IPO

Aegis Vopak Terminals Limited IPO

Mainboard

Oil Storage & Transportation

Listed On: Jun 2, 2025 at ₹ 220.0(NSE)

₹ 14805 /63 Shares

Check Allotment

26 May, 2025

Open Date

28 May, 2025

Close Date

29 May, 2025

Allotment Date

02 Jun, 2025

Listing Date
Price Summary

Last Closing

276.15 (17.51%)

52 Week High

302.00

52 Week Low

220.00

Last Update

3-Nov-2025 3:30 PM
Aegis Vopak Terminals IPO Issue Details
  • Issue Price ₹223-235 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 11,91,48,936 shares(aggregating up to ₹2800 crore)
  • Fresh Share 11,91,48,936 shares(aggregating up to ₹2800 crore)
  • Listing at BSE, NSE
  • List Price 220.0(NSE)
  • Listing Date 2025-06-02
  • Lead Manager ICICI Securities Limited
    Bnp Paribas
    Iifl Securities Ltd
    Jefferies India Private Limited
    Hdfc Bank Limited
  • Registrar MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Market Lot Size

Investors can bid for a minimum of 63 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 163₹14,805
Retail(max)13819₹1,92,465
SHNI(min) 14882₹2,07,270
SHNI(max) 674,221₹9,91,935
BHNI(min) 684,284₹10,06,740
Aegis Vopak Terminals IPO Reservation

Aegis Vopak Terminals IPO offers total 6,55,31,915 shares. Out of which 3,57,44,681 (54.55%) allocated to QIB, 1,78,72,340 (27.27%) allocated to NII,1,19,14,894 (18.18%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
QIB Shares Offered3,57,44,681 (54.55%)
NII (HNI) Shares Offered1,78,72,340 (27.27%)
bNII < ₹10L1,19,14,894 (18.18%)
sNII < ₹10L59,57,447 (9.09%)
Retail Shares Offered1,19,14,894 (18.18%)
Total Shares Offered6,55,31,915 (100%)
Aegis Vopak Terminals IPO Documents
DRHP
RHP
ANCHOR
Aegis Vopak Terminals IPO Details


Aegis Vopak Terminals IPO is a book-built issue of ₹2800 crores, The total issue size is ₹2800 crores. The IPO of Aegis Vopak Terminals is priced at ₹223-235 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 26, 2025 and ends on May 28, 2025. The allotment for Aegis Vopak Terminals IPO will be finalized on May 29, 2025. Aegis Vopak Terminals IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 2, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the issue.

Retail investors can bid for a minimum of 63 shares, extendable to 14,805. S-HNIs will be able to bid for 882 shares at ₹2,07,270, while B-HNIs can also apply for a bid of 4,284 shares at ₹10,06,740. The book-running lead manager for the IPO is/are ICICI Securities Limited, Bnp Paribas, Iifl Securities Ltd, Jefferies India Private Limited, Hdfc Bank Limited.

The total issue ₹2800 crore, comprising a fresh issue of 11,91,48,936 shares ₹2800 crore
The Aegis Vopak Terminals IPO sets its price band at 223-235 for each share. A single application for Aegis Vopak Terminals Limited IPO must contain at least 63 shares. Sentiment investors need to invest a minimum of 63 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,805 In order to participate in the sNII, investors must purchase at least 14 lots of 882 shares for ₹2,07,270, while the bNII requires 68 lots of 4,284 shares for an investment of ₹10,06,740.

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Aegis Vopak Terminals IPO Subscription Analysis And Details
Retail
0.77x
QIB
3.30x
NII
0.56x
bNII
0.57x
sNII
0.53x
Total
2.09x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved3,57,44,6811,78,72,340
1,19,14,894    59,57,447		1,19,14,8946,55,31,915
Day 1 26-05-25 05:00 PM
0.39 x0.03
0.02 x   0.04 x		0.19 x0.26 x
Day 2 27-05-25 05:00 PM
0.43 x0.12
0.11 x   0.13 x		0.44 x0.35 x
Day 3 28-05-25 05:00 PM
3.30 x0.56
0.57 x   0.53 x		0.77 x2.09 x
Total No of Applications
1,35,633
Subscription on the basis of Applications
Retail:0.64x BHNI:0.10x SHNI:0.49x
Aegis Vopak Terminals Valuations
EPS Pre IPO ₹0.88/-
EPS Post IPO ₹0.91/-
P/E Pre IPO 268.51
P/E Post IPO 259.32
ROE 8.68%
ROCE 8.39%
Debt/Equity 2.59
RoNW 7.51%
PAT Margin 15.18
Price to Book Value 17.71
Aegis Vopak Terminals Company Financials
In Crs.
In Cr.
31-Dec-2431-Mar-2431-Mar-23
Assets5,855.604,523.43,481.48
Revenue476.15570.12355.99
Profit After Tax85.8986.54-0.08
Net Worth2,037.611,151.941,098.2
Total Borrowing2,485.752,586.421,745.17
About Aegis Vopak Terminals Company

Aegis Vopak Terminals Limited (AVTL) AVTL, incorporated in 2013 and a top Indian company, handles and stores liquefied petroleum gas and several liquid products. AVTL plays a vital role in the nation’s energy and industrial infrastructure with its safe storage of petroleum, vegetable oils, lubricants, chemicals, and gases.

