Vectras Enprocon IPO
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Vectras Enprocon IPO details
Schedule of Vectras Enprocon
| Issue open date | 30 Oct 2026 |
| Issue close date | 03 Nov 2026 |
| UPI mandate deadline | 03 Nov 2026 (5 PM) |
| Allotment finalization | 04 Nov 2026 |
| Refund initiation | 05 Nov 2026 |
| Share credit | 05 Nov 2026 |
| Listing date | 06 Nov 2026 |
| Mandate end date | 18 Nov 2026 |
| Lock-in end date for anchor investors (50%) | 03 Dec 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Feb 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Vectras Enprocon
Vectras Enprocon is an engineering, procurement, and construction company specializing in environmental engineering solutions, including industrial wastewater treatment, sewage treatment plants, effluent treatment plants, and air pollution control systems. The company designs, manufactures, installs, and commissions end-to-end water and wastewater management infrastructure for diverse industrial and municipal clients across India. It generates revenue primarily through turnkey execution of environmental infrastructure projects, comprehensive operations and maintenance contracts, and direct supply of specialized filtration and pollution-control equipment. With dedicated in-house engineering and fabrication capabilities, the firm delivers customized turnkey solutions catering to chemical, pharmaceutical, textile, power, and general manufacturing industries requiring stringent regulatory compliance and sustainable industrial waste management. Its integrated project lifecycle framework covers conceptual engineering design, civil construction, electro-mechanical assembly, commissioning, and regulatory documentation, ensuring operational efficiency and consistent adherence to mandated environmental discharge norms.
Financials of Vectras Enprocon
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 53.05 |
| Fresh Issue – Proceeds go to the company | 42.59 |
| Offer for sale – Proceeds go to the existing investors |
10.46 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding working capital requirements | 25 (58.70%) |
| Capital expenditure for procurement of machinery and equipment | 8.5 (19.96%) |
| General corporate purposes | 9.09 (21.34%) |
Strengths
- Comprehensive end-to-end execution capabilities across water and wastewater treatment.
- Established track record in executing complex turnkey environmental engineering projects.
- Diversified customer base across pharmaceutical, chemical, and municipal sectors.
- Experienced management and technically qualified in-house engineering team.
- Strong order book providing steady revenue visibility over the medium term.
Risks
- Business depends on winning competitive tenders and contracts from clients.
- Working capital requirements are substantial due to long project execution cycles.
- Revenue is dependent on a limited number of major ongoing infrastructure contracts.
- Delays in project execution or cost overruns could adversely impact profitability.
- Operations are subject to strict environmental laws and regulatory compliance standards.