Siddhi Cotspin IPO GMP, Price Review, Key Dates & Complete Details

 

Siddhi Cotspin IPO: A Comprehensive Guide for Investors

With the Siddhi Cotspin IPO GMP generating significant interest, here is a detailed analysis for potential investors. This guide covers everything from the company's financials to the key dates you need to know, all with a focus on the key phrase: "Siddhi Cotspin IPO GMP".



Table of Contents

  • Siddhi Cotspin IPO - Company Analysis

  • Siddhi Cotspin IPO Details

  • IPO Timetable (Tentative)

  • Company Financials

  • The Objective of the Issue

  • Listed Peers of Siddhi Cotspin Ltd.

  • Evaluation of P/E Ratio

  • IPO's Strengths

  • IPO's Weaknesses

  • Siddhi Cotspin IPO GMP (Grey Market Premium)

  • Siddhi Cotspin IPO Summary

  • Siddhi Cotspin IPO Allotment Status

  • Promoters And Management of Siddhi Cotspin Ltd.

  • Dividend Policy

  • Conclusion

Siddhi Cotspin IPO - Company Analysis

Siddhi Cotspin Ltd. is a manufacturer and seller of cotton yarns, including value-added and specialty variants. The company operates a spinning unit in Dholka, Ahmedabad, Gujarat, with an installed capacity of 29,376 spindles. The company is a Global Organic Textile Standard (GOTS) version 6.0 certified company, and it produces a wide range of cotton yarns for textile manufacturers, garment exporters, and distributors. In addition to its domestic presence, the company also indirectly exports its products through merchant exporters.

Siddhi Cotspin IPO Details

The IPO is a Book Building Issue with a total size of ₹69.85 crores. The issue is a combination of a fresh issue of shares worth ₹53.40 crores and an offer for sale of ₹16.46 crores. The price band has been set at ₹102 to ₹108 per share, with a face value of ₹10 per share. The minimum lot size for retail investors is 1200 shares, requiring a minimum investment of ₹1,29,600 at the upper price band.

Siddhi Cotspin IPO Timetable (Tentative)

  • IPO Open Date: September 19, 2025

  • IPO Close Date: September 23, 2025

  • Allotment Finalization: September 24, 2025

  • Refund Initiation: September 25, 2025

  • Demat Account Credit: September 25, 2025

  • Listing Date: September 26, 2025

Company Financials

Siddhi Cotspin Ltd. has shown a consistent increase in revenue and profit over the last three fiscal years.

  • Revenue from Operations (FY25): ₹724.54 crores

  • Profit After Tax (PAT) (FY25): ₹13.08 crores

  • The company's revenue from operations was ₹580.89 crores in FY24 and ₹199.33 crores in FY23.

  • The company's PAT was ₹12.18 crores in FY24 and ₹6.01 crores in FY23.

The Objective of the Issue

The company intends to use the funds raised from the IPO primarily for:

  • Funding the working capital requirements of the company (₹25.10 crores).

  • Repayment or prepayment of certain outstanding borrowings (₹8.97 crores).

  • General corporate purposes.

Listed Peers of Siddhi Cotspin Ltd.

Based on available information, some of the company's listed peers include Lagnam Spintex Limited and Pashupati Cotspin Limited.

Evaluation of P/E Ratio

The company's P/E (Price-to-Earnings) ratio post-IPO is estimated at 20.15. This can be compared to peers to assess the valuation.

IPO's Strengths

  • Experienced Promoter and Management: The company is led by a team with over 20 years of experience in the textile industry.

  • Quality Standards: The company is GOTS certified, indicating a commitment to quality and sustainability.

  • Strong Supplier Base: Siddhi Cotspin has a strong and diversified network for sourcing raw materials.

  • Robust Financial Performance: The company has demonstrated consistent growth in both revenue and profit.

IPO’s Weaknesses

  • Competition: The company operates in a competitive market with many other players.

  • Dependence on Raw Material: The business is highly dependent on the availability and price of cotton.

Siddhi Cotspin IPO GMP (Grey Market Premium)

The Siddhi Cotspin IPO GMP is a key indicator of market sentiment. As of September 19, 2025, the GMP was ₹0 per share, suggesting an estimated listing price of ₹108 (the upper price band). This indicates that the grey market is not factoring in any significant listing gains at this time. It is important to remember that GMP is an unofficial metric and can be volatile.

