Latest news with #AegisLogistics
Business Standard
3 days ago
- Business
- Business Standard
Aegis Vopak Terminals slips on debut
Shares of Aegis Vopak Terminals were currently trading at Rs 228.95 at 10:14 IST on the BSE, representing a discount of 2.57% compared with the issue price of Rs 235. The scrip was listed at Rs 220, exhibiting a discount of 6.38% to the issue price. So far, the stock has hit a high of 235.75 and a low of 220. On the BSE, over 6.57 lakh shares of the company were traded in the counter so far. The initial public offer of Aegis Vopak Terminals was subscribed 2.09 times. The issue opened for bidding on 26 May 2025 and it closed on 28 May 2025. The price band of the IPO is fixed between Rs 223 and 235 per share. The offer comprised a fresh issue of up to 119,148,936 equity shares at the upper price band of Rs 235 and 125,560,538 equity shares at the lower price band of Rs 223, aggregating to Rs 2,800 crore. The company will use the IPO proceeds to repay borrowings worth Rs 2,015.95 crore, fund Rs 671.3 crore towards acquiring a cryogenic LPG terminal at Mangalore, and for general corporate purposes. As of 31 March 2025, total borrowings stood at Rs 2,474.17 crore. The Mangalore terminal, with a total capex of Rs 968 crore, is expected to commence operations by June 2025. The project is being developed by Sea Lord Containers, a wholly owned subsidiary of Aegis Logistics and part of the promoter group. Ahead of the IPO, Aegis Vopak Terminals on Friday, 23 May 2025, raised Rs 1,259.99 crore from anchor investors. The board allotted 53,617,021 shares at Rs 235 each to 32 anchor investors. Aegis Vopak Terminals is India's largest third-party tank storage operator for LPG and liquid products, with a total capacity of 1.5 million cubic meters for liquids and 70,800 tonnes for LPG as of 31 December 2024. The company accounts for approximately 11.5% of Indias total LPG static storage capacity and 25.5% of third-party liquid storage capacity. Aegis Vopak is a joint venture between Aegis Logistics (50.1%) and Vopak India BV (47.4%), part of Dutch-based Royal Vopak, a global leader in tank storage with 77 terminals in 23 countries. The company is expanding LPG storage capacity to 200,800 tonnes by FY26 and recently added 101,900 cubic meters of liquid storage at its JNPA terminal in Navi Mumbai. The firm reported a consolidated net profit of Rs 85.8910 crore and total income of Rs 464.18 crore for the nine months ended on 31 December 2024.
Yahoo
3 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
Time of India
3 days ago
- Business
- Time of India
Aegis Vopak Terminals IPO listing today: All eyes on debut as GMP signals muted interest
Aegis Vopak Terminals is set to make its stock market debut on June 2 after closing its Rs 2,800 crore IPO with moderate interest from investors. The issue was subscribed 2.09 times overall, with stronger demand from qualified institutional buyers (QIBs), but relatively softer participation from retail and high-net-worth investors. The listing will take place on both the NSE and BSE. Ahead of its debut, the grey market premium (GMP) for Aegis Vopak Terminals stands at Rs -1, indicating a potential listing around Rs 234 — just below the IPO's upper price band of Rs 235. This suggests a muted to flat listing is likely, despite the company's strong position in India's port-based storage infrastructure segment. The IPO, which was entirely a fresh issue of 11.91 crore shares, received bids for 14.43 crore shares against 6.90 crore shares on offer. The QIB portion was subscribed 4.34 times, while the NII and retail segments were subscribed just 0.32 and 0.70 times, respectively. The low enthusiasm from non-institutional investors is being closely watched, especially in light of the tepid GMP. Aegis Vopak Terminals is a joint venture between Aegis Logistics and Royal Vopak of the Netherlands. The company operates LPG and liquid storage terminals across five key ports in India—Haldia, Kochi, Mangalore, Pipavav, and Kandla—with a combined capacity of 1.50 million cubic meters for liquids and 70,800 MT for LPG. It plays a critical role in India's energy logistics chain, handling products like petroleum, chemicals, edible oils, and industrial gases. In terms of financials, the company reported a net profit of Rs 85.89 crore for the nine months ending December 2024, on revenue of Rs 476.15 crore. Its return on equity stood at 8.68% and PAT margin at 15.18%, indicating healthy operational efficiency. IPO proceeds are earmarked for debt repayment and funding the acquisition of a cryogenic LPG terminal in Mangalore, alongside general corporate use. While the fundamentals of the business remain sound and long-term prospects appear promising, the near-zero GMP reflects cautious short-term sentiment. Investors will be watching closely for whether the stock can hold its issue price and build momentum post-listing. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Business Standard
