NSE SME Vaibhav Vyapaar gets off to a slow start

Vaibhav Vyapaar traded at Rs 53 on the NSE, a 1.85% discount to its issue price of Rs 54.

The scrip was listed at Rs 52.9, a 2.04% discount to the issue price. The stock is currently up 0.19% from its listing price.

The counter hit a high of Rs 53.85 and a low of Rs 50.30. About 15.46 lakh shares changed hands on the NSE.

Vaibhav Vyapaar's IPO was subscribed 2.20 times. The IPO opened for subscription on 13 October 2026 and closed on 15 October 2026. The price band was Rs 51-54 per share.

The IPO comprised an entirely fresh issue of 77.96 lakh shares aggregating to approximately Rs 42.10 crore. The promoter and promoter group shareholding declined to 72.34% after the IPO from 99.99% before the issue.

Vaibhav Vyapaar plans to utilise Rs 32 crore of the IPO proceeds to augment the company's capital base, with the balance of the net proceeds intended for general corporate purposes, subject to the final allocation disclosed in the offer documents.

The company raised Rs 11.88 crore from anchor investors on 12 October 2026 through the allocation of 22 lakh shares.

Incorporated in February 2009, Vaibhav Vyapaar is a non-banking financial company (NBFC) engaged in providing unsecured personal loans to salaried and self-employed individuals through its digital lending platform, LoanFront. The company offers loans through direct lending and co-lending arrangements with other NBFCs and also generates revenue by providing application and technology services to other NBFCs.

The company's digital platform supports loan origination, customer verification, underwriting, documentation, disbursal and repayment. Its lending operations primarily cater to underserved customers, including first-time borrowers and lower-income salaried professionals across urban and semi-urban areas of India. As of 31 July 2026, the company reported assets under management (AUM) of Rs 812.41 crore, net worth of Rs 471.96 crore and a debt-to-equity ratio of 0.80.

Financially, Vaibhav Vyapaar reported total income of Rs 37.64 crore in FY2026, up 48.46% from Rs 25.34 crore in FY2025. Profit after tax (PAT) increased 33.11% to Rs 1.97 crore from Rs 1.48 crore, while EBITDA rose 53.32% to Rs 10.84 crore from Rs 7.07 crore. Total borrowings increased 106.53% to Rs 46.80 crore from Rs 22.66 crore.

For the period ended 31 July 2026, the company reported total income of Rs 18.15 crore and PAT of Rs 3.01 crore, while EBITDA stood at Rs 7.51 crore.

Powered by Capital Market - Live News