Mumbai-based Vashishtha Luxury Fashion, the exporter of embroidery work, accessories & finished garments, will launch its IPO for public subscription on September 5, aiming to raise Rs 8.87 crore.
The IPO comprises of entirely fresh issue of 7,99,200 shares. The price band for the book-building offer has been fixed at Rs 109-111 per share.
The public issue will close on September 10. This follows the finalisation of IPO share allotment by September 11. The company will list its equity shares on the BSE SME on September 15.
Vashishtha Luxury Fashion that valued at around Rs 26 crore intends to utilise IPO proceeds for purchase of embroidery machines for expansion, repayment of certain borrowings, and general corporate purposes.
Click Here To Read All IPO News
On the financial front, the company has reported net profit at Rs 1.4 crore for the fiscal 2025, increasing sharply from Rs 0.32 crore in the previous year. Revenue during the same period surged to 49 percent to Rs 10.6 crore, up from Rs 7.1 crore.
Expert Global Consultants is managing the Vashishtha Luxury Fashion IPO.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
