Vaibhav Vyapaar IPO
Vaibhav Vyapaar IPO is an SME IPO raising ₹42 Cr at ₹51 – ₹54 a share. It listed on 21 Oct 2026 at ₹53, −2.0% against its issue price of ₹54, and trades at ₹53 today (−1.1% since issue). It was subscribed 3.80× in total.
3.8 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs54 + OFS by subtraction from exchange total Rs42 Cr. Checked: exchange issue size Rs42 Cr vs derived Rs42.1 Cr (0.2% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 69% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Paisalo Digital Limited | 30.53× | 13.24% | ₹2.59 |
| Apollo Finvest (India) Limited | 22× | 9.36% | ₹18.63 |
| Moneyview Limited | — | 5.85% | ₹0.75 |
| This issue | 44.3× | 6.75% | ₹1.22 |
derived: cut-off price Rs54 / stated EPS Rs1.22 (FY26 (year ended 31.03.2026) basic & diluted, restated standalone). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.