Siddhi Cotspin IPO

Q: What is the issue size of the Siddhi Cotspin IPO?

The issue size of the Siddhi Cotspin IPO is ₹ 69.85 crore.

IPO Details

Bidding Dates

19 Sep '25 - 23 Sep '25

Minimum Investment

₹2,59,200/ 2 Lots (2400 Shares)

Price Range

₹102 to ₹108

Maximum Investment

₹2,59,200/ 2 Lots (2400 Shares)

Retail Discount

To be announced

Issue Size

₹69.85 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |

Siddhi Cotspin IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 19, 25

IPO Closing Date

Sep 23, 25

Basis of Allotment

Sep 24, 25

Initiation of Refunds

Sep 25, 25

IPO Listing Date

Sep 26, 25

About Siddhi Cotspin IPO

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 (5.01%)
QIB Shares Offered	6,14,400 (9.50%)
NII (HNI) Shares Offered	16,58,400 (25.64%)
Retail Shares Offered	38,71,200 (59.85%)
Total Shares Offered	64,68,000 (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&nbsp	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	Year ending on March 31, 2023
Revenue from Operations (₹ lakh)	72,454.45	58,088.75	19,932.60
Total Income (₹ lakh)	72,454.45	58,088.75	19,932.60
EBITDA (₹ lakh)	3,286.69	3,471.90	2,510.30
Net Profit / Loss After Tax (₹ lakh)	1,308.41	1,218.29	601.56
PAT Margin (%)	1.81	2.10	3.02
Return on Equity (RoE) (%)	17.95	20.21	11.76

Know before investing

Strengths

The 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.

Risks

Operating 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.

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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