Vashishtha Luxury Fashion IPO Subscription Status

Vashishtha Luxury Fashion IPO closed with a subscription of 2.18 times overall by 5:00 PM on 10 September 2025, the final day of bidding.

• Qualified Institutional Buyers (QIB): 1.27x
• Non-Institutional Investors (NII): 2.47x
• Retail Individual Investors (RII): 2.16x

The company received bids for 16,51,200 shares against the total issue size of 7,58,400 shares, reflecting strong investor demand.

Day-wise subscription details:

• Day 4 (Final Day): 2.18x
• Day 3: 1.12x
• Day 2: 0.18x
• Day 1: 0.08x

The consistent rise in demand highlights increased investor confidence as the issue progressed.

Company Overview

Vashishtha Luxury Fashion Limited, incorporated in 2010, is a premium fashion exporter specializing in high-fashion hand embroidery, accessories, and finished garments. The company caters to leading fashion houses and designers across Europe, the UK, the USA, Australia, and Turkey.

It focuses on customized apparel design for both couture and ready-to-wear (prêt-à-porter) collections, blending traditional craftsmanship with contemporary trends.

Product Portfolio Includes:

• Clothing: Exclusive garments featuring innovative embroidery, intricate designs, and unique fabrics.
• Accessories: Headbands, handbags, earrings, brooches, and footwear designed to complement high-end fashion.
• Embroidery & Textile Services: Computerized threadwork, sequin embellishments, and digital printing for international fashion labels.

The company operates a dedicated sample unit in Mumbai through its subsidiary Vashishtha Embroidery Private Limited, ensuring quality prototypes for global clients. As of 30 September 2024, the company employed 26 skilled professionals, covering design, production, and quality control.

Financial Performance

Vashishtha Luxury Fashion has shown robust growth:

• Revenue: ₹10.88 crores in FY 2025 vs. ₹7.45 crores in FY 2024
• Net Profit: ₹1.42 crores in FY 2025 vs. ₹0.32 crores in FY 2024

The company has also focused on cost efficiency and higher-margin segments, contributing to a sharp increase in profitability year-over-year.

IPO Grey Market Premium (GMP)

As of Tuesday, 10 September 2025, the grey market premium (GMP) stood at ₹6 per share.
This indicates the IPO was trading at ₹117, reflecting a ₹6 premium over the issue price of ₹111, suggesting moderate positive sentiment among grey market investors.