Latest news with #AVTL
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Business Standard
3 days ago
- Business
- Business Standard
Aegis Vopak Terminals shares make muted D-Street debut, list at 6% discount
Aegis Vopak Terminals listing today: Shares of Aegis Vopak Terminals made a negative debut on Dalal Street on Monday, June 2, 2025. The company's shares listed at ₹220 on the BSE, reflecting a discount of 6.3 per cent over the issue price of ₹235. The listing price of Aegis Vopak was below grey market estimates. Ahead of the listing, unlisted shares of Aegis Vopak Terminals were trading at the discounted price of ₹234, according to sources tracking unofficial markets. Check Scoda Tubes IPO allotment status Aegis Vopak Terminals IPO details Aegis Vopak Terminals IPO received a muted response from investors, with the issue oversubscribed by only 2.09 times. The portion reserved for Qualified institutional buyers (QIBs) was subscribed by 3.3 times, Retail investors' portion was subscribed 77 per cent, and non-institutional investors (NIIs) at 56 per cent. The ₹2,800-crore mainline IPO was an entire fresh issue of 119.1 million equity shares. The company set the IPO price band in the range of ₹233 to ₹235. The public issue opened for subscription on Monday, May 26, 2025, and closed on Wednesday, May 28, 2025. MUFG Intime India, formerly Link Intime, is the registrar of the issue. ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank are the book-running lead managers of the Aegis Vopak Terminals IPO. According to the Red Herring Prospectus (RHP), the company proposes to utilise the net proceeds for the repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company, and funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. The company will use the remaining funds for general corporate purposes. About Aegis Vopak Terminals Incorporated in 2013, Aegis Vopak Terminals (AVTL) owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products. The company provides safe storage and related infrastructure for products like petroleum, vegetable oils, lubricants, chemicals, and gases such as propane and butane. As of June 30, 2024, AVTL manages a total storage capacity of around 1.50 million cubic meters for liquid products and 70,800 metric tons (MT) for LPG.
Mint
3 days ago
- Business
- Mint
Weak Debut! Aegis Vopak Terminals shares list at ₹220, a discount of 6.38% from IPO price
Aegis Vopak Terminals IPO listing: Shares of Aegis Vopak Terminals IPO made a weak debut on the bourses on Wednesday, May 28, as they listed at ₹ 220 on NSE and BSE, a discount of 4.38 percent over the issue price of ₹ 235. The IPO, valued at ₹ 2,800 crore, was open for subscription from May 26 to May 28. The IPO concluded on an weak note, receiving bids amounting to 2.20 times the shares on offer over the three-day bidding period. A total of 14.43 crore shares were bid for, compared to the 6.55 crore shares available. The retail investor portion wasn't fully subscribed and was bid 0.81 times in the three days of bidding, while the non-institutional investor (NII) category also saw a subscription of just 0.41 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 3.47 times. Aegis Vopak Terminals IPO was a completely fresh issue comprising 11.91 shares, with no offer-for-sale component. The minimum application size was set at 63 shares, requiring a minimum investment of ₹ 14,049 from retail investors. Before the public offering, the company secured ₹ 1,260 crore through anchor investors. Aegis Vopak Terminals Limited (AVTL), a third-party owner and operator of tank storage terminals, is looking to raise ₹ 2,800 crore through a fresh issue of 11.91 crore equity shares. The company plans to utilise the net proceeds from the offering primarily to repay or prepay certain outstanding borrowings. A portion of the funds will also be allocated towards capital expenditure, specifically for the contracted acquisition of a cryogenic LPG terminal located in Mangalore. Additionally, part of the proceeds will be set aside for general corporate purposes. ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Jefferies India Private Limited, HDFC Bank Limited are the book running lead managers of the Aegis Vopak Terminals IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue. Established in 2013, Aegis Vopak Terminals was established as a joint venture between Aegis Logistics Limited and Vopak India BV. It is a significant player in India's liquid and gas storage infrastructure segment. The company specializes in owning and operating terminals that offer secure storage solutions for liquefied petroleum gas (LPG) and a wide range of liquid products. AVTL's services cater to a diverse portfolio that includes petroleum derivatives, vegetable oils, industrial chemicals, lubricants, and gases such as propane and butane. With a strong emphasis on safety and operational efficiency, the company plays a vital role in the supply chain for multiple industries. As of June 30, 2024, AVTL managed an impressive total storage capacity of approximately 1.50 million cubic meters for liquid products, alongside 70,800 metric tons (MT) of LPG storage—underscoring its scale and capability in supporting India's energy and industrial sectors. Aegis Vopak Terminals Limited (AVTL) reported revenue from operations of ₹ 3,533.32 million in FY23, which rose to ₹ 5,617.61 million in FY24. For the nine-month periods ended December 31, 2023 and December 31, 2024, revenue stood at ₹ 3,754.19 million and ₹ 4,641.81 million, respectively. The company's EBITDA also witnessed robust growth, rising from ₹ 2,319.61 million in FY23 to ₹ 4,058.97 million in FY24. During the nine months ended December 31, 2023 and 2024, EBITDA was reported at ₹ 2,569.19 million and ₹ 3,533.60 million, respectively. Correspondingly, the EBITDA margin expanded from 65.16 percent in FY23 to 71.19 percent in FY24, while margins for the nine-month periods stood at 67.49 percent and 74.21 percent, respectively.
