Aegis Vopak Terminals IPO
Bookbuilding IPO | ₹2,800.00 Cr | Listing at BSE, NSE
IPO Open
Mon, May 26, 2025
IPO Close
Wed, May 28, 2025
Price Band
₹223.00 to ₹235.00
Market Cap (Pre-IPO)
₹26,037.80 Cr
IPO Details
| IPO Date | May 26, 2025 to May 28, 2025 |
| Listing Date | Tentative: Jun 02, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹223.00 to ₹235.00 |
| Lot Size | 63 Shares (Minimum: ₹14,805.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹2,800.00 Crores |
| Total Shares Offered | 119,148,936 shares |
| Offer For Sale | 119,148,936 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 3.47x |
| NII | 0.59x |
| RII | 0.81x |
| Total | 2.20x |
Aegis Vopak Terminals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 8,93,61,703 (75.00%) |
| Retail Shares Offered | 1,19,14,893 (10.00%) |
| NII Shares Offered | 1,78,72,340 (15.00%) |
Aegis Vopak Terminals IPO Lot Size
Investors can bid for a minimum of 63 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,805 |
| Retail (Max) | 13 | 819 | ₹192,465 |
| S-HNI (Min) | 14 | 882 | ₹207,270 |
| S-HNI (Max) | 67 | 4,221 | ₹991,935 |
| B-HNI (Min) | 68 | 4,284 | ₹1,006,740 |
Aegis Vopak Terminals Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5,855.60 | 4,523.40 | 102.56 |
| Total Income | 476.15 | 570.12 | 0.00 |
| Profit After Tax | 85.89 | 86.54 | -1.09 |
| EBITDA | 0.00 | 0.00 | 0.00 |
| NET Worth | 2,037.61 | 1,151.94 | -0.53 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 2,485.75 | 2,586.42 | 98.10 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 8.68% |
| ROCE (Return on Capital Employed) | 8.39% |
| Debt/Equity | 2.59 |
| RoNW (Return on Net Worth) | 7.51% |
| PAT Margin (Profit After Tax Margin) | 15.18% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 17.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.88 | 1.03 |
| P/E (x) | 268.51 | 227.36 |
| Promoter Holding | 97.41% | 85.93% |
Company Promoters
- 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.
Company Overview
Incorporated in 2013, Aegis Vopak Terminals Limited (AVTL) is a company that 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, 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:
- 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 we had 24, 316, 396, 366, and 392 full-time employees, respectively.
Use of Proceeds
| 1) | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company | 2,015.95 |
| 2) | Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore; and | 671.30 |
| 3) | General corporate purposes | 3.63 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Aegis Vopak Terminals IPO Peer Comparison
Aegis Vopak Terminals peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Aegis Vopak Terminals Limited | 1.00 | 0.91 | 13.27 | 0.00 | 7.51 | 0.00 | Consolidated |
| Adani Ports And Special Economic Zone Ltd. | 37.55 | 37.55 | 245.10 | 37.48 | 15.32 | 0.00 | Consolidated |
| JSW Infrastructure Limited | 6.01 | 5.88 | 41.77 | 49.42 | 14.40 | 0.00 | Consolidated |
Quick Info
| Sector | energy infrastructure, logistics, and Marine Port & Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹26,037.80 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | May 26, 2025 |
| IPO Close | May 28, 2025 |
| Allotment Date | May 29, 2025 |
| Credit to Demat | May 30, 2025 |
| Listing Date | Tentative: Jun 02, 2025 |
Lead Manager(s)
ICICI Securities Ltd.
Registrar
Description
- Aegis Vopak Terminals IPO is a book build issue of ₹2,800.00 crores. The issue is entirely a fresh issue of 11.91 crore shares of ₹2,800.00 crore.
- Aegis Vopak Terminals IPO bidding started from May 26, 2025 and ended on May 28, 2025. The allotment for Aegis Vopak Terminals IPO was finalized on May 29, 2025. The shares got listed on BSE, NSE on Jun 2, 2025.
- Aegis Vopak Terminals IPO price band is set at ₹235.00 per share . The lot size for an application is 63. The minimum amount of investment required by an retail is ₹14,805 (63 shares) (based on upper price). The lot size investment for sNII is 14 lots (882 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (4,284 shares), amounting to ₹10,06,740.