Vashishtha Luxury Fashion Limited IPO

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Vashishtha Luxury Fashion Limited, originally incorporated as partnership firm “Vashishtha Exports” in 2010, was converted into a private limited company on September 6, 2022 and renamed as Vashishtha Luxury Fashion Limited on May 8, 2023 (CIN: U17100MH2022PLC389963).

Headquartered in Mumbai, the Company is a 100% Export House engaged in high-fashion hand embroidery, luxury accessories, and garments, serving international designers and fashion houses across Europe, UK, USA, Australia, and Turkey in both couture and prêt-à-porter segments.

Product Portfolio

1. Clothing – High-fashion garments for luxury brands.
2. Clothing Accessories – Embellished accessories for couture collections.
3. Embroidery – High-end hand embroidery and conventional embroidery for global fashion houses.

Infrastructure & Facilities

Vashishtha Luxury Fashion Limited operates an in-house computerized design studio with modern equipment, supported by a team of around 90 skilled embroidery artisans and a dedicated material sourcing team. The Company runs a sample manufacturing facility at its Mumbai office through its subsidiary, Vashishtha Embroidery Pvt. Ltd., while also receiving production support from Anas Embroidery, a promoter group entity owned by Director Archana Odiya.

Strengths

i) Consistency in Quality – Strict quality standards, in-house design team, and seasonal embroidery collections.
ii) Rich Management Experience – Promoters and team with deep industry knowledge in exports and garment finishing.
iii) Customer-Centric Model – Focus on satisfaction, evolving designs to meet global fashion trends, maintaining a vast design library.
iv) Smooth Operations – Strong client relationships driving repeat orders and long-term partnerships.
v) Scalable Business Model – Order-driven model enabling economies of scale and market expansion.

Objects of the Vashishtha Luxury Fashion Limited IPO:

Company intend to utilize the proceeds of the Issue to meet the following objects: 1. Funding capital expenditure requirement  towards purchase of Embroidery Machines (₹3.64 cr) 2. Prepayment or repayment of certain outstanding borrowings (₹2.69 cr) 3. General Corporate Purposes.

Vashishtha Luxury Fashion Limited IPO Details:

Open Date: Sep 05 2025
Close Date: Sep 10 2025
Total Shares: 7,99,200
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 8.87 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 109-111 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Mr. Mustak Odiya, aged 37 years, is the Promoter and Executive Director of the Company, appointed on September 6, 2022. He holds a Bachelor of Science degree in Fashion Design from Annamalai University and has 14 years of experience in the fashion industry. He manages the Company’s financial operations, develops strategies, mitigates risks, analyzes reports, advises senior management, ensures regulatory compliance, and leads a team of finance professionals. In 2010, he co-founded M/S Vashishtha Exports with Mr. Ravindra Dhareshivkar. 2. Ms. Archana Odiya, aged 39 years, is the Non-Executive Director of the Company, appointed on August 28, 2024. She holds a Bachelor of Commerce degree from Mumbai University and a Diploma in Fashion Design from Maharashtra Kala Shikshan Prasarak Mandal. With 15 years of experience in the luxury garments industry, she also serves as Proprietor of Anas Embroidery, a promoter group entity established in 2009, engaged in the business of high-end luxury garments and accessories. 3. Mr. Ravindra Dhareshivkar, aged 41 years, is the Managing Director of the Company, appointed on July 1, 2024. Earlier in his career, he worked as a Sampling Coordinator with Chanakya Fashion Private Limited. In 2010, he co-founded M/S Vashishtha Exports with Mr. Mustak Odiya. In his current role, he supervises and mentors managers, maintains client and stakeholder relationships, and develops strategic goals to guide the Company’s future direction.

Financials of Vashishtha Luxury Fashion Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Vashishtha Luxury Fashion Limited IPO:

  1. Expert Global Consultants Private Limited

Registrar of Vashishtha Luxury Fashion Limited IPO:

  1. Bigshare Services Private Limited

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