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Vectras Enprocon IPO
Price Band
₹99.0–105.0
Issue Size
₹53.05 Cr
Lot Size
1,200 shares
Min Investment
₹252,000
2 LOTS MIN
GMP
—
Issue Price
₹105.0
Vectras Enprocon IPO AI Summary
- Vectras Enprocon IPO is upcoming on BSE SME in the Civil Construction sector.
- Price band: ₹99.0–₹105.0 per share, lot size 1,200 shares (min. investment ₹252,000, 2 lots minimum).
- Subscription window: 30 Oct–03 Nov 2026, listing on 06 Nov 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Oct 2026 · in 3 days
Vectras Enprocon IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP not yet available
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 42.4% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
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 Complex, Gas Processing Units, Oil & Gas Terminals and Petroleum Depots. As of August 31, 2025, its unexecuted Order book for Oil & Gas stations work stands at ₹ 15,088.80 lakh. Midstream and Downstream pipeline projects and related facilities: As of August 31, 2025, its order book for Oil & Gas Pipeline work stands at ₹ 8,767.27 lakh Other allied services: Civil and infrastructure project in Oil and Gas Industry, Electrical, Instrumentation, and Inspection, Testing and Safety Auditing services in Oil and Gas Industry. 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 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
Company Financials (₹ Cr)
As of 2026-09-30
| Period Ended | 30 Sep 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 90.91 | 74.94 | 46.50 | 21.47 |
| Total Income | 72.20 | 119.90 | 80.53 | 54.37 |
| Profit After Tax | 9.10 | 15.43 | 10.17 | 5.81 |
| EBITDA | 14.54 | 24.01 | 15.05 | 8.67 |
| NET Worth | 46.85 | 37.75 | 22.32 | 12.15 |
| Reserves and Surplus | 31.85 | 22.75 | 19.82 | 9.65 |
| Total Borrowing | 31.36 | 22.21 | 11.87 | 4.16 |
Key Ratios
EPS
₹10.29
NAV
₹25.17
ROE
51.39%
ROCE
48.37%
RoNW
51.39%
P/B Value
4.17
P/E Ratio
10.2
Market Cap
₹200.09 Cr
PAT Margin
12.88%
Debt/Equity
0.59
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Likhitha Infrastructure | 104.44 | 9.82% | 22.43 | 9.94 | 9.94 |
| Desco Infratech | 92.22 | 25.21% | 8.35 | 21.3 | 21.3 |
| Pratham EPC Projects | 49.94 | 7.44% | 34.47 | 3.38 | 3.38 |
| Vectras Enprocon This IPO | 25.17 | 51.39% | — | 10.29 | 10.29 |
Promoters
Naynesh Kanubhai Patel, Maheshkumar Gopalbhai Patel
Objects of the Issue
# | 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 | | Total | 34.00
Frequently Asked Questions
What is the price band of Vectras Enprocon IPO?
The price band of Vectras Enprocon IPO is ₹99.0–₹105.0 per share.
When does Vectras Enprocon IPO open and close?
Vectras Enprocon IPO opens on 30 October 2026 and closes on 03 November 2026.
When does Vectras Enprocon IPO list on the stock exchange?
Vectras Enprocon IPO is scheduled to list on 06 November 2026.
What is the lot size for Vectras Enprocon IPO?
The lot size for Vectras Enprocon IPO is 1200 shares, requiring a minimum investment of ₹252,000 (2 lots).
What is the TopFund Listing Data Indicator for Vectras Enprocon?
Vectras Enprocon's Listing Data Indicator score is 80/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Oct 2026
Close
03 Nov 2026
Allotment
04 Nov 2026
Listing
06 Nov 2026
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