Bookbuilding IPO | ₹9 Cr | Listed at BSE SME | Fri, Sep 5, 2025 - Wed, Sep 10, 2025
Vashishtha Luxury Fashion IPO is a book build issue of ₹8.87 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹8.87 crore.
Vashishtha Luxury Fashion IPO bidding started from Sep 5, 2025 and ended on Sep 10, 2025. The allotment for Vashishtha Luxury Fashion IPO was finalized on Sep 11, 2025. The shares got listed on BSE SME on Sep 15, 2025.
Vashishtha Luxury Fashion IPO price band is set at ₹111 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,99,600.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nirman Share Brokers Pvt.Ltd..
Refer to Vashishtha Luxury Fashion IPO RHP for detailed Information.
IPO Open
Fri, Sep 5, 2025
IPO Close
Wed, Sep 10, 2025
Issue Price
₹111 per share
Market Cap (Pre-IPO)
₹26.16 Cr
| IPO Date | 5 to 10 Sep, 2025 |
| Listed on | Mon, Sep 15, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹111 |
| Issue Price | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,99,200 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 40,800 shares Nirman Share Brokers Pvt.Ltd. (agg. up to ₹0.4529 Cr) |
| Fresh Issue (Ex Market Maker) | 7,58,400 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 7,58,400 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 15,57,558 shares |
| Share Holding Post Issue | 23,56,758 shares |
| BSE Script Code | 544508 |
| ISIN | INE0WRP01016 |
Vashishtha Luxury Fashion IPO comprises a total issue size of 7,99,200 shares. The net offer to the public is 7,58,400 shares, after excluding 40,800 shares allotted on a firm basis. Of the Net offer 75,600 (9.97%) are allocated to QIB, 2,65,200 (34.97%) allocated to NII 4,17,600 (55.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 75,600 | 9.97% | 9.46% |
| NII (HNI) Shares Offered | 2,65,200 | 34.97% | 33.18% |
| − bNII > ₹10L | 1,76,400 | 22.07% | |
| − sNII < ₹10L | 88,800 | 11.11% | |
| Retail Shares Offered | 4,17,600 | 55.06% | 52.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,800 | 5.11% | |
| Total Shares Offered | 7,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (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 |
Incorporated in 2010, Vashishtha Luxury Fashion Limited is engaged in the business of exporting high fashion hand embroidery work, accessories & finished garments.
The company is a 100% Export House serving fashion brands in Europe, the UK, USA, Australia, and Turkey, offering customized apparel designs for couture and prêt-à-porter segments.
The company runs a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited,
Product Portfolio:
As of July 31, 2025, the company has 21 employees.
Competitive Strengths:
Vashishtha Luxury Fashion Ltd.'s revenue increased by 46% and profit after tax (PAT) rose by 346% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 9.00 | 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 ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion | 3.64 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company | 2.69 |
| 3 | General Corporate Purposes | 1.32 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.28% |
| ROCE | 31.43% |
| Debt/Equity | 0.34 |
| RoNW | 64.49% |
| PAT Margin | 14.14% |
| EBITDA Margin | 22.08% |
| Price to Book Value | 6.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.14 | 6.04 |
| P/E (x) | 12.14 | 18.38 |
| Promoter Holding | 100% | 66.08% |
| Market Cap | ₹26.16 Cr. |
The Vashishtha Luxury Fashion IPO is subscribed 2.18 times on September 10, 2025 5:04:35 PM (Day 4). The public issue subscribed 2.16 times in the individual investors category, 1.27 times in the QIB category, and 2.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.27 | 75,600 | 96,000 | 0 |
| NII* | 2.47 | 2,65,200 | 6,55,200 | 0 |
| bNII (bids above ₹10L) | 2.63 | 1,76,400 | 4,63,200 | |
| sNII (bids below ₹10L) | 2.16 | 88,800 | 1,92,000 | |
| Individual Investors | 2.16 | 4,17,600 | 9,00,000 | 0 |
| Total | 2.18 | 7,58,400 | 16,51,200 | 479 |
Total Application : 479
*Market Maker portion is not included to NII/HNI.
Vashishtha Luxury Fashion Ltd. Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2025 |
| Assets | 8.39 |
| Total Income | 10.84 |
| Profit After Tax | 1.53 |
| EBITDA | 2.35 |
| Net Worth | 4.75 |
| Reserves and Surplus | 3.20 |
| Total Borrowing | 1.81 |
| Amount in ₹ Crore | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Book Running Lead Manager | 0.15 |
| 2 | Underwriting Fees | 0.40 |
| 3 | Market Maker Fees | 0.09 |
| 4 | Brokerage, selling commission and upload fees | 0.02 |
| 5 | Fees payable to Registrar to Offer | 0.02 |
| 6 | Fees payable to Legal Advisor | 0.02 |
| 7 | Statutory Advertisement Expenses | 0.07 |
| 8 | Printing & Stationery Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Regulators including stock exchanges | 0.06 |
| 11 | Others (including the Peer Review Auditors, Depositories fees and charges, ROC fees, Stamp duty, PCS fees, Fees of Chartered Engineers, and other misc. expenses of professionals as above mentioned and advertising, marketing & promotion expenses) | 0.37 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹118.00 |
| Low | ₹112.10 |
| High | ₹123.00 |
| Last Trade | ₹121.75 |
Lead Manager Reports
Vashishtha Luxury Fashion IPO is a SME IPO of 7,99,200 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Sep 5, 2025, and closes on Wed, Sep 10, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vashishtha Luxury Fashion IPO using UPI as a payment gateway. Zerodha customers can apply in Vashishtha Luxury Fashion IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vashishtha Luxury Fashion IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vashishtha Luxury Fashion IPO opens on Fri, Sep 5, 2025 and closes on Wed, Sep 10, 2025.
Vashishtha Luxury Fashion IPO lot size is 1200, and the minimum amount required for application is ₹2,66,400, with 2 lots being the minimum application size.
You can apply in Vashishtha Luxury Fashion IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vashishtha Luxury Fashion IPO will be done on Thursday, September 11, 2025, and the allotted shares will be credited to your demat account by Fri, Sep 12, 2025. Check the Vashishtha Luxury Fashion IPO allotment status.
The Vashishtha Luxury Fashion IPO listing date is on Mon, Sep 15, 2025.
