Vaibhav Vyapaar Ltd.
VVLSME
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Overview
Vaibhav Vyapaar Limited is an RBI-registered non-banking financial company (NBFC) that provides unsecured personal loans to salaried and self-employed borrowers through its digital lending platform, LoanFront. The company originates and services loans end-to-end via its mobile app, using digital onboarding, KYC, credit assessment and automated collections, and also earns fees by providing its application/technology services to other NBFCs.
- Opening Date
Oct 13, 2026
- Closing Date
Oct 15, 2026
- Listing Date
Oct 21, 2026
- IPO Type
SME
- IPO Status
Open
- Issue Size
42.1 Cr
- Fresh Issue
42.1 Cr
- Offer for Sale
0 Cr
- Price Band
₹51 - ₹54
- Lot Size
2000
IPO Timeline
Financials
Use of IPO funds
Key Performance Indicator
- P/E Ratio
53.61
- EPS
0.97
- ROE
7.87%
- ROCE
12.44%
- RONW
6.37%
- Debt to Equity Ratio
0.8
- PAT Margin
16.7%
- EBITDA Margin
41.72%
- P/B
2.25
Bull vs Bear
Bull case
- •
Repeat customers contribute 75%+ of revenue, which can lower marketing costs and make growth more predictable if service quality stays strong.
- •
Net interest spread around 12.6%–13.3% suggests room to absorb some costs and credit losses, which matters in a lending business.
- •
High CRAR like 43.80% gives a buffer for growth and bad-loan shocks, and can support access to funding when markets tighten.
Bear case
- •
Interest-rate swings can squeeze the gap between lending rates and borrowing costs, which can hit profits even if loan demand stays steady.
- •
If customer acquisition slows or repeat borrowers churn, loan growth and fee income can weaken, raising per-loan costs and pressuring margins.
- •
AUM is concentrated in a few states, so local shocks can hurt collections and increase NPAs, which can force higher provisions and reduce cash flow.
Application Details
