Overview
Updated 2 hr agoVaibhav Vyapaar Limited is a non-banking financial company (NBFC) that provides unsecured personal loans to salaried and self-employed individuals through its digital lending platform, 'LoanFront'. The company operates through a direct lending and co-lending model, focusing on urban and semi-urban regions in India.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,08,000 |
| bNII (min) | 10 | 20,000 | ₹10,80,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | NSE |
| Segment | SME |
| Sector | Finance - NBFC |
| Price band | ₹51–54 |
| Final issue price | ₹54.00 |
| Face value | ₹5 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,08,000 |
| Issue size | ₹42.00 Cr |
| Offer for sale | ₹0.00 Cr |
| Market cap at upper band | ₹152 Cr |
| P/E at upper band | 44.3x |
| Registrar | Kfin Technologies Limited |
| Lead managers | Getfive Advisors Private Limited |
| NSE symbol | LOANFRONT |
| ISIN | INE1KAA01025 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Vaibhav Vyapaar Limited, incorporated in 2009, is a technology-driven NBFC that provides unsecured personal loans under the brand 'LoanFront'. The company leverages a digital lending platform for loan origination, credit assessment, and disbursement. It operates through a combination of direct lending and co-lending arrangements with other financial institutions. The company's business model is focused on serving underbanked customer segments, including salaried and self-employed individuals, across various geographies in India. The company was acquired by Capfront Technologies Private Limited in 2019, which currently acts as its holding company.
Objects of the issue — how the money will be used
- Augment the capital base of our company (₹32 Cr)
- General Corporate Purpose
Key strengths
- Ground-Level Market Understanding and Customer Insights
- Digital Lending Platform with In-House Technology
- Experienced Leadership and Management Team
- Underwriting Framework and Risk Management Systems
Key risks
- Business is exposed to interest rate volatility
- Success depends on retaining and expanding customer base
- Significant portion of AUM is concentrated in certain states
- Lending operations primarily involve unsecured loans with higher risk profile
- Dependent on continuous availability and security of mobile application and IT infrastructure
- Dependent on third-party software vendors and service providers
- Dependent on 'LoanFront' trademark
- Witnessed negative operating cash flows in the past
Promoters
Itha Venkata Raghava Gowrinath, Capfront Technologies Private Limited
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 25.46 | -- | 0.45 | 61.18 | 25.74 | 26.76 |
| FY25 | 25.34 | -- | 1.48 | 55.04 | 27.22 | 22.66 |
| FY26 | 37.64 | -- | 1.97 | 84.23 | 29.19 | 46.80 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Vaibhav Vyapaar this issue | 37.6 | 1.22 | 44.3x | 6.75 | 18.13 |
| Paisalo Digital Limited | 917.4 | 2.59 | 30.5 | 13.24 | 19.49 |
| Apollo Finvest (India) Limited | 21.3 | 18.63 | 22.0 | 9.36 | 199.03 |
| Moneyview Limited | 1,902.3 | 0.76 | -- | 5.85 | 52.78 |
This issue is priced at 44.3x P/E against a peer median of 26.3x: a premium of 69%. A measurement, not a verdict.
Other Finance - NBFC IPOs
Same sector, listed just before and after this one, with their listing-day change.
Asset Reconstruction Co.(India)ARCIL · BSE, NSE · Mainboard · Finance - NBFC−1.4%17 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.