The Vashishtha Luxury Fashion IPO will open for subscription on September 5, 2025, and close on September 10, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹8.87 crores. The IPO consists of a fresh issue of ₹8.87 crores, while the offer for sale (OFS) portion details are yet to be disclosed. Each share has a face value of ₹10.
The Vashishtha Luxury Fashion IPO price band is set between ₹109 to ₹111 per share. The quota distribution includes 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for High Net Worth Individuals (HNIs). The IPO allotment date is scheduled for September 11, 2025, and the company’s equity shares are expected to be listed on the BSE SME platform on September 15, 2025.
Vashishtha Luxury Fashion IPO Financial Performance
The company has shown strong growth in its financials. For the financial year 2025, revenue surged to ₹10.88 crores compared to ₹7.45 crores in FY 2024. Similarly, net profit increased to ₹1.42 crores in FY 2025 from ₹0.32 crores in FY 2024, highlighting a significant improvement in profitability.
Vashishtha Luxury Fashion IPO Date & Price Band Details
The Vashishtha Luxury Fashion IPO will open on September 5, 2025, and close on September 10, 2025. This Book Built Issue is set to raise around ₹8.87 crores with a fresh issue of ₹10 face value shares. The IPO price band is fixed at ₹109 to ₹111 per share, with a lot size of 1200 shares. The issue will be listed on the BSE SME platform, with quota distribution of 35% for retail investors, 50% for QIBs, and 15% for NIIs.
| Category | 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% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Vashishtha Luxury Fashion IPO Market Lot
For the Vashishtha Luxury Fashion IPO, the minimum retail application is 2 lots (2,400 shares) amounting to ₹2,66,400, while the maximum retail investment is also capped at the same. For S-HNI investors, the minimum bid starts from 3 lots (3,600 shares) worth ₹3,99,600, going up to 7 lots (8,400 shares) at ₹9,32,400. The B-HNI category requires a minimum application of 8 lots (9,600 shares) with an investment of ₹10,65,600.
| 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 Allotment & Listing Dates
The Vashishtha Luxury Fashion IPO timeline begins with the issue opening on September 5, 2025, and closing on September 10, 2025. The basis of allotment will be finalized on September 11, 2025, followed by refunds initiation and credit of shares to Demat accounts on September 12, 2025. The company’s shares are scheduled to make their debut on the BSE SME platform with the IPO listing date set for September 15, 2025.
| Type | Date |
|---|---|
| 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 |
Vashishtha Luxury Fashion IPO: Promoters
The promoters of Vashishtha Luxury Fashion are Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya, and Ms. Archana Odiya, driving the company’s strategic vision and growth in the fashion industry.
Vashishtha Luxury Fashion IPO Company Financial Report
The financial performance of Vashishtha Luxury Fashion shows consistent growth over the years. For the year 2022, the company reported revenue of ₹4.24 crores with a profit after tax of ₹1.05 crores. In 2023, revenue increased to ₹6.86 crores while maintaining the same PAT of ₹1.05 crores. The year 2024 saw revenue of ₹7.45 crores with profit at ₹0.32 crores, and in 2025, revenue jumped to ₹10.88 crores with a profit after tax of ₹1.42 crores, reflecting strong business growth and improved asset base of ₹9 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 |
| 2025 | ₹10.88 | ₹9.01 | ₹1.42 | ₹9.00 |
Vashishtha Luxury Fashion IPO Valuation – FY2025
The key financial ratios of Vashishtha Luxury Fashion indicate strong performance and profitability. The company has a Return on Equity (ROE) of 30.69% and a Return on Capital Employed (ROCE) of 39.83%. Its EBITDA margin stands at 19.47% while the PAT margin is 13.08%. With a debt-to-equity ratio of 0.45, the company maintains a healthy balance sheet. Earnings per share (EPS) is ₹10.14 (Basic), Return on Net Worth (RoNW) is 44.37%, and Net Asset Value (NAV) is ₹33.03, reflecting solid investor value.
| KPI | Values |
|---|---|
| ROE: | 30.69% |
| ROCE: | 39.83% |
| EBITDA Margin: | 19.47% |
| PAT Margin: | 13.08% |
| Debt to equity ratio: | 0.45 |
| Earning Per Share (EPS): | ₹10.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.37% |
| Net Asset Value (NAV): | ₹33.03 |
Vashishtha Luxury Fashion IPO Peer Group Comparison
- There are no listed companies in India.
