logo
Aegis Vopak IPO sees muted response; subscription lags at 7%, GMP 6%

Aegis Vopak IPO sees muted response; subscription lags at 7%, GMP 6%

Aegis Vopak Terminals IPO subscription status Day 1: The initial public offering (IPO) of Aegis Vopak Terminals opened for subscription today, May 26, 2025. The mainline IPO is receiving a muted response from investors as the issue was subscribed only 7 per cent as of 2 PM on Day 1, according to data from National Stock Exchange (NSE).
The quota reserved for retail investors was subscribed over 14 per cent, followed by qualified institutional buyers (QIBs) at 7 per cent. However, the qualified institutional buyers (QIBs) quota was subscribed only 2 per cent so far.
Aegis Vopak Terminals IPO GMP
On Monday, the unlisted shares of Aegis Vopak Terminals were trading at ₹249.5, commanding a grey market premium (GMP) of ₹14.5 or 6.1 per cent compared to the upper price band of ₹235, according to sources tracking unofficial market activities.
Aegis Vopak Terminals IPO review
Analysts have recommended subscribing to the issue on a long-term basis. According to analysts at SBI Securities, the industry outlook is strong and Aegis Vopak Terminals being the largest player by capacity could be a key beneficiary of industry tailwinds.
"Long-term investors with high-risk appetite may subscribe to the issue, however listing gains are likely to be muted," SBI Securities said in a research note. READ MORE
Aegis Vopak Terminals IPO details
The three-day bidding window will close on Wednesday, May 28, 2025. The basis of the allotment of shares is likely to be finalised on Thursday, May 29, 2025. Shares of Aegis Vopak will be listed on both exchanges, NSE and BSE, tentatively on Monday, June 2, 2025.
The ₹2,800-crore issue comprises a fresh issue of 119.14 million shares. There is no offer for sale (OFS) component. The price band for the Aegis Vopak Terminals IPO is set at ₹223-235 per equity share. Retail investors would require a minimum investment amount of ₹14,049 to bid for one lot comprising 63 shares.
MUFG Intime India, formerly Link Intime, is the registrar of the issue. ICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Bank are the book-running lead managers for the issue.
According to the red herring prospectus (RHP), the company aims to use the net issue proceeds for repayment or prepayment of all or a portion of certain outstanding borrowings and funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. The remaining funds will be used for general corporate purposes.
About Aegis Vopak Terminals
Aegis Vopak Terminals is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It is a joint venture between Aegis Logistics and Royal Vopak. The company has presence over both East and West coasts of India and aims to expand its footprint along the coastal necklace of India. Aegis Vopak caters to marquee names across sectors including traders, manufacturers, chemicals and fuel marketing companies across private and public sectors, as well as local and international businesses.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Protean eGov Tech bags order worth ₹100 cr from Bima Sugam Marketplace
Protean eGov Tech bags order worth ₹100 cr from Bima Sugam Marketplace

Business Standard

timean hour ago

  • Business Standard

Protean eGov Tech bags order worth ₹100 cr from Bima Sugam Marketplace

Protean eGov Technologies has secured a work order worth approximately ₹100 crore from the Bima Sugam India Federation (BSIF) through the request for proposal (RFP) process. As per the terms outlined in the work order, Protean will act as the Technology Solution Provider for the complete development, implementation, support, and maintenance of the Bima Sugam Marketplace. The scope also includes platform integrations and adherence to marketplace protocols. Protean is a public technology firm known for its role in designing, implementing, and managing large-scale digital infrastructure projects for various government entities. 'This engagement further strengthens Protean's role as a trusted technology partner in India's Digital Public Infrastructure (DPI) journey, building on our legacy of enabling critical citizen-centric digital systems at national scale,' the company said in an exchange filing. Q4 financial results In the fourth quarter of FY25, the company reported a consolidated net profit of ₹20 crore, marking a 6 per cent year-on-year increase. Revenue from operations remained steady at ₹222 crore during the same period. For the full financial year, Protean posted consolidated revenue from operations of ₹841 crore, reflecting a 5 per cent decline year-on-year. EBITDA for FY25 stood at ₹149 crore, down from ₹157 crore in FY24. The EBITDA margin was recorded at 16.3 per cent. Promoter divestments and stake sales In November, NSE Investments, classified as a non-promoter, proposed to sell 4,117,303 shares through an offer-for-sale (OFS), representing a 10.16 per cent base offer stake. The OFS was scheduled for 22–25 November, with the floor price set at ₹1,550 per share. On 8 August 2024, Standard Chartered Bank exited its 3.09 per cent stake in Protean through an open market transaction. According to BSE bulk deal data, it sold 1.2 million shares at an average price of ₹1,799.79 per share, totalling ₹224.97 crore. Earlier, on 21 May 2024, HDFC Bank sold its entire 3.20 per cent holding in Protean. The bank offloaded 1,294,326 shares at an average price of ₹1,160.15 per share, generating a transaction value of ₹150.16 crore.

