Vaibhav Vyapaar Limited
Bookbuilding IPO · NSE
- Price band
- ₹51 - ₹54
- Lot size
- 2,000 shares
- Issue amount
- ₹42.1 cr
- Total subscription
- 3.31×
- Opens
- 13 Oct 2026
- Closes
- 15 Oct 2026
- Allotment
- 16 Oct 2026
- Listing
- 21 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 77,96,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹42.1 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,08,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,03,86,423
- Shares after issue
- 2,79,86,423
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,16,000 |
| sHNI | 3 | 6,000 | ₹3,24,000 |
| bHNI | 10 | 20,000 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 15 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 649 | 1,751 |
| HNIs(10L +) | 124 | 291 |
| HNIs (2-10L) | 62 | 246 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.07 | 12.95 |
| RETAIL | 14.02 | 37.82 |
| HNIs 2+ | 2.01 | 8.43 |
| HNIs 10+ | 4.02 | 33.74 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| EPS | 1.66 | 1.22 | 0.92 | 0.28 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 12.44 | 26.99 | 15.72 | 15.67 |
| RONW | 6.37 | 6.75 | 5.44 | 1.77 |
| PRE IPO(PE) | 0 | 42.62 | 0 | 0 |
| POST IPO(PE) | 16.24 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Vaibhav Vyapaar Limited | 0 | 0 | 5.00 | 18.13 | 6.75 | 1.22 |
| Paisalo Digital Limited | 30.53 | 0 | 1.00 | 19.49 | 13.24 | 2.59 |
| Apollo Finvest (India) Limited | 22.00 | 0 | 10.00 | 199.03 | 9.36 | 18.63 |
| Moneyview Limited | 0 | 0 | 1.00 | 52.78 | 5.85 | 0.76 |
Company information
Company profile
Vaibhav Vyapaar Limited, incorporated in 2009, is an RBI-registered non-banking financial company (NBFC) that provides unsecured personal loans through its digital lending platform. Under its LoanFront brand, the company offers fully digital loan services, including application, verification, approval, disbursement, and repayment, through its mobile app. It serves salaried, self-employed, and first-time borrowers across urban and semi-urban India using technology-driven credit assessment and digital verification systems. In addition to lending, the company also provides technology and application services to other NBFCs, supporting its growth with a digital-first and customer-focused business model.
Strengths
- Strong Market & Customer Understanding: Direct interaction with customers through its application provides insights into market conditions and regional economic trends. This helps the Company develop loan products suited to customers’ income patterns and cash-flow requirements.
- Proprietary Digital Lending Platform: The Company operates its own digital lending platform, LoanFront , which manages customer information and loan disbursal records across different borrower segments. The platform is designed in accordance with RBI digital lending guidelines.
- Experienced Management Team: The Company has a team of professionals with expertise in financial services, credit operations and technology. Their involvement in operations, risk management and governance supports the Company’s growth and long-term value creation.
Risk factors
- Interest Rate Risk: Net interest income is influenced by changes in interest rates arising from RBI policies, inflation and market conditions. Finance costs accounted for 18.06% , 20.31% and 15.93% of total income in FY2026, FY2025 and FY2024, respectively, and further rate volatility could impact profitability.
- Customer Acquisition & Retention: Future growth depends on acquiring new customers and increasing AUM from existing customers. Around 80% of total AUM as of March 31, 2026 came from repeat customers, so failure to adapt to changing customer preferences could affect business and financial performance.
- Geographic Concentration of AUM: A significant portion of AUM is concentrated in southern states. Tamil Nadu, Karnataka, Telangana, Andhra Pradesh and Maharashtra together accounted for 77.09% of AUM as of March 31, 2026 , making the Company more exposed to regional economic and regulatory risks.
Promoters
Itha Venkata Raghava Gowrinath
CapFront Technologies Pvt. Ltd.
Registrar & documents
Lead manager
GetFive Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Arch Square-X2, Unit-1406, 14th Floor, EP-GP Block, Sector V, Bidhannagar, Kolkata, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, West Bengal, 700091
+919986611345
[email protected]Company website ↗Understanding LOANFRONT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.