Objects of the Issue – Vashishtha Luxury Fashion IPO
- Funding capital expenditure for the purchase of embroidery machines to support business expansion.
- Prepayment or repayment of certain outstanding borrowings availed by the company.
- Meeting general corporate purposes to strengthen operations and growth.
Vashishtha Luxury Fashion Company Overview, Strengths, and Risks
Vashishtha Luxury Fashion Limited is a Mumbai-based export house that specializes in high-fashion hand embroidery, accessories, and garments. It serves international designers and fashion houses in Europe, the UK, USA, Australia, and Turkey, operating in both couture and prêt-à-porter segments.
Company Overview
Founded as a partnership firm in 2010, the company transitioned to a private limited company in 2022 and became a public limited company in 2023. It operates as a 100% Export House and manages a sample manufacturing facility in Mumbai through its subsidiary, Vashishtha Embroidery Pvt. Ltd. It also gets production support from Anas Embroidery, a promoter group entity.
Its product portfolio includes:
- Clothing: High-fashion garments with innovative embroidery and unique materials.
- Accessories: Embellished accessories like handbags, earrings, and footwear.
- Embroidery: High-end hand embroidery, computerized embroidery, and digital printing.
Strengths
Vashishtha Luxury Fashion’s strengths are rooted in its business model and industry expertise:
- Quality and Craftsmanship: The company emphasizes quality control with a team of skilled artisans and an in-house design studio.
- Experienced Management: The promoters and management have extensive experience in the fashion and garment export industry.
- Customer-Centric Model: It focuses on client satisfaction, offering customized designs and maintaining long-term relationships that lead to repeat orders.
- Scalable Operations: As an order-driven business, its model is designed to scale and meet growing demand.
- Global Reach: The company has a diverse international client base across major fashion markets, including Europe, the US, and Australia.
Risks
Despite its strengths, the company faces several risks, particularly given its recent transition and operational structure:
- Dependence on Key Customers and Markets: A significant portion of its revenue is generated from a limited number of customers and specific international markets, making it vulnerable to any loss of business from these sources.
- Reliance on Third Parties: The company is heavily dependent on its subsidiary and a promoter group entity for manufacturing activities.
- Operating History: The company has a limited history as a public corporate entity, which can make it difficult for investors to fully evaluate its long-term prospects.
- Fluctuating Profitability: While the company has shown revenue growth, its profit margins have been erratic in the past.
- Competition: It operates in a highly fragmented industry with competition from both organized and unorganized players, requiring continuous adaptation to changing fashion trends.
Vashishtha Luxury Fashion IPO Review
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Vashishtha Luxury Fashion IPO Registrar
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 Lead Managers aka Merchant Bankers
- Expert Global Consultants Pvt.Ltd.
Vashishtha Luxury Fashion 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: cs@vashishthaluxuryfashion.c
Website: http://www.vashishthaluxuryfashion
FAQs about Vashishtha Luxury Fashion IPO
The IPO opens on September 5, 2025, and closes on September 10, 2025. The allotment is expected on September 11, 2025, and the listing date is September 15, 2025.
The price band for the IPO is fixed at ₹109 to ₹111 per share.
The minimum lot size is 2 lots (2,400 shares), with a total investment of ₹2,66,400. The maximum retail investment is also capped at the same amount.
The total issue size is approximately ₹8.87 crores, consisting entirely of a fresh issue of shares.
The company plans to use the funds for three main purposes:
Purchasing new embroidery machines to expand operations.
Repaying or prepaying certain outstanding borrowings.
General corporate purposes.
The promoters are Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya, and Ms. Archana Odiya.
The shares are scheduled to be listed on the BSE SME platform.
The company has shown strong financial growth, with revenue increasing to ₹10.88 crores in FY 2025 from ₹7.45 crores in FY 2024. Net profit also saw a significant jump to ₹1.42 crores in FY 2025 from ₹0.32 crores in FY 2024.
The quota is distributed as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for High Net Worth Individuals (HNIs).
A Book Built Issue is a process where the price of a security is determined based on bids from potential investors. The company sets a price band, and investors bid within this range. The final offer price is then determined based on the demand at different price points.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
