Vashishtha Luxury Fashion IPO Witnesses Surge in Subscriptions on Day 2

Mumbai, September 8, 2025 : The SME Initial Public Offering of Vashishtha Luxury Fashion Limited IPO witnessed a stronger demand on the second day of subscription. Up to about 3:50 PM, the issue collected bids for 1,53,600 shares against the overall offer size of 7,99,200 shares, which reflects an overall subscription of 0.19 times. The company’s IPO opened on September 5, 2025, with a price band of ₹109–₹111 per share. The issue size is ₹8.87 crore, and the listing is scheduled for September 15, 2025 on BSE SME platform.

Vashishtha Luxury Fashion Limited is an Indian company that specialises in exporting high-fashion hand embroidery, accessories, and finished garments. It was originally founded as a partnership firm in 2010 and was later established as a limited company on September 6, 2022. Its headquarters are located in Mumbai, India.

Price-Wise Bidding

Investor demand was diverse across various price levels. At ₹109, bids were at 1,53,600 shares. At ₹110, bids were for 1,50,000 shares, while at ₹111, bids were at 1,45,200 shares, demonstrating strong interest throughout the price band.

NIIs Segment Subscribed While QIB Segment Remains Unsubscribed

With respect to investor subscriptions, the Qualified Institutional Buyers (QIBs) segment was left unsubscribed until the update. The Non-Institutional Investors (NIIs) segment subscribed 38,400 shares against 3,06,000 on offer, which is 0.13 times. Under NIIs, applications of ₹10 lakh and above were 34,800 shares (0.20 times), and those below ₹10 lakh were 3,600 shares (0.04 times).

The Retail Individual Investors (RIIs) segment saw better traction, with 1,15,200 bids compared to 4,17,600 shares allotted, at 0.28 times subscription. Total applications filed came in at 51, reflecting consistent retail interest in the issue.

IPO Expected To Gain More Traction

With only two days remaining for bidding, market observers expect subscription to gain further traction. This is particularly expected from retail investors and NIIs. The reception on the last day tends to witness greater strength in SME IPOs, and the positioning of the company in the luxury fashion domain could evoke greater interest from investors seeking niche consumption-driven bets.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations