Vaibhav Vyapaar IPO is an SME Book Built public issue by Vaibhav Vyapaar Limited. The company is engaged in the financial services business and operates as a non-banking financial company (NBFC), with its digital lending platform LoanFront forming an important part of its operations. The company focuses on technology-enabled lending solutions and aims to provide accessible financial services to borrowers through its digital ecosystem.
The IPO comprises an entirely fresh issue of equity shares, with no Offer for Sale component. The company proposes to raise funds through the public issue to strengthen and augment its capital base and meet general corporate requirements. The fresh issue proceeds are expected to support the company’s lending activities and business expansion. The equity shares are proposed to be listed on the NSE SME platform after completion of the IPO process, subject to applicable regulatory and listing requirements.
Vaibhav Vyapaar Limited provides lending and technology-enabled financial services through its digital lending ecosystem. The company serves borrowers through its LoanFront platform and also provides application and technology services to other NBFCs, supporting digital processes across the lending lifecycle. Its business is supported by technology, financial services operations, risk management and regulatory compliance. Investors should evaluate the company’s financial performance, lending operations, asset quality, capital position, technology platform, business strategy, valuation and associated risks before investing.
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IPO Details
Vaibhav Vyapaar IPO is a Book Built Issue in the SME segment. The issue consists entirely of a fresh issue, meaning the company will receive the proceeds raised through the public issue. The IPO is proposed to be listed on NSE SME.
| IPO Details | Information |
|---|---|
| IPO Name | Vaibhav Vyapaar IPO |
| Company Name | Vaibhav Vyapaar Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹50 to ₹52 Per Share |
| Issue Size | ₹40.54 Crore |
| Fresh Issue | 77,96,000 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 13 October 2026 |
| IPO Close Date | 15 October 2026 |
| Basis of Allotment | 16 October 2026 |
| Refund Initiation | 19 October 2026 |
| Shares Credited to Demat Account | 19 October 2026 |
| Listing Date | 21 October 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 2,000 Shares |
| Minimum Investment | ₹2,08,000 |
| Registrar | KFin Technologies Limited |
| Lead Manager | GetFive Advisors Private Limited |
The IPO follows the book-building process, under which investors can bid within the specified price band. After the issue closes, the registrar will finalise the basis of allotment, initiate refunds for unsuccessful applicants and facilitate the credit of shares to successful investors before listing.
IPO Dates
Vaibhav Vyapaar IPO follows a scheduled process covering the bidding period, allotment, refund, demat credit and listing. The IPO opens on 13 October 2026 and closes on 15 October 2026. The basis of allotment is expected to be finalised on 16 October 2026, followed by refunds and demat credit on 19 October 2026. The shares are scheduled to list on 21 October 2026.
| Event | Date |
|---|---|
| IPO Open Date | 13 October 2026 |
| IPO Close Date | 15 October 2026 |
| Basis of Allotment | 16 October 2026 |
| Refund Initiation | 19 October 2026 |
| Shares Credited to Demat Account | 19 October 2026 |
| Listing Date | 21 October 2026 |
IPO Reservation
Vaibhav Vyapaar IPO follows the SME IPO reservation structure for the net issue. The issue provides allocation for Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors. A separate market maker portion is also provided as required for the SME issue.
| Category | Reservation |
|---|---|
| QIB | 50% |
| NII | 15% |
| Retail | 35% |
The reservation structure determines how the net issue is distributed among different categories of investors. Retail investors should also consider the higher minimum application requirement applicable to this SME IPO before applying.
Vaibhav Vyapaar IPO Lot Size
The Vaibhav Vyapaar IPO lot size is 2,000 equity shares. At the upper price band of ₹52 per share, one lot represents an application value of ₹1,04,000. However, the minimum application for an individual investor is two lots, or 4,000 shares, resulting in a minimum investment of ₹2,08,000 at the upper price band.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,08,000 |
| Retail Maximum | 2 | 4,000 | ₹2,08,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,12,000 |
| S-HNI Maximum | 9 | 18,000 | ₹9,36,000 |
| B-HNI Minimum | 10 | 20,000 | ₹10,40,000 |
The bid quantity must be placed in multiples of 2,000 shares. Investors should ensure that they meet the applicable SME IPO investment requirements before submitting an application.
