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₹1,33,200 / 1200 shares

Vashishtha Luxury Fashion IPO Details

RHP/DRHP

Issue Date

05 Sep - 10 Sep'25

Investment/lot

₹1,33,200

Price Range

₹109 - ₹111

Lot Size

1200

IPO Size

₹8.87 Cr

IPO Listing Details

Listing On

15 Sep'25

Issue Price

₹111

Listed Price

₹ 118

Retail Gain/Listing Gain

6.31%

Schedule of Vashishtha Luxury Fashion

Start date

05/09/2025

End date

10/09/2025

Allotment of bids

11/09/2025

Refund Initiation

Listing on exchange

15/09/2025

Vashishtha Luxury Fashion IPO Subscription Status
(Last updated on 10 Sep 2025 04:45 PM)

DayTotalQIBRetailNII
Day 1
05-Sep-2025
0.07x
0x
0.13x
0.01x
Day 2
08-Sep-2025
0.22x
0x
0.32x
0.16x
Day 3
09-Sep-2025
1.11x
1x
1.16x
1.24x
Day 4
10-Sep-2025
2.09x
1.27x
2.11x
2.62x

Subscription Rate

CategorySubscription Rate
Non-Institutional (HNI)
2.62x
Qualified Institutions
1.27x
Retail
2.15x
Total Subscription
2.11x

Vashishtha Luxury Fashion IPO Lot Size

ApplicationLotsSharesAmount
HNI (Min)
2
2400
₹2,66,400

The IPO of Vashishtha Luxury Fashion Ltd comprises a fresh issue of up to 7,99,200 equity shares. There’s no offer for sale in this IPO which is a 100% book-built issue. The price band is ₹109-₹111 per share and the lot size is 1200. The IPO opens on September 5, 2025 and closes on September 10, 2025.

The listing date is on or before September 15, 2025 and the allotment date is on or before September 11, 2025. The credit of shares to the Demat account will take place on or before September 12, 2025, while the initiation of refund will take place on or before September 12, 2025.

Vashishtha Luxury Fashion Ltd is engaged in the business of exporting high fashion hand embroidery work, accessories & finished garments. It’s a reliable name considering existence and maintaining relationships for over a decade amongst international designers, fashion houses & boutiques.

  • Funding capital expenditure requirement of the company towards purchase of embroidery machines for expansion

  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company

Detail Information
Upper Price Band
₹111
Fresh Issue
Up to 7,99,200 equity shares
Offer for Sale
NA
EPS in ₹ in FY25
10.92

Vashishtha Luxury Fashion IPO Lot Size

Application Lots Share Amount in INR
Individual Investors (Retail) (Min)
2
2400
2,66,400
Individual Investors (Retail) (Max)
2
2400
2,66,400
S-HNI (Min)
3
3600
3,99,600
S-HNI (Max)
7
8400
9,32,400
B-HNI (Min)
8
9600
10,65,600
Investor Shares Offered
Market Maker
5.11% of issue size
QIBs
Not more than 9.97% of the net issue
Non-Institutional Applicants
Not less than 34.97% of the net issue
Retail Individual Investors
Not less than 55.06% of the net issue

India’s textiles industry contributed 7% to the industry output (by value) in 2022. The Indian textiles and apparel industry contributed 2.3% to the GDP, 12% to export earnings, 13% to industrial production and held 4% of the global trade in textiles and apparel in 2023. The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030, with exports expected to reach US$100 billion.

Vashishtha Luxury Fashion Ltd is engaged in the business of exporting high fashion hand embroidery work, accessories and finished garments. It’s a reliable name considering existence and maintaining relationships for over a decade amongst international designers, fashion houses and boutiques.

The company caters to various brands and fashion houses across Europe, UK, USA, Australia, European countries and Turkey. Further, it also provides services in customised designs in the apparel segment.

  • Consistency in quality
  • Rich management experience and skilled team
  • Customer centric business model
  • Smooth flow of operations
  • Scalable business model
  • Limited operating history exposes it to risks of early-stage companies
  • Heavy reliance on Vashishtha Embroidery Private Limited, and the Promoter Group Entity, Anas Embroidery, for all manufacturing-related activities
  • Risk of delays in obtaining or renewing approvals and licenses
  • Impact of seasonality on business performance
  • Lack of long-term customer contracts
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There are no listed companies in India whose business portfolio is comparable with that of the business and comparable to its scale of operations. Hence, it is not possible to provide an industry comparison in relation to the company.

