- Price band
- To be announcedNot in this filing
- Issue size
- 64,68,000 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- OpensFri, 2025
- ClosesTue, 2025
- AllotmentThu, 2025Demat credit same day
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 49,44,000 shares
- Offer for sale
- 15,24,000 shares
- Total issue
- 64,68,000 shares
- Market maker portion
- 3,24,000 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 85.57% → 65.56%
- RHP date
- 15 Sept 2025
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Reservation
Share of the total issue- Retail59.9%
- NII25.6%
- QIB9.5%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 38,71,200 | 63.01% | 35% |
| Non-institutional investors (NII) | 16,58,400 | 26.99% | 15% |
| Qualified institutional buyers (QIB) | 6,14,400 | 10.00% | — |
| Market maker | 3,24,000 | — | — |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹6.72
- EPS (diluted)
- ₹6.72
- RoNW
- 16.47%
- NAV per share
- ₹40.82
- ROCE
- 14.88%
- EBITDA margin
- 4.54%
- PAT margin
- 1.81%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 724.54 | 580.89 | 199.33 |
| Total income | 724.66 | 581.18 | 199.88 |
| EBITDA | 32.87 | 34.72 | 25.10 |
| Profit after tax | 13.08 | 12.18 | 6.02 |
| Net worth | 79.44 | 66.36 | 54.18 |
| Reserves and surplus | 59.98 | 46.90 | 49.75 |
| Total assets | 182.83 | 181.25 | 184.13 |
| Total borrowing | 67.11 | 90.58 | 113.78 |
FY 2024-25 vs FY 2023-24: revenue +24.7%, profit after tax +7.4%.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
About the company
The company manufactures and sells cotton yarn, including value-added and specialty yarns, from a spinning unit in Dholi, Ahmedabad. It supplies textile, apparel, denim and home furnishing manufacturers, mainly in Gujarat, and also exports through merchant exporters. Its promoters are Navin Saraogi and Aansh Rajesh Bindal.
- Incorporated
- 2015
- Industry
- Textiles
- Sector
- Textiles and Apparel
- CIN
- U17123GJ2015PLC085135
- Website
- siddhicotspin.com
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Navin Saraogi | Promoter | 44.97% | 33.18% | 6,54,802 |
| Aansh Rajesh Bindal | Promoter | 40.60% | 32.38% | 0 |
| Vineeta Vishal Chiripal | Selling shareholder | 4.47% | 0.00% | 8,69,198 |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements | 25.10 |
| Repayment or prepayment of certain borrowings | 8.97 |
| General corporate purposes (to be finalized) | Set with price |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Siddhi Cotspin LimitedIssuer | — | — | 16.47% | ₹40.82 |
| Lagnam Spintex Limited | — | 12.84× | 10.64% | ₹68.41 |
| Pashupati Cotspin Limited | — | 68.62× | 10.64% | ₹86.8 |
| United Polyfab Gujarat Limited | — | 19.39× | 18.18% | ₹42.41 |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Promoter has over 20 years of experience in the textile industry.
- Operates a spinning unit with 29,376 spindles and high capacity utilisation in cotton yarn and value-added yarn.
- Serves a diversified base of textile and garment customers with long-standing relationships.
- Revenue grew sharply over the last two fiscal years.
Risks
- Business depends on the Indian economy and conditions in key export and raw material markets.
- Working capital intensive operations with significant trade receivables and inventory.
- Significant borrowings relative to net worth, with debt servicing dependent on cash flows.
- Concentration of revenue among top customers, with top 10 accounting for about 88% in FY 2024-25.
- Promoter selling shares in the offer and the company may need further capital, leading to dilution.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Contacts
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Demat credit
- Listing
Source: Red Herring Prospectus dated 15 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Siddhi Cotspin IPO open and close?
According to the Red Herring Prospectus, the issue opens on Friday, 19 September 2025 and closes on Tuesday, 23 September 2025. These dates are tentative.
What is the Siddhi Cotspin IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Siddhi Cotspin shares list?
On NSE Emerge. The tentative listing date is Friday, 26 September 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Siddhi Cotspin IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 25 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹25.1 Cr for funding working capital requirements, ₹8.97 Cr for repayment or prepayment of certain borrowings, and the rest for the other stated purposes.
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