Aegis Vopak Terminals IPO scheduled to open on May 26, 2025, and will close on May 28, 2025. This IPO is a book-built issue, where the company aims to raise around ₹3,500 crores through a complete fresh issue of 14.89 crore equity shares. The price band for the IPO is set between ₹223 to ₹235 per share.
Investors can apply for a minimum lot size of 63 shares, requiring a minimum investment of ₹14,049. However, to improve allotment chances in case of oversubscription, applying at the cutoff price, which is ₹14,805, is recommended. The allotment is expected on May 29, 2025, and the shares are likely to list on BSE and NSE on June 2, 2025. The retail investor quota is 10%, QIB is 75%, and HNI is 15%.
For sNII investors, the minimum application is 14 lots (882 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (4,284 shares), requiring ₹10,06,740. The company has shown strong financial growth, reporting a revenue of ₹570.12 crores and a profit of ₹86.54 crores in 2024, which was a significant improvement from 2023. Looking at the financials, long-term investment in this IPO seems promising.
Incorporated in 2013, Aegis Vopak Terminals Limited (AVTL) is a well-established company in India that deals with the storage of liquefied petroleum gas (LPG) and various liquid products. The company offers safe and efficient infrastructure for storing items like petroleum, chemicals, vegetable oils, lubricants, and gases such as propane and butane.
As of June 30, 2024, AVTL operates with a total liquid storage capacity of around 1.50 million cubic meters and an LPG storage capacity of 70,800 metric tons (MT). The business is divided into two main segments – the Gas Terminal Division, which focuses on the storage and handling of LPG including propane and butane, and the Liquid Terminal Division, which deals with storage of various liquid products like chemicals, petroleum, and both edible and non-edible oils. In fact, the company handles over 30 types of chemicals and more than 10 kinds of oils.
AVTL has a strong presence at five major ports in India through its two LPG storage terminals and 16 liquid storage terminals. These are located in Haldia (West Bengal), Kochi (Kerala), Mangalore (Karnataka), Pipavav (Gujarat), and Kandla (Gujarat). These terminals support coastal shipping, import, and export activities, playing a key role in India’s logistics infrastructure.
In terms of workforce, the company has also shown consistent growth. The number of full-time employees increased from 24 in 2022 to 316 in 2023, and then to 396 by the end of March 2024. As of June 30, 2024, AVTL had 392 full-time employees, showing its focus on expansion and operations management.
Overview of Contents
Aegis Vopak Terminals IPO Overview
| Aegis Vopak Terminals IPO Details | Information |
|---|---|
| IPO Listing On | BSE, NSE |
| Issue Type | Book Built Issue |
| Face Value per Share | ₹10 |
| IPO Price Band | ₹223 to ₹235 per share |
| Lot Size (Minimum Order) | 63 Shares |
| Minimum Retail Investment (Cutoff Price) | ₹14,805 |
| Total Issue Size | 14,89,36,170 shares (aggregating up to ₹3,500 Cr) |
| Fresh Issue | 14,89,36,170 shares (aggregating up to ₹3,500 Cr) |
| Offer for Sale (OFS) | Not Applicable / Not Disclosed |
| Retail Investor Quota | Not more than 10% |
| Qualified Institutional Buyers (QIB) Quota | Not more than 75% |
| Non-Institutional Investors (NII) Quota | Not more than 15% |
| Pre-Issue Shareholding | 98,88,42,553 shares |
| Post-Issue Shareholding | 1,13,77,78,723 shares |
Aegis Vopak Terminals IPO Propspectus
| DRHP | Click here |
| RHP | Click here |
Aegis Vopak Terminals IPO GMP
The grey market premium (GMP) of Aegis Vopak Terminals IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To be Updated Soon
Aegis Vopak Terminals IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | May 26, 2025 (Monday) |
| IPO Close Date | May 28, 2025 (Wednesday) |
| Basis of Allotment | May 29, 2025 (Thursday) |
| Refunds Initiation | May 30, 2025 (Friday) |
| Credit to Demat Account | May 30, 2025 (Friday) |
| IPO Listing Date | June 2, 2025 (Monday) |
Aegis Vopak Terminals IPO – Promoter Details & Shareholding Pattern
Aegis Vopak Terminals Limited is backed by a strong set of promoters including Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum INC, Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V. These promoters play a vital role in the company’s strategic operations and growth planning. Post IPO, their collective shareholding will reduce, making room for public participation while still retaining a strong controlling interest.
