31 Mar 2023
Assets7.41
Total Income6.86
EBITDA1.27
Profit After Tax1.05
NET Worth1.47
Reserves and Surplus0.36
Total Borrowing3.44
At a glance
Updated 2026-09-11The shares listed at ₹118.00, a 6.31% move from the issue price. Vashishtha Luxury Fashion is a SME IPO with an issue size of ₹8.87 crore, proposed for listing on BSE SME. The offer opens on 5th Sep 2025 and closes on 10th Sep 2025. The issue structure includes a fresh issue of ₹8.42 crore. The current listing schedule points to 15th Sep 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹8.87 Cr
Fresh issue₹8.42 Cr
Face value₹10
Price band₹109.00–₹111.00
Allotment11th Sep 2025
Listing15th Sep 2025
Listing performance
Full performance ↗Issue price₹111.00
Listing price₹118.00
Current price—
Listing gain6.31%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹8.00
GMP / upper price7.21%
Est. listing₹119.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Sep 2025
Closes10th Sep 2025
Allotment11th Sep 2025
Refund12th Sep 2025
Demat12th Sep 2025
Listing15th Sep 2025
Subscription demand
Full bidding ↗Total2.18×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹266,400 |
Company
Incorporated2010
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion | ₹3.64 Cr |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹2.69 Cr |
| General Corporate Purposes | ₹1.32 Cr |
| Issue Expenses | ₹1.22 Cr |
| Total | ₹8.87 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue10.88₹ Cr · +46.0% vs prior year
EBITDA2.07₹ Cr · +183.6% vs prior year
PAT1.42₹ Cr · +343.8% vs prior year
Assets9.00₹ Cr · +14.1% vs prior year
Net Worth4.64₹ Cr · +160.7% vs prior year
Borrowing2.07₹ Cr · -36.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets7.89
Total Income7.45
EBITDA0.73
Profit After Tax0.32
NET Worth1.78
Reserves and Surplus0.67
Total Borrowing3.26
31 Mar 2025
Assets9.00
Total Income10.88
EBITDA2.07
Profit After Tax1.42
NET Worth4.64
Reserves and Surplus3.08
Total Borrowing2.07
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.28% |
| ROCE | 31.43% |
| Debt / Equity | 0.34% |
| RoNW | 64.49% |
| PAT Margin | 14.14% |
| EBITDA Margin | 22.08% |
| Price to Book Value | 6.95 |
Valuation & shareholding
Pre-IPO EPS9.14
Post-IPO EPS6.04
Pre-IPO P/E12.14
Post-IPO P/E18.38
Promoter holding pre100%
Promoter holding post66.08%
Market cap₹26.16 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Vashishtha Luxury Fashion IPO | — | 18.38 x | — | — |
| Fascinate Textiles IPO | — | 36.97 x | — | — |
| Shree Balaji IPO | — | 11.85 x | — | — |
| Riyaasat Lifestyle IPO | — | 22.53 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding capital expenditure requirement of the Company towards purchase of Embroidery Machines for expansion | ₹3.64 Cr |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹2.69 Cr |
| General Corporate Purposes | ₹1.32 Cr |
| Issue Expenses | ₹1.22 Cr |
| Total | ₹8.87 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Expert Global Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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