Vashishtha Luxury Fashion IPO Subscription Status

• The Vashishtha Luxury Fashion IPO was subscribed 1.12 times on the third day (till 5:00 PM on September 9, 2025).
• Subscription breakdown:
  • QIB (Qualified Institutional Buyers): 1.00x
  • NII (Non-Institutional Investors): 1.09x
  • RII (Retail Individual Investors): 1.16x
• The company received 8,46,000 bids against 7,58,400 shares offered on the third day.
• Day-wise subscription:
  • Day 1: 0.08x
  • Day 2: 0.18x
  • Day 3: 1.12x

About the Company

• Founded in 2010, Vashishtha Luxury Fashion Limited is a leading exporter of high-fashion hand embroidery, accessories, and garments.
• The company supplies to international markets including Europe, the UK, the USA, Australia, and Turkey.
• It provides customized apparel designs for both couture and ready-to-wear (prêt-à-porter) segments.
• Product Portfolio:
  • Clothing: innovative embroidery, unique fabrics, and designs
  • Accessories: headbands, handbags, earrings, brooches, footwear
  • Embroidery: computerized thread work, sequin work, digital printing
• Operates a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited.
• As of September 30, 2024, the company employed 26 staff members.

Financial Highlights

• Revenue: ₹10.88 crore (2025) vs. ₹7.45 crore (2024)
• Profit: ₹1.42 crore (2025) vs. ₹0.32 crore (2024)

IPO Grey Market Premium (GMP)

• As of September 9, 2025 (Tuesday), the IPO GMP was ₹0.
• This indicates that the IPO was trading at ₹111 in the grey market, the same as its issue price of ₹111, with no premium.