Siddhi Cotspin IPO Subscription Status

The Siddhi Cotspin IPO closed on 23 September 2025 with a 4.21 times overall subscription as of 5:00 PM on the final bidding day.

• Qualified Institutional Buyers (QIB): 17.53x
• Non-Institutional Investors (NII): 5.94x
• Retail Individual Investors (RII): 1.50x

Investors placed bids for 2,45,04,000 shares against the total offer of 58,20,000 shares.
Daily subscription trend:

• Day 1: 2.19x
• Day 2: 3.12x
• Day 3: 4.21x (final tally)

This strong QIB participation highlights institutional confidence in the company’s growth prospects.

Company Overview

Siddhi Cotspin Limited is a prominent cotton yarn manufacturer recognized for its stringent quality controls and modern production processes. The company utilizes state-of-the-art spinning technology and advanced automated machinery to ensure high productivity and consistent output.

Its product portfolio includes a wide range of value-added cotton yarns, such as:

• Compact carded and combed yarns for hosiery and weaving
• Slub and siro slub yarn
• Eli yarns (Eli KW and Eli CW)
• Lycra core-spun yarns with spandex
• TFO double yarn and other specialty yarns catering to niche requirements.

To enhance capacity and innovation, Siddhi Cotspin set up a Greenfield project in Dholi village, Ahmedabad district (Gujarat) with a spinning capacity of 29,376 spindles. The fully automated and technologically advanced plant helps improve efficiency and supports the production of premium-quality yarns. The company’s skilled technicians and experienced management maintain rigorous quality checks to ensure every batch meets top industry standards.

Financial Performance

• FY 2024–25 Revenue: ₹724.66 crore (up from ₹581.18 crore in FY 2023–24)
• Profit After Tax (PAT): ₹13.08 crore in FY 2024–25 versus ₹12.18 crore in the prior year
• PAT Margin (FY 2025): about 1.8%, reflecting stable profitability despite rising input costs.

The steady revenue growth demonstrates strong demand for its high-quality yarn products both domestically and in export markets.

Grey Market Premium (GMP)

As of Tuesday, 23 September 2025, the Siddhi Cotspin IPO reported a grey market premium (GMP) of ₹0, indicating the shares were trading at ₹108, equal to the issue price of ₹108, with no premium in the unofficial market.