From Infrastructure Operations to Capital Markets, Vectras Enprocon Makes a ₹53 Crore Move
Mumbai : Vectras Enprocon Limited, an integrated infrastructure solutions provider for the oil and gas industry, is preparing to embark on a new journey in the capital markets. The company has filed its Red Herring Prospectus (RHP) for its proposed Initial Public Offering (IPO) on the BSE SME platform. Through the IPO, the company aims to raise approximately ₹53.05 crore. The price band has been fixed at ₹99 to ₹105 per share.
The IPO comprises up to 50,52,000 equity shares, including a fresh issue of 40,56,000 shares and an Offer for Sale (OFS) of 9,96,000 shares. The lot size for investors has been set at 1,200 shares.
Established in 2021, the company provides integrated services encompassing the design, engineering, construction and commissioning of pipeline networks, oil and gas combined stations, and related infrastructure.
The company’s business strength is also reflected in its order book. As of September 30, 2026, it had pending orders worth ₹183.28 crore across 34 projects. In addition to Gujarat, the company has projects in Maharashtra, Punjab, Bihar and Odisha, demonstrating its presence across multiple states.
The proceeds from the IPO will be utilised for debt repayment or prepayment, meeting long-term working capital requirements, and general corporate purposes.
The proposed listing marks an important step in the company’s growth journey, aimed at strengthening its financial position, supporting operational requirements and expanding its growth opportunities in the oil and gas infrastructure sector.
