Siddhi Cotspin IPO Oversubscribed 3.5x with Strong QIB Demand

Siddhi Cotspin’s IPO, priced at ₹102–108, has been oversubscribed 3.5x, with qualified institutional buyers leading demand at nearly 14x. The ₹264 crore issue attracted moderate retail and non-institutional participation, while grey market buzz suggests mild listing gains. Focused on cotton yarn manufacturing, the company aims to use proceeds for expansion and working capital. Shares are set to list tomorrow, adding to India’s active SME IPO pipeline this week.