Vivekanand Cotspin Ltd. IPO

The Company was originally formed and registered as Limited Liability Partnership Firm under the name and style of “Vivekanand Cotspin LLP” pursuant to provisions of Limited Liability Partnership Act, 2008 (“LLP Act”), bearing registration no. AAE-4147 pursuant to Certificate of Incorporation dated July 21, 2015 issued by Registrar, Gujarat, Dadra and Nagar Havelli. Thereafter, it was converted in to a Private Limited company in the name and style of “Vivekanand Cotspin Private Limited” pursuant to the provisions of Companies Act, 2013 and fresh a certificate of Incorporation dated August 5, 2024 was issued by Registrar of Companies, Central Registration Centre bearing CIN No. U13111GJ2024PTC154066. Subsequently the Company was converted into Public Limited Company pursuant to a resolution passed by the Shareholders at an Extra Ordinary General Meeting held on December 2, 2024 and consequently the name of the company was changed from “Vivekanand Cotspin Private Limited” to “Vivekanand Cotspin Limited” vide fresh certificate of incorporation dated December 16, 2024 issued by the Registrar of Companies, Central Processing Centre. The Corporate Identity Number of the Company is U13111GJ2024PLC154066. The registered office and manufacturing unit is situated at S. No. 181/1, 182/1, at Rangpurda, Kadi, Mahesana-382715, Gujarat, India.

The company is engaged in the business of cotton processing and yarn manufacturing, comprising ginning of raw cotton (kapas) into cotton bales and cotton seed, and spinning of cotton bales into cotton yarn. In addition to its manufacturing activities, the Company also undertakes trading of cotton bales and cotton yarn in the ordinary course of business to meet customer requirements and optimize business opportunities. The products manufactured at the Company include Cotton bales, Cotton Seeds and Cotton Yarn. The company operates in two primary areas: cotton ginning and spinning. In the ginning process, it separates cotton fibers from seeds, which is the first step in preparing raw cotton for textile production. Following this, the company focuses on spinning, where the clean cotton fibers are turned into yarn. This yarn, produced in various counts and quality grades, is used by textile mills for weaving and knitting fabrics. The company's product range is centered on cotton yarn, including carded and combed yarn, which caters to both domestic and international markets. the Company serves a wide array of industries that require high-quality yarn for fabric production, and its reach extends beyond India, with exports to other countries. The company operates spinning mills, utilizing machinery to ensure efficient production while maintaining quality control. The manufacturing facility of the Company is situated at Rangpurda, Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra region of Gujarat. The company has established a production capacity of approximately 4,551 MT of Cotton Yarn and 8,000 MT of Cotton Bales annually. the plant is equipped with plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production of the Company. the technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which we are able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. The Promoters of the Company, Nirav Bharatbhai Patel, Jasmin Visnubhai Patel, Bharatbhai Prahaladbhai Patel,Vishnubhai Prahaladdas Patel and Gautam Bharatkumar Patel have 15, 06, 15, 15 and 09 years of experience in the cotton textile industry. Our Promoters have sound knowledge of manufacturing process, marketing, finance and all kind of other commercial activities related to the cotton textile industry including but not limited to manufacturing and marketing of Raw Cotton, Cotton Bales, Cotton Seeds, Yarn and by-products. Under the leadership of the promoters, we have been able to maintain cordial customer relationship and generate repeated order flows.