News Details

( As on 16/09/2026 16:00)

Vivekanand Cotspin announces launch of initial public offering

Vivekanand Cotspin Ltd. has announced public offering of 6000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 27.00 per share. The gross proceeds of the issue are expected to be Rs 2,220.00 lakhs.

The company's initial public offer (IPO) will open on 21 September 2026 and is expected to close on 23 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 32.00-37.00 per share.

The IPO includes a fresh Issue of 6000000 Equity Shares of the Company at an price of Rs 37.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Vivekanand Cotspin Ltd. anticipates using the proceeds of the issue for Funding Capital Expenditure requirements towards Plant & Machinery To meet Working Capital requirements General Corporate Purpose.

Swastika Investmart Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.