Vashishtha Luxury Fashion IPO Opens September 5: Know The Key Details About The IPO

Mumbai, September 3: The Initial Public Offering (IPO) of Vashishtha Luxury Fashion Limited is set to launch on September 5, 2025. This comes after the company announced that it has filed its Red Herring Prospectus (RHP) with BSE SME for the upcoming IPO.

Vashishtha Luxury Fashion Limited is an Indian company that is engaged in exporting high-fashion hand embroidery, accessories, and finished garments. It was originally founded in 2010 as a partnership but in September, 2022 incorporated as a limited company.

100% Book Built Issue With ₹109 – ₹111 Per Share Price Band

Vashishtha Luxury Fashion IPO of Vashishtha Luxury Fashion Limited is a 100% Book Built Issue and is an SME IPO. The issue includes a fresh issue of up to 7,99,200 equity shares of face value ₹10 each, with no offer for sale element. The company has set ₹109 – ₹111 as the price band for the IPO, with the issue size of approximately ₹887.3 – ₹887.9 lakh.

The IPO window will remain open from September 5 to September 10, 2025, and the shares will list on BSE SME portal. Expert Global Consultants Pvt. Ltd. are the book running lead manager, while Bigshare Services Pvt. Ltd is the registrar for the issue.

Utilisation For Embroidery Machines And Repayment

The company wants to use the proceeds from the issue primarily for purchasing embroidery machines worth ₹363.72 lakh, along with repayment/prepayment of borrowings worth ₹269.46 lakh. Furthermore, the company will use the remaining funds for general corporate purposes and issue-related expenses.

Revenue At ₹1,063.60 Lakh With PAT At ₹153.32 Lakh

Revenue rose from ₹410.19 lakh in FY22 to ₹1,063.60 lakh in FY25. Profit after tax fell from ₹95.01 lakh in FY22 to ₹31.93 lakh in FY24, but rose to ₹153.32 lakh in FY25. Net worth increased from ₹46.84 lakh in FY22 to ₹475.47 lakh in FY25. Borrowings reduced from ₹318.23 lakh in FY22 to ₹181.38 lakh in FY25. EPS improved from ₹0.43 in FY22 to ₹10.92 in FY25, while NAV per share rose from ₹4.21 to ₹33.85 in the same period.

REF:

https://www.expertglobal.in/wp-content/uploads/2024/10/VASHISHTHA-LUXURY-FASHION-LIMITED-DRHP.pdf

https://www.expertglobal.in/wp-content/uploads/2025/08/VASHISHTHA-LUXURY-FASHION-LIMITED-Addendum.pdf

https://www.expertglobal.in/wp-content/uploads/2025/08/vashishtha-RHP.pdf

https://www.expertglobal.in/wp-content/uploads/2025/08/vashishtha-Preissue-ads.pdf

https://www.expertglobal.in/wp-content/uploads/2025/08/Basis-for-Issue-Price.pdf

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