Minimum Investment
About Company
Company Name: Vaibhav Vyapaar Limited
Industry / Sector: Non-Banking Financial Company (NBFC) / Digital Lending
Founded Year: February 2009
Promoters: Itha Venkata Raghava Gowrinath, CapFront Technologies Pvt. Ltd.
Vaibhav Vyapaar Limited is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). It provides unsecured personal loans to salaried and self-employed individuals through its fully digital lending platform, operating under the 'LoanFront' brand. The company offers loans through both direct lending and co-lending arrangements with other NBFCs, and also generates revenue by providing application and technology services to other NBFCs. Its lending operations primarily cater to salaried and self-employed borrowers, including first-time borrowers and lower-income salaried professionals across urban and semi-urban regions of India. As of July 31, 2026, the company had Assets Under Management (AUM) of ₹81.24 crore, net worth of ₹47.20 crore, and a debt-to-equity ratio of 0.80. The LoanFront app has crossed 114 lakh downloads with cumulative disbursements of ₹1,500 crore as of June 2026. As of July 31, 2026, the company had 56 employees, including 17 in technology, 11 in operations, and 11 in risk functions.
IPO Basic Details
| Company Name | Vaibhav Vyapaar Limited |
| IPO Type | SME IPO |
| Price Band | ₹51 – ₹54 |
| Lot Size | 2000 Shares |
| Total Issue Size | 77,96,000 Equity Shares (₹42.10 Cr) |
IPO Strengths & Risks
Strengths
- 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
Risks
- Interest rate volatility may adversely affect lending and treasury operations, Net Interest Income, Net Interest Margin and results of operations
- Success depends on retaining and expanding customer base
- Significant portion of AUM is concentrated in certain states and regions of India
- Unsecured lending exposure and rising net NPAs remain important concerns
- Operating in a highly competitive and fragmented digital lending segment
IPO Important Dates
| IPO Open Date | 13 Oct 2026 |
| IPO Close Date | 15 Oct 2026 |
| Basis of Allotment | 16 Oct 2026 |
| Refund Initiation | 19 Oct 2026 |
| Demat Credit Date | 19 Oct 2026 |
| Listing Date | 21 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | 49.88% of Net Issue (36,94,000 shares) |
| Retail Quota | 35.05% of Net Issue (25,96,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 4000 | ₹2,16,000 |
| Retail Maximum | 2 Lots | 4000 | ₹2,16,000 |
| S-HNI Minimum | 3 Lots | 6000 | ₹3,24,000 |
| S-HNI Maximum | 9 Lots | 18000 | ₹9,72,000 |
| B-HNI Minimum | 10 Lots | 20000 | ₹10,80,000 |
Key Performance Indicators (KPI)
| ROE | 6.99% (FY26), 7.87% (Q1 FY27) |
| ROCE | 26.99% (FY26), 12.44% (Q1 FY27) |
| RoNW | - |
| PAT Margin | 5.36% (FY26), 16.70% (Q1 FY27) |
| EBITDA Margin | 29.47% (FY26), 41.72% (Q1 FY27) |
| EPS | ₹0.97 (Pre-IPO), ₹3.20 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 1.60 (FY26), 0.80 (Q1 FY27) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jul 31, 2026) | ₹96.16 Cr | ₹18.15 Cr | ₹3.01 Cr | ₹7.51 Cr | ₹47.20 Cr | ₹37.90 Cr |
| FY2026 (Mar 31, 2026) | ₹84.23 Cr | ₹37.64 Cr | ₹1.97 Cr | ₹10.84 Cr | ₹29.19 Cr | ₹46.80 Cr |
| FY2025 (Mar 31, 2025) | ₹55.04 Cr | ₹25.34 Cr | ₹1.48 Cr | ₹7.07 Cr | ₹27.22 Cr | ₹22.66 Cr |
| FY2024 (Mar 31, 2024) | ₹61.18 Cr | ₹25.46 Cr | ₹0.45 Cr | ₹5.38 Cr | ₹25.74 Cr | ₹26.76 Cr |
Grey Market Premium
| GMP Price | ₹0 |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 09 Oct 2026 |
| Estimated Listing Price | ₹52 (0.00% premium over upper price band) |
IPO Subscription Data
| Total Subscription | 0.19x (as of Day 1, Oct 13, 2026) |
| QIB (Ex Anchor) | 0.00x |
| HNI Subscription | 0.42x |
| Retail Subscription | 0.20x |
| Anchor | - |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: https://www.kfintech.com
IPO Lead Manager(s)
Company Information
Address: Arch Square-X2, Unit-1406, 14th Floor, EP-GP Block, Sector V, Bidhannagar, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, Kolkata, West Bengal - 700091
Website: https://www.loanfront.com
Email: investors@vaibhavvyapaar.com
Phone: +91 9986611345
IPO Documents
Frequently Asked Questions (FAQ)
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