Aegis Vopak Terminals IPO

About Aegis Vopak Terminals IPO

Aegis Vopak Terminals is launching its IPO through the book building process, aiming to raise ₹3,500 crore. This public issue is completely a fresh offering of 14.89 crore equity shares. The IPO will open for subscription from May 26 to May 28, 2025. 

The allotment is likely to be finalised on May 29, 2025, and the shares are expected to be listed on BSE and NSE by June 2, 2025. The price band for the IPO is ₹223 to ₹235 per share. Retail investors need to apply for at least one lot of 63 shares, requiring a minimum investment of ₹14,049. 

To increase the chances of allotment, bidding at the cutoff price, which totals ₹14,805, is recommended. For sNII investors, the minimum application size is 14 lots (882 shares) amounting to ₹2,07,270, while bNII investors must apply for at least 68 lots (4,284 shares) costing ₹10,06,740.

ICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Bank are acting as book running lead managers. Link Intime India Private Ltd is the IPO registrar. Investors can refer to the DRHP for full details.

Industry Outlook

1. India’s primary energy supply reached 39.0 exajoules in 2023, growing at a CAGR of 3.6% between 2018 and 2023, well above the global average of 1.4%. An exajoule (EJ) is used to measure very large amounts of energy, like the total energy a country uses in a year. For example, 1 EJ is roughly equal to the energy in about 24 million tonnes of oil.
2. LPG consumption has grown at a robust CAGR of 7.3% between Fiscal 2014 and 2024, increasing its share in the energy basket from 2.9% to 3.7%. This rising consumption trend enhances the need for LPG handling and storage capacities.
3. Fossil fuels continue to dominate India’s energy mix, with coal at 59.3% and oil at 29% as of Fiscal 2023. With fossil fuels supplying 95% of total energy needs, the demand for storage and handling terminals remains high, creating long-term growth opportunities for companies like Aegis Vopak Terminals.

Aegis Vopak Terminals IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company plans to use a part of the funds to repay or prepay certain outstanding borrowings, helping reduce the company's debt burden.
2. Funds will also be directed towards capital expenditure for acquiring a cryogenic LPG terminal in Mangalore, supporting business expansion.
3. The remaining funds will be used for general corporate purposes.

About Aegis Vopak Terminals Limited 

Aegis Vopak Terminals Limited is the largest third-party tank storage operator in India for liquified petroleum gas (LPG) and liquid products, based on storage capacity as of June 30, 2024 (Source: CRISIL Report). The company operates a vast network of terminals across five key ports on both the West and East coasts of India. 

These terminals together manage approximately 23% of India’s liquid imports and 61% of total LPG import volumes. The company’s infrastructure includes around 1.50 million cubic meters of storage capacity for liquid products and 70,800 metric tons of static capacity for LPG. 

Its facilities support the storage and movement of a wide range of products such as petroleum, vegetable oils, lubricants, chemicals, and LPG, including propane and butane. 

The terminals are equipped with self-owned pipelines, firefighting systems, jetty connections, and multiple modes of evacuation including road, rail, ship, and pipelines.

Aegis Vopak Terminals operates in two major segments—Gas Terminal Division and Liquid Terminal Division. The gas division focuses on LPG handling, while the liquid division manages over 30 types of chemicals and more than 10 types of edible and non-edible oils. 

With 2 LPG terminals and 16 liquid terminals, the company plays a key role in India's coastal and international trade.

How To Check the Allotment Status of Aegis Vopak Terminals IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Aegis Vopak Terminals IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Aegis Vopak Terminals IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Aegis Vopak Terminals IPO 

Registered office: 502, Skylon, G.I.D.C, Char Rasta, Vapi, Valsad–396 195, Gujarat, India

Phone: +91 22 41936666

E-mail:secretarial@aegisindia.com

Aegis Vopak Terminals IPO Reservation

Aegis Vopak Terminals IPO Lot Size

Aegis Vopak Terminals IPO Promoter Holding

The promoters of the company are Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum INC, Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Aegis Vopak Terminals IPO

Note: Pre-IPO EPS is based on shareholding before the issue and FY24 earnings as of March 31, 2024, from the RHP. Post-Issue EPS is based on post-issue shareholding and annualised earnings as of June 30, 2024, from the RHP.

Aegis Vopak Terminals IPO Prospectus

• Aegis Vopak Terminals IPO DRHP

Aegis Vopak Terminals IPO Registrar and Lead Managers

Aegis Vopak Terminals IPO Lead Managers

• ICICI Securities Limited
• Bnp Paribas
• Iifl Securities Limited
• Jefferies India Private Limited
• Hdfc Bank Limited

Registrar for Aegis Vopak Terminals IPO

Link Intime India Private Limited

• Contact Number: +91-22-4918 6270
• Email Address: aegisvopak.ipo@linkintime.co.in

Aegis Vopak Terminals IPO Registrar