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
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