Figures last updated 2 Nov 2026, 5:30 PM IST · How we work · Report an error

Vectras Enprocon Limited

SME IPOOpenCloses todayEngineering, Procurement and Construction (EPC) for Oil & Gas industry

Price band₹99 – ₹105per share · face value ₹10

Minimum investment₹1,18,8001 lot · 1200 shares at lower band

IPO dates30 Oct – 3 NovCloses today, 5:00 PM

GMP UNOFFICIALNot available yet Subscription PUBLIC1.31xModestDay 2 so far · as of 5:30 PM, 2 Nov 2026

Reviewed by our team. This analysis was prepared from the offer document on 28 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

Valuation

At the upper price band of ₹105

INVESTORTRACK ANALYSIS

P/E (FY26 EPS)10.2x9.6x at lower band

P/B4.2xBook value ₹25.17 / share

EPS (FY26)₹10.3FY25: ₹6.8

Market cap₹200.55 CrPost-issue, at ₹105

Issue valuation26.5%Issue size ÷ market cap

Vectras Enprocon Limited peer comparison

From the offer document’s own listed-peer table

OFFICIAL IPO DATA

Comparison with listed industry peers: EPS, NAV, P/E, RoNW and revenue
Company	EPS basic	EPS diluted	NAV	P/E	RoNW	Revenue (₹ Cr)
Vectras Enprocon LimitedThis IPOFinancial statements · Restated	₹10.3	₹10.3	₹25.2	10.2x	51.4%	₹119.8
Pratham EPC Projects LimitedFinancial statements · Consolidated	₹3.4	₹3.4	₹49.9	34.5x	7.4%	₹140.22
Desco Infratech Limited

The price band and company's P/E ratio are currently shown as [●] in the Red Herring Prospectus pending finalization, hence no numerical comparison with peer P/E multiples is presented.

Vectras Enprocon IPO in context

How the size of this issue compares with every IPO in our archive

INVESTORTRACK ANALYSIS

How big the issue is

At ₹53 Cr, Vectras Enprocon is a larger issue than 74% of the 202 SME IPOs in our archive that state an issue size (the median is ₹38 Cr).

How IPOs of a similar size listed

Of 63 SME IPOs in our archive with an issue of ₹50 Cr or more (listed 2025 to date), 59% opened above the issue price and 29% below. The median opening gain was +1.80%, and the middle half ranged from −0.79% to +19.12%.

This describes how past issues opened, not what this IPO will do: one issue can land far outside the range, the opening price says nothing about what happens afterwards, and past results are not a forecast.

Next tabOffer details · ₹53.05 Cr