Siddhi Cotspin came to market through an SME IPO that opened on 19 September 2025 and closed on 23 September 2025, and the shares listed on 26 September 2025 on NSE SME. The price band was ₹102 to ₹108 per share and one lot was 1200 shares, so the minimum application was ₹1,29,600. The issue size was ₹69.85 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and Swastika Investmart Ltd was the lead manager.
As of 23 September 2025.
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Founded in 2015, Siddhi Cotspin is a manufacturer and seller of cotton yarns, such as value-added and specialty yarns. The firm has a diverse set of value-added cotton yarns, including Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, among others. Further, we produce TFO Double Yarn, which provides strength and endurance.
It supplies goods to textile producers, garment exporters, and distributors with emphasis on quality, dependability, and on-time delivery. We have established long-term and stable customer relationships over the years It has a manufacturing unit in Dholi, Ahmedabad, Gujarat, with total spinning capacity of 29,376 spindles. The unit has an annual production capacity of approximately 90,11,850 kgs of cotton yarn and 2,70,35,550 for value-added yarns. The production unit is fitted with state-of-the-art, automatic machinery that guarantees high output and uniform quality.
A trained technical staff monitors the spinning operation with the help of advanced technology and rigorous quality checks at each step, from raw material to finished product. We also practice environmentally friendly processes by reducing waste, saving energy, and minimizing environmental degradation.
As described in the offer document.
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Mr. Navin Saraogi, Mr. Aansh Rajesh Bindal. Promoter holding 85.57% before the issue and 65.56% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Siddhi Cotspin IPO was a ₹69.85 crore book-built issue, comprising a fresh issue of ₹53.4 crore and an offer for sale of ₹16.46 crore. It was priced at ₹102–₹108 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,59,200). The IPO was open from September 19 to September 23, 2025 and was subscribed 4.04x.
Shares listed on NSE SME on September 26, 2025 at ₹86.40, a 20.0% discount to the issue price of ₹108. Kfin Technologies Ltd. is the registrar. Swastika Investmart Ltd. is the book running lead manager.
The price band of Siddhi Cotspin IPO is ₹102 to ₹108 per share.
The lot size of Siddhi Cotspin IPO is 1200 shares.
The minimum investment for Siddhi Cotspin IPO is approximately ₹2,59,200 based on the upper price band.
The allotment date of Siddhi Cotspin IPO is Sep 24, 2025.
You can check Siddhi Cotspin IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Siddhi Cotspin IPO allotment status on Rupix for quick and easy access.
₹102 to ₹108 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,29,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,29,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 September 2025 and closed on 23 September 2025.
The basis of allotment was published on 24 September 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 September 2025 on NSE SME.
The issue size was ₹69.85 crore. The fresh issue was 49,44,000 shares (aggregating up to ₹53.4 crore). The offer for sale was 15,24,000 shares (aggregating up to ₹16.46 crore).