Vaibhav Vyapaar, an RBI-registered non-banking financial company specializing in digital personal lending, plans to raise ₹42 crore through an initial public offering on NSE Emerge. The IPO opens for subscription on Tuesday with a price band fixed at ₹51-₹54 per share. The company will issue 77.96 lakh equity shares as part of the offering, according to thehindubusinessline.com.
The net proceeds from the IPO will be used to augment the company’s capital base and for general corporate purposes. Getfive Advisors is the book running lead manager for the issue, while Kfin Technologies has been appointed as the registrar. Chairman and Managing Director Itha Venkata Raghava Gowrinath highlighted that the company’s LoanFront app has crossed 114 lakh downloads and cumulative disbursements of ₹1,500 crore as of June, serving salaried and self-employed borrowers across urban and semi-urban India, thehindubusinessline.com reported.
Vaibhav Vyapaar aims to support loan book growth in line with RBI capital adequacy norms by using the fresh issue proceeds primarily to augment its capital base. The company focuses on disciplined underwriting, robust risk management, expanding co-lending partnerships, and continued investment in its technology platform. This move positions Vaibhav Vyapaar to strengthen its presence in the digital lending market, which has seen increased activity from NBFCs leveraging technology to reach underserved borrowers, thehindubusinessline.com noted.
The IPO subscription begins on Tuesday, with the company targeting to raise ₹42 crore through the issuance of 77.96 lakh shares priced between ₹51 and ₹54 each. This public listing marks a significant step for Vaibhav Vyapaar as it seeks to expand its lending operations while adhering to regulatory capital requirements, thehindubusinessline.com stated.