Siddhi Cotspin IPO Subscription Status

The Siddhi Cotspin IPO continued to draw investor interest on the second day of bidding, achieving an overall 3.12 times subscription by 5:00 PM on September 22, 2025.

• Qualified Institutional Buyers (QIBs): Subscribed 13.92×
• Non-Institutional Investors (NIIs/HNIs): Subscribed 5.43×
• Retail Investors (RIIs): Subscribed 0.61×

By the close of Day 2, the IPO had received bids for 1,81,59,600 shares against the total offer size of 58,20,000 shares. This reflects a strong jump from Day 1, when the issue was subscribed 2.19×.

Company Overview – Siddhi Cotspin Limited

Siddhi Cotspin Limited is a leading manufacturer and seller of high-quality cotton yarn, known for maintaining strict quality controls and incorporating modern technology in its production processes.

The company specializes in a diverse range of value-added yarns, including:

• Compact carded and combed yarns for hosiery and weaving
• Slub yarn, siro slub yarn
• Eli yarns (Eli KW and Eli CW)
• Lycra core-spun yarn (with spandex)
• TFO double yarn, and more

To meet growing demand, Siddhi Cotspin has developed a Greenfield project at Dholi village, Ahmedabad district, Gujarat, dedicated to producing premium cotton yarn. The facility houses an advanced spinning setup with 29,376 spindles, complemented by state-of-the-art, fully automated machinery that significantly enhances efficiency and output.

The company prides itself on an experienced workforce and skilled technicians, ensuring that every batch meets the highest global quality standards. Its technology upgrades and automation have positioned it as a competitive player in both domestic and export markets.

Financial Performance

Siddhi Cotspin has demonstrated steady financial growth:

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

The company maintains a healthy balance sheet with moderate leverage, allowing it to reinvest in capacity expansion and advanced equipment.

Grey Market Premium (GMP)

As of Monday, September 22, 2025, the IPO’s grey market premium stood at ₹0, implying that the issue was trading at par with its issue price of ₹108 per share. Although there is no immediate premium in the grey market, strong QIB participation highlights institutional confidence.