Vaibhav Vyapaar IPO
Updated 20 Oct 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,16,000
2 lots · 4,000 shares at the upper price band
Price band
₹54
Latest GMP
₹4
+7.4% of the ₹54 upper band
Est. listing price
₹59
Issue size
₹42.1 Cr
As NSE lists it
The exchange's own issue data, NSE symbol LOANFRONT · read 21 Oct 2026, 12:15 am
- Price band
- ₹51–54
- Bidding
- 13 Oct 2026 – 15 Oct 2026
- Subscribed (NSE)
- —
- Shares offered
- —
NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.
Allotment status
Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised16 Oct 2026(done)
- Refunds start19 Oct 2026(done)
- Shares credited to demat19 Oct 2026(done)
- Listing21 Oct 2026(done)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 20 Oct 2026, 6:50 pm | ₹4 | ₹59 |
| 20 Oct 2026, 6:45 pm | ₹5 | ₹59 |
| 20 Oct 2026, 1:50 pm | ₹5 | ₹59 |
| 20 Oct 2026, 1:45 pm | ₹5 | ₹59 |
| 20 Oct 2026, 8:50 am | ₹5 | ₹59 |
| 20 Oct 2026, 8:45 am | ₹5 | ₹59 |
| 19 Oct 2026, 6:50 pm | ₹5 | ₹59 |
| 19 Oct 2026, 6:45 pm | ₹5 | ₹59 |
| 19 Oct 2026, 1:50 pm | ₹5 | ₹59 |
| 19 Oct 2026, 1:45 pm | ₹5 | ₹59 |
| 19 Oct 2026, 8:50 am | ₹5 | ₹59 |
| 19 Oct 2026, 8:45 am | ₹5 | ₹59 |
| 19 Oct 2026, 1:32 am | ₹5 | ₹59 |
| 17 Oct 2026, 6:50 pm | ₹5 | ₹59 |
| 17 Oct 2026, 6:45 pm | ₹5 | ₹59 |
| 17 Oct 2026, 1:50 pm | ₹3 | ₹54 |
| 17 Oct 2026, 1:45 pm | ₹2 | ₹54 |
| 17 Oct 2026, 8:50 am | ₹2 | ₹54 |
| 17 Oct 2026, 8:45 am | ₹2 | ₹54 |
| 16 Oct 2026, 6:50 pm | ₹2 | ₹54 |
| 16 Oct 2026, 6:45 pm | ₹2 | ₹54 |
| 16 Oct 2026, 1:50 pm | ₹2 | ₹54 |
| 16 Oct 2026, 1:45 pm | ₹2 | ₹54 |
| 16 Oct 2026, 8:50 am | ₹2 | ₹54 |
| 16 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 15 Oct 2026, 6:50 pm | ₹1 | ₹52 |
| 15 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 15 Oct 2026, 1:50 pm | ₹0 | ₹52 |
| 15 Oct 2026, 1:45 pm | ₹0 | ₹52 |
| 15 Oct 2026, 8:50 am | ₹0 | ₹52 |
| 15 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 15 Oct 2026, 12:27 am | ₹0 | ₹52 |
| 15 Oct 2026, 12:22 am | ₹0 | ₹52 |
| 14 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 14 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 14 Oct 2026, 1:50 pm | ₹0 | ₹52 |
| 14 Oct 2026, 1:45 pm | ₹0 | ₹52 |
| 14 Oct 2026, 8:50 am | ₹0 | ₹52 |
| 14 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 13 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 13 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 13 Oct 2026, 1:50 pm | ₹0 | ₹52 |
| 13 Oct 2026, 1:45 pm | ₹0 | ₹52 |
| 13 Oct 2026, 8:50 am | ₹0 | ₹52 |
| 13 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 12 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 12 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 12 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 10 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 10 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 10 Oct 2026, 1:50 pm | ₹0 | ₹52 |
| 10 Oct 2026, 1:45 pm | ₹0 | ₹52 |
| 10 Oct 2026, 8:50 am | ₹0 | ₹52 |
| 10 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 9 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 9 Oct 2026, 6:45 pm | ₹0 | ₹52 |
| 9 Oct 2026, 1:50 pm | ₹0 | ₹52 |
| 9 Oct 2026, 1:45 pm | ₹0 | ₹52 |
| 9 Oct 2026, 8:50 am | ₹0 | ₹52 |
| 9 Oct 2026, 8:45 am | ₹0 | ₹52 |
| 8 Oct 2026, 6:50 pm | ₹0 | ₹52 |
| 8 Oct 2026, 6:45 pm | ₹0 | ₹52 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹54
- Issue size
- ₹42.1 Cr
- Lot size
- 2,000
- Opens
- 13 Oct 2026
- Closes
- 15 Oct 2026
- Allotment
- 16 Oct 2026
- Listing
- 21 Oct 2026
- Est. listing price
- ₹59
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹2,16,000 (2 lots · 4,000 shares)
- Face value
- ₹5 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- NSE SME
- Refunds
- 19 Oct 2026
- Shares credited
- 19 Oct 2026
- Promoter holding
- 99.99% before · 72.34% after
- Lead managers
- GetFive Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 15 Oct 2026, 5:54 pm.
