Safecure IPO...
28 Oct, 2025
Vashishtha Luxury Fashion IPO
Vashishtha Luxury Fashion IPO is set to open on Sep 5, 2025 and close on Sep 10, 2025 with its price band set between ₹109.00 and ₹111.00 per share & a face value of ₹10 per share. The total size of the issue is ₹8.87 crores with an entire fresh issue of 0.08 crore shares worth ₹8.87 crore. The IPO will be listed on BSE SME with a tentative date on Sep 15, 2025.
Company Background
Vashishtha Luxury Fashion Limited, registered in the year 2010 is a Mumbai-based fashion company. The company works exclusively in hand and machine embroidery, garment production and accessories. Vashishtha serves a global customer base, including luxury fashion houses in Europe, UK, USA, Australia & Turkey and offers customized apparel designs for embroidery and ready made segments.
Operations & Product Range
Vashishtha Luxury Fashion Ltd. works as an inclusive luxury fashion solutions provider with specialties in high-quality hand and machine embroidery, digital and sublimation printing, crochet and macramé work and leather finishing. Vashishtha is known for its broad client base and serves luxury fashion houses across Europe, UK, USA, Australia and Turkey, delivering over 2,000 finished garments and accessories monthly from its advanced facility.
Facility & Production
Vashishtha Luxury Fashion Ltd. operates from a modern manufacturing facility that spans over 4,000 square feet. The company is equipped with advanced machinery and skilled artisans that support its luxury fashion production. The production process of Vashishtha Luxury Fashion Ltd. focuses on quality control, precision and sustainability.
Brands & Market Presence
Vashishtha Luxury Fashion Ltd. is known for a strong global presence by partnering with luxury fashion brands across Europe, UK, USA, Australia and Turkey. The company is known for its expertise in hand and machine embroidery & high-quality garments and accessories that have been featured in prestigious fashion events and magazines. The broad market presence, reputation across the globe & the qualitative work of the company have made Vashishtha a trusted supplier for renowned designers.
Revenue Channels
- Generates significant revenue from high-end hand and machine embroidery services for luxury fashion brands worldwide.
- Earns income through digital and sublimation printing on premium fabrics for customized garment production.
- Secures orders for intricately crafted accessories and molded fashion components tailored to designer specifications.
- Derives additional revenue from crochet, macramé and leather finishing services, enhancing the value of luxury apparel collections.
Management & Shareholding
Promoters & Shareholding
Vashishtha Luxury Fashion IPO has Mr. Ravindra Dhareshivkar and Mr. Mustak Odiya as promoters & directors, along with Ms. Archana Odiya, who also serves as a promoter. All the promoters together hold 100.00% of the pre-IPO capital, which will be reduced to 66.08% post-IPO capital.
Board Members
The Vashishtha Luxury Fashion IPO board has Mr. Ravindra Dilip Dhareshivkar as Managing Director & Mr. Mustak Basirbhai Odiya as Director, both being co-founders and promoters. The company also has Ms. Archana Mustak Odiya serving as a non-executive director, with Mr. Jaydeep Pravinchandra Sodha and Mr. Pratik Arvind Jain as independent professionals.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Vashishtha Luxury Fashion IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Vashishtha Luxury Fashion IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 5, 2025 to September 10, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹109 to ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Fresh Capital | 7,99,200 shares (aggregating up to ₹8.87 Cr) |
| Reserved for Market Maker | 40,800 shares (aggregating up to ₹0.4529 Cr) |
| Net Offered to Public | 7,58,400 shares (aggregating up to ₹8.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,57,558 shares |
| Share Holding Post Issue | 23,56,758 shares |
Vashishtha Luxury Fashion IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Sep 5, 2025 |
| IPO Close Date | Wed, Sep 10, 2025 |
| Tentative Allotment | Thu, Sep 11, 2025 |
| Initiation of Refunds | Fri, Sep 12, 2025 |
| Credit of Shares to Demat | Fri, Sep 12, 2025 |
| Tentative Listing Date | Mon, Sep 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2025 |
Vashishtha Luxury Fashion IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
Vashishtha Luxury Fashion IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 66.08% |
Competitive Strength:
- ● Delivers consistent product quality through stringent control measures and skilled craftsmanship.
- ● Led by a rich blend of experienced management and a highly skilled operational team.
- ● Follows a customer-centric approach focused on customization, quality and timely delivery.
- ● Maintains a seamless and integrated workflow from design to dispatch for operational efficiency.
- ● Operates a scalable business model designed to meet growing global fashion industry demands.
Vashishtha Luxury Fashion IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 7.89 | 7.45 | 0.32 | 1.78 | 3.26 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 7 | 7 | 1 | 1 | 3.44 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 7.03 | 4.24 | 1 | 1.05 | 3.18 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.95% |
| ROCE | 33.50% |
| Debt/Equity | 1.83 |
| RoNW | 19.66% |
| PAT Margin | 4.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Vashishtha Luxury Fashion IPO
- The company plans to utilize ₹30.36 crore to fund capital expenditure for the purchase of advanced embroidery machines aimed at expanding its production capacity.
- An amount of ₹29 crore will be allocated towards the prepayment or repayment of certain outstanding borrowings to improve the company’s financial health.
- The remaining funds will be used for general corporate purposes, supporting the company’s ongoing operational and strategic requirements.
Conclusion
Vashishtha Luxury Fashion IPO offers investors an opportunity to participate in a growing, globally connected fashion company that has strong fundamentals & experienced promoters. The company has a premium product portfolio and consistent international demand & is well-positioned to scale further with the capital from the IPO, appropriate for capacity expansion, debt reduction and operational needs. Vashishtha Luxury Fashion IPO aims to enhance its capabilities and strengthen its hold in the exclusive global fashion market.
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Frequently asked Questions (FAQs )
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1. Is Vashishtha Luxury Fashion IPO a fresh issue or does it include an Offer for Sale (OFS)?
This IPO is a 100% fresh issue, with no offer-for-sale(OFS), which means all funds raised will go directly to the company for growth initiatives.
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2. What are the main objectives of this IPO?
The funds raised via IPO will be used to fund the purchase of embroidery machines for capacity expansion (₹30.36 crore), repay borrowings (₹29 crore) and to meet the general corporate purposes.
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3. What is the total size and structure of the IPO?
The IPO has a total issue size of ₹8.87 crore, completely a fresh issue of 0.08 crore equity shares with no offer-for-sale (OFS) component.
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4. Who are the promoters and what will be their stake post-IPO?
The promoters are Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya and Ms. Archana Odiya, who will collectively hold 66.08% of the company’s equity post-IPO.
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