Vaibhav Vyapaar Limited is an RBI-registered Non-Banking Financial Company (NBFC) engaged in providing unsecured personal loans to salaried and self-employed individuals through its digital lending platform, “LoanFront.”
Incorporated in February 2009, the company offers technology-enabled lending services covering customer onboarding, KYC verification, credit assessment, underwriting, loan disbursement and repayment management. Its services primarily cater to retail borrowers across urban and semi-urban regions of India.
The company operates through direct lending and co-lending arrangements with other NBFCs and also generates revenue by providing application and technology services to financial institutions. Its loan offerings range from ₹1,500 to ₹2 lakh, with repayment tenures of 3 to 24 months, depending on the borrower category. Following its acquisition by Capfront Technologies Private Limited in October 2019, the company expanded its digital lending operations.
As of March 31, 2026, the LoanFront platform had approximately 86 lakh registered users and had disbursed around 24 lakh loans to 5 lakh customers. By June 2026, the application had recorded over 1.14 crore downloads and ₹1,500 crore in cumulative loan disbursements.
As of July 31, 2026, the company reported AUM of ₹81.24 crore. Its lending operations span multiple Indian states, with a significant presence in Tamil Nadu, Karnataka, Telangana, Andhra Pradesh and Maharashtra.
As of July 31, 2026, the Company had 56 employees, including 17 employees in technology, 11 in operations and 11 in risk functions.
Vaibhav Vyapaar IPO – Details
| IPO Opening Date | 13 October 2026 |
| IPO Closing Date | 15 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 77,96,000 Shares Worth ₹42.10 Crore Fresh Issue: 77,96,000 Shares Worth ₹42.10 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹51 – ₹54 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vaibhav Vyapaar IPO – Date Schedule
| IPO Open Date | 13 October 2026 |
| IPO Close Date | 15 October 2026 |
| Basis of Allotment | 16 October 2026 |
| Initiation of Refund | 19 October 2026 |
| Credit of Shares to Demat | 19 October 2026 |
| IPO Listing Date | 21 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 15, 2026 |
Vaibhav Vyapaar IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,16,000 |
| Retail (Max) | 2 | 4000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,80,000 |
Competitive Strength
- Technology-driven digital lending platform.
- Focus on underserved and first-time borrowers.
- Strong market understanding and customer insights.
- Diversified lending model through direct and co-lending.
- Disciplined underwriting framework and robust risk management.
Company Promoters
- Itha Venkata Raghava Gowrinath
- CapFront Technologies Pvt.Ltd.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹25.46 Cr | ₹24.86 Cr | ₹0.45 Cr | ₹26.76 Cr |
| 31 March 2025 | ₹25.34 Cr | ₹24.32 Cr | ₹1.48 Cr | ₹22.66 Cr |
| 31 March 2026 | ₹37.64 Cr | ₹34.48 Cr | ₹1.97 Cr | ₹46.80 Cr |
| 30 July 2026 | ₹18.15 Cr | ₹13.91 Cr | ₹3.01 Cr | ₹37.90 Cr |
Key Performance Indicator
| KPI | Values (July 31, 2026) |
|---|---|
| ROE | 7.87% |
| ROCE | 12.44% |
| Debt/Equity | 0.80 |
| RoNW | 6.37% |
| PAT Margin | 16.70% |
| EBITDA Margin | 41.72% |
| NAV | 23.15 |
| Price to Book Value | 2.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.97 | 3.20 |
| P/E (x) | 53.61 | 16.25 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Augment the capital base of the company. | ₹32.00 |
| General Corporate Purposes. |
✅Strengths
- Digital Lending Platform with the LoanFront app.
- Strong Customer Base with 86 lakh registered users.
- High Repeat Borrowers contributing around 75% of the loan portfolio.
- AUM Growth of 48.95% in FY2026.
- Multiple Revenue Streams through direct lending, co-lending and technology services.
⚠️Risks
- Unsecured Loans expose the company to borrower defaults.
- Geographical Concentration with 77.09% of AUM from the top five states.
- Marketing Dependence on digital advertising and referrals.
- Credit Risk from delayed repayments and loan defaults.
- Regulatory Risk due to RBI compliance requirements.
Vaibhav Vyapaar IPO Promoter Holding
| Pre-Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.34% |
Vaibhav Vyapaar IPO Prospectus
Company Contact Information
| Vaibhav Vyapaar Limited Arch Square-X2, Unit-1406 14th Floor, EP-GP Block, Sector V, Bidhannagar Bidhan Nagar CK Market, North 24 Parganas, Saltlak, Kolkata, West Bengal, 700091 Phone: 9986611345 Email: investors@vaibhavvyapaar.com Website: https://www.vaibhav-vyapaar.com/ |
Vaibhav Vyapaar IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: vaibhav.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Vaibhav Vyapaar IPO Lead Manager(s)
| 1. GetFive Advisors Pvt. Ltd. |
Vaibhav Vyapaar IPO FAQ
| What is the Vaibhav Vyapaar IPO? Vaibhav Vyapaar IPO is an SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on NSE SME. |
| When will Vaibhav Vyapaar IPO open? The IPO is to open on 13 October 2026 for QIB, NII and Retail Investors. |
| What is Vaibhav Vyapaar IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Vaibhav Vyapaar IPO Size? Vaibhav Vyapaar IPO size is ₹42.10 Crore. |
| What are the Vaibhav Vyapaar IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,16,000, while the maximum bid is 4000 Shares for ₹2,16,000. |
| What is the Vaibhav Vyapaar IPO Allotment Date? Vaibhav Vyapaar IPO allotment date is 16 October 2026. |
| What is the Vaibhav Vyapaar IPO Listing Date? Vaibhav Vyapaar IPO listing date is 21 October 2026. The IPO is to be listed on the NSE SME. |
