Vashishtha Luxury Fashion came to market through an SME IPO that opened on 5 September 2025 and closed on 10 September 2025, and the shares listed on 15 September 2025 on BSE SME. The price band was ₹109 to ₹111 per share and one lot was 1200 shares, so the minimum application was ₹1,33,200. The issue size was ₹8.87 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Expert Global Consultants Pvt Ltd was the lead manager.
As of 10 September 2025.
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Established in 2010, Vashishtha Luxury Fashion Limited is a firm which is involved in export business of high fashion hand embroidery work, accessories & finished garments. The firm is a 100% Export House catering to fashion brands in Europe, UK, USA, Australia, and Turkey, providing bespoke apparel designs for couture as well as prêt-à-porter segments.The firm operates a sample unit in Mumbai under its subsidiary, Vashishtha Embroidery Private Limited, Product Portfolio: Apparel:
The company produces powerful, artistic clothing with new embroidery, one-of-a-kind materials, and designs that reflect self-expression, individuality, and craftsmanship. Apparel accessories: The company produces distinctive accessories—headbands, handbags, earrings, brooches, and shoes—combining embroidery, fashion, and quality materials for international clients. Embroidery: The company provides hand-guided embroidery, computerized thread and sequin embroidery, and digital printing—balancing technology and craftsmanship to produce delicate, colorful, and personalized fabric patterns for contemporary fashion. As of September 30, 2024, the company employs 26.
As described in the offer document.
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Mr. Ravindra Dhareshivkar, Mr. Mustak Odiya, Ms. Archana Odiya. Promoter holding 100% before the issue and 66.08% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Vashishtha Luxury Fashion IPO was a ₹8.87 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹109–₹111 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,66,400). The IPO was open from September 5 to September 10, 2025 and was subscribed 2.23x. Shares listed on BSE SME on September 15, 2025 at ₹118, a 6.3% premium to the issue price of ₹111.
Bigshare Services Pvt Ltd is the registrar. Expert Global Consultants Pvt Ltd is the book running lead manager.
The price band of Vashishtha Luxury Fashion IPO is ₹109 to ₹111 per share.
The lot size of Vashishtha Luxury Fashion IPO is 1200 shares.
The minimum investment for Vashishtha Luxury Fashion IPO is approximately ₹2,66,400 based on the upper price band.
The allotment date of Vashishtha Luxury Fashion IPO is Sep 11, 2025.
You can check Vashishtha Luxury Fashion IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vashishtha Luxury Fashion IPO allotment status on Rupix for quick and easy access.
₹109 to ₹111 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,33,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,33,200, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 September 2025 and closed on 10 September 2025.
The basis of allotment was published on 11 September 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 15 September 2025 on BSE SME.
The issue size was ₹8.87 crore. The fresh issue was 7,99,200 shares (aggregating up to ₹8.87 crore).