
Aegis Vopak Terminals IPO Listing Today: Here's What GMP, Analysts Say Ahead Of Market Debut
Aegis Vopak Terminals IPO Listing Today: After three days of bidding, Aegis Vopak Terminals is set to make its stock market debut on Monday, June 2, with listings on both the BSE and NSE. The IPO, which ran from May 26 to May 28, saw a muted response overall, with a subscription rate of 2.09 times. The offering was solely a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223-Rs 235 per share.

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Time of India
28 minutes ago
- Time of India
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bengaluru-based logistics tech company Zinka Logistics Solutions , popularly known as BlackBuck, witnessed a block deal on Tuesday. A group of marquee institutional investors picked up stakes, while existing investor Peak XV Partners pared down its holding. The total block deal value is around Rs 302 to data from the stock exchanges, nearly 59 lakh shares changed hands. Among the buyers were global institutional names such as Abu Dhabi Investment Authority (ADIA), ICICI Prudential Mutual Fund, and Massachusetts Institute of Technology (MIT).ADIA purchased 23,02,574 shares at a price of Rs 420 per share. ICICI Prudential Mutual Fund acquired 11,42,856 shares at the same price, while MIT picked up the largest chunk -- 24,65,945 shares -- at Rs 420 per the sell side, Peak XV Partners Investments VI offloaded 12,10,588 shares at a higher price of Rs 444.71 per share, likely booking gains on their earlier of the latest available data, promoters held 27.7% of Zinka, while the public held 72.3%. Foreign investors made up a large chunk of the public shareholding, with several high-profile names such as Tribe Capital, Sands Capital, Accel, and B Capital featuring on the largest public shareholder was Quickroutes International, holding over 9% stake. Among mutual funds, SBI Technology Opportunities Fund held 6.62%, while Bandhan Core Equity Fund and Invesco India Contra Fund held smaller Logistics is one of India's leading tech-driven logistics platforms specializing in full-truck load (FTL) freight. Founded in 2015, the company has transformed the traditional trucking ecosystem by digitizing operations for both fleet owners and its mobile and web-based solutions, Zinka connects truckers with businesses in real-time, offering seamless booking, GPS-based tracking, digital payments, and documentation. The platform serves a wide range of industries including FMCG, manufacturing, and e-commerce, providing reliable long-haul transportation across company also assists truckers with services like fuel cards, insurance, and toll management, aiming to improve their efficiency and reduce idle time.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Hans India
34 minutes ago
- Hans India
Carlyle Group offloads 2.6% in Yes Bank for ₹1,775 Cr; stock slides over 10%
In a major open market transaction on Tuesday, U.S.-based private equity firm Carlyle Group, through its affiliate CA Basque Investments, sold a 2.6% stake in Yes Bank worth ₹1,775 crore. The transaction involved the offloading of 82 crore shares at a price range of ₹21.61 to ₹21.68 apiece on the NSE and BSE. This stake reduction has brought Carlyle's holding in the Mumbai-based private sector bank down from 6.84% to 4.22%. Despite this high-value transaction, Yes Bank's shares took a hit — falling 10.40% to ₹20.85 on the BSE and 10.01% to ₹20.95 on the NSE. The sale comes shortly after State Bank of India (SBI) and seven other banks announced their intent to divest a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for ₹13,483 crore — the largest cross-border deal in Indian banking to date. Of this, SBI will offload 13.19% of its holdings for ₹8,889 crore, reducing its stake from 24% to just over 10%. The remaining 6.81% will be divested by Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank, amounting to ₹4,594 crore. SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG) — Japan's second-largest banking group with $2 trillion in assets — will emerge as the single-largest shareholder of Yes Bank post-transaction. Meanwhile, Yes Bank continues to show robust financials. For Q4 FY25, the bank reported a 63% jump in standalone net profit at ₹738 crore, compared to ₹451.9 crore in Q4 FY24. Annual net profit for FY25 more than doubled to ₹2,406 crore from ₹1,251 crore a year earlier.


