Siddhi Cotspin Ltd Company Summary

Siddhi Cotspin Ltd Summary

Siddhi Cotspin Ltd was incorporated on November 23, 2015, as Siddhi Cotspin Private Limited, a Private Company, pursuant to a Certificate of Incorporation dated November 23, 2015, issued by the Assistant Registrar of Companies, Ahmedabad. Company converted into a Public Limited on January 29, 2024, and a fresh Certificate of Incorporation dated February 12, 2024 was issued by the Registrar of Companies, Ahmedabad, recording the Change in Company name as Siddhi Cotspin Limited.The Company is primarily engaged in manufacturing and selling of Cotton Yarns. It has set up a Greenfield project of manufacturing value added and specialty cotton yarn at Taluka Dholka, District Ahmedabad, Gujarat, with a total spinning capacity of 29,376 spindles. There are 18 Ring Frames of 1632 spindles each. The installed unit is capable of producing cotton yarn including value added yarns. Their current capacity for producing Cotton Yarn is 90,11,850 Kgs. The Company is manufacturing various value added cotton yarns like Compact Carded Hosiery, Compact Combed Hosiery, Compact Carded Weaving, Compact Comb Weaving, Carded Weaving, Combed Weaving, Carded Hosiery, Combed Hosiery, Eli KW, Eli CW, Slub Yarn, Siro Slub Yarn, CSY-Lycra-Core Spin Yarn (Spandex), TFO Yarn - Double etc. Manufacturing facility is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labour, which in turn, determines the production and profitability of Company. Since technology is a crucial aspect of cotton yarn industry. The experienced team of technicians and operators ensure that every batch of cotton yarn produced meets the highest quality parameters.The Company is proposing the Public Issue aggregating 6468000 Equity Shares comprising 4944000 Fresh Issue equity shares and 1524000 thru Offer for Sale.