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Vectras Enprocon Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Vectras Enprocon Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹105
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,26,000
Issue Size
₹53.05 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.99%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
IPO Opens30 Oct
IPO Closes3 Nov
Basis of Allotment4 Nov
Refund Initiation5 Nov
Shares Credited5 Nov
Vectras Enprocon Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.49%
Issue Type
Book Building - SME
ISIN
INE1FD201014
About the Company
We are Gujarat based Engineering, Procurement and Construction ("EPC") company operating in the Midstream and Downstream segment of Oil & Gas Industry. We are an Oil & Gas infrastructure service provider having presence in multiple states, focused on laying pipeline networks and combined station works along with construction of associated facilities. We provide integrated solutions to the Oil & Gas sector, which includes (i) Combined station works (ii) Midstream and downstream pipeline projects and related facilities, and (iii) Other allied services. Under the leadership of our experienced and first-generation promoters, we have established a strong track record in delivering comprehensive EPC services in Oil & Gas industry such as design, engineering, procurement, construction, testing and commissioning of Oil & Gas stations and cross-country pipelines, spur pipelines, city gas stations and related civil and mechanical works.
Industry Overview
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Standalone figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 50,52,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Vectras Enprocon Limited (the "Company" or the "Issuer") for cash at a price of Rs. 105 per equity share of face value of Rs. 10 each (the "Offer Price") aggregating up to Rs. 53.05 Crores (the "Offer") comprising a fresh issue of 40,56,000 equity shares of face value of Rs. 10 each by the company aggregating up to Rs. 42.59 Crores (the "Fresh Issue") and an offer for sale of 9,96,000 equity shares of face value of Rs. 10 each (the "Offered Shares") (consisting 4,98,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 5.23 Crores by Naynesh Kanubhai Patel and 4,98,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 5.23 Crores by Maheshkumar Gopalbhai Patel, (collectively referred to as the "Promoter Selling Shareholders") of which 2,53,200 equity shares of face value of Rs. 10 each aggregating to Rs. 2.66 Crores was reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The public offer less the market maker reservation portion i.e. Net offer of 47,98,800 equity shares of face value of Rs. 10 each aggregating to Rs. 50.39 Crores (the "Net Offer"). The public offer and the net offer will constitute 26.51% and 25.18%, respectively of the post offer paid up equity share capital of the company. Price Band: Rs. 105 per equity share of face value Rs. 10 each. The floor price is 10.50 times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Track record of timely completion of complex projects.
- Strong Order Book for existing project portfolio and geography.
- Strong Execution Capabilities.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.