- POSITIVE
Annual Revenue Vaibhav Vyapaar Mar-2026 Annual Revenue is Rs 38 Cr which is growth of 48.5% YoY.
- POSITIVE
Annual Net Profit Vaibhav Vyapaar Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of 33.2% YoY.
Vaibhav Vyapaar was incorporated on February 24, 2009. The company is an RBI-registered NBFC providing unsecured personal loans to salaried and self-employed individuals through a fully digital platform, including direct lending and co-lending. It also offers application and technology services to other NBFCs, using digital tools for customer verification, credit assessment, underwriting, loan disbursal and repayment
| Bidding Dates |
|---|
| 13 Oct 2026 - 15 Oct 2026 |
| Subscription |
|---|
| 3.08x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹200,000 | 2 | 2 | 2000 | 7.8 M | ₹50 - ₹52 | 72.34 % | ₹389.8 M - ₹405.4 M | RHP DOC |
Vaibhav Vyapaar IPO SUBSCRIPTION STATUS
15 Oct '26Total3.08x
Retail Individual Investor3.58x
HNI (NII) Investors9.3x
Qualified Institutional Buyers0.86x
Vaibhav Vyapaar IPO overall subscription rate was 3.08 times the total available shares
Vaibhav Vyapaar IPO retail subscription rate was 3.58 times in the retail segment
Vaibhav Vyapaar IPO non-institutional investor subscription rate was 9.3 times in the non-institutional investor category
Vaibhav Vyapaar IPO Qualified Institutional Bidder subscription rate was 0.86 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
15 Oct 2026 (Day 3) | 3.58x | 9.3x | 0.86x |
14 Oct 2026 (Day 2) | 0.78x | 1.01x | - |
13 Oct 2026 (Day 1) | 0.26x | 0.56x | - |
Vaibhav Vyapaar FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 18.0 | 3.0 | 2.1 | 0.8 | 41.7% |
| FY26 | 36.8 | 2.0 | -18.4 | -21.1 | 29.5% |
| FY25 | 25.0 | 1.5 | 0.3 | -2.8 | 28.2% |
| FY24 | 25.3 | 0.5 | -0.4 | -2.2 | 21.3% |
Vaibhav Vyapaar IPO SUBSCRIPTION STATUS DETAILS
Vaibhav Vyapaar had 7.8 M shares on offer
Vaibhav Vyapaar IPO offer price was in the range ₹50 - ₹52
Vaibhav Vyapaar IPO minimum Investment was ₹200000
Vaibhav Vyapaar IPO issue size was ₹ 389.8 M - ₹ 405.4 M
Vaibhav Vyapaar had a minimum lot size of 2000 Shares per application
Vaibhav Vyapaar NUMBER OF SHARES ON OFFER
Total7.8 M
Fresh Issue7.8 M
Offer for Sale0
Post Issue Promoter Holding %72.34 %
Vaibhav Vyapaar IPO IMPORTANT DATES
| Issue Open Date | 13 Oct 2026 |
| Issue close Date | 15 Oct 2026 |
| Allotment Date | 16 Oct 2026 |
| Refund Date | 19 Oct 2026 |
| Demat Account Credit Date | 19 Oct 2026 |
| Listing Date | 21 Oct 2026 |
| Listing on Exchange(s) | NSE |
| Vaibhav Vyapaar Allotment Status | Exchange/ Registrar |
Vaibhav Vyapaar IPO subscription opened on 13 Oct 2026, and closed on 15 Oct 2026
IPO allotment for Vaibhav Vyapaar was finalized on Friday, 16 Oct 2026
IPO listing for Vaibhav Vyapaar was on NSE on Wednesday, 21 Oct 2026
Vaibhav Vyapaar IPO LISTING GAINS
| Issue Price (adjusted) | 52.0 |
| Listing Open Price | 52.9 |
| Listing Close Price | 53.0 |
| Listing Gain% | 1.7% |
| Current Gain% | 13.3% |
Vaibhav Vyapaar Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vaibhav Vyapaar Ltd. | 58.9 | 166 | 84.2 | 2.5 | 4.4 | 6.8 | 2.3 | 37.6 | 48.5 | 2 | 33.2 | 0.7 | 33.2 |
| Bajaj Finance Ltd. | 959.4 | 597318.1 | 27.5 | 1.5 | 6.6 | 16.7 | 3.4 | 81989.5 | 17.6 | 19017.4 | 14.3 | 34.8 | 18.5 |
| Shriram Finance Ltd. | 863.4 | 203153.7 | 16 | 0.6 | 3.9 | 15.2 | 3.1 | 48192.6 | 15.1 | 10024.2 | 4.9 | 53.9 | 28.6 |
| Jio Financial Services Ltd. | 213.2 | 146143.2 | 82.3 | 16.5 | 26 | 1.2 | 1 | 3542.6 | 70.4 | 1560.9 | -3.2 | 2.6 | 5 |
| Tata Capital Ltd. | 325.3 | 138085.6 | 23.1 | 0.6 | 4 | 10.8 | 1.7 | 31582.6 | 11.3 | 4846.1 | 32.2 | 14.1 | 41.6 |
| Cholamandalam Investment & Finance Company Ltd. | 1624.4 | 136993.3 | 22 | 0.6 | 4 | 17.2 | 2.1 | 31538.7 | 20.6 | 5232.6 | 22.8 | 73.8 | 33.9 |
Annual
Balance Sheet
Ratios
Cash Flow
Vaibhav Vyapaar annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 37.6 | 25.3 | 25.5 | ||
Operating Exp. Ann. | 26 | 18 | 19.9 | |
Operating Profit Ann. | 10.8 | 7.1 | 5.4 | |
OPM Ann. % | 28.82% | 27.91% | 21.14% | |
| 34.5 | 24.3 | 24.9 | ||
EBITDA Ann. | 11.7 | 7.4 | 5.6 | |
EBITDA Ann. margin % | 31.04% | 29.08% | 21.96% | |
Interest Ann. | 6.6 | 5.1 | 4 | |