Total subscription
2.27x
Full issue details
Details as published for this issue, read 20 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 13 to 15 Oct, 2026 |
|---|---|
| Listing Date | Wed, Oct 21, 2026 |
| Face Value | ₹ 5 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 77,96,000 shares (agg. up to ₹ 42 Cr) |
|---|---|
| Reserved for Market Maker | 3,90,000 shares (agg. up to ₹ 2 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 74,06,000 shares (agg. up to ₹ 40 Cr) |
| Net Offered to Public | 74,06,000 shares (agg. up to ₹ 40 Cr) |
| Share Holding Pre Issue | 2,03,86,423 shares |
| Share Holding Post Issue | 2,81,82,423 shares |
| NSE Symbol | LOANFRONT |
| ISIN | INE1KAA01025 |
IPO Timetable
- IPO Open
- Tue, Oct 13, 2026
- IPO Close
- Thu, Oct 15, 2026
- Allotment
- Fri, Oct 16, 2026
- Refund
- Mon, Oct 19, 2026
- Credit of Shares
- Mon, Oct 19, 2026
- Listing
- Wed, Oct 21, 2026
Issue Reservation
- QIB47.38%
- NII (HNI)14.32%
- Retail33.30%
- Market Maker5.00%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 36,94,000 | 49.88% | 47.38% |
| - Anchor Investor | 22,00,000 | — | 28.22% |
| - QIB (Ex. Anchor) | 14,94,000 | — | 19.16% |
| NII (HNI) | 11,16,000 | 15.07% | 14.32% |
| - bNII > ₹10L | 7,44,000 | — | 9.54% |
| - sNII < ₹10L | 3,72,000 | — | 4.77% |
| Retail | 25,96,000 | 35.05% | 33.30% |
| Firm Reservations | |||
| Market Maker | 3,90,000 | — | 5.00% |
| Total | 77,96,000 | 100.00% | 100.00% |
Vaibhav Vyapaar IPO comprises a total issue size of 77,96,000 shares. The net offer to the public is 74,06,000 shares, after excluding 3,90,000 shares allotted on a firm basis. Of the Net offer 36,94,000 (49.88%) are allocated to QIB , 11,16,000 (15.07%) allocated to NII 25,96,000 (35.05%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4,000 | ₹2,16,000 |
| Individual investors (IND) (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
IPO Anchor Investors
| Bid Date | Mon, Oct 12, 2026 |
|---|---|
| Shares Offered | 22,00,000 |
| Anchor Portion (₹ Cr.) | 11.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 15, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 14, 2027 |
Vaibhav Vyapaar IPO raises ₹ 11.88 crore from anchor investors . Vaibhav Vyapaar IPO Anchor bid date is October 12, 2026 .
📝 Anchor Investors Letter (PDF)
About Vaibhav Vyapaar Ltd.
Incorporated in February 2009, Vaibhav Vyapaar Limited is a Non-Banking Financial Company (NBFC) providing unsecured personal loans to salaried and self-employed individuals through its fully digital lending platform. The Company provides personal loans under the "LoanFront" brand through its mobile application, which supports loan origination, customer verification, due diligence, underwriting, documentation, disbursal and repayment. It provides loans through both direct lending and co-lending arrangements with other NBFCs and also generates revenue by providing application and technology services to other NBFCs. Its lending operations primarily cater to salaried and self-employed borrowers, including first-time borrowers and lower-income salaried professionals across urban and semi-urban regions of India.
The Company follows a technology-enabled lending model supported by digital verification, credit assessment, credit decisioning and risk evaluation tools. It has been operating its digital lending business through the LoanFront platform for the last six years. The Company was acquired by CapFront Technologies Private Limited in October 2019, following which it continued to expand its digital lending operations. As of July 31, 2026, the Company had Assets Under Management (AUM) of ₹812.41 crore, net worth of ₹471.96 crore and a debt-to-equity ratio of 0.80.
As of July 31, 2026, the Company had 56 employees, including 17 employees in technology, 11 in operations and 11 in risk functions. Its operations are supported by an experienced management team with expertise in digital lending and financial services.
Competitive Strengths
Technology-driven digital lending platform.