Wipro promoter entities swap 1.93 pc stake worth Rs 5,057 cr
Wipro promoter entities swap 1.93 pc stake worth Rs 5,057 cr

News18

time2 hours ago

  • News18

Wipro promoter entities swap 1.93 pc stake worth Rs 5,057 cr

Last Updated: New Delhi, Jun 9 (PTI) About 20.23 crore shares of Wipro, amounting to a 1.93 per cent stake, were exchanged among promoter group entities through open market transactions on Monday, according to exchange data. Wipro shares rose by 1.09 per cent to close at Rs 251.30 on BSE. The stock closed 1.26 per cent higher at Rs 251.72 apiece on the National Stock Exchange (NSE). According to the block deal data available with the NSE, promoter entity Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. The transaction, valued at around Rs 5,057 crore, was executed at an average price of Rs 250 per share. Meanwhile, Premji Invest through its arm Prazim Trading and Investment Company Pvt Ltd, Hasham Traders and Prazim Traders bought these shares at the same price. Prazim, Zash and Hasham Traders are part of Wipro's promoter group. In November last year, Premji Invest through Prazim Trading and Investment Company purchased 8.49 crore shares or 1.6 per cent stake in Wipro for Rs 4,757 crore, while Prazim and Zash Traders offloaded an equal number of shares in the IT company. PTI HG MR

Sebi Fine Motilal Oswal: Sebi slaps Rs 3 lakh fine on Motilal Oswal Financial Services for violations of stock brokers' norms, ET LegalWorld
Sebi Fine Motilal Oswal: Sebi slaps Rs 3 lakh fine on Motilal Oswal Financial Services for violations of stock brokers' norms, ET LegalWorld

Time of India

time2 hours ago

  • Time of India

Sebi Fine Motilal Oswal: Sebi slaps Rs 3 lakh fine on Motilal Oswal Financial Services for violations of stock brokers' norms, ET LegalWorld

Markets regulator Sebi on Monday imposed a penalty of Rs 3 lakh on Motilal Oswal Financial Services Ltd for violating stock brokers' norms. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The regulator conducted a thematic inspection of Motilal Oswal Financial Services Limited on the theme 'Control over Authorized Persons' for the period from April 2022 to January 2024. In its probe, Sebi found that trading terminals were not found at authorised places. "During inspection, 13 terminals (NSE) were not found at the reported location. Further, on verification of trade data as on 04-03-2024, it was observed that trades have been executed from 5 out of 13 terminals, 9 terminals (BSE) were not found at the reported location, and trades have been executed from 1 terminal," Sebi said. Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETLegalWorld App Get Realtime updates Save your favourite articles Scan to download App During inspection on Verification of terminals (NSE), it was observed that 4 terminals were not operated by approved users to whom the terminals were allocated. Also, it was observed that 4 trading terminals (BSE) were operated by users other than the approved users, it the rule, a stock broker's hall will be liable for a monetary penalty in respect of extending the use of trading terminals to any unauthorised person or Sebi noted that Motilal Oswal Financial Services had conducted the onsite inspection of two APs (Authorised Persons) and had submitted the inspection report to BSE and NSE. However, it failed to identify fund-based activities during AP inspection and did not report fund-based activities between AP and the client to NSE in the MIS (Margin Intraday Square off) Oswal Financial Services' AP -- Triventure Services -- had fund-based relationships with 36 registered clients, wherein 18.31 crore have been received and payments amounting to Rs 1.24 crore have been made. In case of another AP -- Merit Capital Market Services, 99 clients' transactions were observed out of total transactions with 228 entities, amounting to Rs 5.69 crore payment to clients and Rs 5.06 crore received from clients."Both the APs had a fund-based relationship with the clients. Thus noticee (Motilal Oswal Financial Services) did not ensure that its APs are engaged only in permitted activities and are not undertaking any business which are disallowed under the Byelaws, Rules & Regulations and circulars of Sebi/exchanges," Sebi said in its such activities, Motilal Oswal Financial Services violated stock brokers' rules and accordingly imposed a penalty of Rs 3 lakh for the violations. PTI

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store