Vectras Enprocon IPO
Open Date
30 Oct 2026
Close Date
3 Nov 2026
Open Date
30 Oct 2026
Close Date
3 Nov 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed
IPO Open Now.

Founded In
2021
CEO
Chandresh Manubhai Suthar
Financials of Vectras Enprocon IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 54.32 | 80.48 | 119.80 |
| Other Income | 0.05 | 0.05 | 0.10 |
Total Income | 54.37 | 80.53 | 119.90 |
Total Expenses | 46.25 | 66.97 | 99.06 |
| Profit Before Tax | 8.12 | 13.56 | 20.84 |
Total Profit | 5.81 | 10.17 | 15.43 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company intends to utilize a portion of the Net Proceeds towards pre-payment/repayment, in full or part, of certain outstanding borrowings availed by the company, including working capital facilities, to reduce existing debt and maintain a favourable debt-equity ratio. | 14 |
| The company proposes to utilize a portion of the Net Proceeds to fund its long-term working capital requirements, driven by the long EPC project cycles, bank guarantee obligations, retention money, and projected growth in operations. | 20 |
| The company intends to deploy a portion of the Net Proceeds towards general corporate purposes, including acquisition/hiring of land/property, strategic alliances, capital expenditure, R&D, and other business exigencies, not exceeding lakhs or 15% of gross offer size, whichever is less. | - |

- Track Record of Timely Completion of Complex Projects: The company has demonstrated the ability to complete projects ahead of schedule, with examples including a public sector project completed 160 days early and a private sector project completed 62 days early, supported by standardized processes and efficient resource allocation.
- Strong Order Book for Existing Project Portfolio and Geography: The company maintains an unexecuted order book of ₹18,327.88 lakhs comprising 34 projects as of September 30, 2026, with a Book-to-Bill ratio of 2.55x, providing strong revenue visibility and geographical diversification across multiple states.
- Strong Execution Capabilities: The company has built in-house capabilities across design, operations, finance, and human resources, supported by more than 900 permanent employees as of September 30, 2026, enabling seamless management of complex projects with efficiency and quality.
- Track Record of Growth in Financial Performance: The company's revenue grew from ₹5,431.89 lakhs in FY2024 to ₹11,980.20 lakhs in FY2026 at a CAGR of 48.51%, with net profit growing at a CAGR of 62.95%, and RoCE of 48.37% and RoE of 51.39% for FY2026.
- Experienced Management Team with Significant Industry Experience: The company is led by promoters Naynesh Kanubhai Patel and Maheshkumar Gopalbhai Patel, with over 17 and 16 years of industry experience respectively, supported by a diverse senior management team with expertise across finance, compliance, project management, and engineering.

