Siddhi Cotspin IPO is a book build issue of 69.85 crore. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹53.40 crore and offer for sale of 0.15 crore shares aggregating to ₹16.46 crore.
The IPO opens for subscription on September 19, 2025, to September 23, 2025.
The basis of allotment is expected to be finalised on September 24, 2025. The shares are proposed to be listed on the NSE SME, with a tentative listing date of September 26, 2025. The issue price for Siddhi Cotspin IPO has been fixed at ₹102 to ₹108 per share.
The lot size is set at 1200 shares. A retail investor is required to make a minimum investment of ₹2,59,200 for 2400 shares. For High Net-worth Individuals (HNIs), the minimum application is for 3 lots or 3,600 shares, amounting to ₹3,88,800.
Swastika Investmart Ltd is the book running lead manager and Kfin Technologies Ltd is the registrar of the issue. The market maker of the company is Jevin Stock Broker Private Limited. Refer to Siddhi Cotspin IPO RHP for complete details.
Siddhi Cotspin IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Upto ₹2,510.00 lakh will be earmarked for funding the working capital requirements of the company.
- Upto ₹896.50 lakh will be utilised for repayment or prepayment of certain outstanding borrowings.
- The balance amount will be used for general corporate purposes.
About Siddhi Cotspin Limited
Siddhi Cotspin is primarily engaged in the manufacturing and sale of cotton yarns. The company’s manufacturing process adheres to stringent quality standards and is supported by advanced technology and modern machinery.
It has established a Greenfield project for producing value-added and specialty cotton yarn at Ahmedabad, with a total spinning capacity of 29,376 spindles. The facility is capable of producing both regular and value-added cotton yarns, with a current production capacity of 90,11,850 kgs.
The company’s manufacturing facility is equipped with automatic and modern plant and machinery, ensuring high levels of productivity and efficiency. Its technical team is proficient in modern spinning technology and processing techniques, enabling consistent production of quality yarn.
Siddhi Cotspin has implemented a comprehensive quality management system covering every stage of production. Rigorous testing and inspections are conducted on raw materials, intermediate products, and finished yarns to ensure compliance with specified standards.
The company emphasises sustainable manufacturing practices and environmental responsibility by minimising waste, conserving energy, and reducing environmental impact.
Over time, Siddhi Cotspin has built strong relationships with a diverse clientele, including textile manufacturers, garment exporters, and distributors. Its focus on quality, reliability, and timely delivery has enabled it to establish long-term partnerships.
Siddhi Cotspin manufactures a wide range of value-added cotton yarns, including Compact Carded Hosiery, Compact Combed Hosiery, Compact Carded Weaving, Compact Combed Weaving, Carded Weaving, Combed Weaving, Carded Hosiery, Combed Hosiery, Eli KW, Eli CW, Slub Yarn, Siro Slub Yarn, CSY-Lycra-Core Spin Yarn (Spandex), and TFO Yarn - Double, among others.
Industry Outlook
- With domestic demand rising and exports gaining traction, the Indian textile and apparel industry is projected to reach US$190 billion by FY26, reflecting its immense growth potential.
- Initiatives in silk production, R&D projects, and government support through the Central Silk Board are enhancing value addition, skill development, and private sector participation across the textile value chain.
- Improved bilateral relations, international collaborations like the Indo-German Technical Cooperation, and proposed FDI hikes in multi-brand retail are expected to attract global players, increase outsourcing, and drive investment in sustainable and advanced textile manufacturing.
