{"id":262493,"date":"2026-09-23T00:12:49","date_gmt":"2026-09-22T18:42:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=262493"},"modified":"2026-09-23T00:12:49","modified_gmt":"2026-09-22T18:42:49","slug":"vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/","title":{"rendered":"Vivekanand Cotspin IPO Day 3: Subscription Closes Today, 23 September 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Vivekanand Cotspin IPO closes today, 23 Sep 2026. Subscribed 0.17x through Day 2 (5:14 PM): NII 0.35x, Retail 0.20x, QIB 0.00x. Price band Rs 32-37.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Vivekanand Cotspin IPO is on its final day of bidding on 23 September 2026, with the subscription window closing today. The issue has built only gradually through its bidding window, from 0.08 times at the Day 1 close to around 0.17 times by the close of Day 2, with NII leading at 0.35 times, retail at 0.20 times, and QIB yet to receive bids. With bidding open until the end of today&#8217;s session, the final Vivekanand Cotspin IPO subscription figure depends heavily on demand in the closing hours.<\/p>\n<\/p><\/div>\n<p>Vivekanand Cotspin Limited, an integrated cotton ginning and spinning company, has reached the final day of its IPO subscription window today, 23 September 2026. The Vivekanand Cotspin IPO opened on 21 September and is a book built SME issue worth about Rs 24.05 crore, entirely a fresh issue. The shares are proposed to list on the BSE SME platform.<\/p>\n<p>Demand for the issue has stayed thin through the bidding window, moving only from 0.08 times to around 0.17 times between Day 1 and Day 2. With QIB yet to place any bids and today&#8217;s session the last opportunity for demand to build, the final subscription figure for the issue remains uncertain heading into the close.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=vivekanand-cotspin-ipo-day3\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Vivekanand_Cotspin_IPO_Details\" title=\"Vivekanand Cotspin IPO Details\">Vivekanand Cotspin IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Vivekanand_Cotspin_IPO_Subscription_Status_Day_3\" title=\"Vivekanand Cotspin IPO Subscription Status Day 3\">Vivekanand Cotspin IPO Subscription Status Day 3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#How_to_Apply_for_the_Vivekanand_Cotspin_IPO\" title=\"How to Apply for the Vivekanand Cotspin IPO\">How to Apply for the Vivekanand Cotspin IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#What_is_the_Vivekanand_Cotspin_IPO_subscription_status_on_Day_3\" title=\"What is the Vivekanand Cotspin IPO subscription status on Day 3?\">What is the Vivekanand Cotspin IPO subscription status on Day 3?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#When_does_the_Vivekanand_Cotspin_IPO_close\" title=\"When does the Vivekanand Cotspin IPO close?\">When does the Vivekanand Cotspin IPO close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#What_is_the_Vivekanand_Cotspin_IPO_price_band_and_lot_size\" title=\"What is the Vivekanand Cotspin IPO price band and lot size?\">What is the Vivekanand Cotspin IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Why_has_the_Vivekanand_Cotspin_IPO_seen_such_low_subscription\" title=\"Why has the Vivekanand Cotspin IPO seen such low subscription?\">Why has the Vivekanand Cotspin IPO seen such low subscription?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#What_is_the_Vivekanand_Cotspin_IPO_GMP\" title=\"What is the Vivekanand Cotspin IPO GMP?\">What is the Vivekanand Cotspin IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#How_do_I_apply_for_the_Vivekanand_Cotspin_IPO_before_it_closes\" title=\"How do I apply for the Vivekanand Cotspin IPO before it closes?\">How do I apply for the Vivekanand Cotspin IPO before it closes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#When_will_the_Vivekanand_Cotspin_IPO_be_allotted_and_listed\" title=\"When will the Vivekanand Cotspin IPO be allotted and listed?\">When will the Vivekanand Cotspin IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Which_category_led_the_Vivekanand_Cotspin_IPO_subscription\" title=\"Which category led the Vivekanand Cotspin IPO subscription?\">Which category led the Vivekanand Cotspin IPO subscription?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#Is_the_Vivekanand_Cotspin_IPO_likely_to_close_fully_subscribed\" title=\"Is the Vivekanand Cotspin IPO likely to close fully subscribed?\">Is the Vivekanand Cotspin IPO likely to close fully subscribed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\/#What_does_Vivekanand_Cotspin_Limited_do\" title=\"What does Vivekanand Cotspin Limited do?\">What does Vivekanand Cotspin Limited do?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vivekanand_Cotspin_IPO_Details\"><\/span><strong>Vivekanand Cotspin IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the issue.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>21 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>23 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 32 to Rs 37 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>3,000 shares<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 24.05 crore (entirely fresh issue)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue, SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>24 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>28 September 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Vivekanand_Cotspin_IPO_Subscription_Status_Day_3\"><\/span><strong>Vivekanand Cotspin IPO Subscription Status Day 3<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Session<\/th>\n<th>Overall<\/th>\n<th>NII<\/th>\n<th>Retail<\/th>\n<th>QIB<\/th>\n<\/tr>\n<tr>\n<td>Day 1 close (21 Sep, 5:05 PM)<\/td>\n<td>0.08x<\/td>\n<td>0.26x<\/td>\n<td>0.05x<\/td>\n<td>0.00x<\/td>\n<\/tr>\n<tr>\n<td>Day 2 close (22 Sep, 5:14 PM)<\/td>\n<td>0.17x<\/td>\n<td>0.35x<\/td>\n<td>0.20x<\/td>\n<td>0.00x<\/td>\n<\/tr>\n<tr>\n<td>Day 3, closing day so far (23 Sep)<\/td>\n<td colspan=\"4\">Updating through the session<\/td>\n<\/tr>\n<\/table>\n<p>Non-institutional investors have led the issue throughout the bidding window, though overall demand has stayed well below full subscription. Investors should check the live BSE numbers as today&#8217;s final session progresses.