Anchor Investor Bidding Date NA

IPO Registrar and Book Running Lead Manager

  • IPO Registrar: Bigshare Services Pvt Ltd
  • Book Running Lead Manager: Expert Global Consultants Pvt Ltd

Vashistha Luxury Fashion Ltd exports high fashion hand embroidery work, accessories and finished garments. It’s a 100% export house. Since inception, it has provided services to many couture and prêt-à-porter brands from Europe, UK, USA, Australia, European countries and Turkey.

Over the years, Vashishtha Luxury Fashion Ltd has developed a broad client base through a relationship-focused approach. Its existing relationships have led to repeat business, helping it maintain long-term working partnerships with customers and strengthen its customer retention strategy. It believes these relationships provide a competitive advantage in attracting new clients and growing its business.

The experience and trade relations developed by its promoters and management have been one of the key instrumental factors in the growth of the company.

Vashishtha Luxury Fashion Ltd is a young organisation with a strong team considering the diverse background and experience. Since 2010, the team of Vashishtha have indulged in working closely with clients and are capable of understanding and converting their ideas into creations.

The in-house creative design team is always experimenting with new techniques of embellishment and creates unique embroidery collections every season to showcase to all potential clients across Europe, UK, USA, Australia, European countries and Turkey.

Parameter FY25 FY24 FY23
Total Revenue (in ₹crores)
10.8431
-
-
Profit Before Tax (in ₹crores)
2.0693
-
-
EBITDA (in ₹crores)
2.3480
-
-
Profit After Tax (in ₹crores)
1.5332
-
-
EPS in ₹
10.92
-
-
Parameter FY25 FY24 FY23
Profit Before Tax (in ₹ crores)
2.0693
-
-
Net Cash from Operating Activities (in ₹ crores)
-0.6458
-
-
Net Cash Flow from/(Used in) Investing Activities (in ₹ crores)
-0.1293
-
-
Net Cash Flow from/(Used in) Financing Activities (in ₹ crores)
0.8504
-
-
Cash and Cash Equivalents at the End of the Year (in ₹ crores)
0.0928
-
-

Visit the Registrar’s Website

  • Visit the official website of Bigshare Services Pvt Ltd
  • Choose IPO Allotment Status from ‘Services’
  • Click on any one of the servers
  • Choose ‘Company Name’ from dropdown
  • Enter either your application number, CAF number or beneficiary ID
  • Enter captcha and click on ‘Submit’ to know the status

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

  • Choose the Issue Type
  • Select the Issue Name from dropdown
  • Put in either your application number or PAN number
  • Check the box ‘I’m not a robot’
  • Click on ‘Search’ to know allotment status
  • Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

Company NameBidding Dates
16 Sep - 18 Sep'25
17 Sep - 19 Sep'25
17 Sep - 19 Sep'25
18 Sep - 22 Sep'25
18 Sep - 22 Sep'25

Vashishtha Luxury Fashion IPO FAQs

Vashishtha Luxury Fashion IPO will be allotted on 2025-09-11.

Vashishtha Luxury Fashion will list on 2025-09-15.

8.87 is the issue size of Vashishtha Luxury Fashion IPO.

The minimum lot size is 1200 shares and the investment required is ₹133200.

The price band of Vashishtha Luxury Fashion IPO is ₹109 to ₹111.

You can read more about Vashishtha Luxury Fashion and its IPO from the company’s red herring prospectus (RHP) here.

The IPO of Vashishtha Luxury Fashion Ltd comprises up to 7,99,200 equity shares. There’s no offer for sale in the IPO.

The IPO opens on September 5, 2025 and closes on September 10, 2025.

You can get more information about the IPO of Vashishtha Luxury Fashion Ltd from the company’s red herring prospectus here.

Company NameBidding Dates
16 Sep - 18 Sep'25
17 Sep - 19 Sep'25
17 Sep - 19 Sep'25
18 Sep - 22 Sep'25
18 Sep - 22 Sep'25
Apply for Vashishtha Luxury Fashion IPO
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Apply for Vashishtha Luxury Fashion IPO
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