Vashishtha Luxury Fashion IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 05 to Sep 10 2025
Price Band
₹109 - 111
Current GMP
₹8(7.21%)
Subscription
2.18 times
IPO Details
| IPO Date | September 5, 2025 to September 10, 2025 |
| Listing Date | September 15, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹109 to ₹111 per share |
| Issue Price Final | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,99,200 shares (aggregating up to ₹8.87 Cr) |
| Reserved for Market Maker | 40,800 shares (aggregating up to ₹0.4529 Cr)Nirman Share Brokers Pvt.Ltd. |
| Net Offered to Public | 7,58,400 shares (aggregating up to ₹8.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,57,558 shares |
| Share Holding Post Issue | 23,56,758 shares |
IPO Date
September 5, 2025 to September 10, 2025
Listing Date
September 15, 2025
Face Value
₹10 per share
Issue Price Band
₹109 to ₹111 per share
Issue Price Final
₹111 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Total Issue Size
7,99,200 shares (aggregating up to ₹8.87 Cr)
Reserved for Market Maker
40,800 shares (aggregating up to ₹0.4529 Cr)Nirman Share Brokers Pvt.Ltd.
Net Offered to Public
7,58,400 shares (aggregating up to ₹8.42 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
15,57,558 shares
Share Holding Post Issue
23,56,758 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.27 |
| Non-Institutional Buyers*** | 2.47 |
| bNII (bids above ₹10L) | 2.63 |
| sNII (bids below ₹10L) | 2.16 |
| Individual Investors (IND category bidding for 2 Lots) | 2.16 |
| Total ** | 2.18 |
Market Maker
1
QIB (Ex Anchor)
1.27
Non-Institutional Buyers***
2.47
bNII (bids above ₹10L)
2.63
sNII (bids below ₹10L)
2.16
Individual Investors (IND category bidding for 2 Lots)
2.16
Total **
2.18
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 5, 2025 | 0.00 | 0.01 | 0.00 | 0.04 | 0.13 | 0.08 |
| Day 2 Sep 8, 2025 | 0.00 | 0.00 | 0.20 | 0.08 | 0.32 | 0.18 |
| Day 3 Sep 9, 2025 | 1.00 | 1.09 | 1.08 | 1.09 | 1.16 | 1.12 |
| Day 4 Sep 10, 2025 | 1.27 | 2.47 | 2.63 | 2.16 | 2.16 | 2.18 |
DayDay 1
Sep 5, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.00
NII (< ₹10L)0.04
Individual Investors0.13
Total0.08
DayDay 2
Sep 8, 2025
QIB (Ex Anchor)0.00
NII*0.00
NII (> ₹10L)0.20
NII (< ₹10L)0.08
Individual Investors0.32
Total0.18
DayDay 3
Sep 9, 2025
QIB (Ex Anchor)1.00
NII*1.09
NII (> ₹10L)1.08
NII (< ₹10L)1.09
Individual Investors1.16
Total1.12
DayDay 4
Sep 10, 2025
QIB (Ex Anchor)1.27
NII*2.47
NII (> ₹10L)2.63
NII (< ₹10L)2.16
Individual Investors2.16
Total2.18
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-09-2025 | 111.00 | 8(7.21%) | 119 |
| 14-09-2025 | 111.00 | 8(7.21%) | 119 |
| 13-09-2025 | 111.00 | 8(7.21%) | 119 |
| 12-09-2025 | 111.00 | 2(1.80%) | 113 |
| 11-09-2025 | 111.00 | 0(0.00%) | 111 |
| 10-09-2025 | 111.00 | 0(0.00%) | 111 |
| 09-09-2025 | 111.00 | 0(0.00%) | 111 |
| 08-09-2025 | 111.00 | 0(0.00%) | 111 |
| 07-09-2025 | 111.00 | 0(0.00%) | 111 |
| 06-09-2025 | 111.00 | 0(0.00%) | 111 |
| 05-09-2025 | 111.00 | 0(0.00%) | 111 |
| 04-09-2025 | 111.00 | 0(0.00%) | 111 |
| 03-09-2025 | 111.00 | 0(0.00%) | 111 |
| 02-09-2025 | 111.00 | 0(0.00%) | 111 |
| 01-09-2025 | 111.00 | 0(0.00%) | 111 |
| 31-08-2025 | 111.00 | 0(0.00%) | 111 |
| 30-08-2025 | 111.00 | 0(0.00%) | 111 |
Date15-09-2025
Price111.00
GMP8(7.21%)
Estimate List Price119
Date14-09-2025
Price111.00
GMP8(7.21%)
Estimate List Price119
Date13-09-2025
Price111.00
GMP8(7.21%)
Estimate List Price119
Date12-09-2025
Price111.00
GMP2(1.80%)
Estimate List Price113
Date11-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date10-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date09-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date08-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date07-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date06-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date05-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date04-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date03-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date02-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date01-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date31-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date30-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
