After a steady flow of IPOs in 2025, Siddhi Cotspin Ltd. is set to make its market debut. The Indian IPO market has been showing resilience, with investors increasingly seeking diversified opportunities across textile, manufacturing, and ancillary sectors. Siddhi Cotspin Ltd., a player in the cotton yarn industry, is tapping this momentum with its upcoming IPO.
Against this backdrop, Siddhi Cotspin Limited IPO will open on September 19, 2025. Here’s a detailed insight into the company, its IPO, and the textile industry outlook.
About Siddhi Cotspin Ltd.
Incorporated in 2015, Siddhi Cotspin Ltd. manufactures and sells cotton yarns, including value-added and specialty yarns. Its offerings include:
- Compact Carded and Combed Hosiery Yarns
- Compact Weaving Yarns
- Carded and Combed Yarns
- Eli Yarns (KW & CW)
- Slub and Siro Slub Yarns
- Lycra-Core Spin Yarn (Spandex)
- TFO Double Yarn
The company supplies products to textile manufacturers, garment exporters, and distributors, focusing on quality, reliability, and timely delivery. Over the years, it has developed strong, long-term customer relationships.
Siddhi Cotspin’s manufacturing facility is located in Dholi, Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles, producing ~90.12 lakh kgs of cotton yarn annually, and ~2.70 crore kgs of value-added yarns. The plant uses advanced automated machinery, ensuring high productivity and consistent quality, while maintaining sustainable practices such as waste minimisation and energy conservation.
Strengths:
- Experienced Promoter and Management Team
- High-Quality Standards
- Strong and Diversified Supplier Base
- Optimal Utilisation of Resources
- Long-standing Customer Relationships
Siddhi Cotspin Ltd. IPO Details
Siddhi Cotspin IPO is a book building issue aggregating ₹69.85 crore, comprising:
- Fresh Issue: 0.49 crore shares (~₹53.40 crore)
- Offer for Sale: 0.15 crore shares (~₹16.46 crore)
IPO Timeline:
| Event | Date |
| IPO Open Date | Sep 19, 2025 |
| IPO Close Date | Sep 23, 2025 |
| Tentative Allotment Date | Sep 24, 2025 |
| Initiation of Refunds | Sep 25, 2025 |
| Credit of Shares to Demat | Sep 25, 2025 |
| Tentative Listing Date | Sep 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 23, 2025 |
Key IPO Details:
| Detail | Information |
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹108 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 64,68,000 shares (~₹69.85 Cr) |
| Fresh Issue | 46,20,000 shares (~₹49.90 Cr) |
| Offer for Sale | 15,24,000 shares (~₹16.46 Cr) |
| Net Offered to Public | 61,44,000 shares (~₹66.36 Cr) |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,94,62,491 shares |
| Shareholding Post-Issue | 2,44,06,491 shares |
| Market Maker | Jevin Stock Broker Pvt. Ltd. |
| Book Running Lead Manager | Swastika Investmart Ltd. |
| Registrar | Kfin Technologies Ltd. |
Siddhi Cotspin IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,400 | ₹2,59,200 |
| Retail (Max) | 2 | 2,400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,36,800 |
Siddhi Cotspin Ltd.: Financials
The IPO market capitalisation of Siddhi Cotspin is ₹263.59 Cr. As of March 31, 2025, its key performance indicators are:
| KPI | Value |
| ROE | 17.95% |
| ROCE | 14.88% |
| Debt/Equity | 0.84 |
| RoNW | 16.47% |
| PAT Margin | 1.81% |
| EBITDA Margin | 4.54% |
| Price to Book Value | 2.65 |
P/E & EPS
| Pre IPO | Post IPO | |||
| EPS (₹) | 6.72 | 5.36 | ||
| P/E (x) | 16.06 | 20.15 |
Financial Summary:
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 182.83 | 181.25 | 184.13 |
| Revenue (₹ Cr) | 724.66 | 581.18 | 199.88 |
| Profit After Tax (₹ Cr) | 13.08 | 12.18 | 6.02 |
| EBITDA (₹ Cr) | 32.87 | 34.72 | 25.10 |
| Net Worth (₹ Cr) | 79.44 | 66.36 | 54.18 |
| Reserves & Surplus (₹ Cr) | 59.98 | 46.90 | 49.75 |
| Total Borrowing (₹ Cr) | 67.11 | 90.58 | 113.78 |
Siddhi Cotspin Ltd.: Industry Outlook
- The global cotton yarn market continues to witness steady demand, driven by textile manufacturers and garment exporters.
- Value-added and specialty yarns are increasingly preferred in fashion and apparel segments.
- India, as one of the leading cotton producers, benefits from strong domestic demand and export opportunities.
- Sustainable manufacturing practices and technological adoption provide competitive advantages to players like Siddhi Cotspin.
Objects of the Issue
| S.No | Objective | Expected Amount (₹ Cr) |
| 1 | Working capital requirements | 25.10 |
| 2 | Repayment or prepayment of borrowings | 8.97 |
| 3 | General corporate purposes | Remaining proceeds |
Siddhi Cotspin IPO: Peer Comparison
Siddhi Cotspin Ltd. operates alongside peers like Lagnam Spintex Ltd, Pashupati Cotspin Ltd, and United Polyfab Gujarat Ltd. Comparing their financials, product offerings, and growth provides investors a broader view of the cotton yarn sector and helps evaluate Siddhi Cotspin’s position in the market.
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Siddhi Cotspin IPO Review
Siddhi Cotspin Ltd. operates in a highly competitive cotton yarn segment, but has shown steady growth in revenue and PAT. Its focus on value-added yarns, technological integration, and sustainability provides differentiation. The IPO appears moderately priced based on its financials and market positioning. Long-term investors may consider allocating a portion of funds while keeping in mind risks such as market competition and raw material price volatility.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
