Vectras Enprocon Ltd IPO — GMP ₹0

Important Dates

3/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

30 Oct 2026

Fri Completed

Done

Close Date

03 Nov 2026

Tue Completed

Today

Allotment

04 Nov 2026

Wed Today

Soon

Refund

05 Nov 2026

Thu Upcoming

Soon

Demat Credit

05 Nov 2026

Thu Upcoming

Soon

Listing Date

06 Nov 2026

Fri Upcoming

Issue Details

Pricing & Size

Issue Price

₹105 Face ₹10

Lot Size

1,200 shares

Min Investment

₹126,000

Total Issue Size

50,52,000 shares (agg. up to ₹53 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh capital cum OFS

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

2,53,200 shares (agg. up to ₹3 Cr)

QIB Portion

960000.00

NII / HNI

720000.00

Retail

1680000.00

Employee

Net Offer to Public

47,98,800 shares (agg. up to ₹50 Cr)

Shareholding Pattern

Pre-Issue Shareholding

1,50,00,000 shares

Post-Issue Shareholding

1,90,56,000 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	2400	₹2,52,000
HNI / NII	3	3600	3,78,000

Objects of Issue

3 objectives

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

14.00 Cr

To Meet Working Capital Requirements of Company

20.00 Cr

General Corporate Purposes

Lead Managers & Market Maker

Book Running Lead Managers

Beeline Capital Advisors Pvt.ltd

IPO Timeline

Open

30 Oct

✓ Done

03 Nov

✓ Done

Allotment

04 Nov

● Active

Listing

06 Nov

Upcoming

Registrar Details

MUFG Intime India Pvt.Ltd

SEBI Registered Registrar & Transfer Agent

Phone

022-49186000

vectras.smeipo@in.mpms.mufg.com

Website

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Check Allotment Status

Company Contact

Website

https://www.vectrasgroup.com/

compliance@vectrasgroup.com

Phone

6353152513

Address

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

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹105

Est. Listing

₹105

Lot Size

1,200 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

Issue Price (₹)

GMP (₹)

Lot Size

Number of Lots

Estimated Listing

GMP %

Investment (1 Lot)

Total Investment

Expected P&L

ROI

GMP Updates

No GMP updates recorded yet. Every time the GMP changes, the date and time are saved here automatically.

4.20

Overall Sub.

⚠️ Moderate

1.88

QIB

4.45

Retail

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	1.88×	9,60,000	18,06,000	₹18.96 Cr
NII / HNI (Total)	6.69×	7,20,000	48,13,200	₹50.54 Cr
Retail Investors	4.45×	16,80,000	74,83,200	₹78.57 Cr
Market Maker *	1×	2,53,200 shares (agg. up to ₹3 Cr)	2,53,200 shares (agg. up to ₹3 Cr)	₹2.66 Cr
Total **	4.20×	33,60,000	1,41,02,400	₹148.08 Cr

* Based on ₹105.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

9,60,000

NII

7,20,000

Retail

16,80,000

Market Maker

2,53,200 shares (agg. up to ₹3 Cr)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Day-wise Subscription

Day 130 Oct 2026Day close

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	1.42×	9,60,000	13,58,400	₹14.26 Cr
NII / HNI (Total)	1.30×	7,20,000	9,36,000	₹9.83 Cr
Retail Investors	1.03×	16,80,000	17,28,000	₹18.14 Cr
Market Maker *	1×	2,53,200 shares (agg. up to ₹3 Cr)	2,53,200 shares (agg. up to ₹3 Cr)	₹2.66 Cr
Total **	1.20×	33,60,000	40,22,400	₹42.24 Cr

* Based on ₹105.00 (upper price band)

Day 202 Nov 2026Day close

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	1.42×	9,60,000	13,58,400	₹14.26 Cr
NII / HNI (Total)	1.13×	7,20,000	8,16,000	₹8.57 Cr
Retail Investors	1.33×	16,80,000	22,29,600	₹23.41 Cr
Market Maker *	1×	2,53,200 shares (agg. up to ₹3 Cr)	2,53,200 shares (agg. up to ₹3 Cr)	₹2.66 Cr
Total **	1.31×	33,60,000	44,04,000	₹46.24 Cr

* Based on ₹105.00 (upper price band)

Day 303 Nov 2026Day close

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	1.88×	9,60,000	18,06,000	₹18.96 Cr
NII / HNI (Total)	6.69×	7,20,000	48,13,200	₹50.54 Cr
Retail Investors	4.45×	16,80,000	74,83,200	₹78.57 Cr
Market Maker *	1×	2,53,200 shares (agg. up to ₹3 Cr)	2,53,200 shares (agg. up to ₹3 Cr)	₹2.66 Cr
Total **	4.20×	33,60,000	1,41,02,400	₹148.08 Cr

* Based on ₹105.00 (upper price band)

Financial Summary

Amount in ₹ Crore

Metric	30 Sep 2026	31 Mar 2026	31 Mar 2025
Revenue	72.20	119.90	80.53
PAT	9.10	15.43	10.17
EBITDA	14.54	24.01	15.05
Net Worth	46.85	37.75	22.32
Total Assets	90.91	74.94	46.50
Reserves	31.85	22.75	19.82
Borrowings	31.36	22.21	11.87

Key Financial Ratios

21.52

ROE

Return on Equity

19.69

ROCE

Return on Capital Employed

21.52

RONW

Return on Net Worth

12.65

PAT Margin

PAT / Revenue

20.21

EBITDA Mgn

EBITDA / Revenue

0.67

D/E Ratio

Debt to Equity

3.36

P/BV

Price to Book Value

10.29

Pre EPS

EPS Pre-Issue

9.55

Post EPS

EPS Post-Issue

10.2

Pre P/E

P/E Pre-Issue

10.99

Post P/E

P/E Post-Issue

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

Frequently Asked Questions

What is the issue price of Vectras Enprocon Ltd IPO?

The issue price of Vectras Enprocon Ltd IPO is ₹105 per share, face value ₹10.

What is the lot size?

Minimum lot size is 1,200 shares, requiring ₹126,000.

What are the IPO dates?

Opens 30 Oct 2026, closes 03 Nov 2026.

When is the listing date?

Tentative listing: 06 Nov 2026 on BSE SME.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹105 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Vectras Enprocon Ltd IPO · Expected 04 Nov 2026

Check on Registrar

Post-IPO Timeline

Allotment Date

04 Nov 2026

Refund Initiation

05 Nov 2026

Demat Credit

05 Nov 2026

Listing Date

06 Nov 2026

Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹105

Face ₹10

Lot Size

1,200

shares / lot

Min Amount

₹126,000

1 lot

Est. Listing

₹105

GMP +₹0

Subscription

Overall4.20×

QIB1.88×

NII6.69×

Retail4.45×

Key Dates

Open

30 Oct Done

03 Nov Done

Listing

06 Nov Soon

Registrar

MUFG Intime India Pvt.Ltd