AVTL works in two primary business sectors. Gas Terminal Division responsibilities are to handle and store LPG, including propane and butane, and enable the smooth import and distribution to all parts of the country. Liquid Terminal Division, by comparison, is responsible for petroleum product storage, along with storing over 30 types of industrial chemicals and more than 10 varieties of oils, meeting the diverse needs of many industries through its adaptable security system.

At the end of June 30, 2024, AVTL will handle a significant amount of liquid product storage space of 1.50 million cubic meters and LPG storage of 70,800 metric tons. The company has two LPG terminals and 16 storage terminals for liquids at five large ports throughout India. Ports that are a part of this network are Haldia, Kochi, Mangalore, Pipavav, and Kandla. Coastal shipping, as well as importing and exporting, depend on these terminals, making sure AVTL continues to play a key part in India’s trade and supply.

The growth of the company’s workforce has kept pace with its growing operations. The number of full-time employees on March 31, 2022, was 24, increasing to 316 in 2023 and 396 in 2024. By June 30, 2024, the number of full-time staff was 392. The company’s growth is a result of AVTL’s expanding size and its commitment to running operations well.

Its strong infrastructure, port positions, and skilled workforce make Aegis Vopak Terminals Limited an important part of India’s energy storage and warehousing sector.

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Aegis Vopak Terminals - Promoter(s)

Aegis Logistics Limited

Huron Holdings Limited

Trans Asia Petroleum INC

Asia Infrastructure Investment Limited

Vopak India B.V.

Koninklijke Vopak N.V.

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Aegis Vopak Terminals IPO - Issue Objectives
1

Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company.

2

Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore.

3

General corporate purposes.

Aegis Vopak Terminals IPO - Anchor Investors

Aegis Vopak Terminals IPO: Institutional investors invests Rs 1,260 crore through anchor book.

SmallCap World Fund, American Funds, Aberdeen, Government Pension Fund Global, Nomura Trust, Tocu Europe, and Goldman Sachs were some global investors who became shareholder in the company via anchor book.

Indian institutional investors such as HDFC Mutual Fund, 360 ONE Special Opportunities Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, SBI General Insurance Company, Baroda BNP Paribas MF, and ITI Mutual Fund also invested in the company.

Aegis Vopak Terminals IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Aegis Vopak Terminals Limited10.9113.27N/A7.51N/AConsolidated
Adani Ports And Special Economic Zone Ltd.37.5537.55245.137.4815.32N/AConsolidated
JSW Infrastructure Limited6.015.8841.7749.4214.4N/AConsolidated

Notes:

  1. P/E Ratio computed based on closing market price of equity shares on NSE as on November 14, 2024 divided by diluted EPS for the year ended March 31, 2022.
  2. EV / Operating EBITDA Ratio is computed as market capitalization on NSE on November 14, 2024 plus net debt as on March 31, 2024, divided by Operating EBITDA for Fiscal 2024.
  3. Return on Net Worth attributable to owners (%) = Restated profit attributable to equity holders / Net worth attributable to the Company at period end. It is a non-GAAP measure.
  4. Net Asset Value per Equity Share = Net worth / Weighted average number of equity shares outstanding as at year/period end, adjusted for share subdivisions, treasury shares, and bonus issuance.
Strength
Holds 11.93% of India’s total LPG tank storage capacity.
Controls 26.64% of third-party liquid storage capacity in India.
Operates 18 terminals across 5 ports with strategic presence.
Backed by Aegis and Vopak with strong execution experience.
Weakness
High customer concentration risk with 48.85% revenue from top clients.
Business depends on 42.47% revenue from the oil and gas sector.
Majority terminals on the west coast pose regional concentration risk.
Limited operating history increases uncertainty in evaluating future business prospects.
Contact Details

Aegis Vopak Terminals

502, Skylon, G.I.D.C, Char Rasta, Vapi, Valsad, 396195, Gujarat, India

+91 22 4193 6666

secretarial@aegisindia.com

http://www.aegisvopak.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

aegisvopak.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html