IPO Details
Bidding Dates
19 Sept 25 - 23 Sept 25
Price Range ₹
102 - 108
Total Equity
₹ 69.85Cr
Lot Size
2400
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Sept 2025
Offer end
23 Sept 2025
Allotment
24 Sept 2025
Refund initiation
25 Sept 2025
Demat transfer
25 Sept 2025
Listing
26 Sept 2025
Offer start
19 Sept 2025
Offer end
23 Sept 2025
Allotment
24 Sept 2025
Refund initiation
25 Sept 2025
Demat transfer
25 Sept 2025
Listing
26 Sept 2025
About Company
Incorporated in 2015, Siddhi Cotspin Ltd. manufactures and sells cotton yarns, including value-added and specialty yarns such as Compact Carded & Combed Hosiery, Compact Weaving Yarns, Eli Yarns, Slub & Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn.The company serves textile manufacturers, garment exporters, and distributors with a focus on quality, consistency, and timely delivery.Its manufacturing unit in Dholi, Ahmedabad, Gujarat has a capacity of 29,376 spindles, producing ~90 lakh kgs of cotton yarn and ~2.7 crore kgs of value-added yarns annually. The facility is equipped with modern, automated machinery and follows sustainable practices such as waste minimization, energy conservation, and environmental protection.
Year Founded
23-11-2015
Promotor Details
Navin Saraogi
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 85.57 | 0 |
| Share Capital | 16655025 | 0 |
Offer to Public
64,68,000.00 Cr
Project Details
- Repayment or prepayment of all or a portion of certain outstanding borrowings - 89.65cr
- Funding the working capital requirements - 251cr
Objectives
- Funding the working capital requirements of our CompanyRepayment or prepayment of all or a portion of certain outstanding borrowings availed by our CompanyGeneral Corporate Purposes
Highlights
- Wide range of specialty and value-added yarns with higher demand.
- Consistent revenue and PAT growth with debt levels declining.
- Automated machinery and efficient capacity utilization ensure quality.
- Promoter and leadership team with expertise in cotton spinning.
- Long-standing tie-ups with textile manufacturers and exporters ensure recurring business.
Challenges
- PAT margin at just 1.81% and EBITDA margin ~4.5%, leaving little buffer for shocks.
- Volatility in cotton prices directly affects profitability.
- Textile demand is cyclical, sensitive to global economic and seasonal factors.
- Manufacturing base concentrated in Gujarat, exposing risk to regional disruptions.
- At 20.15x P/E, the IPO appears slightly expensive compared to peers with stronger margins.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 18,283.04 | 1,946.25 | 765.74 | 765.74 | 4.2373 |
| 2021 | 18,346.60 | 442.33 | 228.28 | 228.28 | 1.2632 |
| 2023 | 18,412.56 | 442.33 | 1,218.29 | 1,218.29 | 6.2597 |
| 2022 | 20,014.54 | 442.33 | 1,218.29 | 1,218.29 | 6.2597 |
| 2024 | 18,125.38 | 1,946.25 | 1,218.29 | 1,218.29 | 6.2597 |