About Vaibhav Vyapaar IPO
Vaibhav Vyapaar Limited is a non-banking financial company engaged in providing technology-enabled financial services. The company operates through its digital lending ecosystem and focuses on providing lending solutions to customers through its LoanFront platform. Its operations combine financial services with technology to support digital customer acquisition, loan processing and servicing.
The company’s LoanFront platform supports its digital lending activities and provides technology-driven processes for customer onboarding, application processing and loan servicing. The platform has facilitated loans for customers and forms an important part of the company’s digital distribution and lending operations. The company uses technology and digital processes to improve the accessibility and efficiency of its financial services.
Vaibhav Vyapaar also provides application and technology services to other NBFCs, enabling them to use technology-driven solutions for their financial services operations. Through its own lending activities and technology services, the company operates across different areas of the digital financial-services ecosystem. Its business model is supported by technology infrastructure, lending operations, risk management and regulatory processes.
Vaibhav Vyapaar IPO Financial Information
The company’s financial performance showed improvement in income and profitability during FY2026. Total income increased to ₹37.64 crore in FY2026 from ₹25.34 crore in FY2025, while profit after tax increased to ₹1.97 crore from ₹1.48 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹25.46 Cr | ₹0.45 Cr | ₹61.18 Cr | ₹25.74 Cr |
| FY2025 | ₹25.34 Cr | ₹1.48 Cr | ₹55.04 Cr | ₹27.22 Cr |
| FY2026 | ₹37.64 Cr | ₹1.97 Cr | ₹84.23 Cr | ₹29.19 Cr |
The company’s assets increased considerably in FY2026, while net worth also improved. At the same time, borrowings increased, which investors should consider while assessing the company’s capital structure and financial risk.
Vaibhav Vyapaar IPO Key Performance Indicators (KPIs)
Vaibhav Vyapaar reported a 6.99% ROE, 26.99% ROCE, 6.75% RoNW and 5.36% PAT margin for FY2026. The company’s debt-to-equity ratio stood at 1.60x.
| KPI | FY2026 |
|---|---|
| ROE | 6.99% |
| ROCE | 26.99% |
| RoNW | 6.75% |
| PAT Margin | 5.36% |
| EBITDA Margin | 29.47% |
| Debt / Equity | 1.60x |
Vaibhav Vyapaar IPO Valuation
At the upper price band of ₹52, the company is being valued based on its post-issue capital structure and earnings. The reported pre-IPO EPS is approximately ₹0.97, while post-IPO EPS is approximately ₹0.70.
| Metric | Value |
|---|---|
| Pre-IPO EPS | ₹0.97 |
| Post-IPO EPS | ₹0.70 |
| NAV | ₹18.13 |
| Pre-IPO Promoter Holding | 100% |
| Post-IPO Promoter Holding | 80.30% |
The valuation should be considered alongside the company’s profitability, return ratios, debt levels, lending portfolio and future capital requirements.
Objects of the Vaibhav Vyapaar IPO
The company proposes to utilise the net proceeds from the fresh issue primarily to strengthen its capital base and meet general corporate requirements.
- Augment the capital base of the company.
- General Corporate Purpose.
The capital raised through the IPO is expected to support the company’s financial position and provide additional resources for its lending business and other corporate requirements.
Vaibhav Vyapaar IPO GMP Review
Vaibhav Vyapaar IPO GMP represents the unofficial premium or discount at which the shares may reportedly trade in the grey market before the official listing on the stock exchange. The grey market premium is not an official indicator of the IPO’s performance and is not regulated or verified by the stock exchanges or the company. It can change frequently based on market sentiment, investor demand, broader market conditions and expectations surrounding the IPO.
