Aegis Vopak Terminals Shares Listed with Over 6% Discount Against Issue Price

On Monday, June 02, 2025, Aegis Vopak Terminals shares were listed at ₹220 per share on both the NSE and BSE, indicating a 6.38% discount to its issue price of ₹235 per share.

Aegis Vopak Terminals IPO Details

The company’s ₹2,800 crore initial public offering (IPO) was open for subscription between May 26 and May 28, with shares priced in the band of ₹223 to ₹235. Aegis Vopak is a subsidiary of Aegis Logistics, a listed logistics firm, which revised the IPO size down from ₹3,500 crore to ₹2,800 crore ahead of the launch.

The offer comprised a complete fresh issue of 11.91 crore equity shares, with no offer-for-sale component. The funds raised will be primarily allocated towards debt reduction and capital expenditure, including the acquisition of a cryogenic LPG terminal in Mangalore under an existing contract.

Ahead of the IPO, the company raised ₹1,260 crore from 32 anchor investors. This included participation from prominent global investment firms such as Goldman Sachs, Nomura Trust & Banking Co., Aberdeen Standard SICAV I – Indian Equity Fund (Scotland), and TOCU Europe III S.A R.L

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About Aegis Vopak Terminals Limited

Founded in 2013, Aegis Vopak Terminals is a joint venture between Aegis Logistics and Vopak India BV, a subsidiary of Royal Vopak, the Netherlands-based global tank storage leader. The company offers storage and handling services for a range of liquids and gases, including petroleum products, chemicals, lubricants, vegetable oils, and LPG.

With a strong footprint in the sector, Aegis Vopak is India’s largest third-party operator and owner of storage terminals for LPG and liquid products.

In FY24, the company reported a revenue of ₹154 crore, up from ₹114 crore in the previous fiscal. Net profit also witnessed a significant jump, reaching ₹25.78 crore compared to ₹7.32 crore the year before. However, as of September 2024, total borrowings stood at ₹2,546.68 crore.

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