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Latest GMP
- Lead Manager
- Getfive Advisors Private Limited
- IPO Registrar
- Kfin Technologies Limited
- IPO Open Date
- 13th Oct 2026
- IPO Close Date
- 15th Oct 2026
- Allotment date
- 16th Oct 2026
- Listing date
- 21st Oct 2026
- Issue Size
- ₹ 41 Cr.
- Issue Price Band
- ₹ 50 to 52
- Lot Size
- 2000 Share
- Minimum Investment
- ₹ 208000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Vaibhav Vyapaar Limited
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 digital lending platform under the “LoanFront” brand.
The Company operates through a mobile application that supports the complete lending lifecycle, including 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 offers application and technology services to other NBFCs.
Digital Lending Platform
The Company operates its digital lending business through the LoanFront platform, which has been in operation for the last six years. The platform uses technology-enabled processes for:
- Digital customer verification
- Credit assessment and decisioning
- Risk evaluation
- Loan underwriting
- Documentation and disbursal
- Digital repayment management
Its lending operations primarily focus on salaried and self-employed borrowers, including first-time borrowers and lower-income salaried professionals across urban and semi-urban regions of India.
Lending Model
Vaibhav Vyapaar follows a diversified lending model comprising direct lending and co-lending arrangements with other NBFCs.
In addition to lending activities, the Company generates revenue by providing application and technology services to other NBFCs, supporting its broader digital lending ecosystem.
Acquisition & Business Expansion
The Company was acquired by CapFront Technologies Private Limited in October 2019, following which it continued to expand its digital lending operations through the LoanFront platform.
The Company's technology-enabled model combines digital verification, credit assessment, underwriting and risk management tools to support its lending activities.
Financial Snapshot
As of July 31, 2026, the Company had:
- Assets Under Management (AUM): ₹812.41 crore
- Net Worth: ₹471.96 crore
- Debt-to-Equity Ratio: 0.80
Workforce
As of July 31, 2026, the Company had 56 employees, including:
- 17 employees in technology
- 11 employees in operations
- 11 employees in risk functions
The Company is supported by a management team with experience in digital lending and financial services.
Competitive Strengths
- Technology-driven digital lending platform
- Focus on underserved and first-time borrowers
- Strong understanding of the digital lending market and customer needs
- Diversified lending model through direct and co-lending arrangements
- Disciplined underwriting framework and risk management
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 14,94,000 (28.70%) | 23,98,000 | 1.61 |
| NII | 11,16,000 (21.44%) | 78,10,000 | 7.00 |
| bNII (> ₹10L) | 7,44,000 (14.29%) | 62,48,000 | 8.40 |
| sNII (< ₹10L) | 3,72,000 (7.15%) | 15,62,000 | 4.20 |
| Retail | 25,96,000 (49.87%) | 70,04,000 | 2.70 |
| Total | 52,06,000 (100.00%) | 1,72,12,000 | 3.31 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 19-10-2026 | ₹54 | ₹5 | ₹59 ( 9.26% ) | ₹10,000.00 | 19-Oct-2026 10:03 AM |
| 17-10-2026 | ₹54 | ₹2 | ₹56 ( 3.70% ) | ₹4,000.00 | 17-Oct-2026 10:07 AM |
| 16-10-2026 | ₹54 | ₹2 | ₹56 ( 3.70% ) | ₹4,000.00 | 16-Oct-2026 10:12 AM |
| 09-10-2026 | ₹54 | ₹0 | ₹54 ( 0.00% ) | ₹0.00 | 09-Oct-2026 09:49 AM |
Financials of Vaibhav Vyapaar Limited
A quick overview of the key Financial Performance of Vaibhav Vyapaar Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 51%, Profit after Tax (PAT) increased by 53%, Total Assets increased by 14% between FY2026 and FY2027 (Jul).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Jul) |
|---|---|---|---|---|
| Revenue | 25.25 | 25.05 | 36.80 | 18.00 |
| Assets | 61.18 | 55.04 | 84.23 | 96.16 |
| Total Income | 25.46 | 25.34 | 37.64 | 18.15 |
| Profit After Tax | 0.45 | 1.48 | 1.97 | 3.01 |
| EBITDA | 5.38 | 7.07 | 10.84 | 7.51 |
| Net Worth | 25.74 | 27.22 | 29.19 | 47.20 |
| Reserves & Surplus | 21.71 | 23.19 | 21.14 | 37.00 |
| Total Borrowings | 26.76 | 22.66 | 46.80 | 37.90 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
4,000
₹ 2,08,000
Individual Investors (IND) (Max)
2
4,000
₹ 2,08,000
S-HNI (Min)
3
6,000
₹ 3,12,000
S-HNI (Max)
9
18,000
₹ 9,36,000
B-HNI (Min)
10
20,000
₹ 10,40,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 4,000 | ₹ 2,08,000 |
| Individual Investors (IND) (Max) | 2 | 4,000 | ₹ 2,08,000 |
| S-HNI (Min) | 3 | 6,000 | ₹ 3,12,000 |
| S-HNI (Max) | 9 | 18,000 | ₹ 9,36,000 |
| B-HNI (Min) | 10 | 20,000 | ₹ 10,40,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 7.87 |
| ROCE (%) | 12.44 |
| Debt / Equity | 0.8 |
| RoNW (%) | 6.37 |
| PAT Margin (%) | 16.7 |
| EBITDA Margin (%) | 41.72 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
1.66
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
100
-
|
IPO Lead Manager(s)
Lead Manager Details
- Getfive Advisors Private Limited
- Contact Person: Aman Jain
- SEBI Registration Number: INM000013147
- Investor Grievance Email: investor.grievance@getfive.in
- Website: https://getfive.in/
- Email: investor.grievance@getfive.in
- Phone: +91 79907 29901
- Address: 4th Floor, Motilal Oswal Tower, Opp. Zion Z1 Tower, Sindhubhavan Road, Thaltej, Ahmedabad, Gujarat - 380059
IPO Registrar
- Registrar Name
- Kfin Technologies Limited
- vaibhav.ipo@kfintech.com
- Phone
- +91-40-67162222 / 18003094001
- Contact Person
- Williams R
- SEBI Registration Number
- INR000000221
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Vaibhav Vyapaar Limited
- Phone
- +91 9986611345
- Contact Person
- Aditya Singh Solanky
- Corporate Identity Number
- U51909WB2009PLC133054
- Address
- Arch Square-X2, Unit-1406, 14th Floor, EP-GP Block, Sector V, Bidhannagar, Kolkata, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, West Bengal, India, 700091
- Website
- https://www.vaibhav-vyapaar.com/
Vaibhav Vyapaar Limited FAQs
