Aegis Vopak Terminals IPO

Aegis Vopak Terminals IPO is a bookbuilding of ₹2,800.00 crores. The issue is entirely a fresh issue of 11.91 crore shares with no offer for sale.
The IPO opens for subscription on May 26, 2025, and closes on May 28, 2025. The allotment is expected to be finalized on Thursday, May 29, 2025. The price band for the IPO is set at ₹223 to ₹235 per share, and the minimum lot size for an application is 63 shares.

Company Summary

Incorporated in 2013, Aegis Vopak Terminals Limited (AVTL) owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.

The company provides safe storage and related infrastructure for products like petroleum, vegetable oils, lubricants, chemicals, and gases such as propane and butane.

As of June 30, 2024, around 70,800 metric tons (MT) of LPG and 1.50 million cubic meters of liquid product storage are managed by AVTL.

AVTL runs its business through two main divisions:

  • Gas Terminal Division – focuses on storing and handling LPG, including propane and butane.
  • Liquid Terminal Division – handles storage for liquid products like petroleum, chemicals, and vegetable oils. The company manages over 30 types of chemicals and more than 10 types of edible and non-edible oils.

The company operates two LPG storage terminals and 16 liquid storage terminals located across five major ports in India. These terminals handle coastal shipping, imports, and exports.

The terminals are located in the ports of Haldia, West Bengal (“Haldia Terminal”), Kochi, Kerala (“Kochi Terminal”), Mangalore, Karnataka (“Mangalore Terminal”), Pipavav, Gujarat (“Pipavav Terminal”), and Kandla, Gujarat (“Kandla Terminal”) have an aggregate storage capacity of approximately 1.50 million cubic meters for liquid products and 70,800 MT of static capacity for LPG.

As of March 31, 2022, 2023, and 2024, and June 30, 2023 and 2024, the company had 24,316,396, 366, and 392 full-time employees, respectively.

Company Strengths

  • India’s largest third-party owner and operator of tank storage terminals for LPG and liquid products.
  • An extensive terminal network across five major Indian ports ensures strategic market presence.
  • Track record of well-equipped storage infrastructure and consistently expanding capabilities
  • Well-experienced promoters and managers
  • Strong financial backing ensures dynamic and large-scale infrastructure projects

Company Financials

Period Ended

31 Dec 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

6587.69

6041.65

5679.15

5196.07

Revenue

6064.76

7555.67

6620.78

5410.68

Profit After Tax

245.47

352.70

356.70

307.24

Net Worth

2577.55

2331.92

2038.20

1734.45

Reserves and Surplus

2252.24

2014.43

2024.16

1715.31

Total Borrowing

2599.80

2440.98

2271.40

2597.96

Amount in ₹ Crore

Objectives of IPO

The Net Proceeds from the Issue are to be utilized towards the following objects:

  • 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.

Promoters of the Company

Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum INC, Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V. are the company promoters.

IPO Details

IPO Date

May 26, 2025 to May 28, 2025

Listing Date

June 2. 2025

Face Value

₹10 per share

Price Band

₹223 to ₹225 per share

Lot size

63 shares

Total Issue size

11,91,48,936 shares (aggregating up to ₹2800.00 Cr)

Fresh issue

11,91,48,936 shares (aggregating up to ₹2800.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

Lot Allocation Details

Application

Lots

Shares

Amount

Retail (Min)

1

63

₹14,805

Retail (Max)

13

819

₹1,92,465

S-HNI (Min)

14

882

₹2,07,270

S-HNI (Max)

66

4221

₹9,91,935

B-HNI (Min)

67

4284

₹10,06,740

Allotment Schedule

Basis of Allotment

Thu, May 29, 2025

Initiation of Refunds

Fri, May 30, 2025

Credit of Shares to Demat

Fri, May 30, 2025

Tentative Listing Date

Mon, Jun 2, 202

Cut-off time for UPI mandate confirmation

5 PM on May 28, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not less than 75% of the Issue

Retail Shares Offered

Not more than 10% of the Issue

NII (HNI) Shares Offered

Not more than 15% of the Issue

To check allotment, click here

Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.

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