| Particulars | Shareholding |
|---|---|
| Pre-Issue Holding | 97.41% |
| Post-Issue Holding | 85.93% |
Objects 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 IPO – Lot Size & Investment Details
Retail and High Net-Worth Individual (HNI) investors can apply for the Aegis Vopak Terminals IPO by bidding in multiples of 63 shares, which is the minimum lot size. The table below highlights the minimum and maximum application limits based on investor category, including the total number of shares and estimated investment amount at the upper price band of ₹235 per share.
| nvestor Category | Number of Lots | Total Shares | Approx Investment |
|---|---|---|---|
| Retail (Minimum) | 1 Lot | 63 Shares | ₹14,805 |
| Retail (Maximum) | 13 Lots | 819 Shares | ₹1,92,465 |
| Small HNI (sNII) Min | 14 Lots | 882 Shares | ₹2,07,270 |
| Small HNI (sNII) Max | 67 Lots | 4,221 Shares | ₹9,91,935 |
| Big HNI (bNII) Min | 68 Lots | 4,284 Shares | ₹10,06,740 |
Aegis Vopak Terminals IPO Financial Performance
Below is the financial performance of Aegis Vopak Terminals Limited for the fiscal years ending March 2022, 2023, 2024, and the quarter ending June 30, 2024. The company has shown strong revenue growth and a turnaround in profitability over the last three years.
| Particulars | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Jun 2024 |
|---|---|---|---|---|
| Revenue | ₹0.00 | ₹355.99 | ₹570.12 | ₹156.37 |
| Profit After Tax | -₹1.09 | -₹0.08 | ₹86.54 | ₹25.78 |
| Assets | ₹102.56 | ₹3,481.48 | ₹4,523.40 | ₹4,483.41 |
| Net Worth | -₹0.53 | ₹1,098.20 | ₹1,151.94 | ₹1,177.40 |
| Total Borrowings | ₹98.10 | ₹1,745.17 | ₹2,586.42 | ₹2,584.18 |
| Reserves & Surplus | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone Limited | 37.55 | 33.68 | 15.32% | 245.10 | 26,710.56 Cr. |
| JSW Infrastructure Limited | 6.01 | 49.42 | 14.40% | 41.77 | 3,762.89 Cr. |
Aegis Vopak Terminals IPO – Valuation Snapshot (FY2024)
Here is a brief look at the key valuation metrics of Aegis Vopak Terminals Limited for the financial year 2024. These figures help investors assess the financial health and profitability of the company before investing in the IPO.
| Valuation Metric | Value |
|---|---|
| Return on Equity (ROE) | 8.68% |
| Return on Capital Employed (ROCE) | 8.39% |
| EBITDA Margin | 71.19% |
| Profit After Tax (PAT) Margin | 15.18% |
| Debt-to-Equity Ratio | 2.59 |
| Earnings Per Share (EPS - Basic) | ₹1.00 |
| Price-to-Earnings (P/E) Ratio | Not Applicable |
| Return on Net Worth (RoNW) | 7.51% |
| Net Asset Value (NAV) | ₹13.27 |
Aegis Vopak IPO Review
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Aegis Vopak Terminals IPO Registrar
MUFG Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Bnp Paribas
- Iifl Securities Ltd
- Jefferies India Private Limited
- Hdfc Bank Limited
Company Address
Aegis Vopak Terminals Limited
502, Skylon, G.I.D.C,
Char Rasta, Vapi, Valsad,
396195, Gujarat, India
Phone: +91 22 4193 6666
Email: [email protected]
Website: http://www.aegisvopak.com/
Aegis Vopak Terminals IPO FAQs
What are the IPO open and close dates for Aegis Vopak Terminals?
The Aegis Vopak Terminals IPO opens on May 26, 2025 (Monday) and closes on May 28, 2025 (Wednesday).
What is the price band for Aegis Vopak Terminals IPO?
The IPO price band is set between ₹223 to ₹235 per equity share.
How much is the minimum investment for retail investors?
Retail investors can apply for a minimum of 1 lot (63 shares), costing approximately ₹14,805 at the upper price band.
When will the allotment for the Aegis Vopak IPO be finalized?
The basis of allotment is expected to be finalized on May 29, 2025 (Thursday).
On which exchanges will the IPO be listed?
The shares will be listed on both BSE and NSE, with a tentative listing date of June 2, 2025 (Monday).
What is the size of Aegis Vopak Terminals IPO?
The total issue size is approximately ₹3,500 crore, comprising only a fresh issue of shares.
Who are the promoters of Aegis Vopak Terminals?
The promoters include Aegis Logistics Ltd., Vopak India B.V., Koninklijke Vopak N.V., and other entities like Huron Holdings Ltd. and Trans Asia Petroleum Inc.