Vaibhav Vyapaar IPO GMP Today

The issue

Incorporated in 2009 and headquartered in Kolkata, West Bengal, Vaibhav Vyapaar Limited is an RBI-registered Non-Banking Financial Company (NBFC) providing digital retail credit. It extends unsecured personal loans to salaried and self-employed individuals through its proprietary mobile app, LoanFront, via direct lending and co-lending arrangements. The company also offers technology and application services to other NBFCs and reported cumulative loan disbursements of ₹1,500 crore as of June 2026.

Vaibhav Vyapaar Limited is a SME issue on NSE. The price band is ₹54. One lot is 2,000 shares, and the smallest application is 2 lots (4,000 shares, ₹2,16,000 at the top of the band). The issue size is ₹42.1 crore.

The issue is entirely a fresh issue of shares with no offer for sale. The net proceeds are proposed to be utilized primarily to augment the company's capital base for future loan growth and for general corporate purposes.

For FY26, revenue from operations increased 46.91% to ₹36.80 crore from ₹25.05 crore in FY25. Profit after tax (PAT) grew 33.20% to ₹1.97 crore in FY26 compared to ₹1.48 crore in FY25.

Vaibhav Vyapaar listed on 21 Oct 2026 at −2.04% over the ₹54 issue price. The last grey-market premium before listing was +₹3 (+5.56%), so the listing came in below what the grey market implied.

Latest overall subscription on this edition is 3.23×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.

The company's portfolio is concentrated in unsecured personal loans, exposing it to elevated credit and borrower default risks. It is also vulnerable to interest rate fluctuations and depends heavily on third-party software vendors and digital payment systems for operations.

The timetable on the record is open 13 Oct 2026, close 15 Oct 2026, allotment 16 Oct 2026, listing 21 Oct 2026. KFin Technologies is the registrar. Check allotment on their site with your PAN after the basis is out. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.

Company profile: AI analysis of the offer document and news coverage (2 Nov 2026). Sources: trendlyne.com, ipomaster.net, tribuneindia.com, halalstock.in, taxguru.in. Check the offer document before relying on a figure.