BSE SME Vashishtha Luxury Fashion IPO subscribed 7%

The initial public offer (IPO) of Vashishtha Luxury Fashion received bids for 58,000 shares as against 7,99,200 shares on offer, as per BSE data as of 17:00 hours on Friday (5 September 2025). The issue was subscribed 0.07 times. The issue opened for bidding on Friday (5 September 2025) and it will close on Wednesday (10 September 2025). The price of the IPO is fixed between Rs 109– Rs 111 per share. The minimum order quantity is 1200 equity shares. The equity shares will list on BSE’s SME platform. a The IPO comprises fresh issue of 7,99,200 shares. About 40,800 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 7,58,400 equity shares. The issue and the net issue will constitute 33.91% and 32.20% respectively of the post issue paid up equity share capital of the company. The company intends to utilize the net proceeds for purchasing embroidery machines for expansion, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and general corporate purpose. Vashishtha Luxury Fashion is engaged in the business of exporting high fashion hand embroidery, accessories & finished garments. The company caters to various brands and fashion houses across Europe, UK, USA, Australia, European countries & Turkey regions. Further, it also provides services in customized designs in apparel segment. As on 31 July 2025, the company had total 21 employees on payroll. The company recorded revenue from operations of Rs 10.63 crore and net profit of Rs 1.53 crore for the period ended 31 March 2025.