Siddhi Cotspin Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 614,400 (10%) | — | ₹66 Cr |
| NII (HNI) | — | 1,658,400 (26%) | — | ₹1,791 Cr |
| Retail | — | 3,871,200 (60%) | — | ₹4,181 Cr |
| Market Maker | — | 324,000 (5%) | — | ₹35 Cr |
| Σ Total | — | 6,468,000 (100%) | — | ₹69,854 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 725 | 581 | 200 |
| EBITDA | 33 | 35 | 25 |
| Profit After Tax | 13 | 12 | 6 |
| Net Worth | 79 | 66 | 54 |
| Total Assets | 183 | 181 | 184 |
| Reserves & Surplus | 60 | 47 | 50 |
| Total Borrowing | 67 | 91 | 114 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the working capital requirements of our Company – 25.10
- 2 Repayment or prepayment of all or a portion of certain outstanding borrowings – 8.97
- 3 General Corporate Purposes – 13.16
Company Overview
Incorporated in 2015, Siddhi Cotspin is engaged in manufacturing and selling cotton yarns, including value-added and specialty yarns. The company offers a wide range of value-added cotton yarns, including Compact Carded and Combed Hosiery, Compact Weaving Yarns, Carded and Combed Yarns, Eli Yarns (KW & CW), Slub and Siro Slub Yarn, Lycra-Core Spin Yarn (Spandex), and TFO Double Yarn, among others. In addition, we manufacture TFO Double Yarn, which adds strength and durability.
It supply products to textile manufacturers, garment exporters, and distributors, focusing on quality, reliability, and timely delivery. Over time, we have built strong and long-term customer relationships
It has a manufacturing facility in Dholi, Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles. The unit has an annual production capacity of about 90,11,850 kgs of cotton yarn and 2,70,35,550 for value-added yarns. The manufacturing facility is equipped with advanced, automated machinery that ensures high productivity and consistent quality. A skilled technical team oversees the spinning process using modern technology and strict quality controls at every stage, from raw material to final product. We also follow sustainable practices by minimizing waste, conserving energy, and reducing environmental impact.
Strengths
- Experienced Promoter and Management Team
- Best Quality Standard
- Strong and diversified supplier base
- Optimal Utilization of Resources
- Long-standing relationships with our customers