Depr. | 1.9 | 1.3 | 1 | |
PBT Ann. | 3.2 | 1 | 0.6 | |
Tax Ann. | 1.2 | -0.5 | 0.2 | |
| 2 | 1.5 | 0.5 | ||
Net Profit Ann. | 2 | 1.5 | 0.5 | |
NPM Ann. % | 5.35% | 5.90% | 1.80% | |
EPS Adj. latest Ann. | 0.7 | 0.5 | 0.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
48.6%
2Y CAGR
21.4%
Net Profit Ann.
1Y CHG
33.3%
2Y CAGR
100%
Operating Exp. Ann.
1Y CHG
44.4%
2Y CAGR
14.3%
Vaibhav Vyapaar INFORMATION ON IPO ISSUE
About Vaibhav Vyapaar
Vaibhav Vyapaar was incorporated on February 24, 2009. The company is an RBI-registered NBFC providing unsecured personal loans to salaried and self-employed individuals through a fully digital platform, including direct lending and co-lending. It also offers application and technology services to other NBFCs, using digital tools for customer verification, credit assessment, underwriting, loan disbursal and repayment
Object of the Issue
- Augment the capital base of the company
- General corporate purpose
Vaibhav Vyapaar - PROMOTERS
| Name |
|---|
| Itha Venkata Raghava Gowrinath |
| Capfront Technologies Private Limited |
Vaibhav Vyapaar - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Itha Venkata Raghava Gowrinath | Chairman & Managing Director |
| Ganeshprasad R Pavaskar | Whole–Time Director |
| Satyanarayana Reddy Veera Venkata Mallidi | Additional Executive Director |
| Pankaj Kumar Sharma | Independent Director |
| Swati Adlakha | Independent Director |
| Natrajan Gopal | Non-Executive Independent Director |
Vaibhav Vyapaar Book Running Lead Manager
Getfive Advisors Private Limited
investor.grievance@getfive.in
Vaibhav Vyapaar Registrar to the Offer
KFin Technologies Limited
vaibhav.ipo@kfintech.com
Vaibhav Vyapaar Strengths
Customer relationship
The company engages with customers through its application and uses its understanding of market and economic trends to assess financial needs across geographies. This helps it offer products suited to customers’ requirements, income patterns and cash flows
Strength
Digital lending platform
The company operates “LoanFront,” a digital lending platform used to maintain customer records and track funds disbursed to different borrower categories. The platform is designed in accordance with RBI digital lending guidelines
Strength
Risk management
The company uses underwriting models and credit checks to assess borrowers’ creditworthiness and repayment capacity before lending. It monitors its loan portfolio, reviews credit policies and follows up on repayments to manage portfolio quality and default risk
Strength
Vaibhav Vyapaar Risks
Customer retention risk
The company’s growth depends on attracting new customers, retaining existing ones and increasing AUM by offering relevant financial products and a good customer experience. Failure to meet evolving customer needs or provide attractive terms could lead to customer loss, increased competition and adversely affect business performance
Risk
Capital intensive
The company requires substantial funding through debt and equity to meet its capital needs and relies on timely access to financing at suitable terms. Any disruption in funding sources, difficulty meeting debt obligations or delayed customer repayments could adversely affect its financial performance and cash flows
Risk
Depend on vendors
The company relies on third-party software vendors and service providers for key functions such as customer verification, credit checks, payments, loan disbursal and collections. Service disruptions, security breaches, errors or regulatory non-compliance by these vendors could delay operations, increase costs and adversely affect business performance
Risk
IPO FAQs
The promoters of the company are Itha Venkata Raghava Gowrinath and Capfront Technologies Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 50.0 - 52.0.
The IPO application opens on Oct 13, 2026 and closes on Oct 15, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 200,000.0, the maximum value for this IPO is Rs 208,000.0.
This IPO will be allotted on Oct 16, 2026.
The refund will be credited to your account on Oct 19, 2026.
The allotted shares will be credited to your demat on Oct 19, 2026.
Vaibhav Vyapaar Ltd.’s shares listed on the stock exchanges on Oct 21, 2026.