Siddhi Cotspin Limited, incorporated in 2015 and converted into a public limited company in 2024, is engaged in the manufacturing and selling of high-quality cotton yarn, including value-added and specialty yarns. The company operates a greenfield spinning project in Dholka, Ahmedabad, with an installed capacity of 29,376 spindles and an annual production capacity of 90,11,850 kgs of cotton yarn. Backed by the extensive experience of its Promoter and Managing Director, Mr. Navin Saraogi, and a skilled technical team, Siddhi Cotspin focuses on modern technology, stringent quality controls, and sustainable practices to deliver superior yarn. With a strong client base of textile manufacturers, garment exporters, and distributors, the company continues to strengthen its presence in the textile value chain while emphasizing efficiency, quality, and environmental responsibility.
Price Band₹102 - ₹108 |
Dates19 Sep - 23 Sep |
GMP₹0 (0.00%) |
Subscriptions4.04 times |
Issue Size₹69.85 Crs |
Siddhi Cotspin IPO Objects
- Funding the working capital requirements
- Repayment of certain outstanding borrowings
- General Corporate Borrowings
Siddhi Cotspin IPO Details
Price Band₹102 - ₹108 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹53.40 Cr (0.49 Cr Shares) |
Offer For Sale₹16.46 Cr (0.15 Cr Shares) |
Total Issue₹69.85 Cr (0.65 Cr Shares) |
Face Value₹10 per equity share |
Siddhi Cotspin IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,59,200
Maximum
2
2,400
2,59,200
|
|||
| Small HNI |
Minimum
3
3,600
3,88,800
Maximum
7
8,400
9,07,200
|
|||
| Big HNI |
Minimum
8
9,600
10,36,800
|
|||
Siddhi Cotspin IPO Subscription
Updated as on 23-Sep-2025 19:01:30 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 17.53 | 6,14,400 | 1,07,72,400 |
| NII | 4.98 | 16,58,400 | 82,56,000 |
| bNII | 6.99 | 11,05,600 | 77,28,000 |
| sNII | 0.96 | 5,52,800 | 5,28,000 |
| Individual Investor | 1.50 | 38,71,200 | 58,03,200 |
| Total | 4.04 | 61,44,000 | 2,48,31,600 |
Siddhi Cotspin IPO GMP
The estimated Grey Market Premium of Siddhi Cotspin IPO is ₹0 per share (0.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | 10% of Net Offer |
| NII | 27% of Net Offer |
| Retail | 63% of Net Offer |
| Market Maker | 3,24,000 EQ Shs |
Siddhi Cotspin IPO Financials
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 4.54% |
| PAT | 1.81% |
| ROE | 17.95% |
| ROCE | 14.88% |
| PE Ratio | 16.07 |
| PB Ratio | 2.65 |
| Mkt Cap (in Crs.) | 263.59 |
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Siddhi Cotspin IPO Peer Comparision
| Particulars | Siddhi Cotspin | Lagnam Spintex | Pashupati Cotspin | United Polyfab |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 724.54 | 605.56 | 636.70 | 602.22 |
| PAT (In Crs.) | 13.08 | 12.85 | 14.11 | 17.69 |
| Diluted EPS | 6.72 | 7.28 | 9.11 | 7.71 |
| NAV per share | 40.82 | 68.41 | 86.80 | 42.41 |
| RONW | 16.47% | 10.64% | 10.64% | 18.18% |
| EBITDA | 4.54% | 10.78% | 4.03% | 7.13% |
| PAT Margin | 1.81% | 2.12% | 2.22% | 2.94% |
| Price to earning (PE) | 16.07 | 12.84 | 68.62 | 19.39 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Siddhi Cotspin IPO Peer Comparision
| Particulars | Siddhi Cotspin |
|---|---|
| Revenue from Ops (in Crs.) | 724.54 |
| PAT (In Crs.) | 13.08 |
| Diluted EPS | 6.72 |
| NAV per share | 40.82 |
| RONW | 16.47% |
| EBITDA | 4.54% |
| PAT Margin | 1.81% |
| Price to earning (PE) | 16.07 |
| Lagnam Spintex | Pashupati Cotspin | United Polyfab |
|---|---|---|
| 605.56 | 636.70 | 602.22 |
| 12.85 | 14.11 | 17.69 |
| 7.28 | 9.11 | 7.71 |
| 68.41 | 86.80 | 42.41 |
| 10.64% | 10.64% | 18.18% |
| 10.78% | 4.03% | 7.13% |
| 2.12% | 2.22% | 2.94% |
| 12.84 | 68.62 | 19.39 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Navin Saraogi | 44.97% |
| Aansh Bindal | 40.60% |
| Total | 85.57% |
Management Details
| Name | Designation |
|---|---|
| Navin Saraogi | Chairman & MD |
| Vardhaman Shah | CFO |
Company Details
Name: Siddhi Cotspin Limited
Address: Survey 279 & 280, Unit No.13,
18 Sector 3 of Dholi Integrated Spinning
Park, Ahmedabad, Gujarat- 382240
Number: +91 70690 08810
Email: cs@siddhicotspin.com
Website: www.siddhicotspin.com
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Find answers to common questions that come in your mind related to IPO.
Siddhi Cotspin IPO is a SME IPO having an issue size of Rs. ₹69.85 Crs. Siddhi Cotspin IPO is priced at ₹102 - ₹108 per share. The issue opens on 19 Sep 25 and closes on 23 Sep 25.
Siddhi Cotspin IPO opens on 19 Sep 25 and closes on 23 Sep 25.
The estimated Grey Market Premium of Siddhi Cotspin IPO is ₹0 per share (0.00%).
The minimum lot size of Siddhi Cotspin IPO is 1200 shares & the minimum application amount is Rs. 129600.
The allotment date of Siddhi Cotspin IPO is 24 Sep 25.
The listing date of Siddhi Cotspin IPO is 26 Sep 25.
Siddhi Cotspin IPO is subscribed 4.04 times.
Siddhi Cotspin IPO is priced at ₹102 - ₹108 per share.
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