Vashishtha Luxury Fashion IPO Review, Details, Date, Price, Allotment & GMP
The SME (Small and Medium-sized Enterprise) segment of the Indian stock market continues to be a hotbed of activity, with new companies launching their IPOs to tap into public capital. The latest to join the list is Vashishtha Luxury Fashion Limited, a company specializing in high-fashion hand embroidery and garments. This blog post provides a detailed review of the Vashishtha Luxury Fashion IPO, covering the company's business, key IPO details, financials, and a market outlook to help you make an informed investment decision.
About Vashishtha Luxury Fashion
Founded in 2010, Vashishtha Luxury Fashion Ltd. is a Mumbai-based company primarily engaged in the export of high-end hand embroidery, accessories, and finished garments. The company serves a global client base, including luxury fashion houses and boutiques across Europe, the UK, the USA, Australia, and Turkey. It operates as a 100% export house, providing a wide range of services from intricate hand-guided embroidery to computerized thread and sequin work. The company's business model is focused on catering to both couture and prêt-à -porter (ready-to-wear) brands, with a strong emphasis on quality, craftsmanship, and timely delivery.
Vashishtha Luxury Fashion IPO Details
The Vashishtha Luxury Fashion IPO is a book-built issue with a total size of ₹8.87 crore. The entire issue is a fresh issue of 7.99 lakh equity shares, meaning all the proceeds will go directly to the company to fund its growth and strategic initiatives. The shares will be listed on the BSE SME platform, which is designed for smaller companies with high growth potential.
Objectives of the IPO
The company plans to utilize the net proceeds from the fresh issue for the following purposes:
- Funding capital expenditure for the purchase of advanced embroidery machines for expansion.
- Repaying or prepaying certain outstanding borrowings.
- General corporate purposes.
Vashishtha Luxury Fashion IPO Dates and Price
Here are the crucial dates and pricing details for the IPO:
Key Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 5, 2025 |
| IPO Close Date | September 10, 2025 |
| Basis of Allotment Finalization | September 11, 2025 (Tentative) |
| Initiation of Refunds | September 12, 2025 (Tentative) |
| Credit of Shares to Demat Account | September 14, 2025 (Tentative) |
| IPO Listing Date | September 15, 2025 (Tentative) |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹109 to ₹111 per equity share |
| Minimum Lot Size (Retail) | 1200 shares |
| Minimum Investment (Retail) | ₹1,33,200 (at the upper price band) |
Vashishtha Luxury Fashion IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) is an unofficial indicator of an IPO's demand in the unlisted market. As of the latest update, the GMP for Vashishtha Luxury Fashion IPO is reported to be zero (₹0). This suggests that the market does not anticipate any significant listing gains. While GMP is a volatile and unofficial metric, a zero GMP indicates a neutral sentiment and a potential listing at or very close to the issue price. It is crucial to remember that this should not be the sole basis for your investment decision. Investors should focus on the company's fundamentals and long-term growth prospects rather than short-term gains.
Vashishtha Luxury Fashion IPO Allotment Status
The allotment status is a key moment for all applicants. The registrar for this issue is Bigshare Services Private Limited. The allotment is expected to be finalized on September 11, 2025. You can check the status online on the registrar's website by using your PAN number or application number. The shares will be credited to the demat accounts of successful bidders, and refunds will be initiated for non-allottees on September 12, 2025.
Review and Financials
Vashishtha Luxury Fashion has shown significant financial growth. The company's revenue rose by 46% to ₹10.88 crore in FY25, and its Profit After Tax (PAT) jumped to ₹1.42 crore from ₹0.32 crore in the previous fiscal year. This impressive growth in profitability is a key highlight. However, investors should be aware of a few risks, including its status as a tiny-paid-up equity capital company, which may indicate a longer gestation period for migration to the main board. The company's financials, despite the recent growth, have shown erratic movements in the past. It also faces business concentration risks due to its dependence on a few key international clients. Despite these risks, the company's strong RoE (Return on Equity) and its focus on a niche, export-oriented market make it a compelling consideration for investors with a high-risk appetite.
Frequently Asked Questions (FAQs)
Vashishtha Luxury Fashion is a 100% export house specializing in high-fashion hand embroidery, finished garments, and accessories for international luxury brands.
The IPO is open for subscription from September 5, 2025, to September 10, 2025.
The price band is ₹109 to ₹111 per share. The minimum lot size for a retail investor is 1200 shares, requiring a minimum investment of ₹1,33,200.
The Grey Market Premium (GMP) for the IPO is currently reported at ₹0, suggesting a flat listing with no significant premium expected.
The allotment status is expected to be finalized on September 11, 2025. You can check it on the website of the registrar, Bigshare Services Private Limited, using your PAN or application number.
The shares are tentatively scheduled to be listed on the BSE SME platform on September 15, 2025.
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