At Vashishtha Luxury Fashion Ltd., they take the utmost pride in making every piece curated with love, ensuring every stitch is beautifully sewn and showing each piece the respect it deserves. Their artisans carry a legacy of traditional craftsmanship and come from a lineage of skilled artisans who carry forward the tradition and heritage of Indian embroidery to its finest splendour.
Vashishtha Luxury Fashion, an Book Built Issue, amounting to ₹ 8.87 Crores, consisting entirely an Fresh Issue of 7.99 Lakh Shares. The subscription period for the Vashishtha Luxury Fashion IPO opens on September 05, 2025, and closes on September 10, 2025. The allotment is expected to be finalized on or about Thursday, September 11, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, September 15, 2025.
The Share Price Band of Vashishtha Luxury Fashion IPO is set at ₹ 109 to ₹ 111 per equity share. The Market Capitalisation of the Vashishtha Luxury Fashion at IPO price of ₹ 111 per equity share will be ₹ 26.16 Crores. The lot size of the IPO is 1,200 shares. Individual investors are required to invest a minimum of 2 lots (2,400 shares), amounting to ₹ 2,66,400.
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book running lead manager of the Vashishtha Luxury Fashion, while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. Nirman Share Brokers Private Limited is the sole Market Maker for Vashishtha Luxury Fashion IPO.
Vashishtha Luxury Fashion Limited IPO GMP Today
The Grey Market Premium of Vashishtha Luxury Fashion IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Vashishtha Luxury Fashion Limited IPO Live Subscription Status Today: Real-Time Update
Vashishtha Luxury Fashion IPO will be open for its subscription on 05 September, 2025.
Vashishtha Luxury Fashion Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
31 August 2025 | ₹ 111 | ₹ 111 | ₹ 0 (0.00%) | 02:00 PM; 31 August 2025 |
Vashishtha Luxury Fashion Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Vashishtha Luxury Fashion IPO allotment date is 11 September, 2025, Thursday. Vashishtha Luxury Fashion IPO Allotment will be out on 11th September, 2025 and will be live on Registrar Website from the allotment date. Check Vashishtha Luxury Fashion IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Vashishtha Luxury Fashion Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Vashishtha Luxury Fashion Limited IPO
Vashishtha Luxury Fashion to utilise the Net Proceeds towards the following objects:
1. ₹ 363.72 Lakh is required for Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion;
2. ₹ 269.46 Lakh is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
3. General Corporate Purposes.
Refer to Vashishtha Luxury Fashion Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
The Upcoming IPOs in this week and coming weeks are Vashishtha Luxury Fashion, Karbonsteel Engineering, Sharvaya Metals, Austere Systems, Optivalue Tek Consulting, Vigor Plast India, Goel Construction Company, Amanta Healthcare, Rachit Prints.
The Current active IPO are Abril Paper Tech, Sneha Organics, Sugs Lloyd, Oval Projects.
The Closed IPOs are Anlon Healthcare, Sattva Engineering Construction, Vikran Engineering, Current Infraprojects, Globtier Infotech, NIS Management, Shivashrit Foods, Anondita Medicare, Classic Electrodes (India).
The Recently Listed IPOs which is available for trading in stock Market are ARC Insulation & Insulators, Mangal Electrical Industries, Shreeji Shipping Global, Patel Retail, LGT Business Connextions, Vikram Solar, Gem Aromatics, Studio LSD, Regaal Resources, Mahendra Realtors and Infrastructure, Bluestone Jewellery and Lifestyle, Icodex Publishing Solutions, Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast, ConnPlex Cinemas, ALL Time Plastics, JSW Cement, Sawaliya Foods Products, Highway Infrastructure, Parth Electricals & Engineering and many more.
