Aegis Vopak Terminals IPO

Incorporated in 2013, AVTL owns and operates storage terminals for LPG and various liquid products. The company ensures safe storage and infrastructure for petroleum, chemicals, vegetable oils, lubricants, and gases like propane and butane. As of June 30, 2024, it manages 1.50 million cubic meters of liquid storage and 70,800 MT of LPG capacity. AVTL operates through two divisions: Gas Terminal (LPG handling) and Liquid Terminal (petroleum, chemicals, oils). It runs 2 LPG and 16 liquid terminals across five Indian ports.

Aegis Vopak Terminals Limited IPO Overview

Aegis Vopak Terminals is set to launch its IPO through a book-building process, aiming to raise ₹2,800.00 crores. The entire issue consists of a fresh offering of 11.91 crore equity shares. The IPO will open for subscription on May 26, 2025, and close on May 28, 2025. The allotment of shares is expected to be finalised on Thursday, May 29, 2025, and the shares are proposed to be listed on the BSE and NSE, with a tentative listing date of Monday, June 2, 2025.

The IPO price band is fixed between ₹223 and ₹235 per share. Retail investors are required to apply for a minimum of one lot, comprising 63 shares, which amounts to ₹14,049. However, to enhance the chances of allotment and avoid the risk of oversubscription, it is recommended to bid at the cutoff price, raising the minimum investment to ₹14,805. For small non-institutional investors (sNII), the minimum application is 14 lots (882 shares), amounting to ₹2,07,270, while for big non-institutional investors (bNII), the minimum bid is 68 lots (4,284 shares), amounting to ₹10,06,740.

The book-running lead managers for the Aegis Vopak Terminals IPO are ICICI Securities Limited, BNP Paribas, IIFL Securities Ltd, Jefferies India Private Limited, and HDFC Bank Limited. Link Intime India Private Ltd has been appointed as the registrar for the issue.

Aegis Vopak Terminals Limited IPO Details

Particulars	Details
IPO Date	26 May 2025 to 28 May 2025
Listing Date	2 June 2025
Face Value	₹10 per share
Issue Price Band	₹223 to ₹235 per share
Lot Size	63 Shares
Total Issue Size	11,91,48,936 shares (aggregating up to ₹2,800.00 Cr)
Fresh Issue	11,91,48,936 shares (aggregating up to ₹2,800.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE BSE
Share Holding Pre Issue	98,88,42,553 shares
Share Holding Post Issue	1,10,79,91,489 shares

Aegis Vopak Terminals Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not less than 75% of the Net Issue
Retail	Not more than 10% of the Net Issue
NII (HNI)	Not more than 15% of the Net Issue

Aegis Vopak Terminals Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	63	₹14,805
Retail (Max)	13	819	₹1,92,465
S-HNI (Min)	14	882	₹2,07,270
S-HNI (Max)	67	4,221	₹9,91,935
B-HNI (Min)	68	4,284	₹10,06,740

Aegis Vopak Terminals Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	97.41%
Post-Issue	85.93%

Aegis Vopak Terminals Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	1.00
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	7.51%
Net Asset Value (NAV)	13.27
Return on Equity	8.68%
Return on Capital Employed (ROCE)	8.39%
EBITDA Margin	71.19%
PAT Margin	15.18%
Debt to Equity Ratio	2.59

Objectives of the Proceeds

• Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company – ₹20,159.53 million

• Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore – ₹6,713.00 million

• General corporate purposes

Key Financials (in ₹ million)

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	45,234.01	34,814.82	1025.56
Revenue	5617.61	3533.32	–
Profit After Tax	865.44	(0.75)	(10.92)
Reserves and Surplus	9960.65	9519.91	12.79
Total Borrowings	25,864.17	17,451.67	981