventory, and adversely impact revenues, profitability, and cash flows
Competition
The company faces strong competition from both domestic and international players with greater brand recognition, financial strength, and resources. Competitors offering lower prices, wider product ranges, or strategic partnerships could reduce demand for the company’s products, impacting pricing, margins, revenues, and profitability
Working capital intensive
The company’s operations require high working capital, mainly tied up in inventories and receivables. Any inability to maintain adequate cash flow or manage debtor defaults could strain liquidity, adversely impacting business operations and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 16.5 crore, of 1,524,000 shares. It also consists of a fresh issue of Rs 53.4 crore.
The promoters of the company are Navin Saraogi and Aansh Rajesh Bindal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 102.0 - 108.0.
The IPO application opens on Sep 19, 2025 and closes on Sep 23, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 244,800.0, the maximum value for this IPO is Rs 259,200.0.
This IPO will be allotted on Sep 24, 2025.
The refund will be credited to your account on Sep 25, 2025.
The allotted shares will be credited to your demat on Sep 25, 2025.
Siddhi Cotspin Ltd.’s shares listed on the stock exchanges on Sep 26, 2025.