Allotment

Siddhi Cotspin Limited has launched its IPO through the book-building route, aiming to raise a total of ₹69.85 crore. The issue comprises a fresh issue of 0.49 crore shares aggregating to ₹53.40 crore and an offer for sale (OFS) of 0.15 crore shares aggregating to ₹16.46 crore. The IPO bidding opened on September 19, 2025, and closed on September 23, 2025, with allotment finalized on September 24, 2025. The shares were listed on the NSE SME segment on September 26, 2025.
The IPO is priced in the band of ₹108 per share, with a lot size of 1,200 shares. For retail investors, the minimum investment is ₹2,59,200 for 2,400 shares at the upper price. High-net-worth individuals (HNIs) can apply for a minimum of 3 lots (3,600 shares), amounting to ₹3,88,800.
The company has appointed Swastika Investmart Ltd. as the Book Running Lead Manager, Kfin Technologies Ltd. as the Registrar, and Jevin Stock Broker Private Limited as the Market Maker for the issue. These intermediaries ensure smooth IPO processing, allotment, and post-listing support for investors.
Overall, the IPO provides an opportunity to participate in the growth of Siddhi Cotspin Ltd., a company specializing in value-added and specialty cotton yarns, with advanced manufacturing facilities, a diversified product portfolio, and long-standing relationships with textile manufacturers, garment exporters, and distributors.
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| IPO Date | 26 Sep |
| IPO Listing Date | 26 Sep |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹108.00 |
| IPO Issue Size | 64,68,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,94,62,491 shares |
| IPO Open Date | 19 Sep |
| IPO Close Date | 23 Sep |
| IPO Allotment (Tentative) | 24 Sep |
| Refunds | 25 Sep |
| Credit to Demat Account | 25 Sep |
| IPO Listing Date | 26 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 6,14,400 Shares |
| NII (HNI) Shares Offered | 16,58,400 Shares |
| Retail Shares Offered | 38,71,200 Shares |
Investors can bid for a minimum of 2,400 shares, with additional shares to be purchased in multiples of 1,200.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,59,200 |
| Retail (Max) | 2 | 2,400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,36,800 |
Incorporated in 2015, Siddhi Cotspin is engaged in the manufacture and sale of cotton yarns, including a wide range of value-added and specialty yarns. The company’s portfolio includes 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 enhances strength and durability.
Siddhi Cotspin supplies its products to textile manufacturers, garment exporters, and distributors, focusing on quality, reliability, and timely delivery. Over the years, the company has established strong, long-term relationships with its customers, ensuring recurring business and sustained growth.
The company operates a manufacturing facility in Dholi, Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles. The unit has an annual production capacity of approximately 90,11,850 kgs of cotton yarn and 2,70,35,550 kgs of value-added yarns. The facility is equipped with advanced automated machinery, ensuring high productivity and consistent quality. A skilled technical team oversees the entire spinning process, maintaining strict quality control from raw material procurement to the final product. The company also follows sustainable practices by minimizing waste, conserving energy, and reducing environmental impact.
Strengths:
Experienced promoter and management team
High-quality production standards
Strong and diversified supplier base
Optimal utilization of resources
Long-standing relationships with customers
| Assets | 182.83 | 181.25 | 184.13 |
| Total Income | 724.66 | 581.18 | 199.88 |
| Profit After Tax | 13.08 | 12.18 | 6.02 |
| EBITDA | 32.87 | 34.72 | 25.1 |
| NET Worth | 79.44 | 66.36 | 54.18 |
| Reserves and Surplus | 59.98 | 46.9 | 49.75 |
| Total Borrowing | 67.11 | 90.58 | 113.78 |
| ROE | 17.95% |
| ROCE | 14.88% |
| Debt/Equity | 0.84 |
| RoNW | 16.47% |
| PAT Margin | 1.81% |
| EBITDA Margin | 4.54% |
| Price to Book Value | 2.65 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 25.1 |
| 3 | To meet out the General Corporate Purposes; | 13.16 |
| 4 | Offer for Sale (OFS) | - |
Siddhi Cotspin Ltd. Address
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 Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
scpl.ipo@kfintech.com