Vaibhav Vyapaar IPO (₹30 cr) is open Oct 13–15 at ₹51–54. Check lot size, category-wise subscription, financials, allotment steps, listing date and FAQs.
Last updated: Tue, Oct 13, 2026, 11:11 AM IST
- IPO dates: Tue, Oct 13, 2026 to Thu, Oct 15, 2026
- Price band: ₹51 to ₹54 per share
- Lot size: 4,000 shares (₹2,16,000 at the upper band)
- Issue size: ₹30 crore
Vaibhav Vyapaar Ltd., a Non-Banking Financial Company providing unsecured personal loans through its digital platform, is raising ₹30 crore through its IPO, which opened on Tue, Oct 13, 2026, and closes on Thu, Oct 15, 2026, at a price band of ₹51 to ₹54 per share. The issue is currently open for subscription by retail and institutional investors. Here is everything you need to know about the Vaibhav Vyapaar IPO.
Vaibhav Vyapaar IPO Details
| Field | Value |
|---|---|
| IPO date | Tue, Oct 13, 2026 to Thu, Oct 15, 2026 |
| Listing date | To be announced |
| Face value | ₹5 per share |
| Price band | ₹51 to ₹54 per share |
| Lot size | 4,000 shares |
| Total issue size | 77,96,000 shares (₹30 crore) |
| Listing at | NSE |
| Lead managers | Getfive Advisors Pvt Ltd. (Formally known as Aavanya Advisors Pvt Ltd.) |
| Registrar | KFIN Technologies Ltd. |
Vaibhav Vyapaar IPO Timeline
| Event | Date |
|---|---|
| Anchor bidding | Mon, Oct 12, 2026 (tentative) |
| IPO opens | Tue, Oct 13, 2026 |
| IPO closes | Thu, Oct 15, 2026 |
| UPI mandate cut-off | Thu, Oct 15, 2026, 5 PM |
| Basis of allotment | Fri, Oct 16, 2026 (tentative) |
| Refunds initiated | Mon, Oct 19, 2026 (tentative) |
| Shares credited to demat | Mon, Oct 19, 2026 (tentative) |
| Listing date | Tue, Oct 20, 2026 (tentative) |
Dates other than IPO open, close and listing follow SEBI’s standard T+3 listing schedule (T = the close date) and can shift for exchange holidays.
About Vaibhav Vyapaar
Vaibhav Vyapaar Ltd. is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company provides unsecured personal loans to salaried and self-employed individuals. It operates through its digital lending platform, LoanFront, which is a mobile application that provides credit facilities to retail customers. As per the DRHP, the company generates revenue through interest from loans and advances, platform fees, commission income, foreclosure charges, and miscellaneous income.
Incorporated in 2009, the company has 15 years of operational experience. This includes six years as a wholly owned subsidiary of Capfront Technologies Private Limited. In 2026, the company was converted into a public limited company following a special resolution passed by shareholders in January 2026. The company maintains a focus on market understanding and customer insights gained through its digital platform interactions.
The company’s business model involves leveraging its digital platform to reach retail customers across various geographies. By utilizing its mobile application, it evaluates borrower creditworthiness through a disciplined underwriting framework. This process is supported by internal models designed to assess repayment capacity. The company has evolved significantly since its inception, transitioning from a subsidiary structure to a public limited entity. This operational history informs its current approach to financial services, credit operations, technology, and planning. The company serves a large number of customers and is not dependent on a single or few customers for its revenue generation. Its growth strategy remains tied to its digital lending capabilities and the expansion of its loan portfolio.
Vaibhav Vyapaar Financial Performance
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue from operations (₹ crore) | 367.99 | 250.49 | 252.54 |
| Total income (₹ crore) | 376.35 | 287.64 | 254.63 |
| Profit after tax (₹ crore) | 19.71 | 14.80 | 4.55 |
| Net worth (₹ crore) | 291.88 | 272.17 | 257.37 |
| Total borrowings (₹ crore) | 266.17 | 56.03 | 142.82 |
| EPS (₹) | 1.22 | 0.92 | 0.28 |
- Revenue from operations fell 0.8% in FY 2024-25, moving from ₹252.54 crore in FY 2023-24 to ₹250.49 crore, before growing 46.9% in FY 2025-26 to reach ₹367.99 crore.
