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Total Issue Size
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Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or prepayment of certain borrowings
Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company
Working capital requirements
Funding working capital requirements of the company to support business expansion
General corporate purposes
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Vectras Enprocon Limited is an engineering, procurement, and construction (EPC) company established in Gujarat, operating primarily within the midstream and downstream segments of the oil and gas industry. The company undertakes specialized infrastructure assignments encompassing the laying of cross-country and spur pipeline networks, the fabrication and erection of combined station facilities, and associated civil, mechanical, electrical, and instrumentation works for processing plants and storage terminals. Incorporated in May 2021, the company has scaled its operational capabilities across multiple states in India, executing projects for major public and private sector energy enterprises. Its infrastructure track record includes completing over 334,000 inch-dia of industrial process piping, 785 inch-kilometers of pipeline laying, and 4 turnkey combined station installations. Headquartered in Ahmedabad, the organization employed 990 personnel across its project divisions as of September 2026 and holds ISO certifications covering quality management, occupational health and safety, and environmental systems. The company operates through three principal business verticals: turnkey combined oil and gas stations, pipeline networks and allied infrastructure, and comprehensive technical services including inspection, testing, and safety audits. Backed by an unexecuted order book exceeding 238 crore rupees across its key verticals, Vectras Enprocon focuses on expanding its execution capacity, enhancing mechanization, and bidding for higher-value tenders across regional energy corridors.
Vectras Enprocon allocated 14,38,800 equity shares to eight anchor investors at 105 rupees per share, raising approximately 15.11 crore rupees from institutional participants including Sunrise, Zinnia Global Fund PCC, and Aarth.
Source: RHP • Analysis provided for informational purposes
Last Updated: 2 November 2026, 11:18 AM
Comprehensive In-House Execution Capabilities
End-to-end expertise across engineering design, procurement, civil, and mechanical construction for pipeline and station infrastructure.
Proven Technical Track Record
Demonstrated history of laying large-diameter cross-country pipelines up to 30 inches and station piping up to 48 inches.
Strong Client Relationships
Established partnerships and ongoing repeat contracts with major public sector energy undertakings and leading private corporations.
Multi-State Operational Presence
Extensive footprint across prominent Indian energy corridors enabling rapid mobilization and project deployment.
Diversified Energy Infrastructure Services
Balanced portfolio spanning cross-country networks, city gas distribution pipelines, and comprehensive terminal facilities.
Substantial Working Capital Requirements
EPC operations demand significant ongoing liquidity to finance mobilization, material procurement, and milestone receivables.
High Customer Concentration
The top ten clients account for more than 90 percent of operational revenues, creating dependence on major energy players.
Geographic Concentration Exposure
A significant portion of projects and revenues are concentrated within Gujarat and Maharashtra, exposing the firm to regional factors.
Vectras Enprocon Limited
Office No. 601-602, Amrakunj Avis, Near Tapovan circle, Chandkheda, Ahmedabad, Gujarat, 382424
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Past Delays in Statutory Filings
Historical instances of delayed statutory filings and compliance deposits with regulatory authorities could attract penalties.
Supplier Dependence for Key Materials
Reliance on a limited roster of suppliers for specialized raw materials poses potential risks of procurement disruption.