NSE List Price : ₹52.90

Subscription

Category	Times
QIBs	1.61x
HNIs	7.00x
Retail	2.07x
Total : 3.31x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	4,000	₹208,000
Retail Maximum	2	4,000	₹208,000
S - HNI Minimum	3	6,000	₹312,000
S - HNI Maximum	9	18,000	₹936,000
B - HNI Minimum	10	20,000	₹1,040,000

About the Company

Vaibhav Vyapaar Limited is an RBI-registered Non-Banking Financial Company (NBFC), incorporated in 2009. It provides unsecured personal loans to salaried and self-employed individuals through its digital lending platform, LoanFront. The company also supports direct lending and co-lending arrangements.

Business Model: The company earns income primarily from lending activities and provides technology-related services to lending partners. Its digital platform supports customer onboarding, credit assessment, documentation, loan disbursement and repayment.

Products & Services

• Unsecured personal loans

• Digital lending through LoanFront

• Direct lending to eligible borrowers

• Co-lending arrangements with other lenders

• Technology and application services for lending partners

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹25.46	₹24.86	₹0.45	₹61.18
2025	₹25.34	₹24.32	₹1.48	₹55.04
2026	₹37.64	₹34.48	₹1.97	₹84.23
Jul 2026	₹18.15	₹13.91	₹3.01	₹96.16

Company Promoter

Itha Venkata Raghava Gowrinath

CapFront Technologies Pvt.Ltd.

Know before investing

• • Strengths

  • Digital Lending Platform: Uses technology to support the personal-loan process.

  • Multiple Lending Channels: Operates through both direct lending and co-lending.

  • Revenue Growth: FY2026 revenue was higher than FY2025.

  • Improving Profitability: Reported profit after tax increased from 1.48 crore in FY2025 to 1.97 crore in FY2026.

  • Capital for Growth: IPO proceeds are intended to strengthen the company's capital base and support lending activities.

• • Risks

  • Credit Risk: Unsecured loans do not have collateral, increasing exposure to borrower defaults.

  • Funding Risk: Lending growth depends on the availability and cost of funds.

  • Regulatory Risk: NBFC operations are subject to RBI regulations and compliance requirements.

  • Profitability: FY2026 profit remained modest relative to the company's revenue.

  • Borrowings: Total borrowings were reported at 46.80 crore as of March 2026.

  • SME Liquidity Risk: Shares listed on the SME platform may experience lower trading liquidity and higher price volatility.

Objects of the Issue & Utilisation of proceeds

• Augment Capital Base: 32 crore to strengthen the company's capital base and support lending activities.

• General Corporate Purposes: Remaining eligible proceeds for general corporate requirements.

• Fresh Issue: Up to 77,96,000 equity shares.

• Offer for Sale (OFS): None.

Company Address

Vaibhav Vyapaar Ltd.
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/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: vaibhav.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/