Vivekanand Cotspin IPO
Vivekanand Cotspin IPO is an SME IPO raising ₹24 Cr at ₹32 – ₹37 a share. It listed on 28 Sept 2026 at ₹38, +2.7% against its issue price of ₹37, and trades at ₹41 today (+10.8% since issue). It was subscribed 1.73× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 5% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Vivekanand Cotspin Limited | — | 15.96% | ₹2.45 |
| Deepak Spinners Limited | 22.11× | 1.6% | ₹5.06 |
| Lagnam Spintex Limited | 9.52× | 11.23% | ₹8.14 |
| This issue | 15.1× | 15.96% | ₹2.45 |
derived: cut-off price Rs37 / stated EPS Rs2.45 (FY26 (year ended March 31, 2026) Basic and Diluted EPS, based on Restated Financial Statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.