Vashishtha Luxury Fashion IPO Subscription Status

Vashishtha Luxury Fashion IPO witnessed a lukewarm response on the first day of subscription (5 September 2025), with the issue subscribed 0.08 times till 5:00 PM.

• QIB (Qualified Institutional Buyers): 0.00x
• NII (Non-Institutional Investors): 0.01x
• RII (Retail Individual Investors): 0.13x

The company received bids for 58,800 shares against the 7,58,400 shares on offer. Overall, the IPO recorded 0.08x subscription on Day 1, reflecting a modest start.

About Vashishtha Luxury Fashion Limited

Established in 2010, Vashishtha Luxury Fashion Limited is recognized as a premium player in export-oriented high-fashion embroidery, luxury garments, and accessories. The company specializes in customized couture and prêt-à-porter (ready-to-wear) designs that combine modern trends with traditional craftsmanship.

Its products are widely exported to Europe, the UK, the USA, Australia, and Turkey, catering to global luxury fashion houses and high-end boutiques.

Product Portfolio includes:

• Clothing: High-end apparel with innovative embroidery, exclusive fabrics, and unique designs.
• Accessories: Includes headbands, handbags, earrings, brooches, and footwear crafted with luxury appeal.
• Embroidery & Digital Work: Advanced computerized thread and sequin embroidery, hand embellishments, and digital printing techniques.

The company operates a sample and design development unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited. As of 30 September 2024, the company had 26 employees across various departments, including design, production, quality control, and international business.

In addition, the company is steadily building partnerships with luxury brands and international fashion houses, strengthening its reputation as a trusted outsourcing partner for global fashion labels.

Vashishtha Luxury Fashion Financial Performance

• Revenue: ₹10.88 crores in FY 2025 compared to ₹7.45 crores in FY 2024 (46% YoY growth).
• Profit After Tax (PAT): ₹1.42 crores in FY 2025 against ₹0.32 crores in FY 2024 (over 340% growth).
• The company has maintained consistent revenue growth over the past three years, driven by expansion into new international markets and growing demand for luxury fashion exports.

Vashishtha Luxury Fashion IPO GMP (Grey Market Premium)

As of Friday, 5 September 2025, the GMP (Grey Market Premium) for Vashishtha Luxury Fashion IPO stood at ₹0, meaning the IPO is trading at ₹111 (issue price) with no premium in the grey market.

Market experts believe investor sentiment could improve in the coming days depending on subscription momentum, industry outlook, and post-listing demand for luxury fashion exports.