The Vashishtha Luxury Fashion IPO consists of a 7,99,200 share offering that is completely new.
On September 5, Mumbai-based Vashishtha Luxury Fashion, an exporter of embroidery, accessories, and completed clothing, will open for public subscription with the goal of raising Rs 8.87 crore.
An totally new issuance of 7,99,200 shares forms part of the IPO. The price range for the book-building offer is Rs 109–111 per share.
On September 10, the public issue will close. This comes after the September 11 finalization of the IPO share allocation. On September 15, the business will list its equity shares on the BSE SME.
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The approximately Rs 26 crore company Vashishtha Luxury Fashion plans to use the IPO earnings to expand, pay back debts, and buy embroidery equipment for other business needs.
Financially speaking, the company’s net profit for the fiscal year 2025 was Rs 1.4 crore, a significant increase from Rs 0.32 crore the year before. Over the same time period, revenue increased from Rs 7.1 crore to Rs 10.6 crore, a 49 percent increase.