Vectras Enprocon IPO Details Details

Vectras Enprocon IPO is a ₹53.05 crore book-built issue, comprising a fresh issue of 40.56 lakh shares worth ₹42.59 crore and an offer for sale of 9.96 lakh shares worth ₹10.46 crore. The IPO opens for subscription on October 30, 2026, and closes on November 3, 2026. The price band is fixed at ₹99–₹105 per share, with a lot size of 1,200 shares. The minimum retail investment is ₹2,52,000 for 2,400 shares, while HNI investors must invest at least ₹3,78,000 for 3,600 shares. Allotment is expected on November 4, 2026, with a tentative listing on BSE SME on November 6, 2026. Beeline Capital Advisors Pvt. Ltd. is the lead manager, MUFG Intime India Pvt. Ltd. is the registrar, and Spread X Securities Pvt. Ltd. is the market maker.

IPO Details

IPO Date 30 Oct 26
Listing Date 06 Nov 26
Face Value ₹10 per share
Price Band ₹99 to ₹105
Lot Size 1200
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At BSE SME
Total Issue Size ₹53 Cr
Fresh Issue
₹40 Cr
Offer for Sale
Share Holding Pre Issue 1,50,00,000 shares
Share Holding Post Issue 1,90,56,000 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Vectras Enprocon IPO Details.


Vectras Enprocon Limited is a Gujarat-based Engineering, Procurement and Construction (EPC) company specializing in midstream and downstream oil and gas infrastructure projects. Its services include pipeline construction, oil and gas station development, mechanical, electrical, civil, instrumentation, testing, and commissioning works. The company serves public and private sector clients across India and has completed over 3,34,000 inch-dia piping works, 785 inch-kilometers of pipelines, and four combined station projects. As of September 30, 2026, its oil and gas pipeline order book stood at ₹183.28 crore, while its station works order book was ₹150.89 crore as of August 31, 2025. The company holds ISO certifications for quality, safety, and environmental standards. Its key strengths include strong project execution capabilities, an established order book, experienced management, and a track record of completing complex projects. As of September 30, 2026, the company employed 990 people.

Company Financials (Restated)

Period Ended 30 Sep 2026 31 Mar 2026 31 Mar 2025
Assets 90.91 74.94 46.50
Total Income 72.20 119.90 80.53
Profit After Tax 9.10 15.43 10.17
EBITDA 14.54 24.01 15.05
Net Worth 46.85 37.75 22.32
Amount in ₹ Crore

IPO Objects of the Issue

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

# Issue Objects Est Amt (₹ Cr.)
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 0.00

Key Performance Indicator (KPI)

KPI Sep 30, 2026 Mar 31, 2026
ROE 21.52%% 51.39%%
ROCE 19.69%% 48.37%%
Debt/Equity - -
RoNW 21.52%% 51.39%%
PAT Margin 12.65%% 12.88%%
EBITDA Margin 20.21%% 20.04%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 10.29 9.55
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.

IPO Registrar

  • MUFG Intime India Pvt.Ltd.
  • 022-49186000
  • vectras.smeipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

Contact Details

Vectras Enprocon Ltd. Address
Office No. 601-602, Amrakunj Avis, Near Tapovan circle, Chandkheda Ahmedabad, Gujarat, 382424

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. 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 Aureate Tradde IPO through Zerodha?

    Zerodha customers can apply online in Aureate Tradde IPO using UPI as a payment gateway. Zerodha customers can apply in Aureate Tradde IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Aureate Tradde IPO through Zerodha

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    2. Go to Portfolio and click the IPOs link.
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  • When is Aureate Tradde IPO allotment?

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  • When is Aureate Tradde IPO listing date ?

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