Vashishtha Luxury Fashion IPO Details |
|||||||||||
IPO Date | September 05, 2025 to September 10, 2025 | ||||||||||
Listing Date | September 15, 2025 | ||||||||||
Face Value | ₹ 10.00 | ||||||||||
Price | ₹ 109 to ₹ 111 per share | ||||||||||
Lot Size | 1,200 Equity Shares | ||||||||||
Total Issue Size | 7,99,200 Equity Shares (aggregating to ₹ 8.87 Cr) | ||||||||||
Fresh Issue | 7,99,200 Equity Shares (aggregating to ₹ 8.87 Cr) | ||||||||||
Offer for Sale | NA | ||||||||||
Issue Type | Book Built Issue | ||||||||||
Listing At | BSE SME | ||||||||||
Share holding pre issue | 15,57,558 | ||||||||||
Share holding post issue | 23,56,758 |
Vashishtha Luxury Fashion IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 2 | 2,400 | ₹2,66,400 | ||||||||
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 Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Friday, September 05, 2025 | ||||||||||
IPO Close Date | Wednesday, September 10, 2025 | ||||||||||
Basis of Allotment | Thursday, September 11, 2025 | ||||||||||
Initiation of Refunds | Friday, September 12, 2025 | ||||||||||
Credit of Shares to Demat | Friday, September 12, 2025 | ||||||||||
Listing Date | Monday, September 15, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on Wednesday, September 10, 2025 |
Vashishtha Luxury Fashion IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
QIB Portion | 75,600 | Not More than 9.97% of the Net Issue | |||||||||
Non-Institutional Investor Portion | 2,65,200 | Not Less than 34.97% of the Net Issue | |||||||||
Retail Shares Offered | 4,17,600 | Not Less than 55.06% of the Net Issue | |||||||||
Market Maker Portion | 40,800 | 5.11% of the Issue |
Vashishtha Luxury Fashion IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 100.00 % | ||||||||||
Share Holding Post Issue | 66.09 % |
Vashishtha Luxury Fashion IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Qualified Institutional Buyers (QIB) | 75,600 | - | 0.00 | ||||||||
Non Institutional Investors(NIIS) | 3,06,000 | - | 0.00 | ||||||||
Retail Individual Investors (RIIs) | 4,17,600 | - | 0.00 | ||||||||
Total | 7,99,200 | - | 0.00 |
BUSINESS OVERVIEW
Vashishtha Luxury Fashion Limited is engaged in the business of exporting high-fashion hand embroidery work, accessories, and finished garments. The company has built a strong reputation for over a decade among international designers, fashion houses, and boutiques, establishing itself as a reliable partner in the global fashion industry.
The company caters to leading brands and fashion houses across Europe, the UK, USA, Australia, and Turkey, offering not only finished products but also customized design services in the apparel segment. Recognized as a 100% Export House, it has been associated with prestigious couture and prêt-à-porter brands across key international markets since inception.
Experienced Management Team: Guided by promoters who emphasize continuous improvement, the company operates under a leadership team with deep expertise across multiple operational facets.
Design Excellence: Since 2010, the creative design team has worked closely with international clients, transforming ideas into exclusive creations. Unique embroidery collections are developed each season, showcasing new embellishment techniques to global buyers.
Customer-Centric Approach: A strong focus on quality maintenance, process innovation, and confidentiality of client designs ensures customer satisfaction, repeat orders, and long-term relationships.
Sustainability Commitment: The company actively uses sustainable materials in its creations, combining traditional artistry with modern design sensibilities.
Indian embellishments and embroidery techniques, dating back centuries, remain the foundation of Vashishtha’s artistry. Artisans from traditional lineages bring their heritage craftsmanship into contemporary fashion, ensuring that Indian embroidery continues to flourish in global couture.
The company’s mission is to promote the timeless beauty of Indian surface ornamentation and hand embellishments worldwide, appealing to fashion houses and craft enthusiasts across continents.
Headquartered in Mumbai, Maharashtra, the company operates with ~90 skilled embroidery artisans, supported by a professional production team. The end-to-end work process includes sourcing, swatching, sampling, and production for exports.
A computerized design studio equipped with state-of-the-art technology and a dedicated material sourcing team enhance efficiency and creativity.
A sample manufacturing facility is operated through the wholly-owned subsidiary, Vashishtha Embroidery Private Limited, while large-scale production support is managed by Anas Embroidery, a promoter group entity owned by Archana Odiya, Director of Vashishtha Luxury Fashion Limited.
