Vashishtha Luxury Fashion IPO

About Vashishtha Luxury Fashion IPO

Vashishtha Luxury Fashion IPO is a book-built issue worth ₹8.87 crore. The IPO consists entirely of a fresh issue of 7.99 lakh equity shares. The IPO opens for subscription on September 5, 2025, and closes on September 10, 2025. The allotment is expected to be finalised on September 11, 2025, with tentative listing on the BSE SME platform scheduled for September 15, 2025.

The IPO is priced in a band of ₹109 – ₹111 per share. Retail investors must apply for a minimum of 2 lots comprising 2,400 shares, requiring an investment of ₹2,66,400 at the cutoff price. HNI investors must apply for a minimum of 3 lots (3,600 shares), amounting to ₹3,99,600.

Expert Global Consultants Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited is the registrar. Nirman Share Brokers Private Limited will act as the market maker.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Vashishtha Luxury Fashion IPO RHP.

Industry Outlook

1. India’s textile and apparel industry continues to be a cornerstone of the country’s export economy, with a rich heritage in craftsmanship and a growing reputation for high-value fashion services. The sector is undergoing a notable evolution, driven by increasing global demand for bespoke embroidery, couture garments, and artisanal accessories—areas where India holds a distinct competitive advantage.
2. Vashishtha Luxury Fashion Limited operates within the niche segment of high-fashion hand embroidery and customised garment exports, catering primarily to international designers, fashion houses, and boutiques across Europe, the United Kingdom, the United States, and Australia. This segment is characterised by low-volume, high-margin production, where quality, exclusivity, and design precision are paramount.
3. The global fashion industry’s shift towards sustainability and artisanal value has further bolstered demand for Indian embroidery and embellishment services. European and American fashion houses increasingly seek partners capable of delivering intricate craftsmanship at competitive costs, positioning Indian exporters favourably. Vashishtha’s focus on couture and prêt-à-porter brands aligns well with this trend, offering scope for long-term growth through strategic collaborations and design-led innovation.
4. Despite its promise, the industry remains fragmented, with competition from both organised exporters and unorganised job workers. Success in this space hinges on maintaining consistent quality, timely delivery, and the ability to adapt to rapidly changing fashion cycles. Moreover, the absence of formal long-term contracts and reliance on buy-order relationships necessitates strong client servicing and operational agility.

Vashishtha Luxury Fashion IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand its manufacturing capabilities by investing in the purchase of advanced embroidery machinery. This capital expenditure is aimed at reducing reliance on external job workers and its subsidiary, thereby enabling in-house production and enhancing operational control and product quality.
2. Repay or prepay certain outstanding borrowings to strengthen the company’s balance sheet and reduce interest obligations. This financial restructuring is expected to improve liquidity and support future growth initiatives.
3. Support general corporate purposes, including administrative expenses, working capital requirements, and strategic initiatives such as brand development and market expansion across international fashion hubs.
4. Facilitate public listing on the SME Platform of BSE Limited to enhance corporate visibility, improve governance standards, and foster investor confidence. The listing is expected to provide better access to capital markets and enable long-term growth through strategic collaborations with global fashion houses.

About Vashishtha Luxury Fashion Limited

Vashishtha Luxury Fashion Limited was originally established as a partnership firm under the name “Vashishtha Exports” on October 19, 2010. The firm was subsequently converted into a private limited company, Vashishtha Luxury Fashion Private Limited, on September 6, 2022, under the Companies Act, 2013. Following a special resolution passed by its shareholders, the company was reconstituted as a public limited entity and renamed Vashishtha Luxury Fashion Limited on May 8, 2023.

The company is engaged in the export of high-fashion hand embroidery, accessories, and finished garments. It has built a reputation as a reliable partner for international designers, fashion houses, and boutiques, particularly in Europe, the United Kingdom, the United States, and Australia. Vashishtha specialises in bespoke embroidery and couture services, catering to both prêt-à-porter and luxury fashion segments.

Operating from its registered office in Lower Parel, Mumbai, the company leverages its subsidiary, Vashishtha Embroideries Private Limited, and promoter-owned entity, Anas Embroideries, for manufacturing and sampling activities. Its business model is built around craftsmanship, design precision, and export-oriented production, with a focus on quality and client customisation.

Vashishtha’s strategic growth is underpinned by its commitment to expanding in-house manufacturing capabilities, reducing dependency on external job work, and enhancing operational efficiency. Through its proposed listing on the SME Platform of BSE Limited, the company aims to strengthen its corporate governance, improve visibility, and unlock future opportunities for collaboration with global fashion brands.

How To Check the Allotment Status of the Vashishtha Luxury Fashion IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Vashishtha Luxury Fashion IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Vashishtha Luxury Fashion IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Vashishtha Luxury Fashion IPO

Registered Office: 307 and 308, Sun Industrial Estate, Sun Mill Compound, Lower Parel West, Delisle Road, Mumbai – 400013, Maharashtra, India.

Phone: +91 22 4972 3618
E-mail: cs@vashishthaluxuryfashion.com

Vashishtha Luxury Fashion IPO Reservation

Vashishtha Luxury Fashion IPO Lot Size

Vashishtha Luxury Fashion IPO Promoter Holding

The promoters of the company are Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya and Ms. Archana Odiya.

Key Performance Indicators for Vashishtha Luxury Fashion IPO

The market capitalisation of Vashishtha Luxury Fashion IPO is ₹26.16 Cr. Here are the KPIs of Vashishtha Luxury Fashion:

Vashishtha Luxury Fashion IPO Prospectus

• Vashishtha Luxury Fashion IPO DRHP
• Vashishtha Luxury Fashion IPO RHP

Vashishtha Luxury Fashion IPO Registrar and Lead Managers

Vashishtha Luxury Fashion IPO Lead Managers

• Expert Global Consultants Private Limited

Registrar for Vashishtha Luxury Fashion IPO

Bigshare Services Private Limited

• Contact Number: +91 22 6263 8200
• Email Address: ipo@bigshareonline.com

Vashishtha Luxury Fashion IPO Registrar