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Vashishtha Luxury Fashion IPO
Vashishtha Luxury Fashion Ltd
₹1,30,800 /1200 sharesMinimum Investment
Vashishtha Luxury Fashion IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 5 Sep ‘25 - 10 Sep ‘25 | ₹2,61,600 | 1,200 | ₹109 - ₹111 |
| Issue Size | IPO Doc |
|---|---|
| 8.87Cr | RHP PDF |
Subscription rate
As of 05 Sep'25, 06:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.01x |
| Retail Individual Investor | 0.13x |
| Total | 0.07x |
About Vashishtha Luxury Fashion
Founded in
2010
Managing director
Mr Ravindra Dhareshivkar
Parent organisation
Vashishtha Luxury Fashion Ltd
Strengths & Financials of Vashishtha Luxury Fashion
Strengths
Risks
Vashishtha Luxury Fashion Limited claims to adhere to strict quality standards in its manufacturing unit, supported by trained staff, appropriate premises, and equipment. The company also claims to have an in-house design team that develops seasonal embroidery collections and explores new embellishment techniques for international clients.
Vashishtha Luxury Fashion has developed a broad client base over time, primarily through a relationship-focused approach. The company claims that these long-term relationships result in repeat orders and provide a competitive advantage in attracting new clients across global markets.
The company operates an order-driven model that utilises its in-house processing facilities to achieve economies of scale. Vashishtha Luxury claims that this model has proven scalable in recent years, supported by the potential to expand into new international and domestic markets.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 6.12 crore (standalone) in FY23 to Rs 7.14 crore (standalone) in FY24 and Rs 10.64 crore (consolidated) in FY25.
The firm was converted into a private limited company in September 2022 and subsequently into a public limited company in May 2023. Its limited operating history, including a lack of long-term financial data, makes it difficult to evaluate its future prospects.
Vashishtha Luxury Fashion Limited relies heavily on its subsidiary, Vashishtha Embroidery Private Limited, and the promoter group entity, Anas Embroidery, for all sampling and manufacturing activities. Any disruptions or inefficiencies at these facilities could delay production, impacting fulfilment, which may negatively affect revenue generation.
The company’s business is subject to seasonality, with demand typically spiking ahead of major festivals, events outside India, and during the winter season. For the smooth functioning of the company, it should be able to address this fluctuation in demand.
The top three customers accounted for Rs 4.28 crore (40.28 percent) of the company’s revenue in FY25, Rs 3.30 crore (46.23 percent) in FY24, and Rs 3.11 crore (50.78 percent) in FY23. Furthermore, the top customer alone accounted for Rs 1.85 crore (17.42 percent) of the company’s revenue in FY25, Rs 2.13 crore (29.82 percent) in FY24, and Rs 1.21 crore (19.76 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from them could adversely affect the company’s business and financial standing.
The company derives a significant portion of its revenue from the UK. It accounted for Rs 5.92 crore (55.74 percent) of the company’s revenue in FY25, Rs 4.33 crore (60.74 percent) in FY24, and Rs 2.09 crore (34.20 percent) in FY23. Any adverse political, economic, or demand-related changes in this market could materially impact the company’s revenues and profitability.
The top supplier alone accounted for Rs 3.95 crore (66.87 percent) of the company’s total purchases in FY25, Rs 2.36 crore (59.31 percent) in FY24, and Rs 0.43 crore (14.10 percent) in FY23. Any disruption in supplies from this supplier could adversely affect the company’s business and finances.
The company is involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company reported negative cash flow from operating activities amounting to Rs 0.64 crore (consolidated) in FY25. Continued or significant negative cash flows may restrict its ability to fund operations and pursue growth plans.
The company is exposed to foreign exchange risks due to its dependence on exports and imports. Fluctuations in currency exchange rates may impact its revenues, costs, and overall financial performance. Any adverse movements could materially affect its results of operations and cash flow.
As of FY25, the company had financial indebtedness of Rs 2.07 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Vashishtha Luxury Fashion Financials
*All values are in Rs. Cr
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Application Details of Vashishtha Luxury Fashion IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹109 - 111 | ₹2 - 5 Lakh |
For Vashishtha Luxury Fashion IPO, eligible investors can apply as Individual investor.