Aegis Vopak IPO opens today at Rs 223-235

Aegis Vopak has allocated 75% of the shares for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 10% for retail investors.

The initial public offering of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, will open today at a price band of Rs 223-235. The company aims to raise Rs 2,800 crore through the IPO, which is a fresh issue of equity shares. The IPO will close on Wednesday (May 28). Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter;

The company has reserved up to 75 per cent of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15 per cent for Non-Institutional Investors (NII), and up to 10 per cent of the offer is reserved for retail investors.

Proceeds worth Rs 2,016 crore will be used to pay debt, Rs 671.30 crore will fund capital expenditures for the acquisition of a cryogenic LPG terminal at Mangalore, and the remaining amount will be allocated for general corporate purposes.

As part of its IPO, the company on Friday mopped up Rs 1,260 crore from anchor investors. Its board has allotted 5,36,17,021 shares to 32 anchor investors at the upper price band of ₹235 a share. Some of the marquee investors include American Funds Insurance, HDFC MF, Smallcap World Fund, 360 One, Motilal Oswal, SBI General Insurance, and Think India, among others.

ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Jefferies India Private Limited, and HDFC Bank Limited are the book-running lead managers for the issue.

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 petroleum, vegetable oils, lubricants, chemicals, and gases such as propane and butane.

As of June 30, 2024, AVTL manages a total storage capacity of around 1.50 million cubic meters for liquid products and 70,800 metric tons (MT) for LPG.

AVTL runs its business through two main divisions: the Gas Terminal Division, which focuses on storing and handling LPG, including propane and butane, and the Liquid Terminal Division, which 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.

Published on May 26, 2025