Aegis Vopak Terminals IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Aegis Vopak Terminals mobilises Rs.1,260 crore from anchor investors ahead of IPO
Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, has raised Rs.1,260 crore from anchor investors, ahead of its initial public offering (IPO) that opens for public subscription next week.
Aegis Vopak Terminals has allotted 5,36,17,021 equity shares to 32 funds at the upper price band of Rs.235 per equity share. This aggregates the transaction size to Rs.1,260 crore.
What is the latest GMP of Aegis Vopak Terminals IPO?
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Aegis Vopak Terminals IPO(Closed on 28 May 2025)Price Rs. 235 Lot 63 shares, Net Rs. 2800.00 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 3.47 | 0.60 | 0.56 | 0.59 | 0.80 | 2.20 |
| Applications: 133672 Note: Flow of retail applications has been weak |
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Aegis Vopak Terminals IPO Allotment link:
https://linkintime.co.in/Initial_Offer/public-issues.html
What are the promoters of Aegis Vopak Terminals IPO?
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.
What are the Objects of Aegis Vopak Terminals IPO?
The company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company.
- Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore.
- General corporate purposes.
What is the business of Aegis Vopak Terminals?
Empowering Energy and Chemical Logistics Since 2013
Established in 2013, Aegis Vopak Terminals Limited (AVTL) is a leading player in India’s bulk liquid and gas logistics sector, specializing in the storage and handling of liquefied petroleum gas (LPG) and a wide array of liquid products. With a sharp focus on safety, reliability, and scale, AVTL plays a critical role in keeping supply chains running for essential commodities.
What it Does
AVTL provides world-class storage infrastructure for:
- LPG products such as propane and butane
- Petroleum products
- Vegetable oils
- Lubricants and chemicals
- Over 30 varieties of industrial chemicals and more than 10 types of edible and non-edible oils
As of June 30, 2024, AVTL operates with a total liquid storage capacity of 1.5 million cubic meters and an LPG storage capacity of 70,800 metric tons (MT)—making it one of the most significant players in India’s terminal infrastructure landscape.
Its Divisions
- Gas Terminal Division
Specializing in LPG storage, this division handles the logistics for critical energy sources including propane and butane. - Liquid Terminal Division
This division manages a wide portfolio of liquid products—ranging from petroleum to specialty chemicals and vegetable oils—across India’s busiest ports.
Its Terminal Network
AVTL’s footprint spans five strategic port locations across India, comprising:
- 2 LPG terminals
- 16 liquid bulk terminals
These are located at:
- Haldia, West Bengal
- Kochi, Kerala
- Mangalore, Karnataka
- Pipavav, Gujarat
- Kandla, Gujarat
Together, these terminals form a critical logistics hub for coastal shipping, imports, and exports, supporting both domestic and global supply chains.
For more information, click http://www.aegisvopak.com/
Prostarm Info Systems IPO GMP, Particulars & Guidance
| Aegis Vopak Terminals IPO Details | |
| IPO opens on | 26 May 2025 |
| IPO closes on | 28 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 119848936 Shares / Rs 2800 Crore |
| * Fresh Issue | 119848936 Shares / Rs 2800 Crore |
| * Offer for Sale | – Shares / Rs _ Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 223-235 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 63 Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (75 %) | 89996702 | 2100 |
| NII (15 %) | 17977340 | 420 |
| RII (10 %) | 11984894 | 280 |
| Employees | ||
| Total Shares | 119848936 | 2800 |
| Retail portion will be oversubscribed by | 190236 Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | 63 Shares | 14805 |
| Max Retail Application | 819 Shares | 192465 |
| Small HNI (Min) application | 882 Shares | 207270 |