Reuters
3 days ago
- Business
- Reuters
Vopak and Aegis' joint venture starts trading on Indian stock exchanges
June 2 (Reuters) - Dutch tank storage group Vopak ( opens new tab said on Monday its Indian joint venture, Aegis Vopak (AVTL), has successfully completed its initial public offering (IPO). The transaction will result in an exceptional dilution gain of around 110 million euros ($125.1 million) to be recorded by Vopak in the second quarter, the group said. ($1 = 0.8797 euros)
Yahoo
4 days ago
- Business
- Yahoo
AVTL successfully completed IPO
AVTL successfully completed IPORotterdam, the Netherlands, 02 June 2025 Today, we announce an update regarding the primary equity issue of our joint venture has successfully completed its IPO. The issue price for the IPO was INR 235 per share which is at the top end of the previously announced price band. The size of the primary equity issue is INR 2,800 crore (approximately EUR 290 million). The board of AVTL issued an equivalent of 10.75% of new equity shares. As a result of the issuance of new shares, Vopak's shareholding reduced from 47.31% to 42.23%. AVTL commenced trading today, Monday 2 June 2025, at the National Stock Exchange of India Limited and BSE Limited. Dick Richelle, CEO of Royal Vopak: 'We are very pleased with the successful realisation of AVTL's IPO, a significant milestone reflecting the strong partnership and collaborative spirit between Aegis Logistics and Vopak. The IPO also successfully crystallizes value for Vopak shareholders and strongly supports Vopak's strategy of expanding our portfolio of gas and industrial terminals. With continued investments in critical infrastructure we are helping the world flow forward."The transaction will result in an exceptional dilution gain for Vopak of approximately EUR 110 million to be recorded in Q2 2025 financials. Vopak will host an analysts' presentation with Vopak's CFO, Michiel Gilsing via an on-demand audio webcast on Vopak's corporate website on Monday 2 June 2025 starting at 08:00 CEST. About AVTLAVTL, established as a joint venture of Aegis Logistics Limited and Vopak India BV, is the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas and liquid products in terms of storage capacity, as of December 31, 2024 (Source: CRISIL Report). AVTL, along with its subsidiaries, owns and operates a network of storage tank terminals (LPG and chemicals) across six Indian ports. About Royal VopakRoyal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations. With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage systems, and low-carbon fuels & feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit For more information please contact:Vopak Press: Liesbeth Lans - Manager External Communication - Vopak Analysts and Investors: Fatjona Topciu - Head of Investor Relations- 2025-06-02 Press release AVTL successfully completed IPOError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
4 days ago
- Business
- Mint
Weak Debut! Aegis Vopak Terminals shares list at ₹220, a discount of 6.38% from IPO price
Aegis Vopak Terminals IPO listing: Shares of Aegis Vopak Terminals IPO made a weak debut on the bourses on Wednesday, May 28, as they listed at ₹ 220 on NSE and BSE, a discount of 4.38 percent over the issue price of ₹ 235. The IPO, valued at ₹ 2,800 crore, was open for subscription from May 26 to May 28. The IPO concluded on an weak note, receiving bids amounting to 2.20 times the shares on offer over the three-day bidding period. A total of 14.43 crore shares were bid for, compared to the 6.55 crore shares available. The retail investor portion wasn't fully subscribed and was bid 0.81 times in the three days of bidding, while the non-institutional investor (NII) category also saw a subscription of just 0.41 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 3.47 times. Aegis Vopak Terminals IPO was a completely fresh issue comprising 11.91 shares, with no offer-for-sale component. The minimum application size was set at 63 shares, requiring a minimum investment of ₹ 14,049 from retail investors. Before the public offering, the company secured ₹ 1,260 crore through anchor investors. Aegis Vopak Terminals Limited (AVTL), a third-party owner and operator of tank storage terminals, is looking to raise ₹ 2,800 crore through a fresh issue of 11.91 crore equity shares. The company plans to utilise the net proceeds from the offering primarily to repay or prepay certain outstanding borrowings. A portion of the funds will also be allocated towards capital expenditure, specifically for the contracted acquisition of a cryogenic LPG terminal located in Mangalore. Additionally, part of the proceeds will be set aside for general corporate purposes. ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Jefferies India Private Limited, HDFC Bank Limited are the book running lead managers of the Aegis Vopak Terminals IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue. Established in 2013, Aegis Vopak Terminals was established as a joint venture between Aegis Logistics Limited and Vopak India BV. It is a significant player in India's liquid and gas storage infrastructure segment. The company specializes in owning and operating terminals that offer secure storage solutions for liquefied petroleum gas (LPG) and a wide range of liquid products. AVTL's services cater to a diverse portfolio that includes petroleum derivatives, vegetable oils, industrial chemicals, lubricants, and gases such as propane and butane. With a strong emphasis on safety and operational efficiency, the company plays a vital role in the supply chain for multiple industries. As of June 30, 2024, AVTL managed an impressive total storage capacity of approximately 1.50 million cubic meters for liquid products, alongside 70,800 metric tons (MT) of LPG storage—underscoring its scale and capability in supporting India's energy and industrial sectors. Aegis Vopak Terminals Limited (AVTL) reported revenue from operations of ₹ 3,533.32 million in FY23, which rose to ₹ 5,617.61 million in FY24. For the nine-month periods ended December 31, 2023 and December 31, 2024, revenue stood at ₹ 3,754.19 million and ₹ 4,641.81 million, respectively. The company's EBITDA also witnessed robust growth, rising from ₹ 2,319.61 million in FY23 to ₹ 4,058.97 million in FY24. During the nine months ended December 31, 2023 and 2024, EBITDA was reported at ₹ 2,569.19 million and ₹ 3,533.60 million, respectively. Correspondingly, the EBITDA margin expanded from 65.16 percent in FY23 to 71.19 percent in FY24, while margins for the nine-month periods stood at 67.49 percent and 74.21 percent, respectively. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
