Vashishtha Luxury Fashion Limited
Bookbuilding IPO · BSE
- Price band
- ₹109 - ₹111
- Lot size
- 1,200 shares
- Issue amount
- ₹8.87 cr
- Total subscription
- 2.23×
- Opens
- 5 Sept 2025
- Closes
- 10 Sept 2025
- Allotment
- 11 Sept 2025
- Listing
- 15 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 7,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,30,800
- Fresh issue
- ₹8.87 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,33,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 15,57,558
- Shares after issue
- 23,56,758
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,66,400 |
| sHNI | 3 | 3,600 | ₹3,99,600 |
| bHNI | 8 | 9,600 | ₹10,65,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 100 |
| RETAIL | 174 | 375 |
| HNIs(10L +) | 49 | 47 |
| HNIs (2-10L) | 25 | 53 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.84 | 1.07 |
| FIIs | 0 | 0.84 |
| Others | 0 | 0.23 |
| RETAIL | 4.64 | 9.99 |
| HNIs 2+ | 0.99 | 2.13 |
| HNIs 10+ | 1.96 | 5.59 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 |
|---|---|
| EPS | 10.92 |
| ROE | 28.28 |
| ROCE | 31.43 |
| RONW | 64.49 |
| PRE IPO(PE) | 12.14 |
| POST IPO(PE) | 18.38 |
Values and labels as reported in the issue data.
Company information
Company profile
Vashishtha Luxury Fashion Limited, incorporated in 2010, is engaged in exporting high-fashion hand embroidery, accessories, and finished garments. Recognized as a 100% Export House, the company serves leading fashion brands in Europe, the UK, USA, Australia, and Turkey, offering customized designs for both couture and prêt-à-porter segments. It operates a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited. Its product portfolio includes artistic garments with innovative embroidery and unique materials, fashion accessories such as headbands, handbags, earrings, brooches, and footwear, as well as intricate embroidery services ranging from hand-guided embroidery to computerized sequin work and digital printing. Combining craftsmanship with technology, the company emphasizes creativity, individuality, and premium quality in its offerings. As of September 30, 2024, it employed 26 people.
Strengths
- Quality Excellence – Advanced equipment, skilled staff, and strict controls maintain consistent standards, while the in-house design team creates fresh seasonal embroidery collections for global clients.
- Strong Leadership & Skilled Workforce – Experienced management backed by trained craftsmen ensures efficiency, cost optimization, and effective capacity utilization.
- Customer-Centric Business Model – Focus on evolving client needs by offering diverse design options and regularly introducing new global trends.
Risk factors
- Early-Stage Risk – Limited operating history makes long-term performance harder to assess.
- Regulatory Dependence – Reliance on approvals and licenses; delays or non-compliance can hinder operations.
- Seasonal Volatility – Sales fluctuate with festive demand, impacting revenue consistency.
Promoters
Mr. Ravindra Dhareshivkar
Mr. Mustak Odiya
Ms. Archana Odiya
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
307 and 308, Sun Industrial Estate, Sun Mill Compound Lower Parel West, Delisle Road, Mumbai, Maharashtra, 400013
+91 22 4972 3618
[email protected]Company website ↗Understanding VASHISHTHA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.