In essence, Vashishtha Luxury Fashion Limited combines traditional Indian craftsmanship with contemporary design, sustainable practices, and international quality standards. With its global presence, heritage artistry, and strong operational base, the company continues to be a trusted partner for leading fashion houses across the world.
The Company does not have a supplier to provide labours on contract basis. They have total 21 employees on the payroll as on July 31, 2025. The Banker to the company is HDFC Bank Limited.
INDUSTRY ANALYSIS
India’s Textiles and Apparel Industry
Executive Summary
The Indian textiles and apparel market is projected to grow at a CAGR of 10% to reach US$ 350 billion by 2030, with exports expected to touch US$ 100 billion.
The global apparel market is set to grow at 8% CAGR, reaching US$ 2.37 trillion by 2030, while the global textile & apparel trade will rise to US$ 1.2 trillion at 4% CAGR.
India is the world’s 2nd largest producer of textiles and garments and the 3rd largest exporter, holding a 4.6% share in global trade.
The sector contributes 2.3% to India’s GDP, 13% to industrial output, and 12% to total exports.
The industry employs over 45 million people, including 3.5 million handloom workers, making it the second-largest employer after agriculture.
In FY24, total textile exports (including handicrafts) stood at US$ 35.9 billion.
The PLI scheme worth Rs. 10,683 crore (US$ 1.44 billion) aims to boost MMF (man-made fibre) apparel, MMF fabrics, and technical textiles.
Exports are expected to reach US$ 65 billion by FY26.
Advantage India
A. Competitive Edge
Abundant raw materials – cotton, wool, silk, and jute.
Cost competitiveness and skilled manpower provide a strong global advantage.
The “5F” strategy – Farm to Fibre to Fabric to Fashion to Foreign export, introduced by Mr. Piyush Goyal, aims to strengthen India’s global textile brand.
B. Policy Support
100% FDI (automatic route) allowed in the sector.
Union Budget 2023-24 allocation: Rs. 4,389 crore (US$ 536 million).
PLI scheme of Rs. 4,445 crore (US$ 594 million) approved for mega textile parks.
43 new partners empanelled under SAMARTH scheme in 2023 to train 75,000+ beneficiaries (total 1.83 lakh trained so far).
C. Robust Demand
Technical textiles market expected at US$ 23.3 billion by 2027.
Cotton production projected at 7.2 million tonnes (~43 million bales) by 2030.
Readymade garment exports at US$ 14.23 billion in FY24, projected to surpass US$ 30 billion by 2027.
Roadmap in place to achieve US$ 250 billion in textile production and US$ 100 billion exports by 2030.
D. Rising Investments
Schemes like SITP, TUFS, and MITRA Parks encouraging private equity and job creation.
Total FDI inflows in textiles stood at US$ 4.47 billion (Apr 2000 – Mar 2024).
Key Industry Facts
Strong production base covering natural fibres (cotton, jute, silk, wool) and synthetic/man-made fibres (polyester, viscose, nylon, acrylic).
The sector contributed 7% to industrial output in 2022 and 4% to global textile trade in 2023.
India’s textile market size was US$ 223 billion in 2021, and is expected to touch US$ 350 billion by 2030.
Contribution to GDP is expected to double from 2.3% to ~5% by 2030.
US remains India’s largest textile export market, accounting for 32.7% of exports in FY24.
Cotton & Fibre Growth
India is the world’s largest cotton producer, with 2023-24 output projected at 32.3 million bales.
Total cotton availability in 2023-24 estimated at 34.6 million bales, against domestic demand of 31.1 million bales.
Man-made fibre production stood at 2.15 million tonnes in 2022-23.
Natural fibres remain the backbone, expected to grow from US$ 138 billion to US$ 195 billion by 2025.
Home Textiles – Strong Momentum
Exports grew from US$ 5.3 billion (2017) to US$ 8 billion (2022) at a 7.1% CAGR.
Home textile industry reached US$ 8.2 billion in 2021, growing at 8.3% CAGR (2014–21).