- Profit after tax grew 225.4% in FY 2024-25, rising from ₹4.55 crore in FY 2023-24 to ₹14.80 crore, and further increased by 33.2% to ₹19.71 crore in FY 2025-26.
- The PAT margin, which measures profit as a percentage of revenue, stood at 1.8% in FY 2023-24, 5.91% in FY 2024-25, and 5.36% in FY 2025-26.
- The debt-to-equity ratio, representing total borrowings divided by net worth, was 0.91x in FY 2025-26, with total borrowings rising from ₹56.03 crore to ₹266.17 crore.
Vaibhav Vyapaar IPO Valuation and Key Ratios
| Metric | Value |
|---|---|
| Return on equity, FY 2025-26 (%) | 6.99 |
| Debt-to-equity, FY 2025-26 (x) | 0.91 |
| PAT margin, FY 2025-26 (%) | 5.36 |
The company reports a return on equity of 6.99% and a PAT margin of 5.36% for FY 2025-26. The debt-to-equity ratio is 0.91x for the same period. For comparison, the DRHP lists Paisalo Digital Limited and Apollo Finvest (India) Limited as peers in the NBFC industry. Paisalo Digital Limited reports an EPS of 2.59 and a PE ratio of 22.78, while Apollo Finvest (India) Limited reports an EPS of 18.63 and a PE ratio of 19.01.
Promoters and Shareholding
Promoters: Itha Venkata Raghava Gowrinath, Capfront Technologies Pvt Ltd..
| Holder | Pre-issue % | Post-issue % |
|---|---|---|
| Promoter & promoter group | 99.99% | — |
| Public | 0.01% | — |
The promoters of the company are Itha Venkata Raghava Gowrinath and Capfront Technologies Pvt Ltd. Before the issue, the promoter and promoter group held 99.99% of the company, while the public held 0.01%. The issue is a fresh issue of shares, which will result in a dilution of the existing promoter stake as new shares are issued to the public.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Augment the capital base | 32.00 |
The company intends to use the net proceeds from the fresh issue to augment its capital base, for which ₹32.00 crore has been allocated. It also plans to use the funds for general corporate purposes. The IPO consists entirely of a fresh issue of up to 76,00,000 equity shares, meaning all proceeds will go to the company to support its operations.
Strengths and Risks
Strengths
- The company leverages market understanding and customer insights gained through 15 years of operational experience.
- It operates the digital lending platform LoanFront, which provides credit facilities to retail customers.
- The management team comprises professionals experienced in financial services, credit operations, technology, and planning.
- The company employs a disciplined underwriting framework supported by models to evaluate borrower creditworthiness and repayment capacity.
Risks
- The business is vulnerable to interest rate risk, where volatility could affect net interest income and margins.
- The company has witnessed negative operating cash flows in the past.
- Failure to maintain the required capital adequacy ratio could adversely affect the company’s financial condition.
- There have been procedural delays regarding compliances for non-convertible debentures issued by the company.
Things Investors Should Know
- The minimum investment for retail investors is ₹2,16,000 for one lot of 4,000 shares at the upper price band.
- The IPO closes on Thu, Oct 15, 2026, with a UPI mandate cut-off at 5 PM on the same day.
- Getfive Advisors Pvt Ltd. is the lead manager, and KFIN Technologies Ltd. is the registrar for the issue.
- The issue is a fresh issue of shares; no money from the IPO goes to existing shareholders.
- There is no litigation against the promoters, though the company has one direct tax proceeding involving ₹2.30 Lakhs.
