New Delhi, Sept. 5 -- The initial public offering of Vashishtha Luxury Fashion kicked off for subscription on Friday, September 5, witnessing a tepid demand for its share sale.

Vashishtha Luxury Fashion IPO will remain open for bidding till September 10. The Rs.8.87 crore SME IPO is entirely a fresh issue of 0.08 crore shares with no offer for sale component.

The price band for Vashishtha Luxury Fashion IPO has been fixed at Rs.109 to Rs.111 per share, with a minimum lot size of 1,200 shares. Retail investors need to apply for at least two lots, requiring an investment of Rs.2,66,400 at the upper end of the price band.

The allotment for Vashishtha Luxury Fashion IPO is expected to be finalised on September 11, while the shares are slat...