Vectras Enprocon IPO Details

Bookbuilding IPO | ₹53 Cr | Listing at BSE SME | Fri, Oct 30, 2026 - Tue, Nov 3, 2026 (O)

IPO Details

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Vectras Enprocon IPO is a book build issue of ₹53.05 crores. The issue is a combination of fresh issue of 40.56 lakh shares aggregating to ₹42.59 crores and offer for sale of 9.96 lakh shares aggregating to ₹10.46 crores.

Vectras Enprocon IPO bidding opened for subscription on Oct 30, 2026 and will close on Nov 3, 2026. The allotment for the Vectras Enprocon IPO is expected to be finalized on Nov 4, 2026. Vectras Enprocon IPO will list on the BSE SME with a tentative listing date fixed as Nov 6, 2026.

Vectras Enprocon IPO is set issue price band at ₹99 to ₹105 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,78,000.

Beeline Capital Advisors Pvt.ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd.

Refer to Vectras Enprocon IPO RHP for detailed Information.

To be declared

Fri, Oct 30, 2026

IPO Close

Tue, Nov 3, 2026

Price Band

₹99 to ₹105

Market Cap

₹200.09 Cr * on Upper Price

IPO Date

30 Oct to 3 Nov, 2026
Listing Date

Fri, Nov 6, 2026 (T)
Face Value

₹10 per share
Price Band

₹99 to ₹105
Lot Size

1,200 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

50,52,000 shares (agg. up to ₹53 Cr)
Reserved for Market Maker

2,53,200 shares (agg. up to ₹3 Cr) Spread X Securities Pvt.Ltd.
Fresh Issue (Ex Market Maker)

38,02,800 shares (agg. up to ₹40 Cr)
Offer for Sale

9,96,000 shares of ₹10 (agg. up to ₹10 Cr)
Net Offered to Public

47,98,800 shares (agg. up to ₹50 Cr)
Share Holding Pre Issue

85,32,713 shares
Share Holding Post Issue

1,90,56,000 shares

IPO Timetable (Tentative)

IPO Open

Fri, Oct 30, 2026
Allotment

Wed, Nov 4, 2026
Credit of Shares

Thu, Nov 5, 2026

IPO Close

Tue, Nov 3, 2026
Refund

Thu, Nov 5, 2026
Listing

Fri, Nov 6, 2026

Issue Reservation

Vectras Enprocon IPO comprises a total issue size of 50,52,000 shares. The net offer to the public is 47,98,800 shares, after excluding 2,53,200 shares allotted on a firm basis. Of the Net offer 23,98,800 (49.99%) are allocated to QIB, 7,20,000 (15.00%) allocated to NII 16,80,000 (35.01%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
QIB	23,98,800	49.99%	47.48%
− Anchor Investor	14,38,800		28.48%
− QIB (Ex. Anchor)	9,60,000		19.00%
NII (HNI)	7,20,000	15.00%	14.25%
− bNII > ₹10L	4,82,400		9.55%
− sNII < ₹10L	2,37,600		4.70%
Retail	16,80,000	35.01%	33.25%
Firm Reservations
Market Maker	2,53,200		5.01%
Total	50,52,000	100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	2400	₹2,52,000
Individual investors (IND) (Max)	2	2400	₹2,52,000
S-HNI (Min)	3	3600	₹3,78,000
S-HNI (Max)	7	8400	₹8,82,000
B-HNI (Min)	8	9600	₹10,08,000

IPO Anchor Investors

Vectras Enprocon IPO raises ₹15.11 crore from anchor investors. Vectras Enprocon IPO Anchor bid date is October 29, 2026.
📝 Anchor Investors Letter (PDF)

Bid Date	Thu, Oct 29, 2026
Shares Offered	14,38,800
Anchor Portion (₹ Cr.)	15.11
Anchor lock-in period end date for 50% shares (30 Days)	Fri, Dec 4, 2026
Anchor lock-in period end date for remaining shares (90 Days)	Tue, Feb 2, 2027

Anchor Investor Category-wise Allotment

Category	Amount (Rs.Cr.)	Allotment %
AIF	6.04	39.95
FVC	5.01	33.19
FPI	2.52	16.68
NBFC	1.54	10.18
Total	15.11	100.00

About Vectras Enprocon Ltd.

Vectras Enprocon Ltd. is a Gujarat-based Engineering, Procurement and Construction (EPC) company operating in the midstream and downstream segments of the Oil & Gas industry. The company specializes in laying pipeline networks, building combined stations, and constructing related facilities across multiple states in India.

Business Verticals:

Combined Oil and Gas station works: Mechanical, electrical, and civil work in Refineries, petrochemical complexes, Gas Processing Units, Oil & Gas Terminals, and Petroleum Depots. As of August 31, 2025, its unexecuted Order book for Oil & Gas station work stands at ₹15,088.80 lakh.
Midstream and Downstream pipeline projects and related facilities: As of September 30, 2026, its order book for Oil & Gas Pipeline work stands at ₹ 18,327.88 lakh
Other allied services: Civil and infrastructure projects in the Oil and gas industry; electrical, Instrumentation, and Inspection, Testing, and Safety Auditing services in the Oil and Gas Industry.

The company has developed strong capabilities in designing, engineering, procuring, constructing, testing, and commissioning Oil & Gas pipelines and stations. It has completed over 3,34,000 inch dia piping, 785 inch-kilometer pipelines, and 4 combined station projects.

