Here’s the latest info on Siddhi Cotspin Ltd IPO as of mid-September 2025:

Key Details

Attribute	Detail
IPO Open Date	19 September 2025
IPO Close Date	23 September 2025
Price Band	₹102 – ₹108 per share
Lot Size	Minimum 1,200 shares (≈ ₹1,29,600 investment at cap price)
Issue Size / Raise Amount	~ ₹69.85 crore total • Fresh issue ~ ₹53.40 crore • Offer for Sale (OFS) by existing shareholders ~ ₹16.45 crore
Number of Shares on Offer	~ 64.68 lakh shares total
Listing Exchange	NSE – SME segment
Listing Date	26 September 2025

Company & Business

• Name: Siddhi Cotspin Limited
• Established: 2015
• Location:
  Unit No.13, Sub Plot No.18, Survey Nos. 279 & 280, Village Dholi, Taluka Dholka, District Ahmedabad, Gujarat.
• Line of Business: Manufacturing and selling cotton yarns, including value-added yarns. Also involvement in cotton waste.
• Capacity: 29,376 spindles in the “Greenfield project” at the Dholi facility.

Use of Proceeds (Fresh Issue)

From the fresh issue portion, the funds will be utilised for:

Purpose	Approx ₹ Crore	% of fresh issue
Working capital requirements	~ ₹25.10 Cr	~47%
Repayment or prepayment of outstanding borrowings	~ ₹8.97 Cr	~16.7%
General corporate purposes	~ ₹8.01 Cr	~15%
Miscellaneous (other purposes)	~ ₹11.32 Cr	~21.3%

Financials (Recent Years)

Here are key financials (approx) from their latest full fiscal year(s) as per DRHP / financial data:

Fiscal Year End March	2024	2023	2022
Total Revenue	~ ₹581.18 million (≈ ₹58.118 Cr)	~ ₹199.89 million (≈ ₹19.989 Cr)	~ ₹403.05 million (≈ ₹40.305 Cr)
Profit After Tax (PAT)	~ ₹11.77 million	~ ₹6.05 million	~ ₹8.92 million
EBITDA	~ ₹35.18 million for FY2024

Other details:

• Promoter holding (pre-issue) ~ 85.57%, which will drop post-issue. www.bajajfinserv.in+1
• After IPO, public shareholding ~ 34.44% post-issue.

Risks, Strengths & Other Disclosures

• Strengths claimed include: ■ Experienced promoter and management. ■ Good quality standards. ■ Strong, diversified supplier base. ■ Established customer relationships.
• Risks / Observations:
  1. Dependence on raw material price (cotton etc.) and fluctuations.
  2. Operational risk from single manufacturing facility.
  3. Market risk: competition in the spinning and value-added yarn segment.
  4. Regulatory / compliance risk.
  5. There is a regulatory notice / interim order by SEBI involving some of the promoter group individuals (Mr. Vedprakash Devkinandan Chiripal & Ms. Savitridevi Chiripal) which may impact reputation.

Siddhi Cotspin IPO FAQs

1. What is the Siddhi Cotspin IPO?
   It’s an SME IPO by Siddhi Cotspin Ltd. comprising a fresh issue + an offer for sale of existing shares. The IPO price band is ₹102-108 per share.
2. When does the IPO open and close for subscription?
   Opens: 19 September 2025
   Closes: 23 September 2025
3. What is the issue size / how much is the company raising?
   Total is ₹69.85 crore approximately.
4. What is the split between fresh issue and offer for sale (OFS)?
   • Fresh issue: ~ ₹49.90 crore (or shares equivalent)
   • Offer for Sale: ~ ₹16.46 crore worth of shares are being sold by existing shareholders.
5. What is face value per share and price band?
   • Face value: ₹10 per share.
   • Price band: ₹102 – ₹108 per share.
6. How many shares are being offered (total shares)?
   Approximately 64,68,000 equity shares.
7. What is the minimum lot size / minimum investment for retail investors?
   • Lot size: 1,200 shares per lot.
   • For retail, minimum 2 lots (so 2,400 shares) – that’s ~ ₹2,59,200 (calculated at upper price band ₹108).
8. What are the important dates (allotment, listing etc.)?
   • Basis of Allotment: 24 September 2025
   • Refunds initiation: 25 September 2025
   • Shares credited to Demat: 25 September 2025
   • Listing date: 26 September 2025 on NSE SME.
9. Where will the shares be listed?
   On NSE SME (National Stock Exchange SME platform).
10. Who is the registrar and who are lead managers?
    • Registrar: KFin Technologies Ltd
    • Lead Manager: Swastika Investmart Ltd