RBI-registered NBFC offering unsecured personal loans to salaried and self-employed borrowers through its LoanFront app, under direct-lending and co-lending arrangements, and providing technology and application-support services to other NBFCs.
By the GenXT Labs Editorial Team · Last updated · Sourced from NSE, BSE, and the issue prospectus/RHP
Issue size
~₹40.5 Cr (fresh issue)
Price band
₹50 – ₹52
Dates
Bid/offer 13–15 Oct 2026 · Allotment 16 Oct · Listing ~21 Oct 2026 on NSE SME
Subscription
Closed (15 Oct, final) subscribed around 3.23x overall — NII ~6.65x, retail ~2.70x, QIB ~1.61x
SME IPO; price band ₹50–₹52 per share (some trackers cite ₹51–₹54 — unconfirmed). Subscription built through the issue — Day 1 (13 Oct) ~0.20x, Day 2 (14 Oct) ~0.38x — before closing 15 Oct around 3.23x overall (one source cited a slightly lower 3.08x), led by NII at ~6.65x, with retail ~2.70x and QIB crossing 1x at ~1.61x. Allotment finalised 16 Oct; refunds and demat credit expected 19 Oct. Listing tentatively 21 Oct on NSE SME.
What about GMP?
We don't track or publish a Grey Market Premium figure for Vaibhav Vyapaar — GMP is an unofficial, unregulated number that moves by the hour and is often wrong close to listing day. What's above instead is sourced directly from NSE/BSE filings and the issue's own prospectus, and we say plainly when a number is just a snapshot rather than live.
How to research this IPO
A checklist, not a verdict generator — work through these before forming your own view on Vaibhav Vyapaar.
What does the company actually do?
Get past the tagline — what specifically generates its revenue, and for whom?
How does it make money?
One dominant revenue line, or several? Which is growing, which is shrinking?
What does its financial history actually show?
Revenue and profit trend over 3+ years, not just the most recent flattering quarter.
What's happening in its industry right now?
Growing, mature, or under pressure — and is this IPO timed to ride a trend?
How does it compare to its listed peers?
Same growth rate, margins, and debt load — or is it being priced like a peer it doesn't actually resemble?
Is the asking valuation reasonable?
Compare its P/E, P/B, or EV/EBITDA at the IPO price band against listed peers — see our valuation primer.
What are the genuine strengths?
Market position, brand, distribution, technology — specific advantages, not marketing language.
What are the disclosed risks?
The prospectus's own "Risk Factors" section is required reading — it's where companies must legally disclose what could go wrong.
What would you still need to know?
Write down your open questions before applying — a genuine gap in your own understanding is a reason to wait, not to guess.
Issue size, price band, dates, and subscription figures for Vaibhav Vyapaar are sourced from public reporting at the time this page was last updated and are not live — always confirm current details on the exchange (NSE/BSE) or the issue's official RHP/prospectus before applying. Nothing on this page is investment advice or a recommendation to apply for, buy, sell, or hold any security. Always do your own research or consult a registered investment adviser before making financial decisions. See the full IPO tracker for every issue we're currently covering.