Incorporated in 2010, Vashishtha Luxury Fashion Limited exports high‑fashion hand‑embroidery work, accessories, and finished garments to global brands across Europe, the UK, USA, Australia, and Turkey. The company also runs a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, serving couture and prêt‑à‑porter segments.
Vashishtha Luxury Fashion IPO
BSE SME book-built issue (Fresh)
UPCOMING IPOVashishtha Luxury Fashion plans to raise ₹8.87 crore through a 100% fresh issue of approximately 7,99,200 equity shares. The offer opens on September 5, 2025 and closes on September 10, 2025, with allotment expected on September 11 and listing proposed on BSE SME on September 15, 2025. The price band is ₹109 to ₹111 per share; SME retail minimum is 2 lots of 1,200 shares each, i.e., 2,400 shares for ₹2,66,400.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹109 to ₹111 per share |
| Offer Structure | Fresh Capital (100%) |
| Total Shares | 7,99,200 shares (aggregating up to ₹8.87 crore) |
| Reserved for Market Maker | 40,800 shares (approx. ₹0.45 crore) |
| Net Offer to Public | 7,58,400 shares (approx. ₹8.42 crore) |
| Issue Type | Book-building SME IPO |
| Listing | BSE SME |
| Shareholding (Pre / Post) | 15,57,558 / 23,56,758 shares |
| Market Maker | Nirman Share Brokers Pvt. Ltd. |
| Lead Manager | Expert Global Consultants Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 40,800 (5.11%) |
| QIB | 75,600 (9.46%) |
| NII (HNI) | 2,65,200 (33.18%) |
| Retail (RII) | 4,17,600 (52.25%) |
| Total | 7,99,200 (100.00%) |
| IPO Open | Fri, Sep 5, 2025 |
|---|---|
| IPO Close | Wed, Sep 10, 2025 |
| Allotment (Tentative) | Thu, Sep 11, 2025 |
| Refunds Initiation | Fri, Sep 12, 2025 |
| Credit to Demat | Fri, Sep 12, 2025 |
| Listing (Tentative) | Mon, Sep 15, 2025 |
| UPI Mandate Cut‑off | 5 PM on Sep 10, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,66,400 |
| 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 |
Incorporated in 2010, Vashishtha Luxury Fashion Limited exports high‑fashion hand‑embroidery work, accessories, and finished garments to global brands across Europe, the UK, USA, Australia, and Turkey. The company also runs a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, serving couture and prêt‑à‑porter segments.
Promoters: Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya, and Ms. Archana Odiya. Promoter holding: 100.00% pre‑issue; 66.08% post‑issue.
Summary (₹ crore)
| 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 & Surplus | 3.08 | 0.67 | 0.36 |
| Total Borrowings | 2.07 | 3.26 | 3.44 |
Source: Red Herring Prospectus dated August 29, 2025 and aligned SME summaries for schedule and lot terms.