Vaibhav Vyapaar SME IPO – Complete Analysis & Details
NSE SME IPO Book Built Issue
Vaibhav Vyapaar Limited is launching its initial public offering (IPO) on October 13, 2026. The company operates in the financial technology and lending space through its proprietary mobile app, LoanFront. Below is a comprehensive overview of the issue, financial figures, valuation, lot size, and subscription trends.
Key IPO Overview
| Parameter | Details |
|---|---|
| Company Name | Vaibhav Vyapaar Limited |
| Brand / App Name | LoanFront |
| Issue Type | Book Built Issue SME IPO |
| Listing Platform | NSE SME (NSE Emerge) |
| Total Issue Size | 77,96,000 Equity Shares (aggregating up to ₹42.10 Cr) |
| Fresh Issue Portion | 77,96,000 Shares (100% Fresh Capital) |
| Offer for Sale (OFS) | Nil (0 Shares) |
| Price Band | ₹51 to ₹54 per share |
| Face Value | ₹5 per share |
| Market Cap at Upper Price | ₹152.19 Crore |
2. IPO Important Dates & Timetable
| Event | Tentative Date |
|---|---|
| IPO Opening Date | Tuesday, October 13, 2026 |
| IPO Closing Date | Thursday, October 15, 2026 |
| Basis of Allotment Finalization | Friday, October 16, 2026 |
| Initiation of Refunds & Share Credit | Monday, October 19, 2026 |
| Listing Date | Wednesday, October 21, 2026 |
3. Application Lot Size & Minimum Investment
| Investor Category | Minimum Lots | Minimum Shares | Minimum Investment Amount (Upper Band) |
|---|---|---|---|
| Retail Individual Investor (RII) | 2 Lots | 4,000 Shares | ₹2,16,000 |
| Small HNI (sNII < ₹10L) | 3 Lots | 6,000 Shares | ₹3,24,000 |
| Big HNI (bNII > ₹10L) | 10 Lots | 20,000 Shares | ₹10,80,000 |
4. Share Reservation Breakdown
The total net issue offered to the public is 74,06,000 equity shares after deducting 3,90,000 shares reserved for the Market Maker.
| Category | Shares Offered | Percentage of Net Issue |
|---|---|---|
| Anchor Investors Portion | 22,00,000 Shares | 28.22% of Total Issue |
| Qualified Institutional Buyers (QIB ex-Anchor) | 14,94,000 Shares | 49.88% of Net Issue |
| Non-Institutional Investors (NII/HNI) | 11,16,000 Shares | 15.07% of Net Issue |
| Retail Individual Investors (RII) | 25,96,000 Shares | 35.05% of Net Issue |
| Market Maker (Prabhat Financial Services) | 3,90,000 Shares | 5.00% of Total Issue |
5. About Vaibhav Vyapaar Limited
Incorporated in February 2009, Vaibhav Vyapaar Limited is an RBI-registered Non-Banking Financial Company (NBFC). The company specializes in unsecured personal loans provided to salaried and self-employed individuals across urban and semi-urban regions in India.
It carries out its lending operations primarily through its fully digital mobile application, “LoanFront”. The platform handles end-to-end loan workflows including customer onboarding, credit risk evaluation, e-KYC due diligence, underwriting, loan disbursal, and automated repayment tracking.
- Business Channels: Direct lending, co-lending partnerships with other NBFCs, and technology platform hosting services.
- AUM (Assets Under Management): ₹812.41 Crore as of July 31, 2026.
- Net Worth: ₹471.96 Crore as of July 31, 2026.
- Debt-to-Equity Ratio: 0.80x.
6. Restated Financial Summary (₹ in Crores)
| Metric | Period Ended 31 Jul 2026 | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|---|
| Total Assets | ₹96.16 Cr | ₹84.23 Cr | ₹55.04 Cr | ₹61.18 Cr |
| Total Income | ₹18.15 Cr | ₹37.64 Cr | ₹25.34 Cr | ₹25.46 Cr |
| Profit After Tax (PAT) | ₹3.01 Cr | ₹1.97 Cr | ₹1.48 Cr | ₹0.45 Cr |
| EBITDA | ₹7.51 Cr | ₹10.84 Cr | ₹7.07 Cr | ₹5.38 Cr |
| Net Worth | ₹47.20 Cr | ₹29.19 Cr | ₹27.22 Cr | ₹25.74 Cr |
| Total Borrowing | ₹37.90 Cr | ₹46.80 Cr | ₹22.66 Cr | ₹26.76 Cr |
7. Key Performance Indicators (KPIs) & Valuation
| Metric | Pre-IPO | Post-IPO / Recent |
|---|---|---|
| Basic Earnings Per Share (EPS) | ₹0.97 | ₹3.20 (Annualized) |
| Price-to-Earnings (P/E) Ratio | 53.61x | 16.25x (at Upper Price Band) |
| Return on Equity (ROE) | — | 7.87% (Jul 2026) |
| Return on Capital Employed (ROCE) | — | 12.44% (Jul 2026) |
| PAT Margin | — | 16.70% |
8. Objects of the Issue
The company plans to utilize the total net proceeds of ₹32.00 Crore from the fresh issue towards:
- Augmenting Capital Base: To support upcoming loan book growth and meet RBI capital adequacy criteria.
- General Corporate Purposes: Supporting administrative expenses and operational scale-up.
9. Lead Manager & Registrar Details
| Role | Entity Name |
|---|---|
| Book Running Lead Manager (BRLM) | GetFive Advisors Pvt. Ltd. |
| Registrar to the Issue | Kfin Technologies Ltd. (Phone: 040-79615565) |
| Market Maker | Prabhat Financial Services Ltd. |
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