Focus on underserved and first-time borrowers.
Strong market understanding and customer insights.
Diversified lending model through direct and co-lending.
Disciplined underwriting framework and robust risk management.
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Jul 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 96.16 | 84.23 | 55.04 | 61.18 |
| Total Income | 18.15 | 37.64 | 25.34 | 25.46 |
| Profit After Tax | 3.01 | 1.97 | 1.48 | 0.45 |
| EBITDA | 7.51 | 10.84 | 7.07 | 5.38 |
| NET Worth | 47.20 | 29.19 | 27.22 | 25.74 |
| Reserves and Surplus | 37.00 | 21.14 | 23.19 | 21.71 |
| Total Borrowing | 37.90 | 46.80 | 22.66 | 26.76 |
| Amount in ₹ Crore |
Vaibhav Vyapaar Ltd.'s revenue increased by 48% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Non Banking Financial Company (NBFC)
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aye Finance Ltd. | Mainboard | ₹1,010.00 Cr | ₹129 | 14.11 | ₹128.91 | -0.07% | ₹143.01 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment the capital base of the company | 32.00 |
| 2 | General Corporate Purpose | — |
| Total | 32.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Jul 31, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 7.87% | 6.99% |
| ROCE | 12.44% | 26.99% |
| Debt/Equity | 0.80 | 1.60 |
| RoNW | 6.37% | 6.75% |
| PAT Margin | 16.70% | 5.36% |
| EBITDA Margin | 41.72% | 29.47% |
| NAV | 23.15 | 18.13 |
| P/B (x) | 2.25 | 2.87 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.97 | 3.20 |
| P/E (x) | 53.61 | 16.25 |
| Market Cap at Offer Price | ₹106.01 Cr. | ₹146.55 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group99.99%
- Public0.01%
Post IPO
- Promoter and Promoter Group72.34%
- Public27.66%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 99.99% | 72.34% |
| Public | 0.01% | 27.66% |
| Total | 100% | 100% |
Company Promoters: Itha Venkata Raghava Gowrinath and CapFront Technologies Pvt.Ltd..
Vaibhav Vyapaar IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.61 | 14,94,000 | 23,98,000 | 5 |
| NII * | 6.65 | 11,16,000 | 74,20,000 | 0 |
| bNII (> ₹10L) | 7.87 | 7,44,000 | 58,58,000 | — |
| sNII (< ₹10L) | 4.20 | 3,72,000 | 15,62,000 | — |
| Individual Investor | 2.70 | 25,96,000 | 70,04,000 | 1,751 |
| Total | 3.23 | 52,06,000 | 1,68,22,000 | 2,293 |
The Vaibhav Vyapaar IPO is subscribed 3.23 times on October 15, 2026 5:54:05 PM (Day 3). The public issue subscribed 2.70 times in the individual investors category, 1.61 times in the QIB category, and 6.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 2,293
*Market Maker portion is not included to NII/HNI.
IPO Registrar
Kfin Technologies Ltd.
040-79615565
vaibhav.ipo@kfintech.com
IPO Lead Manager(s)
GetFive Advisors Pvt.Ltd.
Contact Details
Vaibhav Vyapaar Ltd. Address
Arch Square-X2, Unit-1406
14th Floor, EP-GP Block, Sector V, Bidhannagar
Bidhan Nagar CK Market, North 24 Parganas, Saltlak
Kolkata, West Bengal , 700091
9986611345
investors@vaibhavvyapaar.com
Vaibhav Vyapaar IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Vaibhav Vyapaar IPO DRHP: ₹32 crore fresh issue; revenue up 47% in FY26
scanx.trade · 18 Oct 2026
Vaibhav Vyapaar IPO Allotment Status: Check Share Allocation
HDFC Sky · 16 Oct 2026
Vaibhav Vyapaar IPO Allotment Status: Steps to Verify Status & Key Issue Details
Groww · 16 Oct 2026
Vaibhav Vyapaar IPO subscribed 3.08 times on final day; listing scheduled for October 21
Moneycontrol.com · 15 Oct 2026
Vaibhav Vyapaar IPO Day 3 Subscription Status: 3.23x
HDFC Sky · 15 Oct 2026
Vaibhav Vyapaar IPO Day 2: Subscribed 0.46x; Retail jumps 126.9%, bHNI rises 123.3%
scanx.trade · 15 Oct 2026
Vaibhav Vyapaar IPO Allotment Status: 0.38x Subscribed, Check Online
Univest · 15 Oct 2026
Vaibhav Vyapaar IPO Day 3 Subscription Status 15 Oct 2026
Univest · 15 Oct 2026
Vaibhav Vyapaar: common questions
Answered from this issue's own record.
