AHMEDABAD | GUJARAT | MUMBAI, 27th OCTOBER, 2026, GPN, SACHIN MURDESHWAR: Gujarat-based Engineering, Procurement and Construction (EPC) company Vectras Enprocon Limited Initial Public Offering is a Book Building Issue. Shares are offered at a price band of Rs 99 to Rs 105 per share.The IPO opens for public subscription on Oct 30, 2026 with bidding for anchor investors opening a day before on Oct 29, 2026. The issue will close on Nov 3, 2026. Given the lot size of 1200 shares, Individual Investors can bid for a minimum of Rs 2,52,000 while non-institutional investors must bid for Rs 3,78,000.The issue has Not more than 50% of the Net Offer reserved for Qualified Institutional Investors, Not less than 15% of the Net Offer for Non-Institutional Investors and Not less than 35% of the Net Offer for Retail Individual Investors.Vectras Enprocon Limited aims to raise Rs 53.05 crore through a fresh issue of 40.56 lakh shares worth Rs 42.59 crore along with existing shareholders selling 9.96 lakh shares worth up to Rs 10.46 crore to the public.
Vectras Enprocon Limited, Integrated solution provider in critical midstream and downstream infrastructure for the oil & Gas Industry has filed its Red Herring Prospectus (RHP) in connection with its proposed Initial Public Offering (IPO) of up to 50,52,000 equity shares of face value Rs 10 each.
The proposed IPO comprises a fresh issue of up to 40,56,000 equity shares and an Offer for Sale (OFS) of up to 9,96,000 equity shares. The Company has fixed the price band at Rs 99 to Rs 105 per equity share, Issue Size of Rs 53.05 Cr. (At Upper Price Band) with a lot size of 1,200 equity shares and in multiples thereof. The equity shares are proposed to be listed on the BSE SME platform.Beeline Capital Advisors Pvt.Ltd. is acting as the Book Running Lead Manager to the issue.
About Vectras Enprocon Limited
Incorporated in 2021, Vectras Enprocon Limited is an Ahmedabad-based Integrated solution provider in critical midstream and downstream infrastructure for the oil & Gas Industry. The Company provides integrated services encompassing design, engineering, procurement, construction, testing and commissioning of pipeline networks, combined oil and gas station works and allied infrastructure facilities. Company’s core offering of Combine station work, midstream & downstream pipeline projects and related facilities and other allied infrastructure services,
The Company has developed capabilities in executing cross-country pipelines, spur pipelines, city gas infrastructure and associated civil and mechanical works, serving public-sector and private-sector customers across multiple Indian states,
As of September 30, 2026, the Company had an unexecuted order book of 18,327.88 lakh across 34 projects, comprising Rs11,629.03 lakh from combined oil and gas station works, 25,945.72 lakh from pipeline works and Rs 753.13 lakh from other allied infrastructure services, Its project portfolio spans multiple states, including Gujarat, Maharashtra, Punjab, Bihar and Odisha, reflecting its geographical expansion beyond Gujarat.
The Object of the issue:
1. Repayment/prepayment, in full or part, of certain outstanding borrowings availed by our Company,
2. Funding long-term working capital requirement of our Company,
3. General Corporate Purpose
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