Vectras Enprocon Promoters & Reserved Quotas as the DRHP states
PromotersNaynesh Kanubhai Patel and Maheshkumar Gopalbhai Patel
Shareholder quotaNone in the offer document
Employee quotaNone in the offer document
Read from the company’s own draft offer document (DRHP) (the document). A reservation in a draft is what the company proposes: the RHP fixes its size, who qualifies and on which date, and any discount. Holding shares of a listed parent does not by itself guarantee an allotment.
The minimum application is 2,400 shares, ₹2,52,000 at the ₹105 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Vectras Enprocon IPO Strengths & Risks as disclosed in the offer document
▲ Strengths (4)
Track record of timely completion of complex projects
Strong Order Book for existing project portfolio and geography
Track Record of Growth in Financial Performance
Experienced management team with significant industry experience
▼ Risk factors (8)
Our revenue and profit after tax have grown substantially in the recent past but there can be no assurance that our growth will continue to sustain. If we are unable to implement or sustain our growth strategy successfully it
There have been certain instances of delays in relation to certain statutory filings made or required to be filed by our Company with the RoC under applicable law and certain other non-compliances under Indian company law
There are certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with the taxation and other statutory authorities in the past. Any delay in payment of statutory dues by our Company in future, may result in the imposition of penalties, which couldadversely impact our financials
We derive majority of our revenue from our EPC business verticals i.e. Combined Oil and Gas stations works. Any reduction in the demand of such services could have an adverse effect on our business, results of operations and financial conditions
Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business, and if we are unable to obtain these approvals and the renewals, our business operations could be adversely affected thereby impacting our revenues and profitability
Increase in costs or a shortfall in availability of the materials we purchase could have a material adverse effect on our Company’s financial performance, profitability and results of operations
We may be unable to accurately estimate project costs under our EPC contracts, which may lead to cost overruns, reduced margins, delays in project execution and adversely affect our financial condition, results of operations and cash flows
Our failure to perform in accordance with the standards prescribed in work order of our clients could result in loss of business or payment of liquidated damages
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Vectras Enprocon, the registrar is MUFG Intime India Private Limited.
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 05 Nov 2026
Unallotted amounts released · allotted shares credited to demat
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
Vectras Enprocon IPO Financials FAQs
What is the revenue of Vectras Enprocon?
Vectras Enprocon reported revenue of ₹119.8 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.
Is Vectras Enprocon profitable?
Yes, in its latest reported period: Vectras Enprocon reported a profit after tax of ₹15.43 crore in FY2026, as restated in its offer document. Earlier years are in the table above.
Where do the Vectras Enprocon IPO financials come from?
From the restated financial statements in the company's draft and final offer documents, filed with the stock exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.
Vectras Enprocon IPO Registrar where allotment and refund queries go
RegistrarMUFG Intime India Private Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Vectras Enprocon IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and your price within the band: SME issues have no cut-off option, and the smallest valid bid is the two-lot minimum application shown in the lot table above.
If you applied through a broker, approve the UPI mandate in your payment app before the issue’s UPI cut-off on the closing day (03 Nov 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹105 upper band means the grey market is dealing at ₹105.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.