Investors often track the Vaibhav Vyapaar IPO GMP to get an indicative view of the market’s interest in the issue and to estimate a possible listing price. However, GMP figures are based on unofficial market activity and should not be considered a guaranteed indication of the actual listing price or listing gains. The final listing price may differ significantly from the prevailing grey market premium due to changes in demand, market conditions and trading sentiment.
The Vaibhav Vyapaar IPO GMP should therefore be considered only as one of several factors while evaluating the IPO. Investors should also review the IPO price band, subscription figures, financial performance, valuation, business prospects and associated risks before making an investment decision.
Vaibhav Vyapaar IPO GMP
| Date | GMP (₹) | Sub2 (₹) | Kostak (₹) |
|---|---|---|---|
| 8 October 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated |
Vaibhav Vyapaar IPO Subscription Status
Vaibhav Vyapaar IPO subscription status will be updated after the issue opens for bidding on 13 October 2026. Investors can track category-wise subscription in QIB, NII and Retail portions during the IPO period.
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 13 October 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated | Yet to be Updated |
| 14 October 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated | Yet to be Updated |
| 15 October 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated | Yet to be Updated |
Vaibhav Vyapaar IPO Review
Vaibhav Vyapaar IPO gives investors exposure to a technology-enabled lending business operating through the LoanFront digital platform. The company has reported growth in income and profit and has expanded its asset base. Its technology platform and NBFC operations provide opportunities to grow its lending activities.
However, the company operates in a competitive and regulated financial-services environment. Rising borrowings, asset-quality risks, dependence on technology infrastructure and regulatory requirements are important factors that investors should examine before applying.
Vaibhav Vyapaar IPO Strengths
- Technology-enabled lending platform: LoanFront provides a digital channel for customer acquisition and lending operations.
- Growing financial performance: Total income and PAT increased in FY2026 compared with FY2025.
- Diversified financial-services activity: The company also provides application and technology services to other NBFCs.
- Capital augmentation: IPO proceeds are intended to strengthen the company’s capital base.
- Established digital presence: The platform has built a sizeable registered user base and loan-disbursement history.
Vaibhav Vyapaar IPO Risk Factors
- Credit risk: Lending operations are exposed to borrower defaults and deterioration in asset quality.
- Regulatory risk: NBFC operations are subject to RBI regulations and changes in financial-sector requirements.
- Higher borrowings: The company’s borrowing levels increased significantly in FY2026.
- Technology dependence: Business operations depend heavily on digital systems, platforms and technology infrastructure.
- Competition: The company competes with banks, NBFCs and other digital lending platforms.
- Limited operating scale: The company has a relatively small financial base compared with larger financial institutions.
Vaibhav Vyapaar IPO Promoters
Vaibhav Vyapaar Limited is promoted by Capfront Technologies Private Limited and Itha Venkata Raghava Gowrinath. The promoters held approximately 100% of the company’s pre-issue share capital, while promoter holding is expected to reduce after the IPO.
| Promoter | Pre-Issue Holding |
|---|---|
| Capfront Technologies Private Limited | 99.98% |
| Itha Venkata Raghava Gowrinath | 0.01% |
Vaibhav Vyapaar IPO Management Team
Vaibhav Vyapaar Limited is led by an experienced management team with expertise in technology, financial services, operations, risk management, business strategy, and corporate governance. The leadership team focuses on the overall management of the company, technology-led financial services, operational efficiency, risk management, and long-term business growth.
