Vashishtha Luxury Fashion Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹111
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,33,200
Issue Size
₹8.87 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
55.07%
QIB Quota
9.96%
NII Quota
34.97%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vashishtha Luxury Fashion Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
66.09%
Issue Type
Book Building - SME
ISIN
INE0WRP01016
About the Company
Incorporated in the year 2010 as a partnership firm, our Company, Vashishtha Luxury Fashion Limited, is engaged in the business of exporting high fashion hand embroidery, accessories & finished garments. Vashishtha Luxury Fashion Limited is a reliable name amongst International Designers, Fashion Houses & Boutiques. It is majorly engaged in the business of exporting to various brands and Fashion Houses; however, it also caters services in customized designs as requested by clients in textile and apparel industry. Since beginning, it has provided services to many Couture and prêt-à-porter brands from Europe, UK, USA, Australia and European countries.
Industry Overview
Strong economic growth in the first quarter of FY23 helped India overcome the UK to become the fifth-largest economy after it recovered from the COVID-19 pandemic shock. Nominal GDP or GDP at Current Prices in the year 2023-24 is estimated at Rs. 295.36 lakh crores (US$ 3.54 trillion), against the First Revised Estimates (FRE) of GDP for the year 2022-23 of Rs. 269.50 lakh crores (US$ 3.23 trillion). The growth in nominal GDP during 2023-24 is estimated at 9.6% as compared to 14.2% in 2022-23. Strong domestic demand for consumption and investment, along with Government's continued emphasis on capital expenditure are seen as among the key driver of the GDP in the second half of FY24. During the period April-June 2025, India's exports stood at US$ 109.11 billion, with Engineering Goods (25.35%), Petroleum Products (18.33%) and electronic goods (7.73%) being the top three exported commodity. Rising employment and increasing private consumption, supported by rising consumer sentiment, will support GDP growth in the coming months.
Company History
Vashishtha Luxury Fashion Limited, our Company was originally formed as a Partnership Firm in the name and style of "Vashishtha Exports" pursuant to Deed of Partnership dated February 17, 2010. Vashishtha Exports was thereafter converted from Partnership Firm into a Private Limited Company under Part I chapter XXI of the Companies Act, 2013 in the name of "Vashishtha Luxury Fashion Private Limited" and received Certificate of Incorporation issued by Registrar of Companies, Central Registration Centre dated September 6, 2022. Subsequently, pursuant to a special resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on March 10, 2023 the name of our Company was changed to "Vashishtha Luxury Fashion Limited" and a fresh certificate of incorporation dated May 8, 2023 was issued to our Company by the Registrar of Companies, Maharashtra, Mumbai. The corporate identification number of our Company is U17100MH2022PLC389963.
Products & Services
- Vashishtha Luxury Fashion Limited is engaged in the business of exporting high fashion hand embroidery, accessories & finished garments.
Growth Strategy
- Focus on increase in volume of sales.
- Creativity and trending designer idea.
- Reduction of operational costs and achieving efficiency.
- Quality assurance.
- Leverage and enhance our goodwill in the market.
- Enhance customer base by entering new geographies to establish long-term relationships.
- To build-up a professional organization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 7,99,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Vashishtha Luxury Fashion Limited ("Our Company" or "the Issuer") at an issue price of Rs. 111 per equity share (including share premium of Rs.101 per equity share) for cash, aggregating up to Rs.8.87 crores ("Public Issue") out of which 40,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating Rs.0.45 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 7,58,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating up to Rs. 8.41 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 33.91% and 32.20% respectively of the post- issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Consistency in Quality.
- Rich Management Experience and Skilled Team.
- Customer Centric Business Model.
- Smooth Flow of Operations.
- Scalable Business Model.
- The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for investors to evaluate its business and prospects.
- Incomplete regulatory and other compliance during transition from Partnership Firm to a Company which can affect overall aspects of the Company.
- The company relies heavily on its subsidiary, Vashishtha Embroidery Private Limited, and the Promoter Group Entity, Anas Embroidery, for all manufacturing-related activities.
- The Company's subsidiary Vashishtha Embroidery Private Limited and Promoter Group Entity Anas Embroidery does not possess quality control certification from any recognized authority.
- There have been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.