Vectras Enprocon IPO Day 1: Subscribed 1.11x; QIB Demand at 1.42x
Key Highlights
Vectras Enprocon IPO (₹38 crore SME IPO) was subscribed 1.11x on Day 1 of 3, with QIB at 1.42x. See category-wise subscription and day-wise bids.
Last updated: Fri, Oct 30, 2026, 10:30 PM IST · SME · · Day 1 of 3
- Vectras Enprocon IPO subscribed 1.11x overall on Day 1
- Total bids: 40,22,400 shares against 36,13,200 shares on offer
- Category-wise: 1.42x, 0.96x, 1.03x
- Price band: ₹99 to ₹105 per share
- The issue closes on Tue, Nov 3, 2026
The Vectras Enprocon IPO opened on day 1 of 3 trading days. The issue recorded a subscription multiple of 1.11x as of Fri, Oct 30, 2026, 10:30 PM IST. The QIB category emerged as the most-bid segment at 1.42x. multiple is the number of shares bid for divided by the total shares offered.
Vectras Enprocon IPO Subscription Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Fri, Oct 30, 2026 | 40,22,400 | 42.24 | 1.11x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 9,60,000 | 13,58,400 | 1.42x |
| NII | 9,73,200 | 9,36,000 | 0.96x |
| of which individual NII | — | 8,86,800 | — |
| of which other NII | — | 49,200 | — |
| Retail | 16,80,000 | 17,28,000 | 1.03x |
| Total | 36,13,200 | 40,22,400 | 1.11x |
The subscription data shows varying interest across investor groups on the first day. QIBs, or qualified institutional buyers, bid for 1.42x their quota. Retail investors subscribed at 1.03x, while NIIs, or non-institutional investors bidding above ₹2 lakh, reached 0.96x. Total bids reached 40,22,400 shares against 36,13,200 shares offered.
Vectras Enprocon IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Fri, Oct 30, 2026 to Tue, Nov 3, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹99 to ₹105 per share |
| Lot size | 2,400 shares |
| Total issue size | 50,52,000 shares (₹38 crore) |
| Listing at | BSE |
| Lead managers | Beeline Capital Advisors Pvt Ltd. |
| MUFG Intime India Pvt Ltd. |
About Vectras Enprocon
Vectras Enprocon Ltd. is a Gujarat-based Engineering, Procurement, and Construction (EPC) company operating in the midstream and downstream segments of the Oil & Gas industry. As per the DRHP, the company provides integrated solutions including combined station works, pipeline networks, and associated civil infrastructure, covering design, engineering, procurement, construction, testing, and commissioning. Its customers include entities in the public and private sectors within the Oil & Gas industry. Since its incorporation, the company has completed 3,34,393 inch dia piping, 785 inch kilometres of pipeline, and 4 combined station works.
Vectras Enprocon Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| from operations (₹ crore) | 1,198.02 | 804.80 | 543.19 |
| Total income (₹ crore) | 1,199.01 | 805.33 | 543.68 |
| Profit after tax (₹ crore) | 154.33 | 101.68 | 58.12 |
| Net worth (₹ crore) | 377.50 | 223.17 | 121.49 |
| Total borrowings (₹ crore) | 198.73 | 95.50 | 39.76 |
Revenue from operations grew from ₹804.80 crore in FY 2024-25 to ₹1,198.02 crore in FY 2025-26. Profit after tax rose from ₹101.68 crore in FY 2024-25 to ₹154.33 crore in FY 2025-26. The company reported a debt-to-equity ratio of 0.53x at the end of FY 2025-26.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Repayment / prepayment, in full or part, of certain outstanding borrowings | 14.00 |
| Funding long-term working capital requirement | 20.00 |
Risk Factors as per the DRHP
- The company faces high customer concentration risk, with the largest customer contributing 47.93% of revenue in FY 2025.
- The business is exposed to supplier concentration risks that could impact project timelines and operational costs.
- The company and its promoters are subject to outstanding litigation that may affect future financial performance.
- There are potential regulatory hurdles in obtaining or renewing necessary licenses and permits required for ongoing operations.
How to Check Vectras Enprocon IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, MUFG Intime India Pvt Ltd. (https://in.mpms.mufg.com/).
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 30, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.