Siddhi Cotspin IPO Details
The key details of Siddhi Cotspin’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹69.85 Cr |
| Price Range | ₹102 - ₹108 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2,400 |
| Investment (cut-off price) | ₹2,59,200 |
| Pre IPO Promotor Holding | 85.57% |
| Post IPO Promotor Holding | 65.56% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Siddhi Cotspin IPO Timelines
The IPO process for Siddhi Cotspin includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
19/09/2025
Start Date23/09/2025
End Date25/09/2025
Refund Initiation25/09/2025
Credit of Shares to Demat Ac26/09/2025
Listing DateSiddhi Cotspin IPO Lot Size
The Siddhi Cotspin IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹108 per share. For retail investors, the minimum and maximum application is 2,400 shares (2 lots) amounting to ₹2,59,200. For Small HNI (S-HNI) investors, the minimum application is 3,600 shares (3 lots) worth ₹3,88,800, while the maximum is 8,400 shares (7 lots) amounting to ₹9,07,200. Big HNI (B-HNI) investors need to apply for at least 9,600 shares (8 lots), totaling ₹10,36,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | ₹2,59,200 |
| Retail Maximum | 2 | 2400 | ₹2,59,200 |
| S-HNI Minimum | 3 | 3600 | ₹3,88,800 |
| S-HNI Maximum | 7 | 8400 | ₹9,07,200 |
| B-HNI Minimum | 8 | 9600 | ₹10,36,800 |
Siddhi Cotspin IPO Subscription Status
The subscription status for Siddhi Cotspin IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 17.53x | 5.94x | 1.50x | -- | 4.21x |
IPO Performance on Listing Day
On the listing day (September 26, 2025), Siddhi Cotspin made a disappointing debut on the stock exchange. The stock opened at ₹86.40, representing a significant discount of 20% to its issue price of ₹108. The cotton spinning company faced continuous selling pressure throughout the trading session, with the opening price marking the day’s high. The stock declined further to ₹82.10, which became both the day’s low and closing price. The shares concluded their maiden trading day at ₹82.10, registering a substantial loss of 24% from the issue price, indicating weak investor confidence in the textile sector and concerns about the company’s competitive positioning in the cotton spinning industry.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹86.40 | ₹82.10 | ₹86.40 | ₹82.10 |
Siddhi Cotspin IPO Company Financials
Siddhi Cotspin reports robust performance in FY2025 with Total Income of ₹724.66 crores, managing expenses at ₹707.04 crores, and achieving a strong PAT (Profit After Tax) of ₹13.08 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹199.88 | ₹190.95 | ₹6.02 |
| FY 2024 | ₹581.18 | ₹563.92 | ₹12.18 |
| FY 2025 | ₹724.66 | ₹707.04 | ₹13.08 |
About Company
Incorporated in 2015, Siddhi Cotspin is a cotton yarn manufacturer specializing in a wide range of value-added and specialty yarns. Its product offerings include Compact Carded and Combed Hosiery, Compact Weaving Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarns, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, which enhances strength and durability. The company caters to textile manufacturers, garment exporters, and distributors, with a focus on quality, reliability, and timely delivery. Over time, Siddhi Cotspin has built strong, long-term relationships with its customers.
The company’s manufacturing facility is located in Dholi, Ahmedabad, Gujarat, and has a total spinning capacity of 29,376 spindles. It boasts an annual production capacity of approximately 90.11 lakh kgs of cotton yarn and 270.35 lakh kgs of value-added yarns. The unit is equipped with advanced automated machinery and is managed by a skilled technical team that ensures high productivity and consistent quality through modern technology and strict quality controls. Siddhi Cotspin also adopts sustainable manufacturing practices aimed at minimizing waste, conserving energy, and reducing environmental impact.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Textile | Navin Saraogi |
Know Before Investing
Siddhi Cotspin IPO Strengths
- Operates an integrated spinning unit with installed capacity around 9,012 MT located in Ahmedabad, Gujarat, facilitating efficient and large-scale production.
- Plans to invest in human resource development and establish a Global Security Operation Centre (GSOC), aiming to strengthen operational capabilities and governance.
- Maintains a satisfactory current ratio (~1.59 times) with manageable working capital utilization, suggesting steady short-term liquidity.
- Increasing order volume with sustained business from textile manufacturers and a reputed client base across regions.
- Experienced upgrades to credit ratings by rating agencies due to improved business performance and better debt protection metrics, enhancing investor confidence.
Siddhi Cotspin IPO Risks
- Profitability is highly sensitive to fluctuations in cotton prices, which can affect sales realizations and margins despite the company’s order-backed raw material procurement.
- The cotton yarn spinning sector is fragmented with numerous organized and unorganized players, limiting pricing flexibility and bargaining power.
- Recent margin compression due to pricing pressures may affect future profitability and cash flows if sustained.
- Operations require significant working capital for inventory and receivables, impacting liquidity and financial flexibility.
- Although improving, the company still carries moderate debt which could strain interest coverage and financial risk if cash flows weaken.
- Sensitive to cyclical demand fluctuations in textiles, both domestic and international, which can affect sales volumes.
- Manufacturing is concentrated in Gujarat, which exposes it to region-specific operational or regulatory risks.
Swot Analysis for Siddhi Cotspin IPO
Strengths
Advanced Product Range, Eco-Friendly Manufacturing, Financial Stability
Weaknesses
Profitability Moderation, Competitive Pressure, Geographical Concentration
Opportunities
Growth in Value-Added Yarns, Downstream Diversification, Domestic Consumption Boom
Threats
Raw Material Price Volatility, Global Demand Cyclicality, Intense Market Rivalry
Company Details
Siddhi Cotspin Ltd.
Survey 279 & 280, Unit No.13, Sub Plot No. 18 Sector 3 of Dholi Integrated Spinning Park, Ahmedabad, Gujarat – 382240
Phone: 91 70690 08810
Email: cs@siddhicotspin.com
Website: http://www.siddhicotspin.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: scpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Siddhi Cotspin SME IPO are:
- Funding the working capital requirements of their Company
- Repayment or prepayment of all or a portion of certain outstanding borrowings
- General Corporate Purposes
Swastika Investmart Ltd. is the book-running lead managers for the Siddhi Cotspin IPO.
Siddhi Cotspin IPO reflects moderate growth potential as revenue dipped from ₹403.05 crore in 2022 to ₹724.66 crore in 2025, though PAT recovered to ₹13.08 crore by 2025. With assets of ₹182.83 crore, operational improvements and technology focus may drive future stabilization and expansion.
The issue price for the Siddhi Cotspin IPO is set between ₹102 to ₹108 per share.
To invest in two lot of Siddhi Cotspin IPO, you need ₹2,44,800 at the lower price band (₹102 per share) or ₹2,59,200 at the upper price band (₹108 per share) for a lot size of 2400 shares.
Siddhi Cotspin IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on September 26, 2025.
Refund/unblocking of funds for Siddhi Cotspin IPO will begin on September 25, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Siddhi Cotspin IPO shares on listing day (September 26, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.