Mint
37 minutes ago
- Mint
MSEI investors uncertain about their bet after Sebi expiry day rule
Broking firms and their founders who backed Metropolitan Stock Exchange of India (MSEI) are uncertain about the fate of their investments after the market regulator limited the weekly expiry of index options to two days, according to executives at two of the four companies. However, these investors have no immediate plan to divest their stakes in MSEI, the executives said on the condition of anonymity. Groww's parent Billionbrains Garage Ventures Pvt; Rainmatter Investments, backed by the Kamath brothers of Zerodha; Share India Securities Ltd; and Securocorp Securities India Pvt Ltd had purchased a combined 19.84% stake in the exchange for ₹238 crore on 24 December last year. The investments were made before Sebi's consultation paper of 27 March seeking public comments on its proposal to limit the weekly option expiry days. On 26 May, Sebi's circular–titled Final Settlement Day (Expiry Day) for Equity Derivatives Contracts–curtailed the expiries for hugely popular index options to Tuesday and Thursday every week. Read more: A loophole lets retail investors bid for some small-business IPOs The investors purchased the stake assuming that Sebi would let each exchange launch index options on one day of their choice every week, per a 1 October circular last year mandating a single expiry per exchange per week, among other things, the executives quoted earlier said. However, Sebi's circular last month mandating two days of expiry for multiple exchanges means that MSEI will be locked in a fight for market share with either BSE Ltd or the National Stock Exchange when Sebi approves a weekly expiry for the bourse. NSE had a three-month rolling market share of 80% in equity options (index plus stock options' premium turnover) as on 30 April, with BSE accounting for the rest, according to NSE data. 'The latest regulation on final expiry day will impact the MSEI plan to gain traction through the weekly expiry option, given the competition the bourse will face from the established exchanges as and when it gets regulatory approval for such a contract," said the first executive quoted earlier. 'This, in turn, will make the fate of our investment uncertain. But, we will not sell our stake because of this new rule as we typically invest for the long term. We will wait and see." 'We are staring at uncertainty over our investment in the exchange," said the second executive. 'When we invested, the idea was that we could have our tailored contracts traded on days there are no expiry from BSE or NSE to differentiate ourselves. But, if our contracts are forced to have expiry on the same day as any of the big exchanges, our derivative products will be a non-starter. It's kind of unfair for Sebi to leave us with little option." Queries emailed to the four investors and MSEI on their plans ahead went unanswered. A Sebi official, too, was unavailable for comment until press time. Renewal of recognition The problems of revival for MSEI come ahead of the exchange's renewal of its recognition by Sebi on 15 September this year. The exchange gets a renewal every year. Of the six Sebi-recognised exchanges, MSEI is the only one that hasn't received permanent recognition from the regulator. The ones permanently recognized by Sebi are NSE, BSE, NCDEX, MCX and the Calcutta Stock Exchange. Queries emailed to Sebi and MSEI on the reason for its annual renewal went unanswered. MSEI has Sebi permission to offer equity, equity derivatives, currency derivatives (including interest rate futures) and debt. Every exchange requires what's known as a segment approval from Sebi to offer products to investors and traders. Other shareholders of MSEI include 10 trading member banks, which held a combined 10.49% as of 31 March 2025. These include Union Bank of India, State Bank of India, Bank of Baroda, HDFC Bank and Axis Bank. Other well-known shareholders include commodity derivatives bourse MCX (5.53%) and co-founder of Enam Holdings Nemish Shah (1.62%). Read more: Only one in five derivative participants trades solely in F&O The bourse offers trading in currency futures, where it had a turnover of ₹2,260 crore against NSE's ₹74328 crore last month, according to Sebi data. There was no trading in equity, equity derivatives and interest derivatives. Shares of MSEI in the unlisted market soared from around ₹2 apiece prior to the stake purchase by the four investors in December to as much as ₹14 in the following weeks before cooling to around ₹8-8.50 currently, according to Narinder Wadhwa, co-founder of SKI Capital Services Ltd.