Siddhi Cotspin IPO
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Siddhi Cotspin IPO details
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.
Subscription Figures for Siddhi Cotspin
As per media reports (Link), the Grey Market Premium (GMP) of Siddhi Cotspin is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 6.14 | 107.72 | 17.53x |
| NII | 13.34 | 79.82 | 5.94x |
| Retail | 38.71 | 58.03 | 1.50x |
| Total | 58.20 | 245.04 | 4.21x |