Aegis Vopak, Leela Hotels see tepid listing: Check details

Aegis Vopak Terminals Ltd. and Leela Hotels Ltd. – both listed on the bourses today in weak market sentiment. Leela Hotels opened at a discount of 6.55 per cent at Rs 406.5 per share and Aegis Vopak opened at Rs 220 – down 6.38 per cent from its issue price. 

Market guru, Anil Singhvi, Managing Editor of Zee Business, has shared his views on both listings. He reiterated his positive long-term view on the stocks while advising short-term investors to be aware of tight stops in place.

Aegis Vopak IPO: Likely to list around issue price

Singhvi indicated that Aegis Vopak is likely to list at – or near – the issue price of Rs 235. Singhvi made some comments earlier, recommending buying the Aegis Vopak IPO from a long-term investment point of view, especially due to the ratio behind the fundamentals of the company and the possibilities in the energy logistics space. “Short-term investors should monitor the listing closely and keep a proper stoploss blast the IPO price as high volatility is expected,” Singhvi advised. 

For long-term investors over 1-3 years, Singhvi recommended still holding post-listing, backed by the company’s strong parent, operational strength and the prosectoral tailwind. 

Leela Hotels IPO: Steady listing on cards near Rs 435

Singhvi said Leela Hotels is also likely to list around its offer price of Rs 435. He reaffirmed his earlier view of applying to the IPO from a long-term perspective, given its reputation in premium hospitality. “Short-term players can decide to hold post-listing with stoploss,” he said, suggesting there may be some initial volatility.

He said long-term investors should hold the shares for at least one to three years, as the hotel sector will benefit from rising travel demand and good government policy supported by domestic tourism.

Anil Singhvi’s approach

Leela Hotels and Aegis Vopak both had solid responses from investors, but Singhvi cautioned that we can never rule out listing day volatility, especially given the K mood swings and noise around sector specific news.

He has not taken a clear view of either of the two names as a favourite, but he highlighted that both offered visibility on long-term growth. Singhvi’s recommendations fit into the bigger picture of investing in IPOs based on fundamentals and holding for long-term sustainable returns, rather than relying on listing gains.

Investors are advised to watch opening cues closely and follow stoploss discipline if participating with short-term intent.