SOURCE : NEW18 NEWS
Last Updated:May 24, 2025, 08:29 IST
Aegis Vopak Terminals Ltd raises Rs 1,260 crore from anchor investors before its IPO on May 26. The IPO aims to raise Rs 2,800 crore for debt repayment and capital expenditure.
Aegis Vopak Terminals IPO.
Aegis Vopak Terminals IPO: Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics Ltd, has raised Rs 1,260 crore from anchor investors, ahead of its initial public offering (IPO) that opens for public subscription on May 26 and closes on May 28.
Anchor Investors & Allocation
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As per a regulatory filing with the BSE, the company has allotted 5.36 crore equity shares at the upper price band of Rs 235 per share to 32 anchor investors, including prominent names like American Funds Insurance, HDFC Mutual Fund, Smallcap World Fund, 360 One, Motilal Oswal, SBI General Insurance, and Think India.
IPO Details
IPO Size: Rs 2,800 crore (entirely fresh issue; no offer-for-sale component)
Price Band: Rs 223-Rs 235 per share
Lot Size: Investors can bid for a minimum of 63 shares and in multiples thereafter
Valuation: At the upper band, the company is valued at about Rs 26,000 crore
Bidding Dates: May 26 to May 28
Anchor Investor Bidding Date: May 23
Listing Date: Tentatively scheduled for June 2
GMP (Grey Market Premium): Zero GMP as of now
Issue Reservation: A total of 75% is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors.
Use of Proceeds
According to the red herring prospectus (RHP), the IPO proceeds will be utilised as follows — Rs 2,016 crore towards repayment of debt; Rs 671.30 crore for capital expenditure, particularly the acquisition of a cryogenic LPG terminal in Mangalore; and the remaining for general corporate purposes.
As of June 2024, the company had total borrowings of Rs 2,584 crore on its books.
About the Company
Aegis Vopak Terminals is a key player in the terminalling infrastructure space in India. It owns and operates storage tank terminals across the country, handling a wide range of liquids and gases, including petroleum products, chemicals, vegetable oils, lubricants, and gases like LPG, propane, and butane.
What sets Aegis Vopak apart is the strategic location of its terminals—mostly near major ports and key shipping routes. This offers the company a competitive edge by enabling faster evacuation through pipelines, rail, and road, reducing last-mile delivery costs, and improving turnaround times for its clients.
The strategic importance of well-connected terminals is growing in the global terminalling industry, making companies like Aegis Vopak key players in the supply chain ecosystem.
Book-Running Lead Managers
The IPO is being managed by ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank.
- First Published:
May 24, 2025, 08:29 IST
