Vashishtha Luxury Fashion IPO
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Schedule of Vashishtha Luxury Fashion
| Issue open date | 05 Sep 2025 |
| Issue close date | 10 Sep 2025 |
| UPI mandate deadline | 10 Sep 2025 (5 PM) |
| Allotment finalization | 11 Sep 2025 |
| Refund initiation | 12 Sep 2025 |
| Share credit | 14 Sep 2025 |
| Listing date | 15 Sep 2025 |
| Mandate end date | 25 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 11 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 11 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Vashishtha Luxury Fashion
Vashishtha Luxury Fashion is engaged in exporting high fashion hand embroidery work, accessories and finished garments to international markets including Europe, UK, USA, Australia and Turkey. The company operates as a 100% export house, serving couture and prêt-à-porter brands with customised designs in the apparel segment. Founded originally as Vashishtha Exports in 2010, the company was incorporated as a limited company in 2022 and employs 26 staff members with 90 skilled embroidery workers on contractual basis.
Financials of Vashishtha Luxury Fashion
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹8.87 crores |
| Fresh Issue | ₹8.87 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure requirement towards purchase of Embroidery Machines for expansion | 3.64 (41%) |
| Prepayment or repayment of all or portion of certain outstanding borrowings | 2.69 (30.32%) |
| General corporate purposes and miscellaneous | 2.54 (28.63%) |
Strengths
- Consistency in quality through standardised processes and skilled craftsmanship ensuring reliable output
- Rich management experience and skilled team with over a decade of industry expertise
- Customer centric business model focused on customised designs and long-term client relationships
- Smooth flow of operations with integrated production facilities and efficient workflow management
- Scalable business model with capacity to expand production and serve growing international demand
Risks
- Business is subject to seasonality with lower revenues during festive periods adversely affecting operations
- Heavy dependence on few customers making the company vulnerable to loss of major clients
- Concentration risk with significant revenue from specific countries affecting business stability
- Outstanding unsecured loans of ₹27.99 lakhs as of March 2025 that can be recalled anytime
- Currency fluctuation risks due to 100% export orientation impacting profitability
Allotment Status for Vashishtha Luxury Fashion
To check your allotment status – click here.
Subscription Figures for Vashishtha Luxury Fashion
As per media reports (Link), the Grey Market Premium (GMP) of Vashishtha Luxury Fashion is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 05, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.75 | 0 | 0.00x |
| NII | 2.65 | 0.03 | 0.01x |
| Retail | 4.17 | 0.55 | 0.13x |
| Total | 7.58 | 0.58 | 0.08x |