Vaibhav Vyapaar IPO: dates, price band, lot size and GMP
Vaibhav Vyapaar IPO opens 13 – 15 Oct 2026 on the SME, price band ₹50 – ₹52, lot 2,000 shares, no GMP reported yet. Allotment 16 Oct, listing 21 Oct.
Listing date: Vaibhav Vyapaar IPO is scheduled to list on 21 Oct on NSE SME.
Updated 8 Oct 2026, 14:01 IST. Dated dealer references.
BuyUnlistedShares tracks 200 IPOs on its calendar; the Vaibhav Vyapaar IPO has a price band of ₹50 – ₹52, a lot of 2,000 shares and no grey-market premium reported yet as of 08 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 13 – 15 Oct 2026 |
| Price band | ₹50 – ₹52 |
| Lot size | 2,000 shares |
| Issue size | ₹40.54 Cr |
| Fresh issue | ₹38.51 Cr |
| Subscription | — |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | GetFive Advisors Pvt.Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 13 Oct
- Issue closes: 15 Oct
- Allotment: 16 Oct
- Refunds: 19 Oct
- Demat credit: 19 Oct
- Listing: 21 Oct
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹146.55 Cr |
| P/E (pre-issue) | 53.61x |
| P/E (post-issue) | 16.25x |
| Fresh issue (shares) | 74,06,000 |
| Total shares offered | 74,06,000 |
| Promoter holding pre-issue | 99.99% |
| Promoter holding post-issue | 72.34% |
| Promoters | Itha Venkata Raghava Gowrinath, CapFront Technologies Pvt.Ltd. |
| Lead managers | GetFive Advisors Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | vaibhav.ipo@kfintech.com |
| Company website | vaibhav-vyapaar.com |
| Anchor bid date | 12 Oct 2026 |
| Anchor lock-in ends (50%) | 15 Nov 2026 |
| Anchor lock-in ends (remaining) | 14 Jan 2027 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 4,000 | ₹2,08,000 |
| Retail (maximum) | 2 | 4,000 | ₹2,08,000 |
| sNII (minimum) | 3 | 6,000 | ₹2,08,000 |
| bNII (minimum) | 3 | 6,000 | ₹10,40,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.7% | 22,00,000 | |
| QIB | 20.2% | 14,94,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 15.1% | 11,16,000 | Not less than 15% of the Net Issue |
| sNII | 5% | 3,72,000 | |
| bNII | 10% | 7,44,000 | |
| Retail | 35.1% | 25,96,000 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 3,90,000 |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹0.97 |
|---|---|
| EPS (post-issue) | ₹3.2 |
| P/E (pre-issue) | 53.61x |
| P/E (post-issue) | 16.25x |
| RoNW | 6.75% |
| RoCE | 26.99% |
| RoE | 6.99% |
| PAT margin | 5.36% |
| EBITDA margin | 29.47% |
| Price / book | 2.87x |
| NAV per share | ₹18.13 |
| Debt / equity | 1.6 |
| Market cap (upper band) | ₹146.55 Cr |
Financials (₹ Cr)
| Metric | 31 Jul 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 96.16 | 84.23 | 55.04 | 61.18 | +53% |
| Total Income | 18.15 | 37.64 | 25.34 | 25.46 | +48.5% |
| Profit After Tax | 3.01 | 1.97 | 1.48 | 0.45 | +33.1% |
| EBITDA | 7.51 | 10.84 | 7.07 | 5.38 | +53.3% |
| NET Worth | 47.2 | 29.19 | 27.22 | 25.74 | +7.2% |
| Reserves and Surplus | 37 | 21.14 | 23.19 | 21.71 | −8.8% |
| Total Borrowing | 37.9 | 46.8 | 22.66 | 26.76 | +106.5% |
About Vaibhav Vyapaar
Vaibhav Vyapaar Limited is an RBI-registered Non-Banking Financial Company (NBFC) engaged in providing digital lending solutions to retail customers across India. The company primarily offers unsecured personal loans to salaried and self-employed individuals through a technology-enabled platform, operating under both direct lending and co-lending arrangements.
Its lending services are delivered through the "LoanFront" mobile application, which facilitates the entire loan lifecycle digitally, including customer onboarding, credit assessment, documentation, loan disbursement, and repayment management. The company leverages automated underwriting processes, digital verification systems, and data-driven risk evaluation tools to streamline lending operations and enhance credit decision-making.
