Vaibhav Vyapaar Shares to list today; Check GMP ahead of debut

ETMarkets.com

The Vaibhav Vyapaar IPO, which opened for subscription on October 13, 2026, and closed on October 15, received an overall subscription of 2.27 times.

The Rs 42.10 crore book-built issue comprised an entirely fresh issue of 77.96 lakh shares. The basis of allotment was finalised on October 16.

Vaibhav Vyapaar had fixed the IPO price band at Rs 51–Rs 54 per share, with a minimum application lot of 2,000 shares. At the upper end of the price band, retail investors had to apply for at least 4,000 shares, for a minimum investment of Rs 2,16,000.

For high-net-worth individual (HNI) investors, the minimum application size was three lots, or 6,000 shares, requiring an investment of Rs 3,24,000 at the upper price band.

GetFive Advisors Pvt. Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is the registrar.

Objects of the IPO

Vaibhav Vyapaar plans to utilise Rs 32 crore from the net proceeds of the IPO to strengthen its capital base. The remaining proceeds will be used for general corporate purposes.

Financial Performance

Vaibhav Vyapaar Ltd. reported a 48% year-on-year increase in total income to Rs 38 crore in FY26, compared with Rs 25 crore in FY25. Its profit after tax (PAT) rose 33% to Rs 2 crore from Rs 1 crore during the same period.

About Vaibhav Vyapaar

Incorporated in February 2009, Vaibhav Vyapaar Ltd. is a non-banking financial company (NBFC) that offers unsecured personal loans to salaried and self-employed individuals through its digital lending platform, LoanFront. Its mobile application facilitates the entire lending process, including customer verification, credit assessment, documentation, disbursal and repayment. The company also provides loans through direct lending and co-lending arrangements with other NBFCs and earns revenue by offering technology and application services to them.

The company uses technology-driven tools for credit assessment and risk evaluation and has operated its digital lending business through LoanFront for six years. It was acquired by CapFront Technologies Private Limited in October 2019. As of July 31, 2026, the company reported assets under management (AUM) of Rs 812.41 crore, a net worth of Rs 471.96 crore and a debt-to-equity ratio of 0.80. It had 56 employees across functions, including technology, operations and risk management.