Vectras Enprocon Limited, a provider of infrastructure services to the oil and gas industry, is preparing to launch its new venture on the stock market. The company has filed a Red Herring Prospectus (RHP) for its proposed IPO on the BSE SME platform. The company plans to raise approximately ₹53.05 crore through this IPO. The price band for the IPO has been fixed at ₹99 to ₹105 per share. It comprises up to 5,052,000 equity shares, comprising a fresh issue of 4,056,000 shares and an offer for sale of 9,96,000 shares. The lot size for investors is 1,200 shares.
Established in the year 2021, the company provides integrated services such as design, engineering, construction and commissioning of pipeline networks, oil-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 also has projects in Maharashtra, Punjab, Bihar, and Odisha.
The proceeds from the IPO will be used to repay or prepay debt, fund long-term working capital needs, and general corporate purposes. This move is considered significant to strengthen the company’s business and further its growth prospects.
