Summary
IPO of Vaibhav Vyapaar will begin on October 13, 2026, and end on October 15, 2026. The price band for the company is set at ₹50- ₹52 per share, and the total offer size is ₹40.54 crore.
The company acts as an NBFC, providing unsecured loans to salaried and self-employed individuals through digital loan disbursement services. The lot size of the IPO is 2,000 shares. Individual investors must apply for a minimum of 2 lots (4,000 shares), which requires an investment of ₹2,08,000 at the upper-band price.
The S-HNI minimum investment is 3 lots of 6,000 shares, amounting to ₹3,12,000, and the S-HNI Maximum investment is 9 lots of 18,000 shares, amounting to ₹9,36,000.
Vaibhav Vyapaar IPO is an issue of ₹40.54 crores with a book-building option, with the entire issue comprising a fresh issue. The IPO opens on 13th October 2026 and closes on 15th October 2026. The price band of the IPO is ₹50–₹52 per share, and the listing of the issue is scheduled for 21st October 2026 on the NSE SME.
The IPO has a lot size of 2,000 shares. An individual can apply for a minimum of 4,000 shares (2 lots), amounting to 2,08,000; S-HNIs can apply for 6,000 to 18,000 shares, while BHNIs require a minimum of 10 lots containing 20,000 shares, amounting to ₹10,40,000.
Vaibhav Vyapaar IPO Key Details
Here is a quick look at the important details of the Vaibhav Vyapaar IPO:
| IPO Open Date | 13 October, 2026 |
| Close Date | 15 October, 2026 |
| Face value | ₹5 per share |
| Price Band | ₹50 to ₹52 |
| Issue price | – |
| IPO Lot Size | 2,000 shares |
| Offer for sale | – |
| Fresh issue | 74,06,000 shares (~₹39 cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | NSE SME |
| Total Issue Size (₹ Crore) | 77,96,000 shares (₹40.54 cr) |
| Minimum Investment | ₹2,08,000 (4,000 shares) |
Vaibhav Vyapaar IPO Timeline
The key dates for the Vaibhav Vyapaar IPO are given below:
| Bidding Opens | 13 October, 2026 |
| Bidding Closes | 15 October, 2026 |
| Allotment Planned For | 16 October, 2026 |
| Refunds Start On | 19 October, 2026 |
| Share Credit to Demat | 19 October, 2026 |
| Listing Scheduled | 21 October, 2026 |
| Cut-off for UPI mandate | 15 October, 2026 5:00 PM |
Vaibhav Vyapaar Key Performance Indicators (KPIs)
Vaibhav Vyapaar IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 6.99% | 5.59% | 1.82% |
| ROCE (%) | 26.99% | 15.72% | 15.67% |
| Debt-Equity (times) | 1.60 | 0.83 | 1.04 |
| RoNW (%) | 6.75% | 5.44% | 1.77% |
| PAT Margin (%) | 5.36% | 5.91% | 1.80% |
| EBITDA Margin (%) | 29.47% | 28.24% | 21.31% |
| Price Book Value | – | – |
Vaibhav Vyapaar IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 8,422.52 | 5,503.92 | 6,117.53 |
| Revenue from operations | 3,679.94 | 2,504.86 | 2,525.44 |
| Profit After Tax | 197.10 | 147.97 | 45.48 |
(Amount in ₹ lakhs)
Vaibhav Vyapaar IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Vaibhav Vyapaar IPO Grey Market Premium
The listing date for the Vaibhav Vyapaar IPO is expected on 21, October, 2026, with a price range of ₹50- ₹52 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| Date | GMP | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 12-10-2026 | ₹0 | ₹52 | 0% | Neutral | 08-10-2026 10:50 |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Vaibhav Vyapaar IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | 3,90,000 |
| QIB | Not more than 50% of the net issue |
| NIIs | Not less than 15% of the net issue |
| Retail Investors | Not less than 35% of the net offer |
| Total Shares | – |
Vaibhav Vyapaar IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 2 | 4,000 | ₹2,08,000 |
| Individual Investor – Maximum | 2 | 4,000 | ₹2,08,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,12,000 |
| S-HNI Maximum | 9 | 18,000 | ₹9,36,000 |
| B-HNI Minimum | 10 | 20,000 | ₹10,40,000 |
Vaibhav Vyapaar IPO Anchor Investors
The allotment status of the Vaibhav Vyapaar IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Vaibhav Vyapaar IPO Prospectus
For more information on the Vaibhav Vyapaar IPO, check the links below:
About Vaibhav Vyapaar IPO
Incorporation: 2009
Managing Director: Itha Venkata Raghava Gowrinath
Vaibhav Vyapaar is an NBFC that primarily provides credit products to its target customers. It operates as an NBFC, providing unsecured loans to salaried and self-employed customers through its digital lending process.
