Vaibhav Vyapaar IPO
smeclosedAbout the company
Vaibhav Vyapaar, incorporated in February 2009, is an RBI-registered non-banking financial company that provides unsecured personal loans to salaried and self-employed individuals through its LoanFront digital platform. The company sources loans via direct and co-lending, as well as provides application and technology services to other NBFCs. The company provides loans to self-employed individuals from ₹1,500 to ₹30,000 for 3 to 12 months and salaried individuals from ₹10,000 to ₹2,00,000 for 3 to 24 months. The AUM for FY26 was ₹70.68 crore, with 87.3% being on-book/direct lending, and 12.6% being off-book/co-lending. 55.6% of AUM was of salaried individuals, and 44.3% were self-employed. The off-book business model changed from business correspondent in FY25 to co-lending in FY26. In FY26, own revenue accounted for 91.8%, and application and technology services were 8.1%. Technology-service contribution rose from 4.1% in FY24 to 8.1% in FY26. Repeat customers generated 75.4% of FY26 revenue, and new customers generated 24.6%. In FY26, Tamil Nadu contributed 21.9% of revenue, Karnataka 20.2%, Andhra Pradesh 14.1%, Telangana 12.7% and Maharashtra 11.1%.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 14 Oct | ₹0 | ₹54 | 0 |
| 12 Oct | ₹0 | ₹54 | 0 |
Strengths
- Strong presence in its target market
- Established business model and customer base
- Scope for business expansion and revenue growth
- Potential to benefit from rising market demand
- Experienced management and operational capabilities
Risks
- Business may face intense market competition
- Revenue could be affected by changing customer demand
- Profit margins may come under pressure from rising costs
- Dependence on key markets or business segments can create uncertainty
- Market volatility could impact the stock after listing
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed13 Oct 2026Bidding starts for all investor categories
IPO Closes
Completed15 Oct 2026Last day to place your bid
Basis of Allotment
Completed16 Oct 2026Share allotment finalised
Refund Initiation
Completed19 Oct 2026Refunds credited for non-allottees
Credit to Demat
In Progress19 Oct 2026Allotted shares credited to demat account
1d since Credit to DematToday · 20 Oct 20261d to Listing on ExchangeListing on Exchange
Upcoming21 Oct 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹108,000 | 1 | ₹108,000 | 1 lot only |
| HNI | 2 | 4000 | ₹216,000 | 2 | ₹216,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 4,000,000 | 21 | 0 | 0.00x | 100% |
| NII | 15% | 1,200,000 | 6.3 | 1,500,000 | 1.25x | 80% |
| Retail | 35% | 2,800,000 | 14.7 | 560,000 | 0.20x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
