PNN

Ahmedabad (Gujarat) [India], October 29: Vectras Enprocon Limited, a Gujarat-based Integrated solution provider in critical midstream and downstream infrastructure for the oil & Gas Industry has filed its Red Herring Prospectus (RHP) in connection with its proposed Initial Public Offering (IPO) of up to 50,52,000 equity shares of face value 10 each.

The proposed IPO comprises a fresh issue of up to 40,56,000 equity shares and an Offer for Sale (OFS) of up to 9,96,000 equity shares. The Company has fixed the price band at 99 to 105 per equity share, Issue Size 53.05 Cr. (At Upper Price Band) with a lot size of 1,200 equity shares and in multiples thereof. The equity shares are proposed to be listed on the BSE SME platform.

About Vectras Enprocon LimitedIncorporated in 2021, Vectras Enprocon Limited is an Ahmedabad-based Integrated solution provider in critical midstream and downstream infrastructure for the oil & Gas Industry. The Company provides integrated services encompassing design, engineering, procurement, construction, testing, and commissioning of pipeline networks, combined oil and gas station works, and allied infrastructure facilities. Company's core offering is combined station work, midstream & downstream pipeline projects, related facilities and other allied infrastructure services.

The Company has developed capabilities in executing cross-country pipelines, spur pipelines, city gas infrastructure and associated civil and mechanical works, serving public-sector and private-sector customers across multiple Indian states.

As of September 30, 2026, the Company had an unexecuted order book of 18,327.88 lakh across 34 projects, comprising 11,629.03 lakh from combined oil and gas station works, 5,945.72 lakh from pipeline works and 753.13 lakh from other allied infrastructure services.

Its project portfolio spans multiple states, including Gujarat, Maharashtra, Punjab, Bihar and Odisha, reflecting its geographical expansion beyond Gujarat.

The Object of the issue:

1. Repayment/prepayment, in full or part, of certain outstanding borrowings availed by our Company

2. Funding long-term working capital requirement of our Company

3. General Corporate Purpose

Issue Details

Issue Period & capital structure

Beeline Capital Advisors Private Limited is the Book Running Lead Manager to the Offer, while MUFG Intime India Private Limited is the Registrar to the Offer.

Financial Performance

Disclaimer: VECTRAS ENPROCON LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offering of its Equity Shares and has filed the Red Herring Prospectus with the Registrar of Companies (ROC), Gujarat, and thereafter with SEBI and the Stock Exchange. The Red Herring Prospectus is available on the website of the Book Running Lead Manager at Beeline Capital Advisors Pvt. Ltd. and the Company at www.vectrasgroup.com. Any potential investors should note that investment in equity shares involves a high degree of risk; for details relating to the same, please refer to the Red Herring Prospectus, including the section titled "Risk Factors". Further, each Applicant, where required, agrees that such Applicant will not sell or transfer any Equity Shares or create any economic interest therein, including any offshore derivative instruments, such as participatory notes, issued against the Equity Shares or any similar security, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable laws and legislation in each jurisdiction, including India.

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