How to Check Vaibhav Vyapaar IPO Allotment Status
- Registrar: open the IPO allotment status page of KFIN Technologies Ltd., select Vaibhav Vyapaar, and enter your PAN, application number or DP/client ID.
- BSE: on bseindia.com, open the IPO allotment status page, choose “Equity”, select the issue name, and enter your application number and PAN.
- NSE: look up the issue on nseindia.com and use its application status option with your application number and PAN.
- Broker or UPI app: most brokers and UPI apps also show whether your application was allotted.
If you are not allotted shares, the amount blocked in your bank account through ASBA or your UPI mandate is released after the refund date. No money is debited.
Vaibhav Vyapaar IPO Listing Details
| Field | Value |
|---|---|
| Exchanges | NSE |
Vaibhav Vyapaar IPO FAQs
What is the Vaibhav Vyapaar IPO price band?
The price band for the Vaibhav Vyapaar IPO is set between ₹51 and ₹54 per share. Most retail investors typically choose to bid at the upper end of the price band, which is ₹54 per share, to increase their chances of a successful allotment.
When does the Vaibhav Vyapaar IPO open and close?
The Vaibhav Vyapaar IPO opened for subscription on Tue, Oct 13, 2026. The issue is scheduled to close on Thu, Oct 15, 2026. Investors must ensure their applications and UPI mandates are submitted by the cut-off time of 5 PM on the closing date.
What is the Vaibhav Vyapaar IPO lot size and minimum investment?
The lot size for this IPO is 4,000 shares. At the upper price band of ₹54 per share, the minimum investment required for a single retail application is ₹2,16,000. Investors must apply for shares in multiples of this lot size.
What is the Vaibhav Vyapaar IPO allotment date and how do I check allotment status?
The basis of allotment for the Vaibhav Vyapaar IPO is tentatively scheduled for Fri, Oct 16, 2026. Once the allotment is finalized, you can check your status on the website of the registrar, KFIN Technologies Ltd., or through your broker’s portal using your application number or PAN.
Who are the promoters of Vaibhav Vyapaar and how much will they hold after the IPO?
The promoters of Vaibhav Vyapaar are Itha Venkata Raghava Gowrinath and Capfront Technologies Pvt Ltd. Before the IPO, the promoter and promoter group held 99.99% of the company’s equity. Their exact shareholding percentage after the completion of the fresh issue is not currently specified in the available documents.
How will Vaibhav Vyapaar use the IPO money?
The company plans to use the net proceeds from the fresh issue primarily to augment its capital base, with an allocation of ₹32.00 crore for this purpose. The remaining funds will be utilized for general corporate purposes to support the company’s ongoing business activities and growth requirements.
Who is the registrar and lead manager of the Vaibhav Vyapaar IPO?
The lead manager for the Vaibhav Vyapaar IPO is Getfive Advisors Pvt Ltd., which was formerly known as Aavanya Advisors Pvt Ltd. The registrar responsible for managing the share allotment and refund process is KFIN Technologies Ltd. You can reach out to them for queries regarding your application.
Is the Vaibhav Vyapaar IPO a fresh issue or an offer for sale?
The Vaibhav Vyapaar IPO is entirely a fresh issue of up to 76,00,000 equity shares. There is no offer for sale component in this IPO, which means that all the money raised through the issue will go directly to the company rather than to existing shareholders.
What are the key risks of the Vaibhav Vyapaar IPO?
Key risks include interest rate volatility affecting net interest margins, past negative operating cash flows, and the requirement to maintain specific capital adequacy ratios. Additionally, the company has faced procedural delays regarding non-convertible debenture compliances and must manage potential conflicts of interest and outstanding tax litigation involving the company and its directors.
This article is for information only and is not investment advice. Business, risk and litigation details are as per the company’s DRHP; issue, financial and exchange data are from ThePip’s IPO database as of Tue, Oct 13, 2026, 11:11 AM IST. IPO investments are subject to market risks; read the offer document carefully before investing.
