
Consumer Goods / Apparel · BSE
Vashishtha Luxury Fashion Limited, incorporated in 2010, is engaged in exporting high-fashion hand embroidery, accessories, and finished garments. Recognized as a 100% Export House, the company serves leading fashion brands in Europe, the UK, USA, Australia, and Turkey, offering customized designs for both couture and prêt-à-porter segments. It operates a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited. Its product portfolio includes artistic garments with innovative embroidery and unique materials, fashion accessories such as headbands, handbags, earrings, brooches, and footwear, as well as intricate embroidery services ranging from hand-guided embroidery to computerized sequin work and digital printing. Combining craftsmanship with technology, the company emphasizes creativity, individuality, and premium quality in its offerings. As of September 30, 2024, it employed 26 people.
Price Band
₹109 – ₹111
Issue Size
₹8.87 Cr
Lot Size
1200 shares
GMP
+7.2%
Est. Listing
₹119
at current GMP
Subscribed
2.23x
overall
Open
5 Sep 2025
Close
10 Sep 2025
Allotment
11 Sep 2025
Refund
12 Sep 2025
Demat Credit
13 Sep 2025
Listing
15 Sep 2025
Overall Subscription
2.23x
Total Demand
QIB Multiplier
1.27x
Institutions & Funds
NII / HNI
2.62x
High Net-Worth
Retail (RII)
2.16x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 75,600 | 96,000 | 1.27x |
| NIB | 265,200 | 696,000 | 2.62x |
| HNIs(10L +) | 176,400 | 504,000 | 2.86x |
| HNIs (2-10L) | 88,800 | 192,000 | 2.16x |
| RETAIL | 417,600 | 900,000 | 2.16x |
| Total | 1,023,600 | 2,388,000 | 2.23x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 2 | 0.00x |
| NIB | — | 100 | 0.00x |
| RETAIL | 174 | 375 | 2.16x |
| HNIs(10L +) | 49 | 47 | 0.96x |
| HNIs (2-10L) | 25 | 53 | 2.12x |
| Total Applications | 248 | 577 | 2.33x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Vashishtha Luxury Fashion Limited is bringing an initial public offering (IPO) in the Consumer Goods / Apparel sector with an aggregate issue size of ₹8.87 Crores. The shares are offered at a price band of ₹109 to ₹111 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,33,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-13, while un-allotted funds or UPI block mandates will be released on 2025-09-12.
The latest Grey Market Premium (GMP) for Vashishtha Luxury Fashion Limited IPO is ₹8 per equity share. Based on the upper price band of ₹109 to ₹111 per equity share, the estimated listing price is ₹119 (+7.2% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹8, the expected profit per application lot is approx ₹9,600 (+7.2% gain). Minimum application cost is approx ₹1,33,200.
The Vashishtha Luxury Fashion Limited IPO aggregate issue size is ₹8.87 Crores with an equity price band set at ₹109 to ₹111 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,33,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.23x (Retail: 2.16x, QIB: 1.27x, NII: 2.62x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-09-11. Investors can verify status using PAN card or application number.
Vashishtha Luxury Fashion Limited shares are scheduled to list on BSE on 2025-09-15.