Vaibhav Vyapaar Ltd.
RHP · filed 13 Oct 2026
Vaibhav Vyapaar Ltd. is a company engaged in lending and treasury operations, with approximately 80% of its Assets Under Management (AUM) as of March 31, 2026, consisting of repeat customers. The offer is structured as a fresh issue of equity shares, with the company stating that its AUM for the stub period ended July 31, 2026, and fiscal years 2024, 2025, and 2026 consisted entirely of unsecured loans. The company's financial trajectory is subject to high severity risks, including exposure to interest rate volatility, a high concentration of unsecured lending to borrowers with a relatively higher risk profile, and a significant portion of AUM concentrated in specific states like Uttar Pradesh and West Bengal.
What stands out
Risk factor. Our business is exposed to interest rate volatility, which may adversely affect our lending and treasury operations, Net Interest Income, Net Interest Margin and results of operations.
Risk factor. Our lending operations primarily involve unsecured loans to borrowers with a relatively higher risk profile, and any increase in defaults or our inability to recover outstanding dues may have a material adverse effect.
How the offer is structured
- Augment the capital base of our company
- General corporate purposes₹10.0 Cr
Promoters, litigation & related parties
Promoter (pre)
93.8%
Related-party
8.2%
Share of revenue
Risks the company discloses
Our business is exposed to interest rate volatility, which may adversely affect our lending and treasury operations, Net Interest Income, Net Interest Margin and results of operations.(Financial)
Our success depends on retaining and expanding our customer base; approximately 80% of our total AUM as of March 31, 2026, comprised repeat customers.(Customer/Market)
A significant portion of our Assets Under Management (AUM) is concentrated in certain states and regions of India, such as Uttar Pradesh (475.00 lakhs) and West Bengal (415.27 lakhs) as at July 31, 2026.(Geographic)
Our lending operations primarily involve unsecured loans to borrowers with a relatively higher risk profile, and any increase in defaults or our inability to recover outstanding dues may have a material adverse effect.(Credit Risk)
Our AUM for stub period ended 31.07.2026 and Fiscal 2026, 2025 and 2024 consisted of unsecured loans which are susceptible to higher levels of credit risks and lower recovery rates as compared to secured loans.(Credit Risk)
Our GNPA % was 4.56% as at July 31, 2026, and NNPA % was 1.72% as at July 31, 2026.(Credit Risk)
Our business operations are highly dependent on the continuous availability, reliability, scalability and security of our mobile application and underlying information technology infrastructure.(Technology)
Any actual or perceived data breach, cyber-attack, hacking incident, malware, ransomware, phishing attack, unauthorised access or other compromise of our systems may result in loss, misuse or corruption of data, interruption of services, customer attrition, reputational damage, regulatory scrutiny, litigation, financial penalties and increased compliance, remediation and operational costs.(Technology)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.