Aegis Vopak Terminals IPO Subscribed 2.09 Times on Final Day; QIB Portion Sees Strong Demand
By HDFC SKY | Updated at: May 31, 2025 10:41 PM IST
MUMBAI, May 28, 2025 — The ₹2,800 crore IPO of Aegis Vopak Terminals Limited wrapped up on a strong note today, recording an overall subscription of 2.09 times by the close of bidding at 4:48 PM. The subscription was largely driven by enthusiastic demand from institutional investors, with retail and non-institutional categories showing moderate interest.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | May 26, 2025 |
| Issue Closes | May 28, 2025 |
| Price Band | ₹223 – ₹235 per share |
| Issue Size | ₹2,800 crore (Fresh Issue) |
| Lot Size | 63 shares |
| Listing Exchange | BSE, NSE |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Managers | ICICI Securities, BNP Paribas, IIFL Capital, Jefferies, HDFC Bank |
Final Day Subscription Status (as of 4:48 PM)
- Overall Subscription: 2.09x
- Qualified Institutional Buyers (QIBs): 3.30x
- Foreign Institutional Investors (FIIs): Nearly 10 crore shares
- Mutual Funds & Domestic Institutions: Over 1 crore shares
- Non-Institutional Investors (NIIs): 0.56x
- High Net-Worth Individuals (above ₹10 lakh): 0.57x
- ₹2–10 lakh segment: 0.53x
- Retail Individual Investors (RIIs): 0.76x
- Bids at cut-off price: 83.3 lakh shares
- Total retail bids: 95.74 lakh shares
Total Bids Received: 14.42 crore shares vs 6.90 crore shares on offer.
Key Insights
Institutional backing proved pivotal, particularly from Foreign Institutional Investors (FIIs) and other Qualified Institutional Buyers (QIBs), reflecting solid confidence in the company. Retail response picked up compared to earlier days but remained below full subscription. Non-institutional participation was also underwhelming. Market sentiment in the grey market, if available, may mirror this mixed trend among investor categories.
What’s Next?
The basis of allotment is likely to be finalised early next week, with the stock expected to debut on NSE and BSE soon after. Backing from QIBs and a respectable oversubscription level set the stage for a steady listing.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
