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Vashishtha Luxury Fashion IPO
Price Band
₹109.0–111.0
Issue Size
₹8.87 Cr
Lot Size
1,200 shares
Min Investment
₹266,400
2 LOTS MIN
GMP
+₹8.0 (7.21%)
Issue Price
₹111.0
Subject to Sauda
₹7300
Paid only if allotted
Vashishtha Luxury Fashion IPO AI Summary
- Vashishtha Luxury Fashion IPO is listed on BSE SME in the Garments & Apparels sector.
- Price band: ₹109.0–₹111.0 per share, lot size 1,200 shares (min. investment ₹266,400, 2 lots minimum).
- Subscription window: 05 Sep–10 Sep 2025, listing on 15 Sep 2025.
- Current GMP is +₹8.0 (7.21%), an estimated listing price of ₹119 — unofficial and can change daily.
Vashishtha Luxury Fashion Limited is an SME engaged in exporting high fashion garments and accessories, with a focus on quality and customization. The company has shown growth in revenue and profit over the past few years, and is planning to use IPO proceeds to enhance its operations and reduce debt.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Vashishtha Luxury Fashion IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Vashishtha Luxury Fashion IPO Grey Market Premium (GMP) Today
GMP
+₹8.0
GMP %
+7.21%
Est. Listing
₹119.0
Updated: 25 Jul 2026 14:12
About the 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
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹9.14
NAV
₹33.85
ROE
28.28%
ROCE
31.43%
RoNW
64.49%
P/B Value
6.95
P/E Ratio
12.14
Market Cap
₹26.16 Cr
PAT Margin
14.14%
Debt/Equity
0.34
Promoters
Ravindra Dhareshivkar, Mustak Odiya and Archana Odiya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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 1.32 4 Issue Expenses 1.22 Total 8.87
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹6.86 Cr in the year ending 31 Mar 2023, rising to ₹7.45 Cr by 31 Mar 2024, and further increasing to ₹10.88 Cr by 31 Mar 2025. This shows a consistent upward trend in total income over the periods.
Profit Trend
Profit After Tax was ₹1.05 Cr in the year ending 31 Mar 2023, which increased to ₹0.32 Cr by 31 Mar 2024, and then significantly rose to ₹1.42 Cr by 31 Mar 2025. This indicates a positive trend in profitability, particularly in the most recent period.
Valuation
At the issue price of ₹111.0, the implied P/E ratio is 12.14 times earnings. This is compared to peers in the sector, though specific peer P/E data is not provided.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid IPOs like this, as they can be subject to significant price fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on September 5, 2025, and closes on September 10, 2025. Allotment of shares will be announced on September 11, 2025, with the listing date set for September 15, 2025.
Listing Gains — The Risk
Listing gains are the profits made when an IPO lists at a price higher than the issue price. However, there are risks involved, as the stock price can also decline after listing due to market volatility and investor sentiment.
This evaluation is generated from Vashishtha Luxury Fashion's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Vashishtha Luxury Fashion IPO GMP today?
Vashishtha Luxury Fashion IPO GMP today is +₹8.0 (7.21%), indicating an estimated listing price of ₹119. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Vashishtha Luxury Fashion IPO?
The price band of Vashishtha Luxury Fashion IPO is ₹109.0–₹111.0 per share.
When does Vashishtha Luxury Fashion IPO open and close?
Vashishtha Luxury Fashion IPO opens on 05 September 2025 and closes on 10 September 2025.
When does Vashishtha Luxury Fashion IPO list on the stock exchange?
Vashishtha Luxury Fashion IPO listed on 15 September 2025 at ₹119.0.
What is the lot size for Vashishtha Luxury Fashion IPO?
The lot size for Vashishtha Luxury Fashion IPO is 1200 shares, requiring a minimum investment of ₹266,400 (2 lots).
What is the lot size for this IPO?
The lot size for Vashishtha Luxury Fashion's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹266,400.
What is the price band for this IPO?
The price band for the IPO is between ₹109.0 and ₹111.0.
When is the listing date for this IPO?
The listing date for the IPO is September 15, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Sep 2025
Close
10 Sep 2025
Allotment
11 Sep 2025
Listing
15 Sep 2025
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