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 opened for subscription on Sep 5, 2025 and will close on Sep 10, 2025. The allotment for the Vashishtha Luxury Fashion IPO is expected to be finalized on Sep 11, 2025. Vashishtha Luxury Fashion IPO will list on BSE SME with a tentative listing date fixed as Sep 15, 2025.
Vashishtha Luxury Fashion IPO price band is set at ₹109.00 to ₹111.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400.00 (2,400 shares) (based on upper price). The minimum lot size investment for 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.
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| IPO Date | September 5, 2025 to September 10, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹109 to ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,99,200 shares (aggregating up to ₹8.87 Cr) |
| Reserved for Market Maker | 40,800 shares Nirman Share Brokers Pvt.Ltd. (aggregating up to ₹0.4529 Cr) |
| Net Offered to Public | 7,58,400 shares (aggregating up to ₹8.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,57,558 shares |
| Share Holding Post Issue | 23,56,758 shares |
Vashishtha Luxury Fashion IPO offers total 7,99,200 shares. Out of which 75,600 (9.46%) allocated to QIB, 2,65,200 (33.18%) allocated to NII, 4,17,600 (52.25%) allocated to RII.
| 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%) |
| − bNII > ₹10L | 1,76,400 (22.07%) |
| − sNII < ₹10L | 88,800 (11.11%) |
| Retail Shares Offered | 4,17,600 (52.25%) |
| Total Shares Offered | 7,99,200 (100.00%) |
Vashishtha Luxury Fashion IPO opens on September 5, 2025, and closes on September 10, 2025.
| IPO Open Date | Fri, Sep 5, 2025 |
| IPO Close Date | Wed, Sep 10, 2025 |
| Tentative Allotment | Thu, Sep 11, 2025 |
| Initiation of Refunds | Fri, Sep 12, 2025 |
| Credit of Shares to Demat | Fri, Sep 12, 2025 |
| Tentative Listing Date | Mon, Sep 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 10, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Vashishtha Luxury Fashion IPO is ₹26.16 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 9.14 | 6.04 |
| P/E (x) | 12.14 | 18.38 |
The Company Vashishtha Luxury Fashion IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] VLFL is engaged in exporting high fashion hand embroidery work with related accessories and finished garments. While it posted growth in its top lines, its bottom lined marked erratic movements. Tall claims made by the company not reflected in its financial performance. Based on its recent financial data, the issue appears aggressively priced. Tiny paid-up equity capital post-IPO indicates longer gestation period for migration. Investors may skip this tiny and pricey issue. Read detail review...
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 | |
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.com
Website: https://vashishthaluxuryfashion.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vashishtha Luxury Fashion IPO is a SME IPO of 7,99,200 equity shares of the face value of ₹10 aggregating up to ₹8.87 Crores. The issue is priced at . The minimum order quantity is 1200.
The IPO opens on September 5, 2025, and closes on September 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 September 5, 2025 and closes on September 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 Friday, September 12, 2025. Check the Vashishtha Luxury Fashion IPO allotment status.
The Vashishtha Luxury Fashion IPO listing date is not yet announced. The tentative date of Vashishtha Luxury Fashion IPO listing is Monday, September 15, 2025.
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