Accounts for 4% of global home textile trade.
Companies like Welspun India, Indo Count, Bella Casa are investing heavily in expansion and technology adoption.
Welspun India’s Wel-Trak 2.0 ensures raw material traceability across the supply chain.
Technical Textiles – A New Growth Driver
Grouped into 12 segments: Agrotech, Meditech, Mobiltech, Packtech, Sportech, Buildtech, Clothtech, Hometech, Protech, Geotech, Oekotech, Indutech.
Key applications: healthcare, automotive, safety, infrastructure.
National Technical Textile Mission (NTTM) approved 74 R&D proposals worth Rs. 232 crore (US$ 28.27 million).
Uniform GST of 12% on MMF fabrics and apparel from Jan 2022.
Market potential: 10% CAGR, penetration 9–10%, making India the 5th largest technical textile market globally.
Exports of 247 technical textile items reached Rs. 5,946 crore (US$ 715 million) in Q1 FY24.
Export Strength & Global Demand
India is the world’s 2nd largest textile exporter.
Exports stood at US$ 35.9 billion in FY24.
Trade agreements with Australia & UAE now allow zero duty access for Indian textiles.
Strong potential in Africa and Latin America for the next decade.
Foreign Investments
US$ 4.47 billion FDI inflows between 2000–2024.
Growing partnerships between global majors and Indian companies.
Global brands like Hugo Boss, Diesel, Liz Claiborne, Kanz already operational in India.
South Korea’s Youngone to set up in Warangal’s Kakatiya Mega Textile Park, creating 12,000 jobs.
In summary, India’s textiles and apparel industry is poised for exponential growth, driven by policy support, global demand, rising investments, and strong domestic raw material availability. With the government’s push and increasing private sector participation, India is on track to become a global textile powerhouse by 2030.
BUSINESS STRENGTHS
1. Consistency in Quality
The company adheres to strict quality standards within its manufacturing facilities to ensure products consistently meet international customer requirements. Trained staff, advanced equipment, and well-maintained premises support quality consistency throughout production. Close collaboration with global clients enables the conversion of ideas into unique creations. The in-house design team continuously develops new embellishment techniques and seasonal embroidery collections, ensuring innovation and fresh offerings for the global market.
2. Rich Management Experience & Skilled Team
The organization is guided by a management team with extensive industry expertise and supported by a skilled workforce of craftsmen, trained labor, and job workers. This blend of experience and technical proficiency enables the anticipation of market trends, providing a competitive edge. The team’s capabilities span key areas such as cutting, stitching, washing, and finishing, ensuring smooth operations and optimal capacity utilization. Effective cost management has further supported sustained margins in the export process.
3. Customer-Centric Business Model
The business operates on a customer-first philosophy, with success driven by the ability to understand, address, and exceed client expectations. Constant assessment of changing customer preferences ensures timely product redesigns and trend adoption. A library of thousands of designs exported annually supports this adaptability. The model emphasizes delivering new and innovative designs on demand, strengthening customer satisfaction and long-term loyalty.
4. Smooth Flow of Operations
Over time, the company has built a broad and loyal client base through a relationship-focused approach. Strong existing relationships have resulted in repeat orders, reinforcing long-term partnerships. This consistent customer retention provides a strategic advantage in attracting new clients while expanding the business footprint across international markets.
5. Scalable Business Model
The business model is order-driven and designed for scalability, with a focus on maximizing in-house processing facilities and achieving economies of scale. This approach has proven successful over recent financial years, driving sustainable growth. Expansion potential lies in tapping into new domestic and international markets through aggressive product marketing, continuous innovation, and consistent quality assurance, thereby strengthening client trust and ensuring long-term scalability.
BUSINESS STRATEGIES
1. Expansion through Increased Sales Volume
The company’s growth strategy emphasizes scaling sales volumes by expanding operations, diversifying offerings, and strengthening geographical outreach. Growth in the domestic market is expected to create further opportunities for business expansion and revenue generation, while entry into additional markets is aimed at enlarging the client base and improving profitability.
