Siddhi Cotspin IPO Subscription Status

The Siddhi Cotspin IPO saw a strong start, being subscribed 2.19 times on its first day of bidding, as of 5:00 PM on 19 September 2025.

• Qualified Institutional Buyers (QIB): 6.38x
• Non-Institutional Investors (NII): 5.65x
• Retail Individual Investors (RII): 0.34x

By market close, the company had received bids for 1,27,71,600 shares against the total offer size of 58,20,000 shares.

• Day 1 Overall Subscription: 2.19x

Company Overview – Siddhi Cotspin Limited

Founded with a focus on high-quality cotton yarn manufacturing, Siddhi Cotspin Limited has emerged as a leading producer and seller of premium cotton yarns. The company maintains stringent quality standards across all stages of production and relies on modern technology and advanced spinning machinery to deliver consistent results.

Product Range

Siddhi Cotspin manufactures a diverse portfolio of value-added cotton yarns, catering to both hosiery and weaving applications. Its product line includes:

• Compact carded and combed yarns
• Slub yarn and Siro Slub yarn
• Eli yarns (Eli KW and Eli CW)
• Lycra core-spun yarn blended with spandex for elasticity
• TFO double yarn and other specialty variants tailored to customer needs

Infrastructure & Capacity

To scale production and meet rising demand, the company set up a Greenfield project in Dholi village, Ahmedabad district, Gujarat, dedicated to manufacturing premium-quality cotton yarn.

• Installed Spinning Capacity: 29,376 spindles
• Automation: The facility features state-of-the-art automated machinery, ensuring higher efficiency, reduced downtime, and consistent product quality.

This combination of advanced equipment and a skilled technical team enables Siddhi Cotspin to maintain a competitive edge while ensuring that every batch of yarn meets international quality standards.

Financial Performance

The company continues to deliver healthy growth:

• Revenue (FY 2025): ₹724.66 crore (up from ₹581.18 crore in FY 2024)
• Net Profit (FY 2025): ₹13.08 crore (compared to ₹12.18 crore in FY 2024)

This steady performance reflects both rising market demand and the company’s operational efficiencies.

Grey Market Premium (GMP)

As of Friday, 19 September 2025, the Siddhi Cotspin IPO Grey Market Premium (GMP) stood at ₹0, indicating that the IPO shares were trading at ₹108, which is the same as the issue price. While there is currently no grey market premium, investor interest in the subscription numbers shows positive sentiment for the issue.