₹1,33,200 / 1200 shares
Issue Date
05 Sep - 10 Sep'25
Investment/lot
₹1,33,200
Price Range
₹109 - ₹111
Lot Size
1200
IPO Size
₹8.87 Cr
Listing On
15 Sep'25
Issue Price
₹111
Listed Price
₹ 118
Retail Gain/Listing Gain
▲6.31%
Start date
05/09/2025
End date
10/09/2025
Allotment of bids
11/09/2025
Refund Initiation
Listing on exchange
15/09/2025
Day | Total | QIB | Retail | NII |
---|---|---|---|---|
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 |
Category | Subscription Rate |
---|---|
Non-Institutional (HNI) | 2.62x |
Qualified Institutions | 1.27x |
Retail | 2.15x |
Total Subscription | 2.11x |
Application | Lots | Shares | Amount |
---|---|---|---|
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
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.
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
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
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:
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.
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.