Vashishtha Luxury Fashion IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
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…
Open Date
Fri, 05 Sep 2025
Close Date
Wed, 10 Sep 2025
Price Band
₹ 109 – 111
Lot Size
1200
Issue Size
₹ 8.87 Cr
Minimum Investment
₹ 266,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vashishtha Luxury Fashion IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹8.87 Crore, comprising a fresh issue of 7.99 Lakh equity shares aggregating to ₹8.87 Crore.
The Vashishtha Luxury Fashion IPO remained open for subscription from September 05, 2025, to September 10, 2025. The basis of allotment was finalized on September 11, 2025, and the company's shares were listed on BSE SME Platform on September 15, 2025.
The company had fixed the price band at ₹109 to ₹111 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹266,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Expert Global Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Vashishtha Luxury Fashion Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Vashishtha Luxury Fashion IPO Timeline (Tentative)
- IPO Open Date
- Fri, 05 Sep 25
- IPO Close Date
- Wed, 10 Sep 25
- Basis of Allotment
- Thu, 11 Sep 25
- Initiation of Refunds
- Fri, 12 Sep 25
- Credit of Shares to Demat
- Fri, 12 Sep 25
- Listing Date
- Mon, 15 Sep 25 — NSE & BSE
Open Date
05 September 2025
Close Date
10 September 2025
Basis Of Allotment
11 September 2025
Listing Date
15 September 2025
IPO Subscription
Check Live Subscription →The Vashishtha Luxury Fashion IPO has received bids for 16,92,000 shares against 7,99,200 shares offered, resulting in an overall subscription of 2.12x. the NII category is subscribed 2.27x, Retail Investors 2.16x, and QIBs 1.27x.
QIB
1.27x
NII
2.27x
RII
2.16x
Total
2.12x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,17,600 shares, representing 55.06% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 75,600 shares (9.97%), while Non-Institutional Investors (NIIs) receive 3,06,000 shares (34.97%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 75,600 | 9.97% |
| Non-Institutional | 306,000 | 34.97% |
| BNII | 176,400 | 23.26% |
| SNII | 88,800 | 11.71% |
| Retail Investors | 417,600 | 55.06% |
| Total | 758,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Vashishtha Luxury Fashion Limited KPI Information
| 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 |
| Pat Margin % | 13.08 | 4.29 | 15.22 |
Peers Comparison
No Peer Comparision Available
About Vashishtha Luxury Fashion Limited
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.
Vashishtha Luxury Fashion IPO Promoters
- Mr. Ravindra Dhareshivkar
- Mr. Mustak Odiya
- Ms. Archana Odiya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
66.08%
Vashishtha Luxury Fashion IPO Objective
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
Vashishtha Luxury Fashion Limited Address / Contact Details
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
Vashishtha Luxury Fashion IPO Lot Size
The Vashishtha Luxury Fashion IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,66,400 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,66,400.
| 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 |
Issue Reservation
- QIB — 9.97%
- NII — 34.97%
- RII — 55.06%
Book Running Lead Managers
- Expert Global Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vashishtha Luxury Fashion IPO?
Vashishtha Luxury Fashion IPO is a Book-building IPO with a total issue size of ₹8.87 crore. The Vashishtha Luxury Fashion IPO price band is ₹109 to 111 per share. The Vashishtha Luxury Fashion IPO subscription opens on Fri, Sep 5, 2025, and closes on Wed, Sep 10, 2025. The Vashishtha Luxury Fashion IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Vashishtha Luxury Fashion IPO.
When will the Vashishtha Luxury Fashion IPO open for subscription?
The Vashishtha Luxury Fashion IPO opens on Fri, Sep 5, 2025 and closes on Wed, Sep 10, 2025
What is Vashishtha Luxury Fashion IPO Price Band?
Vashishtha Luxury Fashion IPO Price Band is ₹109 to 111 per share.
What is Vashishtha Luxury Fashion IPO Lot Size?
Vashishtha Luxury Fashion IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹266400 based on the upper price band
What is the minimum investment for Vashishtha Luxury Fashion IPO?
The minimum investment for Vashishtha Luxury Fashion IPO is ₹266400, based on one lot of 1200 shares at the upper price band of ₹111 per share.
How to apply for Vashishtha Luxury Fashion IPO?
Investors can apply for the Vashishtha Luxury Fashion IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 10, 2025. The application amount remains blocked until the Vashishtha Luxury Fashion IPO allotment is finalized.
What is Vashishtha Luxury Fashion IPO Issue Size?
Vashishtha Luxury Fashion IPO issue size is ₹8.87 crores.
What is the Vashishtha Luxury Fashion IPO Allotment Date?
Vashishtha Luxury Fashion IPO allotment date is Thu, Sep 11, 2025.
Who is the Vashishtha Luxury Fashion IPO Registrar?
The registrar for Vashishtha Luxury Fashion IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Vashishtha Luxury Fashion IPO allotment status, refund processing, and other IPO-related information.
What is the Vashishtha Luxury Fashion IPO GMP?
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 7.21% over the issue price.
Who is the Vashishtha Luxury Fashion IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vashishtha Luxury Fashion IPO are Expert Global Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vashishtha Luxury Fashion IPO Red Herring Prospectus (RHP).