Siddhi Cotspin Limited

19 Sep 2025 - 23 Sep 2025 Individual Category SME NSE

Min Investment

₹259200

Price Band

₹102-₹108

Issue Size

64.68 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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19 Sep 2025

Open Date

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23 Sep 2025

Close Date

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24 Sep 2025

Allotment Date

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26 Sep 2025

Listing Date

Siddhi Cotspin IPO is a book-built issue valued at Rs 69.85 crore. The offer includes a fresh issue of 0.49 crore equity shares worth Rs 53.40 crore and an offer for sale of 0.15 crore shares amounting to Rs 16.46 crore. The subscription window opens on September 19, 2025, and closes on September 23, 2025. The basis of allotment is likely to be finalized on September 24, 2025, and the shares are proposed to list on NSE SME on September 26, 2025. The price band has been fixed between Rs 102 and Rs 108 per share. The minimum lot size is 1,200 shares. At the upper price band, a retail investor must apply for at least 2 lots (2,400 shares), requiring an investment of Rs 2,59,200. For HNIs, the minimum application size is 3 lots (3,600 shares), amounting to Rs 3,88,800. Swastika Investmart Ltd is the book-running lead manager, Kfin Technologies Ltd is the registrar, and Jevin Stock Broker Private Limited will act as the market maker.

Know Before Investing

Strengths icon

  • Experienced promoters supported by a capable management team.
  • Strong and long-standing relationships with a loyal customer base.
  • Global market access allowing the company to reach international clients

Weaknesses icon

  • Significant dependence on customers in the United States.
  • Must comply with multiple foreign laws and regulations.
  • Faces competition from other players in the industry.

About Siddhi Cotspin Limited

Established in 2015, Siddhi Cotspin Limited is engaged in the production and sale of cotton yarns, including speciality and value-added varieties. Its product range covers Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, which provides additional strength and durability. The company caters to textile manufacturers, garment exporters, and distributors, emphasising quality, reliability, and timely supply. Over the years, it has built enduring relationships with its customers. Siddhi Cotspin operates a manufacturing facility at Dholi, Ahmedabad, Gujarat, with a spinning capacity of 29,376 spindles. The unit has an annual capacity of around 90,11,850 kilograms of cotton yarn and 2,70,35,550 kilograms of value-added yarns. The plant is equipped with advanced automated machinery, ensuring high efficiency and consistent product quality. A skilled technical team manages the entire spinning process, supported by modern technology and rigorous quality checks from raw material procurement to final output. The company also incorporates sustainable practices, focusing on waste reduction, energy conservation, and minimising environmental impact.

Founded

2015

Managing Director

Navin Saraogi

Parent Organization

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IPO Objectives

The company intends to utilise the net proceeds from the IPO to fund its working capital requirements, repay or prepay a portion of certain outstanding borrowings amounting to Rs 8.97 crore, and for general corporate purposes, with Rs 25.10 crore specifically allocated for working capital.

Company Promoters

Navin Saraogi

Aansh Rajesh Bindal

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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