| Small HNI (Max) application | 4221 Shares | 991935 |
| Big HNI Application | 4284 Shares | 1006740 |
| What is the timetable of this IPO? | |
| IPO opens on | 26 May 2025 |
| IPO Closes on | 28 May 2025 |
| IPO Allotment on | 29 May 2025 |
| Unblocking of Asba | 30 May 2025 |
| Credit of Shares | 30 May 2025 |
| Listing of Shares | 2 June 2025 |
| Registered Office of the company Aegis Vopak Terminals Limited 502, Skylon, G.I.D.C, Char Rasta, Vapi, Valsad, 396195, Gujarat, India |
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| Who is the Lead Manager of Aegis Vopak Terminals IPO? ICICI Securities Limited Bnp Paribas Iifl Securities Ltd Jefferies India Private Limited Hdfc Bank Limited |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
Aegis Vopak Terminals Financial Information
| Period Ended | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 5,855.60 | 4,523.40 | 3,481.48 | 102.56 |
| Revenue | 476.15 | 570.12 | 355.99 | 0 |
| Profit After Tax | 85.89 | 86.54 | -0.08 | -1.09 |
| Net Worth | 2,037.61 | 1,151.94 | 1,098.20 | -0.53 |
| Reserves and Surplus | 0 | 0 | 0 | 0 |
| Total Borrowing | 2,485.75 | 2,586.42 | 1,745.17 | 98.1 |
| Amount in Rs. Crore | ||||
| Performance Indicators | |
| KPI | Values |
| ROE | 8.68% |
| ROCE | 8.39% |
| Debt/Equity | 2.59 |
| RoNW | 7.51% |
| PAT Margin | 15.18 |
| Price to Book Value | 17.71 |
| EPS | 0.88 |
| PE Ratio | 268.51 |
How Aegis Vopak Terminals IPO compares with the Peers?
Peer Comparison.
| Company Name | P/E (x) | RoNW (%) |
| Aegis Vopak Terminals | 268.51 | 7.51 |
| Adani Ports & SEZ | 37.48 | 15.32 |
| JSW Infrastructure | 49.42 | 14.40 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aegis Vopak Terminals IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Business Summary
Aegis Vopak Terminals is India’s largest third-party owner and operator of tank storage terminals for LPG and liquid products, with a total capacity of 1.50 million cubic meters for liquids and 70,800 MT for LPG (as of Dec 31, 2024). The company contributes approximately 11.5% of India’s LPG static capacity and 25.5% of third-party liquid storage capacity.
Terminals are strategically located across five key ports on India’s West and East coasts, handling 23% of national liquid imports and 61% of LPG imports. Facilities include pipelines, firefighting systems, and evacuation infrastructure by ship, rail, road, and pipeline.
The company operates as a JV between Aegis Logistics Ltd. (India’s largest third-party LPG handler) and Vopak India BV, a subsidiary of Royal Vopak, a global tank storage leader.
Expansion Plans
- LPG Storage Expansion: Additional 130,000 MT LPG capacity expected by FY26 (New Mangalore & Pipavav), bringing total to 200,800 MT.
- Liquid Storage Expansion: Added 101,900 cubic meters at JNPA, Navi Mumbai.
Market Outlook
- LPG: Strong domestic & industrial demand; imports expected to meet 60%+ of demand, CAGR of 6–8% till FY29.
- Chemicals: Sector expected to benefit from manufacturing push, raising GDP contribution to 20% by 2030.
- Ammonia & Hydrogen: Demand for ammonia import terminals and green energy (ammonia, hydrogen) storage poised to rise under national hydrogen policy.
Strengths
- Market leader in third-party storage (LPG & liquid).
- Strategically located terminals at high-import volume ports.
- Proven execution and expansion track record.
- Backed by reputed promoters with global and domestic expertise.
Financials & Valuation
- FY24 Net Profit: Rs.86.54 Cr; 9M FY25 Profit: Rs.85.89 Cr.
- IPO proceeds to retire Rs.2015 Cr in debt; expected to save ~Rs.150 Cr annually post-tax.
- Projected FY26 EPS: Rs.2.40–2.60 on expanded equity.
- IPO Valuation: P/E of 90–98x – appears expensive but justified by strong growth and sector positioning. Investment View:
While near-term valuation may seem high, Aegis Vopak Terminals offers strong long-term potential backed by market leadership, expansion plans, and tailwinds from rising LPG, chemical, and green energy demand. Suitable for long-term investors.
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