Vashishtha Luxury Fashion SME IPO Subscription Status
Vashishtha Luxury Fashion SME IPO closed on 10 September 2025 with an overall subscription of 2.18x based on shares applied. QIB demand came in at 1.27x, NII at 2.62x, and retail at 2.16x.
Allotment will be finalised on 11 September 2025. The stock is scheduled to list on NSE and BSE on 15 September 2025.
Issue Price
Rs 111.00
GMP Today
Rs 8.00 (+7.21%)
Overall Subscription
2.18x
Issue Size
₹8.42 Cr
Allotment Date
11 Sept 2025
Listing Date
15 Sept 2025
Vashishtha Luxury Fashion SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 111.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 83.92 L | Rs 1.07 Cr | 1.27x |
| FII | - | Rs 83.92 L | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 22.64 L | - |
| NII | Rs 2.94 Cr | Rs 7.73 Cr | 2.62x |
| bNII (above Rs 10L) | Rs 1.96 Cr | Rs 5.59 Cr | 2.85x |
| Corporate | - | Rs 1.09 Cr | - |
| Individual | - | Rs 4.29 Cr | - |
| Other | - | Rs 21.31 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 98.12 L | Rs 2.13 Cr | 2.17x |
| Corporate | - | - | - |
| Individual | - | Rs 2.13 Cr | - |
| Other | - | - | - |
| IND | Rs 4.64 Cr | Rs 9.99 Cr | 2.16x |
| Fixed price | - | Rs 9.99 Cr | - |
| Total | Rs 8.42 Cr | Rs 18.78 Cr | 2.23x |
Vashishtha Luxury Fashion SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 63 | 2 | 0.03x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 1 | - |
| NII | 74 | 100 | 1.35x |
| bNII (above Rs 10L) | 49 | 47 | 0.96x |
| Corporate | - | 7 | - |
| Individual | - | 38 | - |
| Other | - | 2 | - |
| sNII (Rs 2L to Rs 10L) | 25 | 53 | 2.12x |
| Corporate | - | - | - |
| Individual | - | 53 | - |
| Other | - | - | - |
| IND | 174 | 375 | 2.16x |
| Fixed price | - | 375 | - |
| Total | 311 | 477 | 1.53x |
What Do These Subscription Numbers Mean?
A subscription of 2.18x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.27x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.27x, it reflects serious institutional conviction.
NII at 1.35x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.96x and sNII at 2.12x by applications. Share subscription was 2.62x. Allotment uses application count, not share volume.
At 2.16x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~46% per application). Retail allotment is done by lottery when oversubscribed.
Vashishtha Luxury Fashion SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 2.16x.
- •Allotment odds: about 1 in 2 (~46% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 2.12x.
- •Allotment odds: about 1 in 2 for a minimum-lot application (~47% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.96x.
- •Share subscription was 2.85x. Allotment uses application count, not share volume.
Check the Vashishtha Luxury Fashion SME IPO Allotment Status page from 11 September 2025 for your allotment result.
Vashishtha Luxury Fashion SME IPO GMP After Subscription
GMP for Vashishtha Luxury Fashion SME stands at Rs 8.00 today, giving an estimated listing price of Rs 119.00 per share.
A subscription of 2.18x combined with a GMP of 7.21% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Vashishtha Luxury Fashion SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Vashishtha Luxury Fashion SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 5 Sept 2025 | 0.00x | 0.01x | 0.13x | 0.08x |
| Day 2 - 8 Sept 2025 | 0.00x | 0.00x | 0.32x | 0.18x |
| Day 3 - 9 Sept 2025 | 1.00x | 1.09x | 1.16x | 1.12x |
| Day 4 - 10 Sept 2025 | 1.27x | 2.47x | 2.16x | 2.18x |
Vashishtha Luxury Fashion SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 5 September 2025 |
| IPO Close Date | 10 September 2025 |
| Allotment Date | 11 September 2025 |
| Refund Initiation | 12 September 2025 |
| Share Credit to Demat | 12 September 2025 |
| Listing Date | 15 September 2025 |
| Minimum Investment | Rs 2,66,400.00 |
| Lot Size | 1200 shares |
About Vashishtha Luxury Fashion SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Vashishtha Luxury Fashion SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Vashishtha Luxury Fashion SME IPO Allotment Status
Check allotment result on allotment date
Vashishtha Luxury Fashion SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Vashishtha Luxury Fashion SME IPO Subscription FAQs
What is Vashishtha Luxury Fashion SME IPO subscription status today?
Vashishtha Luxury Fashion SME IPO subscription closed on 10 September 2025 with overall subscription of 2.18x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 1.27x, NII 1.35x, IND 2.16x.
What is the overall subscription of Vashishtha Luxury Fashion SME IPO?
Vashishtha Luxury Fashion SME IPO is subscribed 2.18x overall by shares at close on 10 September 2025. QIB 1.27x, NII 1.35x, and IND 2.16x.
What is Vashishtha Luxury Fashion SME IPO QIB subscription?
Vashishtha Luxury Fashion SME IPO QIB (Qualified Institutional Buyers) subscription is 1.27x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Vashishtha Luxury Fashion SME IPO IND subscription?
Vashishtha Luxury Fashion SME IPO IND subscription is 2.16x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Vashishtha Luxury Fashion SME IPO NII subscription?
Vashishtha Luxury Fashion SME IPO NII (Non-Institutional Investors) subscription is 1.35x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Vashishtha Luxury Fashion SME IPO for retail?
At 2.16x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~46% per application). Allotment is done by lottery.
When is Vashishtha Luxury Fashion SME IPO allotment date?
Vashishtha Luxury Fashion SME IPO allotment date is 11 September 2025. Check Vashishtha Luxury Fashion SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Vashishtha Luxury Fashion SME IPO subscription close?
Vashishtha Luxury Fashion SME IPO subscription closed on 10 September 2025. No new applications are accepted after the close.
What is Vashishtha Luxury Fashion SME IPO GMP today?
Vashishtha Luxury Fashion SME IPO GMP is ₹8 today (+7.21% over issue price ₹111). See live GMP on the Vashishtha Luxury Fashion SME IPO GMP Today page.
What is Vashishtha Luxury Fashion SME IPO issue price and lot size?
Vashishtha Luxury Fashion SME IPO issue price is ₹111 per share. Lot size is 1200 shares. Minimum investment is ₹2,66,400 per lot (minimum 2 lots for SME). Issue size: ₹8.42 Cr.
When is Vashishtha Luxury Fashion SME IPO listing date?
Vashishtha Luxury Fashion SME IPO listing date is 15 September 2025 on NSE and BSE. Allotment is on 11 September 2025.
How does subscription affect Vashishtha Luxury Fashion SME IPO allotment?
Allotment odds in Vashishtha Luxury Fashion SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 1.35x by applications means roughly 1 in 1 for minimum-lot bids. At 2.18x overall, competition is moderate.
For allotment results from 11 September 2025, visit the Vashishtha Luxury Fashion SME IPO Allotment Status page. For listing day updates on 15 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.