Vaibhav Vyapaar IPO

About Vaibhav Vyapaar IPO

Vaibhav Vyapaar IPO, an SME IPO, opens on October 13, 2026 and closes on October 15, 2026. The allotment of shares will take place on October 16, 2026. The listing of shares will take place on October 21, 2026 on the NSE SME platform.

Vaibhav Vyapaar IPO’s price band is set at ₹50 to ₹52 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,08,000 (4,000 shares) based on the upper price band.

The total issue comprises 77,96,000 shares, aggregating up to ₹41 crores. This includes 3,90,000 shares reserved for the market maker, aggregating up to ₹2 crores. The fresh issue excluding the market-maker portion comprises 74,06,000 shares, aggregating up to ₹39 crores.

Vaibhav Vyapaar is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). They provide unsecured personal loans to salaried individuals and self-employed individuals through their fully digital lending platform, both on a direct lending and co-lending basis.

Objectives of Vaibhav Vyapaar IPO

• Augment the capital base of the company.
  
• General corporate purpose.
  

Industry Outlook

The Indian banking industry has recently witnessed the rollout of innovative banking models like payments and small finance banks. In recent years India has also focused on increasing its banking sector reach, through various schemes like the Pradhan Mantri Jan Dhan Yojana and Post payment banks. Schemes like these coupled with major banking sector reforms like digital payments, neo-banking, a rise of Indian NBFCs and fintech have significantly enhanced India’s financial inclusion and helped fuel the credit cycle in the country. India has the third largest FinTech ecosystem globally. India is one of the fastest-growing Fintech markets in the world. There are currently more than 2,000 DPIIT recognised Financial Technology (FinTech) businesses in India, and this number is rapidly increasing. The digital payments system in India has evolved the most among 25 countries with India’s Immediate Payment Service (IMPS) being the only system at level five in the Faster Payments Innovation Index (FPII). India’s Unified Payments Interface (UPI) has also revolutionized real-time payments and strived to increase its global reach in recent years.

Banks are launching new online services and AI-powered chatbots to make digital banking more secure and convenient. Two-factor authentication and biometric verification are being strengthened to safeguard digital transactions. As per the latest guidelines of the National Payments Corporation of India (NPCI), the UPI ID of customers linked to an inactive mobile number will become inactive.

About Vaibhav Vyapaar

Vaibhav Vyapaar is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). They provide unsecured personal loans to salaried individuals and self-employed individuals through their fully digital lending platform, both on a direct lending and co-lending basis. In parallel, they also generate revenue by offering their application and technology services to other NBFCs. Their operating model enables credit access, particularly first-time borrowers, including lower-income salaried professionals.

The company operates through their mobile application, which supports loan origination, due diligence and underwriting process along with documentation, disbursal, and repayment. Their digital infrastructure uses verification and technology-enabled tools that facilitate credit assessment, credit decisioning and risk evaluation.

Strengths of Vaibhav Vyapaar

• Market understanding and customer insights.
• Digital lending platform.
• Experienced management team.
• Disciplined underwriting framework and robust risk management.

Risks of Vaibhav Vyapaar

• The business is vulnerable to interest rate risk, and volatility in interest rates could have an adverse effect on the net interest income and net interest margin.
• Their success depends on retaining and expanding their customer base.
• A significant portion of their Assets Under Management (AUM) is concentrated in certain states and regions of India.
• Their lending operations primarily involve unsecured loans to borrowers with a relatively higher risk profile.
• Their business is dependent on their technology platform, and any disruption or failure may adversely affect their operations and financial performance.

Anchor Investor Bidding Date

Monday, Oct 12, 2026

Registrar Details
Kfin Technologies Ltd.
Email: vaibhav.ipo@kfintech.com
Phone: 040-79615565

Book Running Lead Manager
GetFive Advisors Pvt. Ltd.

Vaibhav Vyapaar Contact Details 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
Email: cs@vaibhav-vyapaar.com
Phone: 9986611345

Vaibhav Vyapaar Business Model

The company earns its revenue as a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI).

Vaibhav Vyapaar Growth Trajectory

Vaibhav Vyapaar’s Total Income for FY26 was ₹37.63 crores, whereas in FY25 and FY24 it was ₹25.34 crores and ₹25.46 crores, respectively.

The Profit After Tax for FY26 was ₹1.97 crores, whereas in FY25 and FY24 it was ₹1.48 crores and ₹0.45 crores, respectively.

Their EBITDA for FY26 was ₹10.84 crores, whereas in FY25 and FY24 it was ₹7.07 crores and ₹5.38 crores, respectively.

Vaibhav Vyapaar Market Position

As on 31.03.2026, the company has Asset Under Management (AUM) of ₹70.68 crores and a net worth of ₹27.21 crores. The company also maintained a debt-to-equity ratio of 1.60 as on March 31, 2026.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹37.63 crores, ₹1.97 crores, and ₹10.84 crores, respectively.

How to Apply for Vaibhav Vyapaar IPO?

• Log in to your Kotak Neo account on the app/web and go to the "IPO" section.
  
• Select the IPO to review details such as the price band and issue size.
  
• Tap "Apply for IPO", select your category, and enter lots and bid price or choose the cut-off option.
  
• Enter your valid UPI ID or choose ASBA to block funds in your linked bank account.
  
• Submit the application and approve the mandate request sent to your UPI app to block funds.