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Vivekanand_Cotspin_IPO\"><\/span><strong>How to Apply for the Vivekanand Cotspin IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>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.<\/li>\n<li>Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.<\/li>\n<li>Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue before it closes today.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue closes today with subscription still thin at around 0.17 times through Day 2, leaving the final hours as the last opportunity 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 before the window shuts today.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vivekanand_Cotspin_IPO_subscription_status_on_Day_3\"><\/span><strong>What is the Vivekanand Cotspin IPO subscription status on Day 3?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On the closing day, 23 September 2026, the issue carries forward a Day 2 close of around 0.17 times overall, with NII at 0.35 times, retail at 0.20 times, and QIB at 0.00 times, and figures are updating through today&#8217;s final session.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Vivekanand_Cotspin_IPO_close\"><\/span><strong>When does the Vivekanand Cotspin IPO close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue closes for subscription today, 23 September 2026, having opened on 21 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vivekanand_Cotspin_IPO_price_band_and_lot_size\"><\/span><strong>What is the Vivekanand Cotspin IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue price band is Rs 32 to Rs 37 per share, with a lot size of 3,000 shares, taking the minimum investment to about Rs 2,22,000 for two lots.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_has_the_Vivekanand_Cotspin_IPO_seen_such_low_subscription\"><\/span><strong>Why has the Vivekanand Cotspin IPO seen such low subscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Subscription for the issue has stayed thin through the window, moving only from 0.08 times to 0.17 times between Day 1 and Day 2, which can happen with smaller SME issues, and QIB has not placed any bids yet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vivekanand_Cotspin_IPO_GMP\"><\/span><strong>What is the Vivekanand Cotspin IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Vivekanand_Cotspin_IPO_before_it_closes\"><\/span><strong>How do I apply for the Vivekanand Cotspin IPO before it closes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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 today&#8217;s cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Vivekanand_Cotspin_IPO_be_allotted_and_listed\"><\/span><strong>When will the Vivekanand Cotspin IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_category_led_the_Vivekanand_Cotspin_IPO_subscription\"><\/span><strong>Which category led the Vivekanand Cotspin IPO subscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Non-institutional investors led the issue throughout the bidding window, reaching 0.35 times by the Day 2 close, ahead of retail at 0.20 times, while qualified institutional buyers had not placed any bids.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Vivekanand_Cotspin_IPO_likely_to_close_fully_subscribed\"><\/span><strong>Is the Vivekanand Cotspin IPO likely to close fully subscribed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> With the issue running at only around 0.17 times through Day 2, the issue would need a very strong final session across all categories to cross full subscription, and the outcome should be confirmed on BSE once bidding closes today.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Vivekanand_Cotspin_Limited_do\"><\/span><strong>What does Vivekanand Cotspin Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 3?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On the closing day, 23 September 2026, the issue carries forward a Day 2 close of around 0.17 times overall, with NII at 0.35 times, retail at 0.20 times, and QIB at 0.00 times, and figures are updating through today's final session.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closes for subscription today, 23 September 2026, having opened on 21 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue price band is Rs 32 to Rs 37 per share, with a lot size of 3,000 shares, taking the minimum investment to about Rs 2,22,000 for two lots.\"}},{\"@type\":\"Question\",\"name\":\"Why has the issue seen such low subscription?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Subscription for the issue has stayed thin through the window, moving only from 0.08 times to 0.17 times between Day 1 and Day 2, which can happen with smaller SME issues, and QIB has not placed any bids yet.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How do I apply for the issue before it closes?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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 today's cut off.\"}},{\"@type\":\"Question\",\"name\":\"When will the issue be allotted and listed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which category led the issue subscription?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non-institutional investors led the issue throughout the bidding window, reaching 0.35 times by the Day 2 close, ahead of retail at 0.20 times, while qualified institutional buyers had not placed any bids.\"}},{\"@type\":\"Question\",\"name\":\"Is the issue likely to close fully subscribed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"With the issue running at only around 0.17 times through Day 2, the issue would need a very strong final session across all categories to cross full subscription, and the outcome should be confirmed on BSE once bidding closes today.\"}},{\"@type\":\"Question\",\"name\":\"What does Vivekanand Cotspin Limited do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n<div class=\"article-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Article\",\"headline\":\"The issue Day 3 Subscription Status 23 Sep 2026\",\"description\":\"The issue closes today, 23 September 2026. Day 3 subscription status and how to apply.\",\"author\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/univest.in\/blogs\/vivekanand-cotspin-initial-public-offering-day-3-subscription-23-september-2026\"}}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vivekanand Cotspin IPO closes today. 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