Vaibhav Vyapaar IPO
Vaibhav Vyapaar Limited · NBFC - Digital Lending
- Price band
- To be announcedNot in this filing
- Issue size
- 77,96,000 sharesFresh issue · amount set with price
- Face value
- ₹5per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentMon, 2026Demat credit same day
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 77,96,000 shares
- Offer for sale
- None
- Total issue
- 77,96,000 shares
- Market maker portion
- 3,90,000 shares
- Face value
- ₹5
- Listing at
- NSE Emerge
- RHP date
- 7 Oct 2026
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Reservation
Share of the total issue- Retail33.3%
- Anchor28.2%
- QIB ex-anchor19.2%
- NII14.3%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 25,96,000 | 35.05% | 35% |
| Non-institutional investors (NII) | 11,16,000 | 15.07% | 15% |
| Qualified institutional buyers (QIB) | 36,94,000 | 49.88% | 50% |
| QIB, excluding anchor | 14,94,000 | 20.17% | — |
| Anchor investors | 22,00,000 | 29.71% | — |
| Market maker | 3,90,000 | — | — |
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹1.22
- EPS (basic) (Weighted average)
- ₹0.96
- RoNW
- 6.75%
- NAV per share (31 July 2026)
- ₹23.15
- Debt to equity (31 July 2026)
- 0.80
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Jul 20264 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 18.00 | 36.80 | 25.05 | 25.25 |
| Total income | 18.15 | 37.64 | 25.34 | 25.46 |
| EBITDA | 7.51 | 10.84 | 7.07 | 5.38 |
| Profit after tax | 3.01 | 1.97 | 1.48 | 0.45 |
| Net worth | 47.20 | 29.19 | 27.22 | 25.74 |
| Reserves and surplus | 37.00 | 21.14 | 23.19 | 21.71 |
| Total assets | 96.16 | 84.23 | 55.04 | 61.18 |
| Total borrowing | 37.90 | 46.80 | 22.66 | 26.76 |
FY 2025-26 vs FY 2024-25: revenue +46.9%, profit after tax +33.2%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 7 Oct 2026Updated
About the company
An RBI-registered NBFC that offers unsecured personal loans to salaried and self-employed individuals through its digital lending app, both directly and via co-lending. It also earns revenue by providing application and technology services to other NBFCs.
- Incorporated
- 2009
- Industry
- NBFC - Digital Lending
- CIN
- U51909WB2009PLC133054
- Website
- vaibhav-vyapaar.com
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Capfront Technologies Private Limited | 99.98% | — |
| Itha Venkata Raghava Gowrinath | 0.02% | — |
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Augment the capital base of the company | 32.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vaibhav Vyapaar LimitedIssuer | ₹1.22 | — | 6.75% | ₹18.13 |
| Paisalo Digital Limited | ₹2.59 | 30.53× | 13.24% | ₹19.49 |
| Apollo Finvest (India) Limited | ₹18.63 | 22.00× | 9.36% | ₹199.03 |
| Moneyview Limited | ₹0.76 | — | 5.85% | ₹52.78 |
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Digital lending platform built with in-house technology and a mobile app.
- Capital adequacy ratio of 43.80% as at 31 July 2026, above the 15% regulatory minimum.
- Majority of AUM comes from repeat customers.
- Revenue and AUM have grown across FY 2024-25 and FY 2025-26 with a broad state footprint.
Risks
- Profitability depends heavily on net interest margin, which is exposed to interest rate changes.
- Lending is mainly unsecured to higher-risk borrowers, raising default and recovery risk.
- A significant share of AUM is concentrated in a few southern states.
- Growing the loan book requires additional capital, and a higher risk weight on unsecured consumer loans may pressure CRAR.
- Net proceeds are partly unallocated to specific projects (general corporate purposes), and some objects amounts remain undetermined until pricing.
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 7 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Demat credit
- Listing
Source: Red Herring Prospectus dated 7 Oct 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Vaibhav Vyapaar IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 13 October 2026 and closes on Thursday, 15 October 2026.
What is the Vaibhav Vyapaar IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Vaibhav Vyapaar shares list?
On NSE Emerge. The tentative listing date is Wednesday, 21 October 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Vaibhav Vyapaar IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 19 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹32 Cr for augment the capital base of the company, and the rest for the other stated purposes.
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Spotted something wrong?
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