IPO Launch and Offering Details
Vaibhav Vyapaar Limited, operating under the brand LoanFront, announced the opening of its Initial Public Offering on Tuesday, 13 October 2026. The IPO aims to raise a maximum of ₹42.10 crore by issuing 7,796,000 equity shares at a face value of ₹5 each, with a price band set between ₹51 and ₹54 per share. The shares will be listed on the NSE Emerge platform.
The equity allocation is structured as follows: up to 2,200,000 shares for anchor investors, not more than 1,494,000 shares for qualified institutional buyers (QIB), up to 1,116,000 shares for non‑institutional investors (NII), a minimum of 2,596,000 shares for individual investors, and up to 390,000 shares for market makers. Anchor bidding is scheduled for Monday, 12 October 2026, the issue opens on 13 October 2026 and closes on Thursday, 15 October 2026.
Getfive Advisors Private Limited is appointed as the Book Running Lead Manager, while Kfin Technologies Limited serves as the Registrar to the Issue.
Use of Proceeds
The net proceeds from the fresh issue will be primarily used to augment the company’s capital base, thereby supporting the expansion of its loan book in accordance with RBI capital adequacy norms and to meet general corporate purposes.
Management Commentary
Mr. Itha Venkata Raghava Gowrinath, Chairman, Managing Director & Promoter, stated that the IPO marks a milestone from an NBFC licence holder to a technology‑led digital lending platform. He highlighted that the LoanFront app has achieved 114 lakh downloads and cumulative disbursements of ₹1,500 crore as of June 2026, and that the capital raised will bolster disciplined underwriting, risk management, co‑lending partnerships, and technology investments.
Mr. Aman Jain, Director of Getfive Advisors, noted the rapid expansion of India’s digital lending ecosystem, driven by smartphone penetration, digital KYC, and growing demand for formal credit among underserved borrowers. He affirmed that the IPO proceeds aimed at capital augmentation will support growth of the loan portfolio.
Company Profile and Financial Highlights
Incorporated in Kolkata in 2009, Vaibhav Vyapaar Limited (LoanFront) is an RBI‑registered non‑banking financial company offering unsecured personal loans to salaried and self‑employed individuals via its LoanFront app, operating on both direct lending and co‑lending models. The company also generates platform fees and commissions by providing its technology services to other NBFCs. It is a subsidiary of Capfront Technologies Private Limited, owning the LoanFront app, loan management system, and related intellectual property.
As of 31 July 2026, the company reported assets under management (AUM) of ₹8,124.05 Lakhs and a capital adequacy ratio (CRAR) of 43.80%. For the full fiscal year 2026, revenue stood at ₹3,679.94 Lakhs, EBITDA margin at 29.47%, and profit after tax (PAT) margin at 5.36%. For the four‑month period ended July 2026, revenue was ₹1,800.33 Lakhs, EBITDA margin improved to 41.72%, and PAT margin rose to 16.70%.
Regulatory and Listing Information
The IPO complies with RBI regulations for NBFCs and will be listed on the NSE Emerge platform, providing a new avenue for public market participation.