# Vaibhav Vyapaar shares list on NSE SME at 6% GMP 2026-10-22T00:15:55+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Vaibhav Vyapaar shares debuted on the NSE SME platform on Wednesday, 21 October 2026, with a grey market premium of around 6% over the issue price, signalling a modest listing gain. The company's Rs 42.10 crore book-built IPO, which consisted of a fresh issue of 77.96 lakh shares, was subscribed 2.27 times. The price band was fixed at Rs 51 to Rs 54 per share, with retail investors requiring a minimum investment of Rs 2,16,000. The non-banking financial company plans to use Rs 32 crore from the net proceeds to strengthen its capital base, with the remainder for general corporate purposes. Vaibhav Vyapaar reported total income of Rs 38 crore in FY26, up 48% from the previous year, and profit after tax rose 33% to Rs 2 crore. GetFive Advisors acted as the book-running lead manager for the issue. ## Indian Opinion Analysis Vaibhav Vyapaar's listing at a 6% grey market premium suggests modest investor enthusiasm for an NBFC that has grown income and profit but remains small in scale. The Rs 42.10 crore issue proceeds, with Rs 32 crore earmarked for capital base strengthening, indicate the company is prioritising regulatory capital over expansion or technology investment. The modest 2.27-times subscription, especially after a six-year track record through its LoanFront platform and AUM of Rs 812 crore, shows selective demand from retail and HNI investors. Market attention will now focus on whether the listing day price holds near the GMP or drifts lower, as the company operates in a competitive digital lending space where asset quality is key. ## Coverage - economictimes.indiatimes.com Straight IPO reporting with factual GMP and subscription figures, no slant This brief was synthesised by AI from the source linked above. Tags: GetFive Advisors, KFin Technologies, LoanFront, NSE SME, Vaibhav Vyapaar Canonical: https://indianopinion.org/vaibhav-vyapaar-shares-list-on-nse-sme-at-6-gmp/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/vaibhav-vyapaar-shares-list-on-nse-sme-at-6-gmp/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/