Vivekanand Cotspin IPO Listing: Shares Debut at 2.70% Premium on BSE SME
- September 28, 2026
- Posted by: Neeraj Pandey
- Category: News
Vivekanand Cotspin lists at Rs 38 on BSE SME, up 2.70%. Later trades at Rs 39.90, up 7.84%. Issue price Rs 37. Subscribed 1.79 times. Issue size Rs 22.20 Cr.
Quick Answer
The Vivekanand Cotspin IPO listing today saw the stock debut at Rs 38 on the BSE SME platform, a 2.70 percent premium over its Rs 37 issue price. The stock firmed further to Rs 39.90, up 7.84 percent, by 10:22 AM. The Gujarat based cotton ginning and spinning company’s IPO was subscribed only 1.79 times overall.
Vivekanand Cotspin IPO Listing Today: The IPO closed subscription at 1.79 times overall on 23 September 2026, the weakest response of the three SME issues listing on 28 September. Here is a recap of the offer itself, the terms of the Vivekanand Cotspin IPO listing, and how the stock actually traded once it opened.
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Vivekanand Cotspin IPO Listing: Issue Details
Vivekanand Cotspin Limited raised Rs 22.20 crore through an entirely fresh issue of 60 lakh shares, with no offer for sale component. The issue listed on the BSE SME platform, with a tentative listing date of 28 September 2026. Bidding ran from 21 September 2026 to 23 September 2026, at a face value of Rs 10 per share and a price band of Rs 32 to Rs 37 per share.
| Particular | Detail |
|---|---|
| Allotment Date | 24 September 2026 |
| IPO Open Date | 21 September 2026 |
| IPO Close Date | 23 September 2026 |
| Issue Size | Rs 22.20 crore (60,00,000 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 3,000 shares |
| Issue Price | Rs 37 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 28 September 2026 |
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Vivekanand Cotspin IPO Listing Price and Performance
Shares of the Vivekanand Cotspin IPO listing opened at Rs 38 on the BSE SME platform, a 2.70 percent premium over the Rs 37 issue price, and were still at Rs 38 at 9:41 AM with about 13.32 lakh shares traded. The stock then picked up, quoting at Rs 39.90 at 10:22 AM, up 2.90 rupees or 7.84 percent from the issue price. Retail investors needed a minimum of two lots, or 6,000 shares, at a cost of about Rs 2.22 lakh.
About the Vivekanand Cotspin IPO
Vivekanand Cotspin Limited, incorporated in July 2015 as an LLP and converted into a public limited company in December 2024, processes raw cotton into cotton bales, cotton seed and cotton yarn through ginning and spinning at its facility in Kadi, Mehsana, Gujarat. Gujarat contributed about 81 percent of FY26 revenue, and exports, which include Bangladesh, China and Vietnam, rose to about 10 percent of revenue from roughly 2.5 percent a year earlier. The company is the flagship of the Vivekanand Group, established in 1999, and Nirav Bharatbhai Patel is its Chairman and Managing Director. Swastika Investmart is the book running lead manager and MUFG Intime India is the registrar. Investors following the Vivekanand Cotspin IPO listing should note that the net profit margin is under 1 percent.
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Vivekanand Cotspin Limited Financials
Here is how Vivekanand Cotspin Limited has performed financially over the last three fiscal years, which helps put the Vivekanand Cotspin IPO listing in context.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Total Income | 409.32 | 290.94 | 358.02 |
| Profit After Tax | 3.69 | 4.07 | 3.35 |
Explanation
Total income rebounded about 41 percent in FY26 to Rs 409.32 crore after dipping in FY25 from Rs 358.02 crore in FY24. Profit after tax did not follow, slipping about 9 percent to Rs 3.69 crore, which leaves the PAT margin at only 0.90 percent. This is a high volume, low margin textile business, and borrowings of about Rs 45 crore against a net worth under Rs 30 crore make it sensitive to cotton price swings, a risk to keep in mind after the Vivekanand Cotspin IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Vivekanand Cotspin IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Vivekanand Cotspin IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the Vivekanand Cotspin IPO listing price?
Ans. The Vivekanand Cotspin IPO listing opened at Rs 38 on the BSE SME platform, a 2.70 percent premium over the Rs 37 issue price.
Was the Vivekanand Cotspin IPO listing a premium or a discount?
Ans. It was a small premium listing. The stock opened 2.70 percent above the issue price and firmed up to Rs 39.90, up 7.84 percent, by 10:22 AM.
How much was the Vivekanand Cotspin IPO subscribed?
Ans. The IPO was subscribed 1.79 times overall by the close of bidding on 23 September 2026.
What is the issue price of the Vivekanand Cotspin IPO?
Ans. The issue price was fixed at Rs 37 per share, the top of the Rs 32 to Rs 37 price band.
What is the lot size of the Vivekanand Cotspin IPO?
Ans. The lot size was 3,000 shares, and retail investors needed a minimum of two lots, or 6,000 shares, costing about Rs 2,22,000 at the upper price band.
Who is the registrar for the Vivekanand Cotspin IPO?
Ans. MUFG Intime India Private Limited is the registrar.
What does Vivekanand Cotspin do?
Ans. Vivekanand Cotspin is a Gujarat based company that gins raw cotton into bales and cotton seed and spins cotton into yarn, selling mainly in Gujarat with a growing export share.
Where can I track the Vivekanand Cotspin share price now?
Ans. You can track it on the BSE SME platform, or through the Univest platform.
Should I hold shares after the Vivekanand Cotspin IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the sub 1 percent profit margin, the FY26 profit decline and the leveraged balance sheet before deciding whether to hold or book profit after the Vivekanand Cotspin IPO listing.
