Vashishtha Luxury Fashion Ltd - IPO

Vashishtha Luxury Fashion Ltd IPO Details

Initial public offer of up to 7,99,200 equity shares of face value of Rs. 10/- each (the Equity Shares) of Vashishtha Luxury Fashion Limited (Our Company or the Issuer) at an issue price of Rs. 111 per equity share (including share premium of Rs.101 per equity share) for cash, aggregating up to Rs.8.87 crores (Public Issue) out of which 40,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating Rs.0.45 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 7,58,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating up to Rs. 8.41 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 33.91% and 32.20% respectively of the post- issue paid-up equity share capital of the company.

Objective of issue

Funding capital exp requirement of the company towards purchase of Embroidery Machines for expansion. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Vashishtha Luxury Fashion Ltd Contact Details

Vashishtha Luxury Fashion Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@vashishthaluxuryfashion.com

Website - www.vashishthaluxuryfashion.com