Aegis Vopak Terminals IPO of ₹2,800 Crore
Aegis Vopak Terminals Limited (AVTL), a prominent entity in India’s industrial storage sector, is set to launch its Initial Public Offering (IPO) on Monday, May 26, 2025. This significant public issue, a fresh offering aiming to raise up to ₹2,800.00 crore, represents a strategic move for the company to bolster its growth initiatives and expand its vital infrastructure presence across the nation. The subscription window for this book-building IPO will remain open for three days, concluding on Wednesday, May 28, 2025. Following the subscription period, the company anticipates a tentative listing on Monday, June 2, 2025, with its shares to be traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Aegis Vopak Terminals IPO Details
| Parameter | Details |
|---|---|
| IPO Size | ₹2,800 crore |
| IPO Opening Date | May 26, 2025 |
| IPO Closing Date | May 28, 2025 |
| Listing Date (Tentative) | June 2, 2025 |
| Price Band | ₹223 – ₹235 per share |
| Lot Size | 63 shares |
| Minimum Investment (Retail) | ₹14,049(At Lower Price-Band) |
| Maximum Retail Investment | ₹1,92,465 (13 lots / 819 shares) |
| Small HNI Investment Range | ₹2,07,270 – ₹9,91,935 (14 to 67 lots) |
| Big HNI Minimum Investment | ₹10,06,740 (68 lots / 4,284 shares) |
| Issue Allocation | QIB: ≥75%, Retail: ≤10%, HNI: ≤15% |
| Promoter Shareholding (Pre-IPO) | 97.41% |
| Total Assets (Jun 2024) | ₹4,483.41 crore |
| Revenue (FY24) | ₹570.12 crore |
| Profit After Tax (FY24) | ₹86.54 crore |
| Lead Managers | ICICI Sec, BNP Paribas, Jefferies, HDFC Bank |
| Registrar | Link Intime India Pvt Ltd |
Aegis Vopak Terminals IPO Price-band, Lot-Size
The IPO has been priced in a band of ₹223 to ₹235 per equity share, each carrying a face value of ₹10. Investors can bid for a minimum of 63 shares, and in multiples thereof, setting the minimum investment for retail investors at ₹14,049. Retail investors can apply for a maximum of 13 lots, or 819 shares, totaling an investment of ₹1,92,465. For High Networth Individuals (HNIs), the categories include Small HNIs (sNII), starting from 14 lots (882 shares) with an investment of ₹2,07,270 and extending up to 67 lots (4,221 shares) at ₹9,91,935. Big HNIs (bNII) have a minimum application of 68 lots, which means 4,284 shares, requiring an investment of ₹10,06,740.
Aegis Vopak Terminals IPO Reservation
The issue structure ensures broad participation, allocating not less than 75% of the shares to Qualified Institutional Buyers (QIBs), not more than 10% to retail investors, and not more than 15% to Non-Institutional Investors (HNIs).
Aegis Vopak Terminals Limited Details
Established in 2013, Aegis Vopak Terminals Limited has swiftly cemented its position as a crucial infrastructure provider within India’s dynamic energy and industrial landscape. The company specializes in the ownership and operation of storage terminals for liquefied petroleum gas (LPG) and a diverse array of liquid products. Its core service involves providing secure, efficient, and reliable storage solutions and related logistical infrastructure for essential commodities, encompassing petroleum derivatives, various vegetable oils, lubricants, specialized chemicals, and industrial gases like propane and butane.
As of June 30, 2024, AVTL manages a substantial storage capacity, including approximately 1.50 million cubic meters for liquid products and a significant 70,800 metric tons for LPG storage.
The company operates through two key divisions: the Gas Terminal Division, focused on LPG and its components, and the Liquid Terminal Division, handling a broad spectrum of liquid products crucial for various industries.
Aegis Vopak Terminals IPO Objectives
The net proceeds from this fresh equity issue are strategically designated to achieve several core objectives critical for AVTL’s future growth and operational stability. A primary use of funds will be the repayment or prepayment of existing outstanding borrowings, a move expected to enhance the company’s financial health and flexibility. Another key objective is to fund capital expenditure for the contracted acquisition of a cryogenic LPG terminal situated in Mangalore.
This acquisition represents a pivotal expansion into specialized storage infrastructure, boosting AVTL’s capabilities in handling cryogenic gases and capitalizing on new market avenues in a vital coastal logistics hub. The remaining proceeds will be allocated for general corporate purposes, covering essential operational needs such as working capital and administrative expenses, ensuring the company’s continuous smooth functioning.
Aegis Vopak Terminals Limited Promoters
The company is promoted by a robust group of entities, including Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum INC, Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V., collectively bringing extensive industry experience. Pre-IPO, the promoter shareholding is 97.41%.
Aegis Vopak Terminals Limited Financials
A review of Aegis Vopak Terminals Limited’s restated consolidated financial performance reveals a trajectory of significant growth and strengthening. The company’s total assets have shown robust expansion, increasing substantially to ₹4,483.41 crore as of June 30, 2024. Revenue has also demonstrated considerable growth, reaching ₹570.12 crore for the fiscal year ended March 31, 2024, and ₹156.37 crore for the quarter ending June 30, 2024. Importantly, AVTL transitioned from recording losses in previous periods to achieving profitability, reporting a profit after tax of ₹86.54 crore for the year ended March 31, 2024, and ₹25.78 crore for the June 2024 quarter.
This positive shift in profitability, alongside a rising net worth of ₹1,177.40 crore as of June 2024, underscores the company’s improved financial position.
Aegis Vopak Terminals IPO schedule:
the offer opens on Monday, May 26, 2025, and closes on Wednesday, May 28, 2025. Tentative allotment is slated for Thursday, May 29, 2025, with refunds initiated and shares credited to Demat accounts on Friday, May 30, 2025. The tentative listing date is Monday, June 2, 2025.
Aegis Vopak Terminals IPO Lead Managers & Registrar
The IPO’s book-running lead managers are ICICI Securities Limited, BNP Paribas, Jefferies India Private Limited, and HDFC Bank Limited, while Link Intime India Private Ltd serves as the official registrar of Aegis Vopak Terminals IPO. As Aegis Vopak Terminals Limited embarks on its public market journey, this IPO offers investors an opportunity to engage with a vital infrastructure player supporting India’s evolving energy sector. Prospective investors are advised to conduct thorough due diligence and consult financial advisors before making any investment decisions.
Aegis Vopak Terminals IPO Important Documents
Aegis Vopak Terminals IPO DRHP
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