2. Innovation and Designer Creativity
A strong focus is placed on setting new fashion trends by consistently creating designs that resonate with an evolving customer base. The ability to transform creative vision into reality is enabled through advanced technology and skilled personnel who oversee each new initiative with precision and innovation.
3. Operational Efficiency and Cost Optimization
In addition to expanding revenues, significant attention is given to reducing operational costs and enhancing efficiency. This includes minimizing wastage, strengthening production control, and implementing effective supervision to ensure cost competitiveness in the industry.
4. Commitment to Quality Assurance
Maintaining exceptional quality standards remains central to the company’s philosophy. Standard operating procedures are implemented to deliver reliable and timely services to clients. Leveraging employee expertise is considered vital to driving higher sales and improving customer retention through consistent service excellence.
5. Leveraging Established Goodwill
The brand’s longstanding goodwill in global markets serves as a key strength in reinforcing customer recall and loyalty. This strong market reputation is positioned as a foundation for exploring new avenues of sustainable growth and creating enduring value.
6. Expanding Customer Base through New Geographies
Marketing and export efforts are directed toward tapping new markets while strengthening existing customer relationships. Establishing a presence in additional regions enables the company to reach wider audiences. Long-term relationships with customers are fostered through value creation driven by innovation, quality assurance, and timely delivery.
7. Building a Professional and Empowered Organization
The company is committed to fostering a culture of transparency and accountability. A highly experienced team manages day-to-day operations with the objective of transforming employees into an empowered workforce of skilled professionals. This approach is designed to accelerate growth, strengthen organizational capability, and sustain long-term development.
BUSINESS RISK FACTORS & CONCERNS
1. Dependence on Subsidiary and Promoter Group Entity for Manufacturing
The company is heavily reliant on its subsidiary, Vashishtha Embroidery Private Limited, and the Promoter Group Entity, Anas Embroidery, for all sampling and manufacturing activities. Any operational inefficiencies, disruptions, or non-compliance with regulatory and industry standards at these entities could directly affect production timelines, order fulfillment, and revenue generation. Although the company plans to utilize IPO proceeds to establish an in-house manufacturing facility to reduce such dependency, future outsourcing may still be required if large orders exceed the proposed capacity.
2. Reliance on Limited Suppliers for Raw Materials
Procurement of raw materials is concentrated among a small group of suppliers. For the financial years ended March 31, 2025, 2024, and 2023, the top ten suppliers accounted for approximately 98.64%, 91.78%, and 64.50% of total purchases, respectively. While long-term supplier relationships have ensured quality, timely delivery, and cost advantages, any failure by suppliers to meet quantity, delivery schedules, or quality specifications could severely disrupt operations. Such disruptions may lead to delays in customer deliveries, loss of clientele, and potential liabilities, adversely impacting the company’s financial performance.
3. Revenue Concentration in Specific Countries
Although the company exports 100% of its products, a significant portion of revenue is concentrated in a few countries. Political changes, economic uncertainties, shifting customer preferences, or growing competition in these markets could adversely affect revenue streams. The inability to maintain or expand business in these regions may result in reduced profitability and increased exposure to market volatility.
4. Lack of Presence in the Indian Market
The company is entirely focused on exports and does not cater to domestic Indian consumers. This absence in the local market limits opportunities for brand recognition, customer loyalty, and product feedback from Indian clientele. The lack of a domestic presence may restrict future growth potential and reduce competitiveness in the Indian market, ultimately impacting long-term expansion prospects.
Summary :
Vashishtha Luxury Fashion Company faces risks primarily due to its dependence on subsidiary and promoter entities for manufacturing, concentration of raw material suppliers, revenue reliance on select export markets, and lack of presence in India’s domestic market. While strategic measures such as establishing an in-house facility aim to mitigate some of these risks, continued exposure to supplier dependency, export market concentration, and limited geographical reach may adversely affect the company’s growth and profitability.
