BSE SMEClosing today
Vivekanand Cotspin IPO
Other Textile Products · BSE SME
LIVE GMP₹00% vs issue price
GMP MOVEMENT
InitialGrey market trend
1 recorded GMP updates · Oldest to latest
Initial GMP trend
Vivekanand Cotspin IPO's grey market premium is currently showing a Initial trend.
Starting GMP₹0
Net change+₹0
GMP range₹0
Sessions1
LIVE DEMAND
As of 23rd Sep 2026 16:50Subscription by investor category
Total bid amount: ₹26.42 crore
Dates, pricing & lot
Opening date21-Sep
Closing date23-Sep
Listing date28-Sep
Price band₹32.00 – ₹37.00
Issue size₹22.20 Cr
Minimum investment₹1,11,000
Est. profit per lot₹0
ExchangeBSE SME
CategorySME IPO
GMP updates
| Date & time | GMP | Movement |
|---|---|---|
| 16 Sept, 01:02 pm | ₹0 | Flat |
AI ANALYST
Scorecard & verdict
Generated 23 Sept 2026, 11:29 am · shared across all visitors
Vivekanand Cotspin IPO Analysis
Verdict: NEUTRAL/RISKY (58/100) | Confidence: Medium
(Listing-gain view: Weak due to zero GMP and thin SME demand; Long-term view: Cautious — financials show revenue growth but declining profitability, no red flags found but limited peer/anchor data)
Scorecard Table
| Parameter | Data + Source | Score |
| 1. GMP (15) | Current GMP: ₹0 (0% of upper band) [Data Block] | 0 |
| 2. Lead Manager Track Record (20) | Lead manager: Swastika Investmart Ltd. [Web Result 2] | 10 (Not found in web research for track record) |
| 3. Anchor / Market Maker (10) | Market maker: Sunflower Broking Pvt. Ltd. [Web Result 2] | 5 (Not found in web research for quality/performance) |
| 4. Promoter/Legal (15) | No disclosed litigations against promoters/directors; SEBI no red flags [Web Result 1] | 7 (Capped at 7/15 — cannot confirm clean record without active verification) |
| 5. Valuation vs Peers (15) | P/E rose from 16.3 to 22.84 post-IPO; revenue ↑41%, PAT ↓9% FY26 [Web Result 3] | 6 (Peer comparison not explicitly detailed in results) |
| 6. Subscription (15) | QIB: 1.26x (5 pts), NII/HNI: 2.41x (7 pts), Retail: 1.82x (3 pts) [Data Block] | 15 |
| 7. Financial Quality (10) | Revenue ↑41%, PAT ↓9%; ROE 15.96%, Debt/Equity 1.56 [Web Result 3] | 5 (Mixed signals: growth vs. declining profitability) |
Top Positives
- Strong subscription across categories (QIB 1.26x, HNI/NII 2.41x, Retail 1.82x)
- No promoter/legal red flags found in DRHP or SEBI records
- Revenue growth of 41% in FY26 indicates business expansion
Top Red Flags
- Zero GMP (₹0) suggests weak listing-day expectations
- Profit after tax declined 9% despite revenue rise — margin pressure
- High Debt/Equity ratio (1.56) indicates leverage risk
- GMP data may be thin/unreliable for SME (single-source, zero value)
Missing Data (Not found in web research)
- Lead Manager Track Record (Swastika Investmart Ltd. performance history)
- Anchor/Market Maker quality (Sunflower Broking Pvt. Ltd. track record)
- Detailed peer valuation comparison (P/E vs. sector peers)
- Use of proceeds and issue quality (fresh vs. OFS, growth plan)
Data Timestamp
- Market data fetched: 2026-09-23T11:29:26.681Z
- Web research fetched: 2026-09-23T11:29:30.678Z
Not investment advice. Do your own due diligence.