IPO Important Dates
| IPO Open Date | Fri, Sep 5, 2025 |
| IPO Close Date | Wed, Sep 10, 2025 |
| Tentative Allotment | Thu, Sep 11, 2025 |
| Initiation of Refunds | Fri, Sep 12, 2025 |
| Credit of Shares to Demat | Fri, Sep 12, 2025 |
| Tentative Listing Date | Mon, Sep 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 10, 2025 |
IPO Open Date
Fri, Sep 5, 2025
IPO Close Date
Wed, Sep 10, 2025
Tentative Allotment
Thu, Sep 11, 2025
Initiation of Refunds
Fri, Sep 12, 2025
Credit of Shares to Demat
Fri, Sep 12, 2025
Tentative Listing Date
Mon, Sep 15, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Sep 10, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,66,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,66,400
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,99,600
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹9,32,400
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,65,600
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 9.00 | 7.89 | 7.41 |
| Total Income | 10.88 | 7.45 | 6.86 |
| Profit After Tax | 1.42 | 0.32 | 1.05 |
| EBITDA | 2.07 | 0.73 | 1.27 |
| Net Worth | 4.64 | 1.78 | 1.47 |
| Reserves and Surplus | 3.08 | 0.67 | 0.36 |
| Total Borrowing | 2.07 | 3.26 | 3.44 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20259.00
31 Mar 20247.89
31 Mar 20237.41
Period EndedTotal Income
31 Mar 202510.88
31 Mar 20247.45
31 Mar 20236.86
Period EndedProfit After Tax
31 Mar 20251.42
31 Mar 20240.32
31 Mar 20231.05
Period EndedEBITDA
31 Mar 20252.07
31 Mar 20240.73
31 Mar 20231.27
Period EndedNet Worth
31 Mar 20254.64
31 Mar 20241.78
31 Mar 20231.47
Period EndedReserves and Surplus
31 Mar 20253.08
31 Mar 20240.67
31 Mar 20230.36
Period EndedTotal Borrowing
31 Mar 20252.07
31 Mar 20243.26
31 Mar 20233.44
IPO Reservation
| Market Maker Shares Offered | 40,800 (5.11%) |
| QIB Shares Offered | 75,600 (9.46%) |
| NII (HNI) Shares Offered | 2,65,200 (33.18%) |
| − bNII > ₹10L | 1,76,400 (22.07%) |
| − sNII < ₹10L | 88,800 (11.11%) |
| Retail Shares Offered | 4,17,600 (52.25%) |
| Total Shares Offered | 7,99,200 (100.00%) |
Market Maker Shares Offered
40,800 (5.11%)
QIB Shares Offered
75,600 (9.46%)
NII (HNI) Shares Offered
2,65,200 (33.18%)
− bNII > ₹10L
1,76,400 (22.07%)
− sNII < ₹10L
88,800 (11.11%)
Retail Shares Offered
4,17,600 (52.25%)
Total Shares Offered
7,99,200 (100.00%)
Information about company
Incorporated in 2010, Vashishtha Luxury Fashion Limited is engaged in the business of exporting high fashion hand embroidery work, accessories & finished garments.
The company is a 100% Export House serving fashion brands in Europe, the UK, USA, Australia, and Turkey, offering customized apparel designs for couture and prêt-à-porter segments.
The company runs a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited,
Product Portfolio:
Clothing:The company creates impactful, artistic garments with innovative embroidery, unique materials, and designs that celebrate individuality, craftsmanship, and creative self-expression.
Clothing accessories: The company designs unique accessories—headbands, handbags, earrings, brooches, and footwear—blending embroidery, style, and premium materials for global clients.
Embroidery:The company offers hand-guided embroidery, computerised thread and sequin work, and digital printing—combining craftsmanship and technology to create intricate, vibrant, and customized textile designs for modern fashion.
As of July 31, 2025, the company has 21 employees.
Competitive Strengths:
Consistency in quality
Rich management experience and skilled team
Customer centric business model
Smooth flow of operations
Scalable business model
Objectives of IPO
The Company Vashishtha Luxury Fashion IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion
3.64
2
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
2.69
3
General Corporate Purposes
Disclaimer
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