How To Apply for the Siddhi Cotspin IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Siddhi Cotspin IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Siddhi Cotspin IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Siddhi Cotspin Limited
Registered office: Survey 279 & 280, Unit No.13, Sub Plot No. 18 Sector 3 of Dholi Integrated Spinning Park, Ahmedabad, Gujarat- 382240
Phone: +91 70690 08810
E-mail: cs@siddhicotspin.com
Siddhi Cotspin IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
3,24,000 (5.27%) |
|
QIB Shares Offered |
6,14,400 (10.00%) |
|
NII (HNI) Shares Offered |
13,34,400 (21.72%) |
|
− bNII > ₹10L |
7,81,600 (12.72%) |
|
− sNII < ₹10L |
5,52,000 (8.98%) |
|
Retail Shares Offered |
38,71,200 (63.01%) |
|
Total Shares Offered |
61,44,000 (100.00%) |
Siddhi Cotspin IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
2,400 |
₹2,59,200 |
|
Individual investors (Retail) (Max) |
2 |
2,400 |
₹2,59,200 |
|
S-HNI (Min) |
3 |
3,600 |
₹3,88,800 |
Siddhi Cotspin IPO Promoter Holding
Mr. Navin Saraogi and Mr. Aansh Rajesh Bindal are the promoters of the company
|
Share Holding Pre-Issue |
85.57% |
|
Share Holding Post Issue  |
65.56% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Siddhi Cotspin IPO
|
KPI |
Value |
|
RoCE (%) |
14.88 |
|
RoNW (%) |
16.47 |
|
PAT Margin (%) |
1.81 |
|
EBITDA Margin (%) |
4.54 |
Siddhi Cotspin IPO Prospectus
Siddhi Cotspin IPO Registrar and Lead Managers
Siddhi Cotspin IPO Lead Managers
- Swastika Investmart Ltd
Registrar for Siddhi Cotspin IPO
Kfin Technologies Ltd
- Phone: 04067162222, 04079611000
- Email: ipo@kfintech.com
Website: https://ipostatus.kfintech.com
Financial Performance of Siddhi Cotspin Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operations (₹ lakh) | 72,454.45 | 58,088.75 |
| Total Income (₹ lakh) | 72,454.45 | 58,088.75 |
| EBITDA (₹ lakh) | 3,286.69 | 3,471.90 |
| Net Profit / Loss After Tax (₹ lakh) | 1,308.41 | 1,218.29 |
| PAT Margin (%) | 1.81 | 2.10 |
| Return on Equity (RoE) (%) | 17.95 | 20.21 |
Know before investing
Strengths
8The promoters bring extensive experience in the textile industry, enabling the company to leverage sector insights, manage operations efficiently, and build strong relationships with stakeholders.
Siddhi Cotspin has the capability to manufacture a diverse range of yarns, including value-added and specialty yarns, catering to varied customer requirements across domestic and international markets.
A stringent quality control mechanism ensures that every batch of yarn produced adheres to standardised parameters, enhancing brand credibility and ensuring long-term customer satisfaction.
The company benefits from a synergy of young and experienced management, supported by a dedicated employee base that drives innovation, efficiency, and continuous business growth.
Easy availability of cotton in the local domestic market provides Siddhi Cotspin with cost advantages, reducing supply chain risks and ensuring a consistent supply of raw materials.
The company is eligible for various government incentive schemes, supporting its financial stability, encouraging expansion projects, and enhancing competitiveness in the rapidly evolving textile industry.
Production of fancy yarns combines art and science, offering scope for innovation in textiles and creating new opportunities to develop differentiated products for premium market segments.
Exports of fancy yarns, fabrics, and garments are expected to grow significantly, allowing Siddhi Cotspin to diversify its customer base and achieve stronger profitability margins.
Risks
8Operating in a highly competitive textile industry, Siddhi Cotspin faces constant pressure on pricing and margins, challenging its ability to sustain profitability and market leadership.
Cotton price fluctuations directly impact raw material costs, creating volatility in production expenses and reducing profit margins, significantly affecting financial stability and long-term business sustainability.
Dependence on competitive sourcing for raw materials exposes the company to supply chain disruptions, where unfavorable market conditions may increase costs and reduce operational efficiency.
Any adverse government policy or regulatory change in textile or export sectors could increase compliance costs, affecting competitiveness and profitability in both domestic and international markets.
Cotton, being a globally traded commodity, is highly sensitive to demand-supply dynamics, climate conditions, and global trade policies, increasing uncertainty for cost management and planning.
The low technology barrier in the textile sector allows new entrants to capture market share easily, intensifying competition and further compressing Siddhi Cotspin’s pricing power and margins.
Low product differentiation in yarn products creates challenges in brand positioning, limiting pricing flexibility and forcing reliance on volume sales for maintaining revenue streams and profitability.
Global market uncertainties, including trade restrictions, demand shifts, and currency fluctuations, may negatively impact export opportunities, weakening Siddhi Cotspin’s ability to tap growth in international markets.
Siddhi Cotspin Limited Peer Comparison
| Company | Total Income (₹ in lakh) (March 31, 2025) | Diluted EPS (₹) | P/E Ratio | Return on Net Worth (%) |
|---|---|---|---|---|
| Siddhi Cotspin Limited | 72,454.45 | 6.72 | NA | 16.47 |
| Lagnam Spintex Limited | 60,556.46 | 7.28 | 12.84 | 10.64 |
| Pashupati Cotspin Limited | 63,670.28 | 9.11 | 68.62 | 10.64 |
| United Polyfab Gujarat Limited | 60,221.77 | 7.71 | 19.39 | 18.18 |
