Mumbai-based Vashishtha Luxury Fashion, an exporter of embroidery, accessories & garments, is hitting the market with its IPO. Key Details: • IPO Dates: Sept 5 – Sept 10 • Issue Size: 7,99,200 shares (Fresh issue only) • Price Band: ₹109 – ₹111 per share • Total Fundraise: ~₹8.87 crore • Listing: BSE SME (Sept 15) • Use of Funds: Buy embroidery machines (expansion), repay borrowings, and general corporate needs. Financial Snapshot: • FY25 Profit: ₹1.4 crore (up from ₹0.32 crore last year) • Revenue: ₹10.6 crore (up 49% YoY) • Valuation: ~₹26 crore What’s Good? • Strong growth in profit & revenue. • Clear focus on expansion with new machines. • Niche segment in luxury embroidery & exports. Risks to Know: ⚠️ • Small size (SME IPO): Valued at just ₹26 crore; such companies carry higher business & liquidity risks. • Sector risk: Fashion & luxury exports can be seasonal and dependent on global demand. • Debt repayment use: Part of IPO money is to clear loans, not fully for growth. • Volatility: SME IPOs can be very volatile post-listing, and entry/exit is not as smooth as large-cap IPOs. Bottom Line: Vashishtha Luxury Fashion is showing growth, but being a small, niche SME IPO, it comes with higher risk. Suitable only for investors who understand SME markets and can handle volatility. For cautious or long-term retail investors, this may be a risky bet.

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