Vivekanand Cotspin IPO Day 2: Subscription Status on 22 September 2026
- September 22, 2026
- Posted by: Harsh Piplani
- Category: IPO
Vivekanand Cotspin IPO Day 2, 22 Sep 2026. Subscribed 0.08x at Day 1 close: NII 0.26x, Retail 0.05x, QIB 0.00x. Price band Rs 32-37. Closes 23 Sep.
Quick Answer
The Vivekanand Cotspin IPO is on Day 2 of bidding on 22 September 2026, after a quiet opening day. The Vivekanand Cotspin IPO closed Day 1 subscribed only 0.08 times overall, with non-institutional investors leading at 0.26 times while retail stood at just 0.05 times and QIB had not placed any bids. Bidding for the Vivekanand Cotspin IPO remains open until 23 September 2026, and investors should track the live category wise numbers on BSE through the day.
The issue has entered Day 2 of its three day bidding window, which opened on 21 September and closes on 23 September 2026. Vivekanand Cotspin Limited, an integrated cotton ginning and spinning company, is raising about Rs 24.05 crore entirely through a fresh issue, and the shares are proposed to list on the BSE SME platform.
Day 1 bidding for the issue stayed very thin, with the issue subscribed only 0.08 times overall by the close. With one more session remaining before the 23 September close, there is time for demand to build, though the muted opening day suggests investors should watch the closing session closely.
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Vivekanand Cotspin IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 21 September 2026 |
| Close Date | 23 September 2026 |
| Price Band | Rs 32 to Rs 37 per share |
| Lot Size | 3,000 shares |
| Issue Size | Rs 24.05 crore (entirely fresh issue) |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 24 September 2026 |
| Listing Date | 28 September 2026 |
Vivekanand Cotspin IPO Subscription Status Day 2
Category wise bidding for the issue is updated through the trading session on BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (21 Sep, 5:05 PM) | Overall Subscription So Far (Day 2, 22 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.00 times | Updating |
| Non-Institutional Investors (NII) | 0.26 times | Updating |
| Retail Individual Investors | 0.05 times | Updating |
| Overall | 0.08 times | Updating through the session |
Non-institutional investors led the issue through Day 1, though overall demand stayed thin across categories. Investors should treat the Day 2 figures as provisional since bidding remains open until the 23 September close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Vivekanand Cotspin IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 32 to Rs 37 band, with a minimum bid of 6,000 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 23 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 23 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue has had a slow start, running at only 0.08 times through Day 1, with one more session remaining before the 23 September close for demand to build. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Vivekanand Cotspin IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed only 0.08 times overall, with NII at 0.26 times, retail at 0.05 times, and QIB at 0.00 times, and figures for Day 2, 22 September 2026, are updating through today’s session on BSE.
When does the Vivekanand Cotspin IPO close?
Ans. The issue closes for subscription on 23 September 2026, having opened on 21 September 2026.
What is the Vivekanand Cotspin IPO price band and lot size?
Ans. The issue price band is Rs 32 to Rs 37 per share, with a lot size of 3,000 shares, taking the minimum retail investment to about Rs 2,22,000 for two lots.
Why has the Vivekanand Cotspin IPO seen such low subscription?
Ans. Subscription for the issue has stayed thin through Day 1 at just 0.08 times, which can happen with smaller SME issues, and institutional and larger investor bids typically arrive closer to the 23 September closing day.
What is the Vivekanand Cotspin IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Vivekanand Cotspin IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid with a minimum of 6,000 shares within the Rs 32 to Rs 37 band and approving the UPI mandate before the daily cut off.
When will the Vivekanand Cotspin IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 24 September 2026, with listing on the BSE SME platform tentatively scheduled for 28 September 2026.
Which category led the Vivekanand Cotspin IPO on Day 1?
Ans. Non-institutional investors led the issue on Day 1, subscribing their reserved portion 0.26 times, ahead of retail at 0.05 times, while qualified institutional buyers had not placed any bids.
What does Vivekanand Cotspin Limited do?
Ans. Vivekanand Cotspin Limited is an integrated cotton processing company that gins raw cotton into cotton bales and spins those bales into carded, combed and compact cotton yarn, also trading cotton bales and yarn including exports.
