The Vaibhav Vyapaar IPO is a book-built SME issue for a total of ₹42.10 crores. The issue comprises only fresh issue of 77.96 lakh shares, with no OFS. The issue opening date for subscription is 13-oct-2026 and the last date for subscription is 15-oct -2026. The allotment date for shares is 16-oct -2026 and the listing date on NSE SME platform is likely to be 21-oct-2026.
The price band for the IPO has been fixed at ₹51 to 54 and the market lot is 2000 shares. Investors in the retail category need to look at the minimum investment of 4,000 shares or ₹2,16,000 while high net-worth individuals have to invest at least 6,000 shares or ₹3,24,000. The book running lead manager to the issue is Get Five Advisors Pvt. Ltd. While Kfin Technologies Ltd. Is the registrar.
Vaibhav Vyapaar IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Vaibhav Vyapaar | Tue, Oct 13, 2026 | Wed, Oct 21, 2026 | https://ipostatus.kfintech.com/ |
Vaibhav Vyapaar IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 13 to 15 Oct, 2026 |
| Listing Date | Wed, Oct 21, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹51 to ₹54 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 77,96,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 3,90,000 shares (agg. up to ₹2 Cr) |
| Fresh Issue | 74,06,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 74,06,000 shares (agg. up to ₹40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,03,86,423 shares |
| Share Holding Post Issue | 2,81,82,423 shares |
Vaibhav Vyapaar IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Tue, Oct 13, 2026 |
| IPO Close Date | Thu, Oct 15, 2026 |
| Tentative Allotment | Fri, Oct 16, 2026 |
| Initiation of Refunds | Mon, Oct 19, 2026 |
| Credit of Shares to Demat | Mon, Oct 19, 2026 |
| Tentative Listing Date | Wed, Oct 21, 2026 |
Vaibhav Vyapaar Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,16,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,80,000 |
Issue Reservation
| Investor Category | Shares | % of Net Issue | Max Allottees |
|---|---|---|---|
| QIB | 36,94,000 | 49.88% | 47.38% |
| − Anchor Investor | 22,00,000 | 28.22% | |
| − QIB (Ex. Anchor) | 14,94,000 | 19.16% | |
| NII (HNI) | 11,16,000 | 15.07% | 14.32% |
| − bNII > ₹10L | 7,44,000 | 9.54% | |
| − sNII < ₹10L | 3,72,000 | 4.77% | |
| Retail | 25,96,000 | 35.05% | 33.30% |
| Firm Reservations | |||
| Market Maker | 3,90,000 | 5.00% | |
| Total | 77,96,000 | 100.00% | 100.00% |
Vaibhav Vyapaar IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 12-Oct 21:36 | ₹54 | ₹0 (0.00%) ─ | ₹54 | ₹0 |
| 11-Oct 21:36 | ₹54 | ₹0 (0.00%) ─ | ₹54 | ₹0 |
Overview of Vaibhav Vyapaar
Vaibhav Vyapaar Limited was established in February 2009 and is a progressive NBFC focusing on offering hassle-free digital unsecured personal loans to salaried and self-employed customers. Most of the company’s business activities are processed and completed digitally via its mobile application, ‘Loan Front’. This digital-first approach covers the entire process, including customer origination, document verification and customer due diligence, AI-led underwriting, and speedy credit disbursal and collection. The company is actively focusing on scaling its loan book by entering into co-lending arrangements with other partner NBFCs. Furthermore, the company leverages its technology stack by offering its fintech application and software-as-a-service (SaaS) to other institutions.
When all aspects of digital processes come together seamlessly, then the path is set for a company like Vaibhav Vyapaar to address the credit gap in low-income professional and first-time borrowers in India’s urban and semi-urban areas. The company, after completing a major turnaround in October 2019, when it was acquired by Cap Front Technologies Private Limited and commenced scale-up into full digitisation, is now cash-positive and well capitalised. It is backed by lean, experienced teams of 56 people across technology, operations and credit risk assessment, and has an AUM of ₹812.41 crore, a strong net worth of ₹471.96 crore and a debt-equity ratio of 0.80 as of July 31, 2026.
Key Competitive Strengths
- End-to-End Digital Architecture: Driven by the Loan Front ecosystem for automated credit underwriting, risk quickly measures, and quick onboarding.
- Targeted Financial Inclusion: Purpose-built to serve untapped segments, first-time credit seekers, and underbanked demographics.
- Flexible Business Model: Revenue stream diversification combining direct lending, co-lending frameworks, and tech-enabling B2B solutions.
- Data-Driven Risk Management: Disciplined underwriting policies backed by sophisticated credit algorithms to ensure asset quality.
- Experienced Leadership: Driven by an experienced team of senior executives with decades of leadership experience in the fintech industry and the financial services industry.
Company Financials
Vaibhav Vyapaar Financial Information (Restated Standalone)
| Period Ended | 31 Jul 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 96.16 | 84.23 | 55.04 | 61.18 |
| Total Income | 18.15 | 37.64 | 25.34 | 25.46 |
| Profit After Tax | 3.01 | 1.97 | 1.48 | 0.45 |
| EBITDA | 7.51 | 10.84 | 7.07 | 5.38 |
| Net Worth | 47.20 | 29.19 | 27.22 | 25.74 |
| Reserves and Surplus | 37.00 | 21.14 | 23.19 | 21.71 |
| Total Borrowing | 37.90 | 46.80 | 22.66 | 26.76 |
Key Performance Indicator (KPI)
The market cap. of Vaibhav Vyapaar IPO is for Pre IPO ₹106.01 Cr., & for Post IPO ₹152.19 Crores.
KPI as of Mar 31, 2026
| KPI | Jul 31, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 7.87% | 6.99% |
| ROCE | 12.44% | 26.99% |
| Debt/Equity | 0.80 | 1.60 |
| RoNW | 6.37% | 6.75% |
| PAT Margin | 16.70% | 5.36% |
| EBITDA Margin | 41.72% | 29.47% |
| NAV | 23.15 | 18.13 |
| Price to Book Value | 2.25 | 2.87 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.97 | 3.20 |
| P/E (x) | 53.61 | 16.25 |
| Company Promoters: | Itha Venkata Raghava Gowrinath and CapFront Technologies Pvt.Ltd.. | |
| Promoter and Promoter Group | 99.99% | 72.34% |
| Public | 0.01% | 27.66% |
| Total | 100% | 100% |
Vaibhav Vyapaar IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Augment the capital base of the company | 38.00 |
| General Corporate Purposes | – |
| Total | 32.00 |
Vaibhav Vyapaar IPO Contact Details
- Vaibhav Vyapaar Ltd.
- Arch Square-X2, Unit-1406
- 14th Floor, EP-GP Block, Sector V, Bidhannagar
- Bidhan Nagar CK Market, North 24 Parganas, Saltlak
- Kolkata, West Bengal, 700091
- 9986611345
- investors@vaibhavvyapaar.com
- Website: https://www.vaibhav-vyapaar.com/
Vaibhav Vyapaar IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 040-79615565 |
| Email: | vaibhav.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
Vaibhav Vyapaar IPO FAQs
When Vaibhav Vyapaar IPO become available?
The IPO will open on Tue, Oct 13, 2026.
What is the minimum lot size for the Vaibhav Vyapaar IPO?
The minimum lot size is 2,000 shares.
When will the shares for the Vaibhav Vyapaar IPO be allotted?
The allotment is expected to be finalized on Fri, Oct 16, 2026
What is the expected listing date for the Vaibhav Vyapaar IPO?
The tentative listing date is Wed, Oct 21, 2026.
How can I apply for the Vaibhav Vyapaar IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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