IPO Schedule
1
Open
19 Sept
2
Close
23 Sept
3
Allotment
24 Sept
4
Listing
26 Sept
Siddhi Cotspin Ltd IPO
Issue:₹108
List:₹86.4
CMP:₹30.7
NSELot: 1200Textiles
LISTEDSME
Issue Price₹108
Listing₹86.4
Current₹30.7
Content
About Siddhi Cotspin Ltd
Siddhi Cotspin Ltd is an SME engaged in the business of manufacturing and trading cotton products. The company's operations primarily involve ginning, spinning, and trading of cotton yarn and cotton bales, catering to both domestic and international markets.
Subscription Status
QIB
6.38x
NII
5.65x
Retail
0.34x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 17.53x | 13.92x | 6.38x |
| NII | 5.94x | 5.43x | 5.65x |
| Retail | 1.50x | 0.61x | 0.34x |
| Total | 4.21x | 3.12x | 2.20x |
Risk Factors
•Fluctuations in Cotton Prices: The company's profitability is highly susceptible to fluctuations in cotton prices, which are influenced by global supply and demand factors.
•Dependence on Raw Material Supply: Reliance on a limited number of suppliers for raw materials could disrupt operations if supply is constrained.
•Competition: Intense competition from other players in the cotton industry could put pressure on margins and market share.
Promoters & Management
The key members of the management team include Mr. Navin Saraogi, the Chairman & Managing Director, who has over 20 years of experience in the textile industry. He is responsible for overseeing the overall operations and strategic direction of the company. Mr. Aansh Rajesh Bindal serves as the Whole Time Director, bringing his expertise in business management to the company. Ms. Drashti Laxmikant Solanki, Mr. Sumitkumar Jayantibhai Patel and Mr. Aayush Kamleshbhai Shah are Independent Directors, providing guidance and oversight to the company's operations. Mr. Vardhaman Parimalkumar Shah is the Chief Financial Officer, responsible for managing the company's financial affairs. Ms. Asha Bhavabhai Parmar serves as the Company Secretary and Compliance Officer, ensuring compliance with regulatory requirements. The management team's experience and expertise are considered crucial for the company's growth and success.