Vaibhav Vyapaar’s Rs 42.10 crore IPO opens for subscription on October 13, 2026, on the NSE SME platform. The company set a price band of Rs 51–54 per share. Investors can bid until October 15, 2026. The firm will use the money to strengthen its capital base after profits rose 33%.
Synopsis
Vaibhav Vyapaar’s Rs 42.10 crore IPO opens on October 13, 2026, on the NSE SME platform, with a price band of Rs 51–54 per share. The NBFC will use proceeds primarily to strengthen its capital base. FY26 income rose 48%, while profit increased 33%, reflecting improved financial performance and growth.
The initial public offering of Vaibhav Vyapaar opens for subscription on Tuesday, on the NSE SME platform. The issue will remain open for bidding for three days, closing on October 15, 2026.
Vaibhav Vyapaar IPO is a book-built issue worth Rs 42.10 crore, comprising an entirely fresh issue of 77.96 lakh shares. The allotment is expected to be finalised on October 16, while the company’s shares are tentatively scheduled to list on the NSE SME platform on October 21, 2026.
The company has fixed the price band for its IPO at Rs 51–54 per share. The minimum application lot comprises 2,000 shares. At the upper end of the price band, retail investors must apply for at least 4,000 shares, requiring a minimum investment of Rs 2,16,000.
For high-net-worth individual (HNI) investors, the minimum application size is three lots, or 6,000 shares, amounting to Rs 3,24,000 at the upper price band.
GetFive Advisors Pvt. Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is the registrar.
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Objects of the Vaibhav Vyapaar IPO
Vaibhav Vyapaar plans to utilise Rs 32 crore from the net IPO proceeds to augment its capital base. The remaining proceeds will be allocated towards general corporate purposes.
Financial performance
Vaibhav Vyapaar Ltd.'s total income increased 48% to Rs 38 crore in FY26 from Rs 25 crore in FY25. Its profit after tax (PAT) rose 33% to Rs 2 crore from Rs 1 crore over the same period.
About Vaibhav Vyapaar
Incorporated in February 2009, Vaibhav Vyapaar Ltd. is a non-banking financial company (NBFC) that offers unsecured personal loans to salaried and self-employed individuals through its digital lending platform, LoanFront. Its mobile application facilitates the entire lending process, including customer verification, credit assessment, documentation, disbursal and repayment. The company also provides loans through direct lending and co-lending arrangements with other NBFCs and earns revenue by offering technology and application services to them.
The company uses technology-driven tools for credit assessment and risk evaluation and has operated its digital lending business through LoanFront for six years. It was acquired by CapFront Technologies Private Limited in October 2019. As of July 31, 2026, the company reported assets under management (AUM) of Rs 812.41 crore, a net worth of Rs 471.96 crore and a debt-to-equity ratio of 0.80. It had 56 employees across functions, including technology, operations and risk management.
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