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Vectras Enprocon Limited

SMEopenNSE SME
30 Oct 2026 – 03 Nov 2026
—LEFT
Offer Price
₹99–105
Bid lot
1200
Min Application
₹2,52,000
Issue Size
₹53 Cr

Key dates

Open date
30 Oct 2026
Today
Close date
03 Nov 2026
in 4 days
Basis of allotment
04 Nov 2026
in 5 days
Initiation of refunds
05 Nov 2026
in 6 days
Credit to demat
05 Nov 2026
in 6 days
Listing date
06 Nov 2026
in 7 days

Issue reservation

₹53 Cr
QIB 47.48%9.5%Retail 33.25%5.01%
QIB
24.0 L sh · ₹25.16 Cr
47.48%
HNI (10L+)
4.8 L sh · ₹5.04 Cr
9.5%
HNI (2-10L)
2.4 L sh · ₹2.52 Cr
4.75%
Retail
16.8 L sh · ₹17.62 Cr
33.25%
Market maker
2.5 L sh · ₹2.66 Cr
5.01%
Applications required for 1× subscription
Retail (≤₹2L)
700 forms
S-HNI (₹2–10L)
67 forms
B-HNI (>₹10L)
133 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Beeline Capital Advisors Private Limited

Lot ladder — how much to bid

1 lot = 1200 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
2,400 sh · ₹2,52,000
Entry point
₹2,52,000 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
3,600 sh · ₹3,78,000
Entry point
₹3,78,000 onward
bHNI · Above ₹10 L8+ lots
Min · 8 lots
9,600 sh · ₹10,08,000
Entry point
₹10,08,000 onward

Issue details

Lead managersBeeline Capital Advisors Private Limited
Fresh issue40,56,000 sh · ₹43 Cr
Offer for sale9,96,000 sh · ₹10 Cr
Face value₹10
Listing onNSE Emerge
RegistrarMUFG Intime India Pvt.Ltd.
Live subscription
Live nowUpdated 30-Oct-2026 4:54 PM
1.20×
0×1×2×3×+
Fully subscribed
Book₹35.28 Cr
Subscribed₹42.24 Cr
Applications865

Application-wise

CategoryReq 1×TotalTimes
Retail7008651.24×
Total applications865

Subscription Demand

in ₹ crore
CategoryApplied
QIB14.26
FIIs5.00
Others9.26
HNI9.83
HNI (10L+)7.26
HNI (2-10L)2.57
Retail18.14
Total42.24

Amounts at the upper band (₹105). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

30-Sep-26

31-Mar-26

31-Mar-25

31-Mar-24

Total Assets

90.91

74.94

46.5

21.47

Total Income

72.2

119.9

80.53

54.37

PAT

9.1

15.43

10.17

5.81

Net Worth

46.85

37.75

22.32

12.15

Reserves & Surplus

31.85

22.75

19.82

9.65

Total Borrowings

31.36

22.21

11.87

4.16

Objects of the issue
  • Debt Repayment: ₹14 crore to repay or prepay borrowings and reduce debt and interest costs.

  • Working Capital: ₹20 crore to support working capital needs for EPC project execution.

  • General Corporate Purposes: To meet operational expenses and business contingencies.

About the company

Vectras Enprocon Ltd. is a Gujarat-based Engineering, Procurement and Construction (EPC) company serving India’s midstream and downstream Oil & Gas sectors. Its key activities include pipeline laying, combined oil and gas station construction, and allied civil, electrical, instrumentation, inspection, and safety services.

As of September 30, 2026, the company’s Oil & Gas pipeline order book stood at ₹18,327.88 lakh, while its station works order book was ₹15,088.80 lakh as of August 31, 2025. It has completed over 3,34,000 inch-dia of piping, 785 inch-kilometres of pipelines, and four combined station projects.

The company serves public and private sector clients and holds multiple ISO certifications covering quality, safety, environmental, and instrumentation standards. As of September 30, 2026, it employed 990 people across its divisions.

Company strengths

  • Proven track record of timely execution of complex projects.

  • Strong order book across projects and geographies.

  • Robust project execution capabilities.

  • Consistent growth in financial performance.

  • Experienced management team with strong industry expertise.

Promoters

Naynesh Kanubhai PatelMaheshkumar Gopalbhai Patel

Registered office & contact

Vectras Enprocon Limited.

Address - Office No. 601-602,

Amrakunj Avis, Near Tapovan circle,

Chandkheda

Ahmedabad, Gujarat, 382424

📞 6353152513

✉️ compliance@vectrasgroup.com

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Vectras Enprocon Limited IPO?

One lot of 1200 shares — ₹2,52,000 at the upper price band of ₹105.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-11-06 on NSE SME.

₹99–105
Each applicant applies with their own PAN, demat and UPI.
Print Forms