Period Ended | Mar 31, 2025 (Consolidated) | Mar 31, 2024 (Standalone) | Mar 31, 2023 (Standalone) |
---|---|---|---|
Reserve of Surplus | 319.71 | 66.59 | 35.62 |
Total Assets | 838.91 | 788.66 | 740.57 |
Total Borrowings | 181.38 | 325.62 | 343.57 |
Fixed Assets | 342.19 | 353.79 | 369.12 |
Cash | 9.28 | 1.75 | 0.01 |
Net Borrowing | 172.10 | 323.87 | 343.56 |
Revenue | 1,084.31 | 744.98 | 686.38 |
EBITDA | 255.52 | 104.06 | 201.22 |
PAT | 153.49 | 31.93 | 104.50 |
EPS | 10.92 | 2.87 | 9.41 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹ 10.92 | ||||||||||
EPS Post IPO (Rs.) | ₹ 6.51 | ||||||||||
P/E Pre IPO | 10.16 | ||||||||||
P/E Post IPO | 17.04 | ||||||||||
ROE | 28.28 % | ||||||||||
ROCE | 31.43 % | ||||||||||
P/BV | 3.28 | ||||||||||
Debt/Equity | 0.34 | ||||||||||
RoNW | 64.49 % |
Vashishtha Luxury Fashion Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Vashishtha Luxury Fashion Limited | ₹ 6.51 | 31.43 % | 28.28 % | 17.04 | 3.28 | 0.34 | 64.49 % | ||||
There are no Listed Peer Companies in India which can be compared with Vashishtha Luxury Fashion Lim | ₹ | % | % | - | - | - | % |
VASHISHTHA LUXURY FASHION LIMITED
307 and 308, Sun Industrial Estate, Sun Mill Compound Lower Parel West, Delisle Road, Mumbai, Maharashtra, India, 400013
Contact Person : Ms. Krupali Thakkar
Telephone : +91 22 4972 3618
Email : cs@vashishthaluxuryfashion.com
Website : https://vashishthaluxuryfashion.com/
Registrar : Bigshare Services Private Limited
Contact Person : Mr. Sagar Pathare
Telephone : +91 22 6263 8200
Email : ipo@bigshareonline.com
Website : https://www.bigshareonline.com/
Lead Manager : EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
Contact Person : Mr. Shobit R. Agarwal
Telephone : +91 11 4509 8234
Email : ipo@expertglobal.in
Website : https://www.expertglobal.in/
At Vashishtha Luxury Fashion Ltd., they take the utmost pride in making every piece curated with love, ensuring every stitch is beautifully sewn and showing each piece the respect it deserves. Their artisans carry a legacy of traditional craftsmanship and come from a lineage of skilled artisans who carry forward the tradition and heritage of Indian embroidery to its finest splendour.
The experience and trade relations of the promoters and management have played a key role in the Company’s growth. Promoters Ravindra Dilip Dhareshivkar and Mustak Basirbhai Odiya bring strong expertise to both strategic and day-to-day operations. With over 18 years of diverse industry experience, Ravindra oversees overall processes and sampling, while Mustak, a fashion design graduate, adds creative direction and financial acumen, ensuring smooth workflow and driving organizational growth.
The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,084.31 Lakhs, ₹ 744.98 Lakhs and ₹ 686.38 Lakhs. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 255.52 Lakhs, ₹ 104.06 Lakhs and ₹ 201.22 Lakhs. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 153.49 Lakhs, ₹ 31.93 Lakhs and ₹ 104.50 Lakhs respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 10.92 and post-issue EPS of ₹ 6.51 for FY24. The pre-issue P/E ratio is 10.16x, while the post-issue P/E ratio is 17.04x. The company's ROCE for FY24 is 31.43%, ROE for FY24 is 28.28% and RoNW is 64.49%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Vashishtha Luxury Fashion showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Vashishtha Luxury Fashion Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
Option Trading with CA Abhay
Equity Trading with CA Abhay
Equity Investment with CA Abhay
FNO Stocks with CA Abhay
Stock Market Masterclass
Equity Investment with CA Abhay
FNO Stocks with CA Abhay
Equity Trading with CA Abhay
Option Trading with CA Abhay
Stock Market Masterclass
Copyright @2020 Design & Developed by Info Web Software