The Vaibhav Vyapaar IPO is scheduled for October 13–15, 2026, at ₹51–₹54 per share, according to NSE’s forthcoming-issue page. The exchange lists a fresh issue of up to 7,796,000 shares. The prospectus proposes ₹32 crore from net proceeds to augment the company’s capital base, with a separate allocation for general corporate purposes to be finalised.
A proposed allocation is not money already received
The prospectus’s “Objects of the Issue” table sets out ₹3,200 lakh for capital-base augmentation. One hundred lakh equals one crore, so that line represents ₹32 crore. This is a proposed use of issue proceeds, not confirmation that the offer has raised or deployed that amount.
The document distinguishes gross proceeds from net proceeds after issue expenses. CapKet calculation: multiplying the maximum share count by the ₹54 cap price gives ₹42.0984 crore, approximately ₹42.10 crore. This is a cap-price gross-size calculation assuming the full stated share count; it is not the final net funding available for the disclosed purposes.
The RHP notes that the objects have not been appraised by a bank, financial institution or independent third-party organisation. Treat the allocation as the issuer’s disclosed plan, not an independently guaranteed outcome.
The application starts at two lots
NSE lists a 2,000-share lot. The prospectus’s minimum-application section requires two lots, with a minimum value above ₹2 lakh. Combining those instructions means a minimum 4,000-share application—not a single 2,000-share lot.
At the ₹54 cap, 4,000 shares equal ₹2,16,000; at the ₹51 floor, they equal ₹2,04,000. Those calculations describe the application commitment, not guaranteed allotment, a target price or potential gains. Confirm the applicable category and current instructions with your intermediary before submitting.
Bidding and mandate deadlines differ
NSE’s issue detail lists normal bidding from 10 AM to 5 PM, but bidding on the closing day only up to 4 PM. UPI mandate confirmation is listed up to 5 PM on October 15. These are different steps and times; a later mandate deadline does not extend the bid-entry window.
The exchange names KFin Technologies Limited as registrar and Getfive Advisors Private Limited as book-running lead manager. This report has not verified subscription totals, final allotment, trading commencement or any grey-market premium.
For another forthcoming SME offer with a different funding plan, see CapKet’s Ravita working-capital and equipment report. Do not transfer one issuer’s terms or funding allocation to another.
Primary evidence
CapKet checked NSE’s LOANFRONT issue details, its upcoming list and the exchange-hosted RHP at 1:55 AM IST on October 11, 2026. The reviewed RHP sections are printed pages 82 and 220. The price band is from the current exchange detail, not an unfilled price placeholder in the RHP.