Vashishtha Luxury Fashion IPO Subscription Status

Vashishtha Luxury Fashion IPO was subscribed 0.18 times on the second day, September 8, 2025, by 5:00 PM.

The subscription details show that the QIB portion remained unsubscribed, the NII portion also stood at 0.00 times, while the Retail Investors’ portion was subscribed 0.32 times. Overall, the company received bids for 1,33,200 shares against 7,58,400 shares on offer by the end of day two.

On day one, the IPO was subscribed 0.08 times.

About Vashishtha Luxury Fashion Limited

Established in 2010, Vashishtha Luxury Fashion Limited is engaged in exporting high-fashion hand embroidery work, accessories, and finished garments. The company supplies to international markets including Europe, the UK, the USA, Australia, and Turkey. It specializes in providing customized apparel designs for both couture and ready-to-wear (prêt-à-porter) segments.

Its product portfolio includes:

• Clothing: innovative embroidery, unique fabrics, and creative designs.
• Accessories: headbands, handbags, earrings, brooches, and footwear.
• Embroidery: computerized thread work, sequin work, and digital printing.

The company operates a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, and employed 26 staff members as of September 30, 2024.

Vashishtha Luxury Fashion Financial Performance

In FY 2025, the company reported revenue of ₹10.88 crores, compared to ₹7.45 crores in FY 2024. Net profit increased to ₹1.42 crores in 2025, up from ₹0.32 crores in 2024.

Vashishtha Luxury Fashion IPO GMP

As of Monday, September 8, 2025, the Grey Market Premium (GMP) stood at ₹0. This indicates that the IPO was trading at ₹111 in the grey market, equal to its issue price of ₹111.