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Vivekanand Cotspin SME IPO Review

Vivekanand Cotspin SME IPO has been reviewed by 1 analyst, and the overall consensus is Strictly Avoid — carrying a score of 0. Out of the 1 analysts who have covered this IPO, 0 recommend subscribing while 1 advises caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹32-37 per share, with a minimum application size of 3000 shares (minimum investment of approximately ₹111,000 at the upper band). Subscription ran from 21 Sep 2026 to 23 Sep 2026. The issue size is ₹22 crore, entirely a fresh issue. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
0/ 100
Strictly Avoid 0 of 1 recommend subscribing
How analysts voted
Avoid 1
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Vivekanand Cotspin is a cotton yarn spinner. Coverage is thin at one approved note, which gave no rating. Company financials show FY26 total income of ₹409 crore against ₹291 crore in FY25, profit after tax of ₹3.69 crore and EBITDA of ₹15 crore. The single note calls profitability subdued, with net margin down to 0.90 percent from 1.40 percent.

Listing gains

At the upper band of ₹37 the note puts the post-issue price-to-earnings multiple at 22.32 times and price-to-book at 2.08 times, against a pre-issue multiple of 15.10 times. It describes this as a relatively full earnings valuation and a premium to book. One source is a limited basis for a listing view, and that source gave no rating.

Short-term strategy

The note calls the business working-capital intensive, with extended receivable cycles and seasonal raw material inventories that may constrain liquidity, and puts the FY26 debt-to-equity ratio at 1.56 times. Company financials show borrowings of ₹45 crore against net worth of ₹29 crore. The only approved note gives no near-term stance.

Long-term strategy

The note records a sharp fall in customer concentration: the top customer fell to 12.02 percent of revenue in FY26 from 38.84 percent in FY24, and the top five to 34.86 percent from 78.88 percent. Against that it sets raw cotton price volatility, thin net margins and a working-capital heavy model. The long-term case rests on margins recovering.

How this is written: an AI-assisted summary of the 2 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Analyst Verdict Report
Not Rated PDF
Avoid PDF

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Frequently asked

Should I apply for Vivekanand Cotspin SME IPO?

The analyst consensus for Vivekanand Cotspin SME IPO tracked on this page is Strictly Avoid, with a score of 0/100. Out of 1 analyst who have reviewed this IPO, 0 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 0 mean for Vivekanand Cotspin SME IPO?

The score of 0 is an aggregate of all analyst ratings tracked for Vivekanand Cotspin SME IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Read the individual analyst verdicts above for more context.

What was the actual listing price of Vivekanand Cotspin SME IPO?

Vivekanand Cotspin SME IPO listed on September 28, 2026 at ₹38, against the issue price of ₹37 — a gain of +2.7% (₹1 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Vivekanand Cotspin SME IPO?

Vivekanand Cotspin SME IPO was priced at ₹32-37 per share. The minimum lot size is 3000 shares, making the minimum investment approximately ₹111,000 at the upper end of the price band. Subscription ran from 21 Sep 2026 to 23 Sep 2026.

Explore Vivekanand Cotspin SME IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Vivekanand Cotspin SME IPO review

A verdict is an opinion, not a guarantee.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strictly Avoid
Score
0 / 100
Listed at
₹38
Full IPO details
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