Apart from its lending business, Vaibhav Vyapaar also provides technology and application support services to other NBFCs, creating an additional source of revenue. The company primarily caters to retail borrowers, with a focus on first-time credit seekers and salaried individuals in the low- to middle-income segment, while expanding its reach across urban and semi-urban markets through a scalable digital infrastructure.
Objects of the issue
- Augment the capital base of the company — ₹32 Cr
- General Corporate Purpose
Net proceeds: ₹32 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Vaibhav Vyapaar (issuer) | 1.22 | 1.22 | 18.13 | — | 6.75% | — |
| Paisalo Digital Ltd. | 2.59 | 2.59 | 19.49 | 30.53x | 13.24% | — |
| Apollo Finvest India Ltd. | 18.63 | 18.63 | 199.03 | 22x | 9.36% | — |
| Moneyview Ltd. | 0.76 | 0.75 | 52.78 | — | 5.85% | — |
Notes: The financial figures mentioned above of the issuer company is taken from the restated financials statement as on 31 March 2026. The financial details like face value, EPS, RONW, NAV and Total Income of all the peer group companies is taken from the annual financial results of the company on the standalone basis as on 31 March 2026. PE of the Peer companies is taken on 07.10.2026 from BSE.
Risk factors (as disclosed by the company)
- Our success depends on retaining and expanding our customer base — Our success and future growth depend on our ability to continue to attract new customers and to expand our AUM from existing customers.
- Our lending operations primarily involve unsecured loans to borrowers with a relatively higher risk profile — We offer unsecured personal loans to salaried individuals and self-employed individuals.
- Our business is dependent on our technology platform, and any disruption or failure may adversely affect our operations and financial performance — Our business operations are highly dependent on the continuous availability, reliability, scalability and security of our mobile application and underlying technology infrastructure, which are…
- Our digital lending operations are significantly dependent on third-party software vendors and service providers for critical functions such as customer… — Our digital lending platform relies extensively on third-party software vendors and service providers to perform critical functions across the loan lifecycle, including but not limited to identity…
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our company — The restated financial statements of our Company for the financial years ended March 31, 2026, March 31, 2025 and March 31, 2024 have been furnished by a peer-reviewed chartered accountant who is…
- Inadequate payment of stamp duty on a previously executed Business Transfer Agreement with our holding company — In the past, our Company entered into a Business Transfer Agreement (“BTA”) with our holding company, Capfront Technologies Private Limited, pursuant to which certain business and assets were…
- Any acquisition of 26% or more of our paid-up equity share capital requires prior approval of the Reserve Bank of India — Our Company is a non-banking financial company, we are regulated by the Reserve Bank of India (“RBI”).
- Our digital lending operations rely on the continued permission granted by our holding company, Capfront Technologies Private Limited — Our digital lending operations and customer engagement are substantially dependent on the continued use of a domain name that is legally registered in the name of our holding company namely Capfront…
From the DRHP (risk factors pages 32–36). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Vaibhav Vyapaar IPO GMP today and trend
- Vaibhav Vyapaar IPO subscription status, day by day
- Vaibhav Vyapaar IPO allotment status and how to check
Frequently asked questions
When does the Vaibhav Vyapaar IPO open and close?
The issue is scheduled for 13 – 15 Oct 2026.
What is the Vaibhav Vyapaar IPO price band?
The price band is ₹50 – ₹52 per share with a lot size of 2,000 shares.
How big is the Vaibhav Vyapaar IPO?
The total issue size is ₹40.54 Cr.
When will Vaibhav Vyapaar list?
The tentative listing date is 21 Oct on the SME platform.
How do I apply for the Vaibhav Vyapaar IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Vaibhav Vyapaar · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Vaibhav Vyapaar · as filed · getfive.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 16 Oct · ipostatus.kfintech.com
- NSE public issues page · listing 21 Oct · nseindia.com
- Vaibhav Vyapaar company website · vaibhav-vyapaar.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 8 Oct, 07:58 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Vaibhav Vyapaar IPO”, https://buyunlistedshares.com/ipo/vaibhav-vyapaar-ipo, as of 08 Oct 2026.
Other IPOs on the calendar
- HD Fire Protect IPO · 13 – 15 Oct 2026
- Ravita Engineering Services IPO · 13 – 15 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 08 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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