Aegis Vopak Terminals IPO
IPO Details
Aegis Vopak Terminals IPO is a bookbuilding of ₹3,500 Crore. The issue is entirely a fresh issue of ₹3,500 Crore and an offer for sale of Nil.
Aegis Vopak Terminals IPO opens for subscription on 2025-05-26 and closes on 2025-05-28. The allotment is expected to be finalized on 2025-05-29. The IPO will be listed on BSE, NSE with tentative listing date as 2025-06-02.
Price band is set at ₹223 to ₹235 per share. The minimum lot size for application is 63 shares (₹14049). It is suggested to bid at the cutoff price to avoid oversubscription, which is about ₹14805.
IPO Timeline
Company Overview
Aegis Vopak Terminals IPO Details
Aegis Vopak Terminals Limited is India’s largest third-party owner and operator of tank storage terminals for LPG and liquid products by storage capacity, as of June 30, 2024 :contentReference[oaicite:0]{index=0}.
Company Overview
Incorporated in 2013, Aegis Vopak Terminals is a joint venture between Aegis Logistics Limited and the Netherlands-based Royal Vopak. The company owns and operates terminals with a total capacity of about 1.50 million cubic meters for liquid products and 70,800 MT for LPG :contentReference[oaicite:1]{index=1}.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (Q1) |
|---|---|---|---|
| Revenue | ₹355.99 Cr | ₹570.12 Cr | ₹156.37 Cr |
| PAT | ₹0.08 Cr | ₹86.54 Cr | ₹25.78 Cr |
| EBITDA Margin | N/A | N/A | 71.19% |
| PAT Margin | N/A | N/A | 15.18% |
IPO Details
- Issue Size: ₹3,500 Crore
- Fresh Issue: ₹3,500 Crore
- Offer for Sale: Nil
- Price Band: ₹223–₹235 per share
- Lot Size: 63 shares
- Minimum Investment: ₹14,805 (at upper price band)
- Listing On: NSE and BSE
IPO Objectives
- Repayment or prepayment of certain outstanding borrowings
- Funding capital expenditure for expansion
- General corporate purposes
Subscription Details
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 75% | TBA |
| NII | 15% | TBA |
| Retail | 10% | TBA |
Key Strengths
- Largest third-party tank storage operator in India
- Strategic joint venture with global leader Royal Vopak
- Strong financial turnaround with significant profit growth
- High EBITDA and PAT margins indicating operational efficiency
Risk Factors
- Dependence on a limited number of ports
- Regulatory changes in the oil and gas sector
- Foreign exchange fluctuations affecting imports/exports
- High debt-to-equity ratio prior to IPO
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
- Link Intime India Private Limited
GMP Trends
The Grey Market Premium (GMP) for Aegis Vopak Terminals IPO is currently around ₹32, indicating a premium of approximately 13.62% over the upper price band.
Expert Opinion
Analysts view the IPO positively due to the company’s dominant market position, strategic partnerships, and strong financial performance. The funds raised are expected to strengthen the company’s balance sheet and support future growth initiatives.
Business Segments
Information about business segments will be available soon.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (Q1) |
|---|---|---|---|
| ebitda | ₹N/A Cr | ₹N/A Cr | ₹N/A Cr |
| ebitda margin | N/A% | N/A% | 71.19% |
| pat | ₹0.08 Cr | ₹86.54 Cr | ₹25.78 Cr |
| pat margin | N/A% | N/A% | 15.18% |
| revenue | ₹355.99 Cr | ₹570.12 Cr | ₹156.37 Cr |
* Percentage values represent margins
Additional Information
The proceeds from the IPO will be used for:
- Expansion of manufacturing facilities
- Debt repayment
- General corporate purposes
Information about key strengths will be available soon.
Information about risk factors will be available soon.
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 75% | TBA |
| NII | 15% | TBA |
| Retail | 10% | TBA |
| Total | 100% | TBA |
Industry analysts are positive about the company's growth prospects given its strong financial performance, diversified product portfolio, and expansion plans. The IPO is expected to receive good response from investors looking for exposure to the sector.
Grey Market Premium
*Expected Premium is derived from market rumors. It is not a guaranteed indicator of the actual listing price.
IPO Quick Info
Market Lot
IPO Details
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
Link Intime India Private Limited