The company serves both public and private oil and gas companies and maintains ISO certifications for quality, safety, environmental, and instrumentation standards.

As of September 30, 2026, the company had 990 employees across multiple divisions.

Competitive Strengths

Track record of timely completion of complex project
Strong Order Book for existing project portfolio and geography
Strong Execution Capabilities
Track Record of Growth in Financial Performance
Experienced management team with significant industry experience

Company Financials (Restated)

Vectras Enprocon Ltd.’s revenue increased by 49% and profit after tax (PAT) rose by 52% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	30 Sep 2026	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	90.91	74.94	46.50	21.47
Total Income	72.20	119.90	80.53	54.37
Profit After Tax	9.10	15.43	10.17	5.81
EBITDA	14.54	24.01	15.05	8.67
NET Worth	46.85	37.75	22.32	12.15
Reserves and Surplus	31.85	22.75	19.82	9.65
Total Borrowing	31.36	22.21	11.87	4.16

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

1 Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company

14.00
2 To Meet Working Capital Requirements of Company

20.00
3 General Corporate Purposes
Total

34.00

Key Performance Indicator (KPI)

KPI	Sep 30, 2026	Mar 31, 2026
ROE	21.52%	51.39%
ROCE	19.69%	48.37%
Debt/Equity	0.67	0.59
RoNW	21.52%	51.39%
PAT Margin	12.65%	12.88%
EBITDA Margin	20.21%	20.04%
NAV	31.23	25.17
P/B (x)	3.36	4.17

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	10.29	9.55
P/E (x)	10.2	10.99
Market Cap at Offer Price	₹157.50 Cr.	₹200.09 Cr.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	100%	73.49%
Public		26.51%
Total	100%	100%

Company Promoters: Naynesh Kanubhai Patel and Maheshkumar Gopalbhai Patel.

Offer For Sale – Selling Shareholders

Name	Category	No. of Shares Offered	Amount (₹ cr.)
Naynesh Kanubhai Patel	Promoter	4,98,000	5.23
Maheshkumar Gopalbhai Patel	Promoter	4,98,000	5.23
Total		9,96,000	10.46

Vectras Enprocon IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Subscription Status

The Vectras Enprocon IPO is subscribed 0.27 times on October 30, 2026 12:34:17 PM (Day 1). The public issue subscribed 0.34 times in the individual investors category, 0.00 times in the QIB category, and 0.49 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (x)	Shares Offered	Shares bid for	Total Applications
QIB (Ex Anchor)	0.00	9,60,000	0	0
NII*	0.49	7,20,000	3,51,600	0
bNII (> ₹10L)	0.50	4,82,400	2,40,000	0
sNII (< ₹10L)	0.47	2,37,600	1,11,600	0
Individual Investor	0.34	16,80,000	5,64,000	0
Total	0.27	33,60,000	9,15,600	295

Total Applications: 295

*Market Maker portion is not included to NII/HNI.

📰 Vectras Enprocon Ltd. – News Updates

Vectras Enprocon IPO Day 1 Subscription Update: Live Bidding Data & Trends
Vectras Enprocon IPO Raises Rs 15.11 crore from Anchor Investors
Vectras Enprocon IPO Opens Today: Price Band, Lot Size & Key Details
IPO Alert: Vectras Enprocon Ltd. Set to Hit the Primary Market Soon

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
vectras.smeipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Beeline Capital Advisors Pvt.ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Vectras Enprocon Ltd. Address

Office No. 601-602,

Amrakunj Avis, Near Tapovan circle,

Chandkheda

Ahmedabad, Gujarat, 382424

6353152513
compliance@vectrasgroup.com
Visit Website

IPO FAQs

What is the Vectras Enprocon IPO?

Vectras Enprocon IPO is a SME IPO of 50,52,000 equity shares of the face value of ₹10 aggregating up to ₹53 Crores. The issue is priced at ₹99 to ₹105. The minimum order quantity is 1200.

The IPO opens on Fri, Oct 30, 2026, and closes on Tue, Nov 3, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Vectras Enprocon IPO through Angel One?

Angel One customers can apply for the Vectras Enprocon IPO online through the Kite platform under the IPO & Bids section using UPI as the payment method.

Steps to Apply for Vectras Enprocon IPO through Angel One

Log in to your Angel One Kite account.
On the home page, click IPO & Bids in the top menu.
Select the IPO tab and find the Vectras Enprocon IPO in the list.
Click Apply next to the IPO.
Enter your UPI ID, bid quantity, and bid price.
Submit the IPO application.
Open your UPI app and approve the mandate to complete the application process.
For more details, visit the Angel One IPO Application Process Review.

When Vectras Enprocon IPO will open?

The Vectras Enprocon IPO opens on Fri, Oct 30, 2026 and closes on Tue, Nov 3, 2026.

What is the lot size of Vectras Enprocon IPO?

Vectras Enprocon IPO lot size is 1200, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.

How to apply for Vectras Enprocon IPO?

You can apply in Vectras Enprocon IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Vectras Enprocon IPO allotment?

The finalization of Basis of Allotment for Vectras Enprocon IPO will be done on Wednesday, November 4, 2026, and the allotted shares will be credited to your demat account by Thu, Nov 5, 2026. Check the Vectras Enprocon IPO allotment status.

When is Vectras Enprocon IPO listing date ?

The Vectras Enprocon IPO listing date is not yet announced. The tentative date of listing is Fri, Nov 6, 2026.