Vashishtha Luxury Fashion IPO Date, Review, Price, Details
Vashishtha Luxury Fashion IPO will open for subscription on September 5, 2025, and close on September 10, 2025. The issue is being launched as a Book Built Issue, with the company planning to raise about ₹8.87 crores entirely through a fresh issue of shares. An additional offer for sale of equity shares with a face value of ₹10 each is also included.
The price band for the IPO is fixed at ₹109–₹111 per share. In terms of allocation, 50% of the issue is reserved for QIBs, 15% for HNIs, and 35% for the retail category. The proposed listing is on the BSE SME platform with a tentative listing date of September 15, 2025. The basis of allotment is expected to be finalized on September 11, 2025.
On the financial front, the company posted revenues of ₹7.45 crores in FY 2024, up from ₹6.86 crores in FY 2023. However, net profit declined to ₹0.32 crores in FY 2024, compared to ₹1.05 crores in FY 2023.
Vashishtha Luxury Fashion IPO Market Lot Size
The Vashishtha Luxury Fashion IPO minimum market lot is 2,400 shares with ₹2,66,400 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 2 | 2,400 | ₹2,66,400 |
Retail Maximum | 2 | 2,400 | ₹2,66,400 |
S-HNI Minimum | 3 | 3,600 | ₹3,99,600 |
S-HNI Maximum | 7 | 8,400 | ₹9,32,400 |
B-HNI Minimum | 8 | 9,600 | ₹10,65,600 |
Vashishtha Luxury Fashion IPO Details
IPO Open Date: | September 5, 2025 |
IPO Close Date: | September 10, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹109 to ₹111 Per Share |
Issue Size: | Approx ₹8.87 Crores |
Fresh Issue: | Approx ₹8.87 Crores |
Lot Size: | 1200 Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
Vashishtha Luxury Fashion IPO Valuation – FY2024 (KPI)
Check Vashishtha Luxury Fashion IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 17.95% |
ROCE: | 33.50% |
EBITDA Margin: | 10.19% |
PAT Margin: | 4.47% |
Debt to equity ratio: | 1.83 |
Earning Per Share (EPS): | ₹2.87 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 19.66% |
Net Asset Value (NAV): | ₹15.98 |
Vashishtha Luxury Fashion IPO Company Financial Report
In FY 2024, the company recorded revenues of ₹7.45 crores, compared to ₹6.86 crores in FY 2023. Net profit stood at ₹0.32 crores in 2024, down from ₹1.05 crores reported in the previous year. (Figures in ₹ crores)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹4.24 | ₹4.13 | ₹1.05 | ₹7.03 |
2023 | ₹6.86 | ₹5.38 | ₹1.05 | ₹7.41 |
2024 | ₹7.45 | ₹6.91 | ₹0.32 | ₹7.89 |
Vashishtha Luxury Fashion IPO Dates
The Vashishtha Luxury Fashion IPO opens on September 5, 2025, and will close on September 10, 2025. The basis of allotment is scheduled to be finalized on September 11, 2025, with the shares set to list on the exchange on September 15, 2025.
IPO Open Date: | September 5, 2025 |
IPO Close Date: | September 10, 2025 |
Basis of Allotment: | September 11, 2025 |
Refunds: | September 12, 2025 |
Credit to Demat Account: | September 12, 2025 |
IPO Listing Date: | September 15, 2025 |
Promoters of Vashishtha Luxury Fashion IPO
The promoters of the company are Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya and Ms. Archana Odiya.
About Vashishtha Luxury Fashion IPO
Established in 2010, Vashishtha Luxury Fashion Limited is engaged in the export of premium hand-embroidered fashion, accessories, and finished garments. The company caters to several international markets, including Europe, the UK, the USA, Australia, and Turkey. It also specializes in offering customized apparel designs for both couture and ready-to-wear (prêt-à-porter) segments.
Its product portfolio is diverse, comprising:
Apparel featuring innovative embroidery, distinctive fabrics, and creative designs.
Accessories such as handbags, headbands, earrings, brooches, and footwear.
Embroidery solutions, including computerized thread and sequin work along with digital printing.
The company operates a sample unit in Mumbai under its subsidiary, Vashishtha Embroidery Private Limited, and had a workforce of 26 employees as of September 30, 2024.
Peer Group Comparison
ompany | EPS | PE Ratio | RoNW % | NAV | Income |
NA | NA | NA | NA | NA | NA |
Objects of the IPO
To finance the purchase of embroidery machines for capacity expansion.
To repay or prepay certain outstanding borrowings of the company.
For meeting general corporate requirements.
Merchant Bankers
- Expert Global Consultants Pvt.Ltd.
Company Address
- 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: [email protected]
Website: http://www.vashishthaluxuryfashion
Vashishtha Luxury Fashion IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
Check Grey market premium at below
(GMP)