Aegis Vopak Terminals Ltd. was incorporated on May 28, 2013. The company is the largest Indian third-party owner and operator of tank storage terminals for LPG and liquid products by storage capacity, as of June 30, 2024. 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
| Bidding Dates |
|---|
| 26 May 2025 - 28 May 2025 |
| Subscription |
|---|
| 2.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,049 | 1 | 13 | 63 | 125.6 M | ₹223 - ₹235 | 86.43 % | ₹28000.0 M - ₹29506.7 M | RHP DOC |
Aegis Vopak Terminals IPO SUBSCRIPTION STATUS
28 May '25Aegis Vopak Terminals IPO overall subscription rate was 2.09 times the total available shares
Aegis Vopak Terminals IPO retail subscription rate was 0.77 times in the retail segment
Aegis Vopak Terminals IPO non-institutional investor subscription rate was 0.56 times in the non-institutional investor category
Aegis Vopak Terminals IPO Qualified Institutional Bidder subscription rate was 3.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
28 May 2025 (Day 4) | 0.77x | 0.56x | 3.3x |
27 May 2025 (Day 3) | 0.44x | 0.12x | 0.43x |
27 May 2025 (Day 2) | 0.33x | 0.06x | 0.39x |
26 May 2025 (Day 1) | 0.19x | 0.03x | 0.39x |
Aegis Vopak Terminals FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 85.9 | 464.2 | 330.6 | 555.3 | 74.2% |
| 9MFY24 | 33.7 | 375.4 | 242.1 | -4,864.9 | 67.5% |
| FY24 | 86.5 | 561.8 | 337.2 | -3,253.8 | 71.2% |
| FY23 | -0.1 | 353.3 | 172.5 | -64.1 | 65.2% |
| FY22 | -1.1 | 0.0 | 0.5 | -638.7 | - |
Aegis Vopak Terminals IPO SUBSCRIPTION STATUS DETAILS
Aegis Vopak Terminals had 125.6 M shares on offer
Aegis Vopak Terminals IPO offer price was in the range ₹223 - ₹235
Aegis Vopak Terminals IPO minimum Investment was ₹14049
Aegis Vopak Terminals IPO issue size was ₹ 28000.0 M - ₹ 29506.7 M
Aegis Vopak Terminals had a minimum lot size of 63 Shares per application
Aegis Vopak Terminals NUMBER OF SHARES ON OFFER
Aegis Vopak Terminals IPO IMPORTANT DATES
| Issue Open Date | 26 May 2025 |
| Issue close Date | 28 May 2025 |
| Allotment Date | 29 May 2025 |
| Refund Date | 30 May 2025 |
| Demat Account Credit Date | 30 May 2025 |
| Listing Date | 02 Jun 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Aegis Vopak Terminals Allotment Status | Exchange/ Registrar |
Aegis Vopak Terminals IPO subscription opened on 26 May 2025, and closed on 28 May 2025
IPO allotment for Aegis Vopak Terminals was finalized on Thursday, 29 May 2025
IPO listing for Aegis Vopak Terminals was on NSE and BSE on Monday, 02 Jun 2025
Aegis Vopak Terminals IPO LISTING GAINS
| Issue Price (adjusted) | 235.0 |
| Listing Open Price | 220.0 |
| Listing Close Price | 242.0 |
| Listing Gain% | -6.4% |
| Current Gain% | 21.4% |
Aegis Vopak Terminals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aegis Vopak Terminals Ltd. | 285.3 | 31793.9 | 126.4 | 1.9 | 36.7 | 7.2 | 3.7 | 960.5 | 48.4 | 310.5 | 144 | 2.3 | 67.7 |
| Adani Ports & Special Economic Zone Ltd. | 1693.5 | 365819.5 | 27.9 | 1.7 | 9 | 13.3 | 6.9 | 40854.4 | 26.2 | 12806.2 | 15.5 | 60.7 | 16.1 |
| JSW Infrastructure Ltd. | 335.8 | 78229.8 | 52.7 | -7.6 | 14 | 14 | 7.5 | 5707.4 | 18.2 | 1523.3 | 1.3 | 6.4 | -6.9 |
| Cochin Shipyard Ltd. | 1519.7 | 39980.4 | 55.8 | -4.2 | 8 | 12.2 | 4.9 | 5431.7 | 4.3 | 716.7 | -13.4 | 27.2 | -13.4 |
| Gujarat Pipavav Port Ltd. | 151.6 | 7330.4 | 14.2 | 0.5 | 6.3 | 21.6 | 17 | 1231.7 | 15.2 | 515.2 | 29.8 | 10.7 | 29.8 |