The organisation operates through technology-based processes for loan origination, customer onboarding, evaluation, documentation, and disbursal, making it easier for its customers to borrow. It seeks to serve customers who may need convenient, flexible ways to access funds for various needs.
| Issue Registrar | Kfin Technologies Ltd. |
| Lead Manager | GetFive Advisors Pvt. Ltd. |
Vaibhav Vyapaar IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ lakhs) |
| Augment the capital base of the company | 3,200 |
| General corporate purposes |
Strengths of Vaibhav Vyapaar IPO
The following advantages could help readers evaluate the company’s financial performance, operating model, and growth potential. However, such elements should be considered alongside the company’s risks and valuation.
- Growing revenues: Vaibhav Vyapaar’s revenues rose from ₹2,504.86 Lakhs in FY25 to ₹3,679.94 Lakhs in FY26, representing growth of about 46.92%. It demonstrates the company’s growing operating scale.
- Growing EBITDA and margin: EBITDA increased from ₹707.45 Lakhs in FY25 to ₹1,084.49 Lakhs in FY26, while the margin rose from 28.24% to 29.47%. This means that profitability was relatively high despite the revenue growth.
- Growing net profits: The company recorded PAT of ₹197.10 Lakhs for FY26, up from ₹147.97 lakhs in FY25. Although the PAT margin was only 5.36%, the increase in profit in absolute terms indicates positive results alongside revenue growth.
- Digital lending operating model: Vaibhav Vyapaar is registered with the RBI as an NBFC that offers unsecured personal loans via a digital lending platform using direct-lending and co-lending models. The company can use its technology-based operating model to work with salaried and self-employed clients.
Risks of Vaibhav Vyapaar IPO
In addition to the reported increase in the company’s revenues and profits, one must also be aware of its high leverage, low net margin, and the risks related to its business model, which includes lending.
- High level of debt relative to equity: The total debt of Vaibhav Vyapaar as of the end of FY26 was reported at ₹4,679.52 Lakhs, while its net worth was ₹2,918.81 Lakhs. The debt-to-equity ratio was 1.60x, indicating that the company relies heavily on borrowing.
- Risk of credit losses due to lending: As an NBFC specialising in lending, the company can face credit risks, including late or even default payments by its borrowers and weakening customer creditworthiness.
- Profitability is growing more slowly than revenue: The company’s revenue increased from ₹2,504.86 Lakhs in FY25 to ₹3,679.94 Lakhs in FY26, while profit after tax grew from ₹147.97 Lakhs to ₹197.10 Lakhs. Profit after tax margin decreased from 5.91% to 5.36%.
Vaibhav Vyapaar IPO Review
Vaibhav Vyapaar IPO is a book-built offer of ₹40.54 crore, comprising a fresh issue. Vaibhav Vyapaar is an NBFC that extends unsecured personal loans to salaried and self-employed individuals through its digital lending portal. The IPO price band is set at ₹50-₹52 per share, with a lot size of 2,000 shares.
The company’s revenue increased from ₹2,504.86 Lakhs in FY25 to ₹3,679.94 Lakhs in FY26, while profit after tax grew from ₹147.97 Lakhs to ₹197.10 Lakhs. Its debt was reported at ₹4,679.52 Lakhs against a net worth of ₹2,918.81 Lakhs, resulting in a debt-equity ratio of 1.60x.
The IPO provides information about the company’s lending practices, performance, and proposed utilisation of proceeds, which investors can consider alongside the risks in both the business and financial aspects.
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Vaibhav Vyapaar IPO FAQs
Vaibhav Vyapaar IPO is the initial public offering. It provides credit products to its target customers and operates as an NBFC. The offer starts on 13, October, 2026 and ends on 15, October, 2026.
Investors can apply for the IPO through their stockbroker or through any approved online IPO portal. Investors usually have the option to apply for the IPO through the ASBA route via banks.
Investors are required to evaluate the company themselves by considering the merits and demerits of the company’s financials, borrowings, customers, suppliers, and the purpose for raising funds via the IPO.
There is no guaranteed return from an IPO. Post-listing stock price may vary depending on market conditions, demand, performance, and trading activity. GMP is also unscheduled and can be revised even prior to listing.
Vaibhav Vyapaar has set October 13, 2026 as the opening date of its IPO. The closing date of the IPO is October 15, 2026, as per the available IPO schedule.
The number of shares in each lot is 2,000. The price band is ₹50-₹52, and the listing is on the NSE SME.
The allotment date is set for October 16, 2026. The next step will be the refund and allotment of shares in accordance with the final allotment.
The shares will be listed on October 21, 2026. The listing will be done on the NSE SME platform as per the IPO schedule.
