Vashishtha Luxury Fashion IPO
Open SmeCurrent GMP
₹8 (+7.21%)
Price Band
₹ 109 – 111
Lot Size
1200
Issue Size
₹8.87 Cr
Minimum Investment
₹266400 (2400 Shares)
Listing Date
15 September 2025
Subscription
2.12x
About the Company
Incorporated in 2010, Vashishtha Luxury Fashion Limited is engaged in the business of exporting high-fashion hand embroidery, accessories, and finished garments.
The company is recognized as a 100% Export House, catering to leading fashion brands across Europe, the UK, the USA, Australia, and Turkey. It specializes in delivering customized apparel designs for both couture and prêt-à-porter segments, combining traditional craftsmanship with contemporary fashion trends.
The company operates a dedicated sample development unit in Mumbai through its wholly owned subsidiary, Vashishtha Embroidery Private Limited, enabling it to deliver precision-driven prototypes and meet the evolving demands of international clients.
Product Portfolio
- Clothing: Designer garments featuring innovative embroidery techniques, unique materials, and artistic designs that highlight individuality, craftsmanship, and creative self-expression.
- Clothing Accessories: Exclusive accessories, including headbands, handbags, earrings, brooches, and footwear, crafted with fine embroidery, premium materials, and a focus on global style trends.
- Embroidery: A comprehensive range of embroidery solutions, from traditional hand-guided techniques to computerized thread and sequin work, as well as digital printing—blending artisanal skills with modern technology to deliver intricate and customized textile designs.
As of September 30, 2024, the company employed 26 people across its operations.
Promoters
- Mr. Ravindra Dhareshivkar
- Mr. Mustak Odiya
- Ms. Archana Odiya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
66.08%
Objects of the Issue
The Company Vashishtha Luxury IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure requirement of our Company towards purchase of Embroidery Machines for expansion
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company
- General Corporate Purposes
Address / Contact Info
Vashishtha Luxury Fashion Ltd.
307 and 308, Sun Industrial Estate,
Sun Mill Compound Lower Parel West,
Delisle Road,
Mumbai, Maharashtra, 400013
Phone: +91 22 4972 3618
Email: cs@vashishthaluxuryfashion.c
Website: http://www.vashishthaluxuryfashion
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 05 September 2025
IPO Close Date
Wednesday, 10 September 2025
Basis of Allotment
Thursday, 11 September 2025
Initiation of Refunds
Friday, 12 September 2025
Credit of Shares to Demat
Friday, 12 September 2025
Listing Date
Monday, 15 September 2025 — NSE & BSE
Important Dates
Open Date
05 September 2025
Close Date
10 September 2025
Basis Of Allotment
11 September 2025
Listing Date
15 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 9 | 7.89 | 7.41 |
| Revenue | 10.84 | 7.45 | 6.86 |
| Profit After Tax | 1.42 | 0.32 | 1.05 |
| Net Worth | 4.64 | 1.78 | 1.47 |
| Reserve & Surplus | 3.08 | 0.67 | 0.36 |
| Total Borrowings | 2.07 | 3.26 | 3.44 |
EPS Pre
9.14%
EPS Post
6.04%
P/E Pre
12.14
P/E (Post Issue)
18.38x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 30.69 | 17.95 | 71.12 |
| ROCE % | 39.83 | 33.5 | 81.02 |
| Debt / Equity | 0.45 | 1.83 | 2.34 |
| RoNW % | 44.37 | 19.66 | 107.86 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 13.08 | 4.29 | 15.22 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 75600 | 9.97 | 0 |
| Non-Institutional | 306000 | 34.97 | 0 |
| BNII | 176400 | 23.26 | 0 |
| SNII | 88800 | 11.71 | 0 |
| Retail Investors | 417600 | 55.06 | 0 |
| Total | 758400 | 100 | 0 |
Subscription Status ( Wed, 10 Sep 25 01:40 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 75600 | 96000 | 1.27x |
| Non-Institutional | 306000 | 696000 | 2.27x |
| Retail Investors | 417600 | 900000 | 2.16x |
| Total | 799200 | 1692000 | 2.12x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 266,400.00 |
| Retail (Max) | 2 | 2,400 | 266,400.00 |
| S-HNI (Min) | 3 | 3,600 | 399,600.00 |
| S-HNI (Max) | 7 | 8,400 | 932,400.00 |
| B-HNI (Min) | 8 | 9,600 | 1,065,600.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Expert Global Consultants Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vashishtha Luxury Fashion IPO is a Book-building IPO worth ₹8.87 crores. The price band is ₹109 to 111 per share. The IPO opens on Fri, Sep 5, 2025 and closes on Wed, Sep 10, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Vashishtha Luxury Fashion IPO opens on Fri, Sep 5, 2025 and closes on Wed, Sep 10, 2025
Vashishtha Luxury Fashion IPO Price Band is ₹109 to 111.
Vashishtha Luxury Fashion IPO lot size is 1200, and the minimum amount required for application is ₹266400.
The minimum investment for Vashishtha Luxury Fashion IPO is approximately ₹266400 based on the upper price band.
To apply for the Vashishtha Luxury Fashion IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 10, 2025. After submission, funds are blocked until the basis of allotment of Vashishtha Luxury Fashion IPO is finalised.
Vashishtha Luxury Fashion IPO issue size is ₹8.87 crores.
Vashishtha Luxury Fashion IPO allotment date is Sat, Jun 27, 2026.
The registrar for Vashishtha Luxury Fashion IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Vashishtha Luxury Fashion IPO through their official website or helpline.
The Vashishtha Luxury Fashion IPO GMP (Grey Market Premium) is ₹8 as of Mon, Sep 15, 2025. Based on the upper price band of ₹111 per share, the estimated Vashishtha Luxury Fashion IPO listing price is ₹119, indicating a potential listing gain of approximately 31% over the issue price.