6 days ago
- Business
- Business Standard
Aegis Vopak Terminals IPO ends with 2.09x subscription
The offer received bids for 14.43 crore shares as against 6.90 crore shares on offer. The initial public offer of Aegis Vopak Terminals received bids for 14,43,72,942 shares as against 6,90,58,296 shares on offer. The issue was subscribed 2.09 times. The Qualified Institutional Buyers (QIBs) category was subscribed 3.30 times. The Retail Individual Investors (RIIs) category was subscribed 0.77 times. The Non-Institutional Investors (NIIs) category was subscribed 0.56 times. The issue opened for bidding on 26 May 2025 and it closed on 28 May 2025. The price band of the IPO is fixed between Rs 223 and 235 per share. The offer comprised a fresh issue of up to 119,148,936 equity shares at the upper price band of Rs 235 and 125,560,538 equity shares at the lower price band of Rs 223, aggregating to Rs 2,800 crore. The company will use the IPO proceeds to repay borrowings worth Rs 2,015.95 crore, fund Rs 671.3 crore towards acquiring a cryogenic LPG terminal at Mangalore, and for general corporate purposes. As of 31 March 2025, total borrowings stood at Rs 2,474.17 crore. The Mangalore terminal, with a total capex of Rs 968 crore, is expected to commence operations by June 2025. The project is being developed by Sea Lord Containers, a wholly owned subsidiary of Aegis Logistics and part of the promoter group. Ahead of the IPO, Aegis Vopak Terminals on Friday, 23 May 2025, raised Rs 1,259.99 crore from anchor investors. The board allotted 53,617,021 shares at Rs 235 each to 32 anchor investors. Aegis Vopak Terminals is India's largest third-party tank storage operator for LPG and liquid products, with a total capacity of 1.5 million cubic meters for liquids and 70,800 tonnes for LPG as of 31 December 2024. The company accounts for approximately 11.5% of Indias total LPG static storage capacity and 25.5% of third-party liquid storage capacity. Aegis Vopak is a joint venture between Aegis Logistics (50.1%) and Vopak India BV (47.4%), part of Dutch-based Royal Vopak, a global leader in tank storage with 77 terminals in 23 countries. The company is expanding LPG storage capacity to 200,800 tonnes by FY26 and recently added 101,900 cubic meters of liquid storage at its JNPA terminal in Navi Mumbai. The firm reported a consolidated net profit of Rs 85.8910 crore and total income of Rs 464.18 crore for the nine months ended on 31 December 2024.
Business Standard
28-05-2025
- Business
- Business Standard
Aegis Vopak Terminals IPO subscribed 2.09x
The offer received bids for 14.43 crore shares as against 6.90 crore shares on offer. The initial public offer of Aegis Vopak Terminals received bids for 14,43,70,485 shares as against 6,90,58,296 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (28 May 2025). The issue was subscribed 2.09 times. The issue opened for bidding on 26 May 2025 and it will close on 28 May 2025. The price band of the IPO is fixed between Rs 223 and 235 per share. An investor can bid for a minimum of 63 equity shares and in multiples thereof. The offer comprises a fresh issue of up to 119,148,936 equity shares at the upper price band of Rs 235 and 125,560,538 equity shares at the lower price band of Rs 223, aggregating to Rs 2,800 crore. The company will use the IPO proceeds to repay borrowings worth Rs 2,015.95 crore, fund Rs 671.3 crore towards acquiring a cryogenic LPG terminal at Mangalore, and for general corporate purposes. As of 31 March 2025, total borrowings stood at Rs 2,474.17 crore. The Mangalore terminal, with a total capex of Rs 968 crore, is expected to commence operations by June 2025. The project is being developed by Sea Lord Containers, a wholly owned subsidiary of Aegis Logistics and part of the promoter group. Ahead of the IPO, Aegis Vopak Terminals on Friday, 23 May 2025, raised Rs 1,259.99 crore from anchor investors. The board allotted 53,617,021 shares at Rs 235 each to 32 anchor investors. Aegis Vopak Terminals is India's largest third-party tank storage operator for LPG and liquid products, with a total capacity of 1.5 million cubic meters for liquids and 70,800 tonnes for LPG as of 31 December 2024. The company accounts for approximately 11.5% of Indias total LPG static storage capacity and 25.5% of third-party liquid storage capacity. Aegis Vopak is a joint venture between Aegis Logistics (50.1%) and Vopak India BV (47.4%), part of Dutch-based Royal Vopak, a global leader in tank storage with 77 terminals in 23 countries. The company is expanding LPG storage capacity to 200,800 tonnes by FY26 and recently added 101,900 cubic meters of liquid storage at its JNPA terminal in Navi Mumbai. The firm reported a consolidated net profit of Rs 85.8910 crore and total income of Rs 464.18 crore for the nine months ended on 31 December 2024.
