Vectras Enprocon Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.41x | 2,398,800 | 3,388,800 | ₹25 Cr |
| NII (HNI) | 6.82x | 720,000 | 4,909,200 | ₹8 Cr |
| Retail | 4.43x | 1,680,000 | 7,435,200 | ₹18 Cr |
| Market Maker | — | 253,200 shares (agg. up to ₹3 Cr) | — | ₹3 Cr |
| Σ Total | 3.28x | 4,798,800 | 15,733,200 | ₹50 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹126,000 |
| Retail (Max) | 13 | 15,600 | ₹1,638,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,764,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,442,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Revenue | 72 | 120 | 81 |
| EBITDA | 15 | 24 | 15 |
| Profit After Tax | 9 | 15 | 10 |
| Net Worth | 47 | 38 | 22 |
| Total Assets | 91 | 75 | 47 |
| Reserves & Surplus | 32 | 23 | 20 |
| Total Borrowing | 31 | 22 | 12 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company – 14.00
- To Meet Working Capital Requirements of Company – 20.00
- General Corporate Purposes –
Company Overview
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