Vaibhav Vyapaar shares are set to debut on the NSE SME platform today, October 21, 2026, with the IPO commanding a grey market premium (GMP) of around 6%. The grey market premium indicates expectations of a modest listing gain over the issue price, suggesting positive investor sentiment ahead of the debut. As per IPO Ji, the latest recorded GMP stands at ₹18 per share, representing a 6% premium over the ₹289 upper price band, with the indicative listing price at ₹307.
The Rs 42.10 crore book-built issue was subscribed 2.27 times during its subscription period from October 13-15, 2026. The issue comprised an entirely fresh issue of 77.96 lakh shares with the basis of allotment finalised on October 16. The company had fixed the IPO price band at Rs 51-Rs 54 per share with a minimum application lot of 2,000 shares, requiring retail investors to apply for at least 4,000 shares for a minimum investment of Rs 2,16,000.
As of July 31, 2026, Vaibhav Vyapaar reported assets under management (AUM) of Rs 812.41 crore and a net worth of Rs 471.96 crore. The company maintained a debt-to-equity ratio of 0.80 and employed 56 people across technology, operations and risk management functions. The company plans to use Rs 32 crore from the proceeds to strengthen its capital base.
The company operates its digital lending business through LoanFront and has been doing so for six years. Vaibhav Vyapaar was acquired by CapFront Technologies Private Limited in October 2019. The company uses technology-driven tools for credit assessment and risk evaluation in its lending operations.
GetFive Advisors Pvt. Ltd. serves as the book-running lead manager for the issue, while KFin Technologies Ltd. acts as the registrar. The issue structure required high-net-worth individual investors to apply for a minimum of three lots (6,000 shares) at the upper price band, requiring an investment of Rs 3,24,000.
