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 operating in the midstream and downstream segments of the oil and gas industry. The company specializes in laying cross-country and spur pipeline networks and executing combined station works along with construction of associated facilities. It delivers comprehensive solutions spanning design, engineering, procurement, civil and mechanical works, testing, and commissioning for oil and gas stations, terminals, and city gas distribution systems. Revenue is generated from the execution of infrastructure contracts awarded through competitive bidding from public sector undertakings and private sector entities, as well as operations and maintenance services. The company possesses technical capabilities in building piping infrastructure in combined stations with diameters up to 48 inches and laying pipelines up to 30 inches across multiple Indian states. Its operations encompass projects for city gas stations, receiving terminals, and allied industrial utilities.
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 (%) |
|---|---|
| Repayment and/or pre-payment of certain borrowings | 14 (32.87%) |
| Funding long-term working capital requirement of our Company | 20 (46.96%) |
| General corporate purposes | 8.59 (20.17%) |
Strengths
- Comprehensive in-house EPC capabilities spanning design, procurement, civil, and mechanical execution.
- Proven technical track record in laying pipelines up to 30 inches and station piping up to 48 inches.
- Established client relationships with major public sector undertakings and private energy players.
- Strong multi-state operational footprint across key Indian energy corridors and markets.
- Diversified presence across cross-country pipelines, city gas distribution, and terminal works.
Risks
- Significant working capital requirements for raw material procurement, execution, and receivables.
- High customer concentration with top 10 clients contributing over 90% of operational revenue.
- Geographic concentration risks with substantial revenue derived from Gujarat and Maharashtra.
- Past delays in statutory filings and deposit of statutory dues with regulatory authorities.
- Dependence on a limited number of suppliers for key materials exposing business to supply disruption.
Allotment Status for Vectras Enprocon
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Vectras Enprocon
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on November 03, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.60 | 18.06 | 1.88x |
| NII | 9.73 | 50.66 | 5.21x |
| IND (2 Lots) | 16.80 | 74.83 | 4.45x |
| Total | 36.13 | 143.56 | 3.97x |