| Knowledge Marine & Engineering Works Ltd. | 2528.4 | 6413.1 | 81.1 | 1.4 | 25 | 13.8 | 9.6 | 271.9 | 32 | 78.8 | 58.9 | 31.2 | 57.2 |
Aegis Vopak Terminals INFORMATION ON IPO ISSUE
About Aegis Vopak Terminals
Aegis Vopak Terminals Ltd. was incorporated on May 28, 2013. The company is the largest Indian third-party owner and operator of tank storage terminals for LPG and liquid products by storage capacity, as of June 30, 2024. 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
Object of the Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company
- Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore
- General corporate purposes
Aegis Vopak Terminals - PROMOTERS
| Name |
|---|
| Aegis Logistics Limited |
| Vopak India B.V. |
Aegis Vopak Terminals Book Running Lead Manager
ICICI Securities Limited
aegisvopak.ipo@icicisecurities.com
BNP Paribas
dl.avtl.ipo@bnpparibas.com
IIFL Capital Services Limited
aegis.ipo@iiflcap.com
Jefferies India Private Limited
aegis.vopak.ipo@jefferies.com
HDFC Bank Limited
aegisvopak.ipo@hdfcbank.com
Aegis Vopak Terminals Registrar to the Offer
Link Intime India Private Limited
aegisvopak.ipo@linkintime.co.in
Aegis Vopak Terminals Strengths
Geographical advantage
As of June 30, 2024, the company has a diversified network of terminals across five key ports on India's West and East coasts. These ports handle about 23% of liquid and 61% of total LPG import volumes in India, ensuring efficient distribution and customer accessibility
Diversified customer base
The company has built relationships with a diverse range of customers, partly due to their promoter Aegis’ decades of operations. Aegis has established long-standing relationships with both Indian and global customers for more than fifty years
Sustainability, health and safety
The company is committed to ESG principles, aiming to optimise financial outcomes sustainably while protecting the environment and supporting community development. Their promoters have outlined a 'sustainability vision' that guides their business and operations
Aegis Vopak Terminals Risks
Operational risks
The company's terminal services and operations are subject to operational risks that could negatively impact its business, results, and financial condition
Joint venture risks
The company operates as a joint venture between Aegis Logistics and Vopak India BV. Conflicts between the promoters could disrupt operations and negatively affect business, results, and financial performance
Capital intensive
The company's operations rely heavily on activity and expenditure in the oil and gas sector, with 36.4%, 37.8%, 37.6%, and 42.5% of revenues coming from this sector. Adverse developments in the sector could affect their operations, financial condition, and cash flows
IPO FAQs
The promoters of the company are Aegis Logistics Limited and Vopak India B.V..
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 223.0 - 235.0.
The IPO application opens on May 26, 2025 and closes on May 28, 2025.
The minimum lot size for the IPO is 63. The maximum lot size for the IPO is 819.
For all category investors, the minimum application amount for this IPO is Rs. 14,049.0, the maximum value for this IPO is Rs 192,465.0.
This IPO will be allotted on May 29, 2025.
The refund will be credited to your account on May 30, 2025.
The allotted shares will be credited to your demat on May 30, 2025.
Aegis Vopak Terminals Ltd.’s shares listed on the stock exchanges on Jun 02, 2025.