Siddhi Cotspin IPO Summary

The Siddhi Cotspin IPO offers a chance to invest in a growing textile company with a focus on quality and a strong financial track record. While the GMP is currently at zero, investors should consider the company's fundamentals, including its robust financials and experienced management team, before making an investment decision.

Siddhi Cotspin IPO Allotment Status

After the IPO closes, the allotment status will be finalized on September 24, 2025. Investors can check their allotment status on the registrar's website, Kfin Technologies Ltd.

Promoters And Management of Siddhi Cotspin Ltd.

The company's promoters are Mr. Navin Saraogi, who serves as the Chairman and Managing Director, and Mr. Sanjay Bindal. They are supported by a qualified management team with extensive experience in the textile industry.

Dividend Policy

The company does not have a formal dividend policy but will consider paying dividends in the future, subject to its financial performance and business requirements.

Conclusion

The Siddhi Cotspin IPO GMP presents an opportunity for investors to participate in a company with a strong growth trajectory in the textile industry. The company's solid financials and operational strengths are compelling, but as with any investment, a thorough review of the company's fundamentals and associated risks is essential.

Comments

Post a Comment

Popular posts from this blog

Live IPO GMP Today | Latest IPO GMP, Current GMP & Grey Market Updates

Image
  Check Live IPO GMP Today with latest & current GMP updates for all mainboard and SME IPOs. Get real-time IPO GMP, upcoming IPO premiums & grey market insights. Live IPO GMP Today – Latest & Current IPO GMP Updates by Finowings Tracking Live IPO GMP Today is crucial for every retail and HNI investor aiming to maximize gains from upcoming IPOs. The Grey Market Premium (GMP) gives a sneak peek into how an IPO might perform on its listing day. With the IPO craze heating up in India, platforms like Finowings are making it easier for investors to access the most accurate, updated, and real-time IPO GMP data. In this blog, we will walk you through everything you need to know about IPO GMP, including live updates, current and upcoming IPO GMP, and how it affects your investment decisions. What is IPO GMP? IPO GMP (Grey Market Premium) is the price at which IPO shares are traded unofficially before their listing on stock exchanges. This premium reflects market demand, inves...
Read more

Ganga Bath Fitting IPO GMP: Price, Dates, and Key Insights

Image
  Explore the Ganga Bath Fitting IPO details, including issue size, price band, listing dates, and business overview. Get IPO-ready with Finowings. 1. Ganga Bath Fitting IPO Ganga Bath Fitting Ltd is entering the capital market with its IPO, offering investors a chance to invest in a growing bathroom fittings and sanitaryware brand. With a solid reputation in the manufacturing of taps, showers, and plumbing accessories, the company is targeting expansion through its IPO. The issue opens on June 4 and closes on June 6, 2025, with the price band set between ₹46 to ₹49 per share. This SME IPO is proposed to be listed on the NSE SME platform. The company aims to use the funds for working capital, business expansion, and general corporate purposes. 2. Ganga Bath Fitting IPO GMP The Grey Market Premium (GMP) for the Ganga Bath Fitting IPO GMP is being closely watched by investors. As of now, the GMP stands at ₹0, suggesting a neutral outlook in the unlisted market. While a zero GMP indi...
Read more

GMP IPO and IPO GMP Latest Current Updates

Image
  GMP IPO and IPO GMP: Decoding the Pre-Listing Market Sentiment Introduction to GMP IPO and IPO GMP In the domain of primary market investing, the terms  GMP IPO  and  IPO GMP  have assumed notable prominence. Grey Market Premium (GMP) refers to the premium at which shares of an upcoming Initial Public Offering (IPO) are traded unofficially before their formal listing. This off-the-record valuation tool functions as a proxy for public sentiment and market demand. Investors often rely on these indicators to forecast listing day performance and to gauge the speculative fervor surrounding an offering. The Grey Market: A Parallel Ecosystem Operating beyond the ambit of regulated stock exchanges, the grey market constitutes an informal trading ecosystem where IPO-bound equities are bought and sold ahead of their listing. Brokers, high-net-worth individuals, and retail speculators form the backbone of this parallel environment. While not legally sanctioned, grey mark...
Read more