| Name | Designation |
|---|---|
| Gowrinath Venkata Raghava Itha | Managing Director |
| Ganeshprasad Ravindra Pavaskar | Whole-Time Director |
| Satyanarayana Reddy Veera Venkata Mallidi | Additional Director |
| Pankaj Kumar Sharma | Independent Director |
| Swati Adlakha | Independent Director |
| Gopal Natarajan | Independent Director |
Vaibhav Vyapaar IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | https://ipostatus.kfintech.com |
| Email ID | [email protected] |
| Contact Number | +91 40 7961 5565 |
Vaibhav Vyapaar IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance, and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | GetFive Advisors Private Limited |
| Website | https://www.getfive.in |
| Email ID | Yet to be Updated |
| Contact Number | Yet to be Updated |
Vaibhav Vyapaar Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Vaibhav Vyapaar Limited |
| Registered Office | Arch Square-X2, Unit-1406, 14th Floor, EP-GP Block, Sector V, Bidhannagar, Kolkata, West Bengal – 700091 |
| Website | https://www.vaibhav-vyapaar.com |
| Email ID | [email protected] |
| Contact Number | +91 9986611345 |
How to Check Vaibhav Vyapaar IPO Allotment Status
Investors can check the Vaibhav Vyapaar IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through KFin Technologies Limited
- Visit the official KFin Technologies IPO allotment portal.
- Select Vaibhav Vyapaar IPO from the available IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details correctly.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Vaibhav Vyapaar IPO from the IPO list.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to check the allotment status.
Vaibhav Vyapaar IPO Listing Performance
Vaibhav Vyapaar IPO is scheduled to list on the NSE SME platform on 21 October 2026. The actual listing price will be determined by market demand, subscription levels, investor sentiment and prevailing market conditions. Since the IPO has not listed yet, the listing price and listing gain will be updated after the shares are listed.
Should You Invest in the Vaibhav Vyapaar IPO?
Investors considering Vaibhav Vyapaar IPO should evaluate the company’s digital lending business, financial performance, capital requirements, borrowing levels, asset quality and valuation. The company has shown improvement in income and profitability, but its relatively small scale and exposure to lending-related risks require careful consideration.
The IPO is suitable for investors who understand the higher risks associated with SME stocks and NBFC businesses and are comfortable with the minimum investment requirement applicable to the issue.
Conclusion
Vaibhav Vyapaar IPO provides an opportunity to invest in a technology-enabled NBFC business with operations centred around digital lending and financial technology services. The company has reported improvement in income, profitability and assets, while the IPO proceeds are intended to strengthen its capital base.
At the same time, investors should consider the company’s borrowing levels, lending-related risks, regulatory environment, competitive landscape and SME-market risks before making an investment decision. The final investment decision should be based on the company’s offer documents, financial performance, valuation and individual risk appetite.
Frequently Asked Questions (FAQs)
What is the Vaibhav Vyapaar IPO?
Vaibhav Vyapaar IPO is an SME Book Built public issue of Vaibhav Vyapaar Limited comprising a fresh issue of equity shares.
What is the price band of Vaibhav Vyapaar IPO?
The price band of Vaibhav Vyapaar IPO is ₹50 to ₹52 per equity share.
What is the lot size of Vaibhav Vyapaar IPO?
The lot size is 2,000 equity shares. Retail investors need to apply for a minimum of two lots, or 4,000 shares.
When will Vaibhav Vyapaar IPO open and close?
The IPO opens on 13 October 2026 and closes on 15 October 2026.
Where will Vaibhav Vyapaar shares be listed?
Vaibhav Vyapaar shares are scheduled to be listed on the NSE SME platform on 21 October 2026.
What is Vaibhav Vyapaar IPO GMP?
Vaibhav Vyapaar IPO GMP is the unofficial premium or discount reportedly available in the grey market before listing. It is not an official or guaranteed indicator of the listing price.
What was the Final GMP?
The final GMP will be available after the IPO bidding period and before listing, subject to grey-market activity. It is currently Yet to be Updated.
What was the Actual Listing Price?
The actual listing price will be known on the scheduled listing date of 21 October 2026.
Who is the registrar of Vaibhav Vyapaar IPO?
KFin Technologies Limited is the registrar to the Vaibhav Vyapaar IPO.
Who is the lead manager of Vaibhav Vyapaar IPO?
GetFive Advisors Private Limited is the Book Running Lead Manager for the Vaibhav Vyapaar IPO.
