Now Reading: Vaibhav Vyapaar shares list on NSE SME at 6% GMP
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Vaibhav Vyapaar shares list on NSE SME at 6% GMP
The Story in Brief
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.
Source: economictimes.indiatimes.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
