Siddhi Cotspin Share Price, Company Overview & IPO Details
Siddhi Cotspin, a Gujarat-based manufacturer of cotton yarn, made a weak debut on the NSE SME platform on September 26, 2025. The Siddhi Cotspin share price listed at Rs 86.40, a steep discount of 20% to its IPO issue price of Rs 108. The stock continued to face selling pressure, hitting its lower circuit limit shortly after listing.
About Siddhi Cotspin Ltd.
Incorporated in 2015, Siddhi Cotspin is engaged in the manufacturing and selling of cotton yarn. The company serves a diverse client base, including textile manufacturers, garment exporters, and distributors. Its manufacturing facility, equipped with advanced automated machinery, is located in Ahmedabad, Gujarat, and has a total spinning capacity of 29,736 spindles. The company can produce over 9 million kilograms of cotton yarn annually.
Siddhi Cotspin IPO & Listing Performance (September 2025)
The IPO of Siddhi Cotspin, which was open from September 19 to September 23, 2025, saw a moderate response from investors, achieving an overall subscription of approximately 3.8 to 4.2 times.
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Listing Price: Rs 86.40 (20% discount)
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IPO Price Band: Rs 102 – Rs 108 per share
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Issue Size: Rs 69.85 crore, which included a fresh issue of Rs 53.40 crore and an Offer for Sale (OFS) of Rs 16.46 crore.
The listing was a significant disappointment for investors, especially as the grey market premium (GMP) had indicated a flat to mild listing, not a steep discount. The subscription was primarily driven by Qualified Institutional Buyers (QIBs), whose portion was booked over 17 times, while the retail and non-institutional categories saw relatively modest demand.
Use of IPO Proceeds
The net proceeds from the fresh issue will be utilised for:
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Funding working capital requirements (Rs 25.10 crore).
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Repayment or prepayment of outstanding borrowings (Rs 8.97 crore).
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General corporate purposes.
Financial Highlights
For the fiscal year ending March 31, 2025, Siddhi Cotspin reported:
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Revenue: Rs 724.66 crore, a 25% increase from the previous year.
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Net Profit: Rs 13.08 crore, a modest 7% growth from FY24.
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Profit Margins: The company operates with thin profit margins, with a PAT margin of 1.81% and an EBITDA margin of 4.54% for FY25.
What You Can Find on This Company Page
This page is your complete resource for all information related to Siddhi Cotspin Ltd. Here’s what you can access:
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Live Siddhi Cotspin Share Price: Track real-time price movements and analyse historical performance with interactive charts.
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IPO and Listing Details: Get all the information about the IPO, including the price band, subscription details, and listing day performance.
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In-Depth Financial Analysis: Access detailed financial statements and key ratios.
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Shareholding Pattern: Get a clear picture of the company's ownership structure.
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Latest News and Corporate Actions: Stay informed about the latest company announcements and other market-moving news.
Frequently Asked Questions (FAQs) about Siddhi Cotspin Share Price
Q1: What was the listing price of Siddhi Cotspin?
The shares listed at Rs 86.40 on the NSE SME platform, a 20% discount to the IPO price of Rs 108.
Q2: How was the investor response to the Siddhi Cotspin IPO?
The IPO was subscribed approximately 4 times, with strong demand from institutional investors but a relatively weak response from retail and HNI categories.
Q3: What does Siddhi Cotspin do?
The company manufactures and sells cotton yarn to textile manufacturers, garment exporters, and distributors.
Q4: What was the issue size of the Siddhi Cotspin IPO?
The IPO was a mix of a fresh issue and an Offer for Sale, aggregating to Rs 69.85 crore