Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Vectras Enprocon Ltd. IPO is a Book Build Issue of 0.60 crore equity shares consisting of a fresh issue of upto 0.50 crore equity shares and an offer for sale (OFS) of upto 0.10 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Beeline Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Vectras Enprocon IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 50,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,00,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Mon, Nov 10, 2025 |
| 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 |
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:
The company has developed strong capabilities in design, engineering, procurement, construction, testing, and commissioning of Oil & Gas pipelines and stations. It has completed over 3,34,000 inch dia piping, 785 inch-kilometre pipelines, and 4 combined station projects.
The company serves both public and private Oil & Gas companies and maintain ISO certifications for quality, safety, environment, and instrumentation standards.
As of August 31, 2025, the company had 279 permanent employees across multiple divisions.
Competitive Strengths
Vectras Enprocon Ltd.'s revenue increased by 48% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 46.50 | 21.47 | 8.04 |
| Total Income | 80.53 | 54.37 | 10.53 |
| Profit After Tax | 10.17 | 5.81 | 0.18 |
| EBITDA | 15.01 | 8.66 | 0.27 |
| NET Worth | 22.32 | 12.15 | 0.35 |
| Reserves and Surplus | 19.82 | 9.65 | 0.34 |
| Total Borrowing | 11.87 | 4.16 | 3.78 |
| Amount in ₹ Crore | |||
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 our Company | 13.88 |
| 2 | To Meet Working Capital Requirements of our Company | 20.00 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 59.00% |
| ROCE | 55.94% |
| Debt/Equity | 0.53 |
| RoNW | 59.00% |
| PAT Margin | 12.63% |
| EBITDA Margin | 18.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Vectras Enprocon IPO is a SME IPO of 60,00,000 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 Vectras Enprocon 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.
Zerodha customers can apply online in Vectras Enprocon IPO using UPI as a payment gateway. Zerodha customers can apply in Vectras Enprocon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vectras Enprocon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vectras Enprocon IPO dates are not announced. Please check back again after some time.
Vectras Enprocon IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vectras Enprocon IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vectras Enprocon IPO allotment status.
The Vectras Enprocon IPO listing date is not yet announced. The tentative date of listing is .
