Vashishtha Luxury Fashion IPO Key Dates
| Anchor Investor Subscription | 5 Sept 2025 |
| IPO opens on | 10 Sept 2025 |
| IPO Closes on | 11 Sept 2025 |
| Allotment on | 12 Sept 2025 |
| Credit of shares on | 12 Sept 2025 |
| Tentative Listing on | 15 Sept 2025 |
Vashishtha Luxury Fashion IPO Condenses Verdict
Vashishtha Luxury Fashion Ltd., a 100% export house in high-fashion embroidery & garments, is coming out with a ₹8.87 crore SME IPO on BSE SME. The company has shown consistent revenue growth and strong improvement in profitability. With FY25 P/E at just ~6.3x, the issue appears fairly priced compared to SME peers. However, small scale and export dependency make it suitable only for investors with moderate-to-high risk appetite.
Final Subscription Tally
| Size Rs. 46.80 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| Subscription Review: |
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About Vashishtha Luxury Fashion
Incorporated in 2010, Vashishtha Luxury Fashion Limited is a 100% Export House engaged in high-fashion hand embroidery, accessories, and finished garments. The company caters to leading fashion brands across Europe, the UK, USA, Australia, and Turkey, offering customized apparel for couture and prêt-à-porter segments.
The company operates a sample development unit in Mumbai through its wholly owned subsidiary, Vashishtha Embroidery Private Limited.
Product Portfolio
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Clothing: Artistic garments with innovative embroidery, exclusive fabrics, and designs that highlight individuality, craftsmanship, and creative expression.
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Accessories: Designer headbands, handbags, earrings, brooches, and footwear crafted with premium materials and embroidery, meeting global luxury standards.
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Embroidery & Textile Design: Specialized in hand-guided embroidery, computerized thread and sequin work, and digital printing—offering intricate, vibrant, and customized designs by blending traditional craftsmanship with modern technology.
As of July 31, 2025, the company employed 21 people.
Vashishtha Luxury Products IPO Details
|
Sector: |
|
| IPO opens on | 5 September 2025 |
| IPO closes on | 10 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7,99,200 Shares / Rs 8.87 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 40,800 Shares |
| Net offer to Public | 7,58,400 Shares Rs. 8.42 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 109-111 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 40,800 (5.11%) |
| QIB Shares Offered | 75,600 (9.46%) |
| NII (HNI) Shares Offered | 2,65,200 (33.18%) |
| Retail Shares Offered | 4,17,600 (52.25%) |
| Total Shares Offered | 7,99,200 (100.00%) |
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 2 | 2,400 | 2,66,400 |
| Retail (Max) | 2 | 2,400 | 2,66,400 |
| S-HNI (Min) | 3 | 3,600 | 3,99,600 |
| S-HNI (Max) | 7 | 8,400 | 9,32,400 |
| B-HNI (Min) | 8 | 9,600 | 10,65,600 |
Who are the Promoters of Vashishtha Luxury Fashion IPO?
The promoters hold 100.00% of the pre-IPO capital
What are the Objects of Vashishtha Luxury Products IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion Rs. 3.64 Crore
+Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company Rs. 2.69 Crore
+General Corporate purposes
Vashishtha Luxury Fashion IPO Lead Managers
Expert Global Consultants Pvt ltd
| Registered Office of the Company |
| Vashishtha Luxury Fashion Ltd. 307 and 308, Sun Industrial Estate, Sun Mill Compound Lower Parel West, Delisle Road, Mumbai, Maharashtra, 400013 Email: cs@vashishthaluxuryfashion.com |
| Who is the Registrar to the IPO? Bigshare Services Pvt ltd |
Vashishtha Luxury Fashion Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 9 | 7.89 | 7.41 |
| Total Income | 10.88 | 7.45 | 6.86 |
| Profit After Tax | 1.42 | 0.32 | 1.05 |
| EBITDA | 2.07 | 0.73 | 1.27 |
| Net Worth | 4.64 | 1.78 | 1.47 |
| Reserves and Surplus | 3.08 | 0.67 | 0.36 |
| Total Borrowing | 2.07 | 3.26 | 3.44 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 17.95% |
| ROCE | 33.50% |
| Debt/Equity | 1.83 |
| RoNW | 19.66% |
| PAT Margin | 4.47% |
| Price to Book Value | 6.95 |
| EPS | 9.14 |
| PER | 12.14 |
How Vashishtha Luxury Products IPO compares with the Peers?
There is no listed company in India having similar nature of business.
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