Siddhi Cotspin IPO
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Schedule of Siddhi Cotspin
| Issue open date | 19 Sep 2025 |
| Issue close date | 23 Sep 2025 |
| UPI mandate deadline | 23 Sep 2025 (5 PM) |
| Allotment finalization | 24 Sep 2025 |
| Refund initiation | 25 Sep 2025 |
| Share credit | 25 Sep 2025 |
| Listing date | 26 Sep 2025 |
| Mandate end date | 08 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 24 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Siddhi Cotspin
Siddhi Cotspin is a Gujarat-based textile manufacturer established in 2015, primarily engaged in manufacturing and selling cotton yarns. The company operates a Greenfield project at Village Dholi, Dholka, Ahmedabad with 29,376 spindles capacity producing cotton yarn and value-added yarns. With production capacity of 90.12 lakh kg for cotton yarn and 135.80 lakh kg for value-added yarn, the company serves the textile industry with stringent quality standards. Led by Managing Director Navin Saraogi with 20+ years textile industry experience, Siddhi Cotspin focuses on eco-friendly manufacturing processes using renewable energy.
Financials of Siddhi Cotspin
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹69.85 crores |
| Fresh Issue | ₹53.40 crores |
| Offer for sale | ₹16.45 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 25.10 (47%) |
| Repayment or prepayment of all or a portion of outstanding borrowings | 8.97 (16.7%) |
| General corporate purposes | 8.01 (15%) |
| Miscellaneous | 11.32 (21.3%) |
Strengths
- Experienced promoter and management team
- Consistently maintains quality standards
- Strong and diversified supplier base
- Optimal utilisation of resources
- Long-standing relationships with our customers
Risks
- Dependence on cotton prices which are volatile and subject to agricultural and global market conditions
- Limited geographic diversification with single manufacturing facility creating operational concentration risk
- Working capital intensive business model requiring continuous funding for raw material procurement
Allotment Status for Siddhi Cotspin
To check your allotment status – click here.