Gainers & Losers

YOU ARE ON :
  • HOME /
  • IPO /
  • IPO ISSUES /
  • IPO-SYNOPSIS

Vectras Enprocon Ltd

Registered Office: No.601-602 Amrakunj Avis,Chandkheda, Ahmedabad - 382424, Gujarat, India.
Phone : +91 63531 52513   Fax:
Email :  compliance@vectrasgroup.com  
Website :  www.vectrasgroup.com

Initial public offering of 50,52,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Vectras Enprocon Limited (the "Company" or the "Issuer") for cash at a price of Rs. 105 per equity share of face value of Rs. 10 each (the "Offer Price") aggregating up to Rs. 53.05 Crores (the "Offer") comprising a fresh issue of 40,56,000 equity shares of face value of Rs. 10 each by the company aggregating up to Rs. 42.59 Crores (the "Fresh Issue") and an offer for sale of 9,96,000 equity shares of face value of Rs. 10 each (the "Offered Shares") (consisting 4,98,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 5.23 Crores by Naynesh Kanubhai Patel and 4,98,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 5.23 Crores by Maheshkumar Gopalbhai Patel, (collectively referred to as the "Promoter Selling Shareholders") of which 2,53,200 equity shares of face value of Rs. 10 each aggregating to Rs. 2.66 Crores was reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The public offer less the market maker reservation portion i.e. Net offer of 47,98,800 equity shares of face value of Rs. 10 each aggregating to Rs. 50.39 Crores (the "Net Offer"). The public offer and the net offer will constitute 26.51% and 25.18%, respectively of the post offer paid up equity share capital of the company. Price Band: Rs. 105 per equity share of face value Rs. 10 each. The floor price is 10.50 times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Issue Money Payable On
Opens on Closes On Application Allotment
30-Oct-26 03-Nov-26 105.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 2400   Further Multiples of : 1200
  Rs(Cr.) Lead Managers to the Issue
Project Cost 38.44 Beeline Capital Advisors Private Limited
Project Financed through Current Offer 53.05  
Post Issue Equity Share Capital 19.06  
Issue Price 105.00  

Project

  • Repayment / prepayment, in full or part, of certain outstanding borrowings availed by the Company
  • To Meet Working Capital Requirements of the Company
  • General Corporate Purpose

Promoted By

Naynesh Kanubhai Patel

Maheshkumar Gopalbhai Patel

Anjana Naynesh Patel

Listing At

BSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.