Vectras Enprocon IPO Listing: Shares Debut at 0.95% Premium on BSE SME, Check Share Price
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
Vectras Enprocon lists at Rs 106 on BSE SME, up 0.95%. Issue price Rs 105. Subscribed about 4 times. Issue size Rs 53.05 Cr.
Quick Answer
The Vectras Enprocon IPO listing today saw the stock debut at Rs 106 on the BSE SME platform, a 0.95 percent premium over the Rs 105 issue price, a gain of Rs 1 per share. Anyone checking the Vectras Enprocon share price today will find a near flat debut for an Ahmedabad based oil and gas pipeline contractor whose IPO was subscribed about 4 times.
Vectras Enprocon IPO Listing Today: The IPO closed subscription on 3 November 2026 with demand of about 4 times overall. Here is a recap of the offer, the terms of the Vectras Enprocon IPO listing, and how the stock traded once it opened on 6 November.
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Vectras Enprocon IPO Listing: Issue Details
Vectras Enprocon Limited raised Rs 53.05 crore through a book built issue made up of a fresh issue of 40,56,000 shares worth Rs 42.59 crore and an offer for sale of 9,96,000 shares worth Rs 10.46 crore, in a price band of Rs 99 to Rs 105 per share. Bidding ran from 30 October to 3 November 2026, and the shares listed on the BSE SME platform on 6 November 2026.
| Particular | Detail |
|---|---|
| IPO Open Date | 30 October 2026 |
| IPO Close Date | 3 November 2026 |
| Allotment Date | 4 November 2026 |
| Refund Initiation | 5 November 2026 |
| Issue Size | Rs 53.05 crore (Rs 42.59 crore fresh issue plus Rs 10.46 crore offer for sale) |
| Lot Size | 1,200 shares (minimum application of 2 lots, or 2,400 shares, Rs 2,52,000) |
| Price Band | Rs 99 to Rs 105 per share |
| Face Value | Rs 10 per share |
| Issue Type | Book Built Issue |
| Lead Manager | Beeline Capital Advisors Private Limited |
| Registrar | MUFG Intime India Private Limited |
| Listing At | BSE SME |
| Listing Date | 6 November 2026 |
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Vectras Enprocon IPO Listing Price and Performance
Shares of the Vectras Enprocon IPO listing opened at Rs 106 on the BSE SME platform against the Rs 105 issue price, a gain of Rs 1, or 0.95 percent. An individual investor applying for the minimum 2,400 shares had put in Rs 2,52,000, so the paper gain at the listing price works out to about Rs 2,400. For an application of 3,600 shares (Rs 3,78,000) the gain is about Rs 3,600. The debut was close to flat, in line with the lukewarm demand during bidding.
About the Vectras Enprocon IPO
Vectras Enprocon Limited, incorporated in 2021 and led by managing director Maheshkumar Gopalbhai Patel, is a Gujarat based engineering, procurement and construction company working in the midstream and downstream oil and gas segments. It builds cross country and city gas pipelines, combined oil and gas stations and terminals, and also does mechanical, electrical and civil work at refineries and depots. Its unexecuted order book was Rs 183.28 crore across 34 projects as of 30 September 2026. Beeline Capital Advisors was the lead manager and MUFG Intime India is the registrar. Investors weighing the Vectras Enprocon IPO listing should note that part of the proceeds is meant for repaying borrowings.
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Vectras Enprocon Financials
Here is how the company has performed financially, useful context for anyone checking the Vectras Enprocon share price today after the Vectras Enprocon IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 119.80 | 80.48 | 54.32 |
| Profit After Tax | 15.43 | 10.17 | 5.81 |
Explanation
Revenue from operations rose about 49 percent in FY26 to Rs 119.80 crore and profit after tax grew about 52 percent to Rs 15.43 crore, a PAT margin of about 12.9 percent. Against that, the top 10 customers supplied about 92 percent of FY26 revenue and operating cash flow was negative at Rs 5.10 crore, as working capital needs keep rising, so these are the points to weigh after the Vectras Enprocon IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Vectras Enprocon IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Vectras Enprocon IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Vectras Enprocon IPO listing price?
Ans. Vectras Enprocon shares listed at Rs 106 on the BSE SME platform, a 0.95 percent premium over the Rs 105 issue price, a gain of Rs 1 per share.
Was the Vectras Enprocon IPO listing a premium or a discount?
Ans. It was a near flat listing, with the stock opening Rs 1 above the issue price.
How much was the Vectras Enprocon IPO subscribed?
Ans. The IPO was subscribed about 4 times overall by the close of bidding on 3 November 2026, and sources report slightly different final figures.
What is the issue price of the Vectras Enprocon IPO?
Ans. The price band was Rs 99 to Rs 105 per share, and the issue price was fixed at the upper end, Rs 105.
What is the lot size of the Vectras Enprocon IPO?
Ans. The lot size was 1,200 shares, and individual investors needed a minimum of two lots, or 2,400 shares, costing Rs 2,52,000.
Who is the registrar for the Vectras Enprocon IPO?
Ans. MUFG Intime India Private Limited is the registrar.
What does Vectras Enprocon do?
Ans. Vectras Enprocon is an engineering, procurement and construction company that builds oil and gas pipelines, gas stations and terminals, mainly in Gujarat and Maharashtra.
Where can I check the Vectras Enprocon share price today?
Ans. You can check the Vectras Enprocon share price today on the BSE SME platform, or through the Univest platform.
Should I hold shares after the Vectras Enprocon IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the strong order book and growth against heavy customer concentration, negative operating cash flow and the near flat debut before deciding whether to hold or exit after the Vectras Enprocon IPO listing.
