Latest news with #AegisVopakTerminals'
Economic Times
3 days ago
- Business
- Economic Times
Aegis Vopak Terminals IPO allotment: Check status, listing date and GMP
The allotment status for Aegis Vopak Terminals' Rs 2,800 crore initial public offering (IPO) is expected to be finalised today, May 29. The IPO, which was open from May 26 to May 28, garnered healthy interest, being subscribed 2.09 times overall. ADVERTISEMENT Investors who participated in the offer can now check their allotment status through the BSE website or via the registrar Link Intime's portal. The IPO received bids for 14.43 crore shares against 6.90 crore shares on offer. While not a runaway success, the 2.09 times subscription reflects moderate demand from investors, with participation likely driven by the company's strategic positioning in the liquid and gas storage infrastructure space. The qualified institutional buyer (QIB) segment played a crucial role in boosting the final figures, while retail and HNI interest appeared applicants can expect shares to be credited to their demat accounts by May 30. Refunds to those who didn't get allotment will also be initiated on the same day. The stock is expected to list on the BSE and NSE on Monday, June 2. ADVERTISEMENT Visit: 'Equity' and choose 'Aegis Vopak Terminals' from the dropdown. ADVERTISEMENT Enter your application number or 'Search' to check your allotment status. ADVERTISEMENT Visit: 'Aegis Vopak Terminals IPO' from the dropdown. ADVERTISEMENT Enter PAN, application number or DP/client 'Submit' to view Vopak Terminals IPO GMP is muted at Rs 1, indicating an estimated listing price at Rs 236. The will translate to a marginal gain of 0.43% if the current trends IPO was entirely a fresh issue of 11.91 crore shares priced in a range of Rs 223 to Rs 235 per share. Retail investors had to apply for a minimum lot of 63 shares, requiring a minimum investment of Rs 14,805. Aegis Vopak Terminals, a joint venture backed by Aegis Logistics and Vopak, operates 18 terminals across five major ports in India, with over 1.5 million cubic metres of liquid storage capacity and 70,800 MT of LPG storage. The proceeds from the IPO will be used to repay borrowings, fund the acquisition of a cryogenic terminal in Mangalore, and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Aegis Vopak Terminals IPO allotment: Check status, listing date and GMP
Investors who participated in the offer can now check their allotment status through the BSE website or via the registrar Link Intime's portal. Aegis Vopak Terminals' Rs 2,800 crore IPO allotment is expected to be finalized today, following a subscription of 2.09 times. Investors can check their status on the BSE website or through Link Intime. The IPO saw moderate demand, driven by QIB interest, with shares expected to be credited by May 30 and listing on June 2. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to check Aegis Vopak Terminals IPO allotment on BSE: How to Check via Link Intime (Registrar): Tired of too many ads? Remove Ads Aegis Vopak Terminals IPO GMP The allotment status for Aegis Vopak Terminals' Rs 2,800 crore initial public offering (IPO) is expected to be finalised today, May 29. The IPO, which was open from May 26 to May 28, garnered healthy interest, being subscribed 2.09 times who participated in the offer can now check their allotment status through the BSE website or via the registrar Link Intime's IPO received bids for 14.43 crore shares against 6.90 crore shares on offer. While not a runaway success, the 2.09 times subscription reflects moderate demand from investors, with participation likely driven by the company's strategic positioning in the liquid and gas storage infrastructure qualified institutional buyer (QIB) segment played a crucial role in boosting the final figures, while retail and HNI interest appeared applicants can expect shares to be credited to their demat accounts by May 30. Refunds to those who didn't get allotment will also be initiated on the same day. The stock is expected to list on the BSE and NSE on Monday, June Select 'Equity' and choose 'Aegis Vopak Terminals' from the your application number or 'Search' to check your allotment Choose 'Aegis Vopak Terminals IPO' from the PAN, application number or DP/client 'Submit' to view Vopak Terminals IPO GMP is muted at Rs 1, indicating an estimated listing price at Rs 236. The will translate to a marginal gain of 0.43% if the current trends IPO was entirely a fresh issue of 11.91 crore shares priced in a range of Rs 223 to Rs 235 per share. Retail investors had to apply for a minimum lot of 63 shares, requiring a minimum investment of Rs 14, Vopak Terminals, a joint venture backed by Aegis Logistics and Vopak, operates 18 terminals across five major ports in India, with over 1.5 million cubic metres of liquid storage capacity and 70,800 MT of LPG storage. The proceeds from the IPO will be used to repay borrowings, fund the acquisition of a cryogenic terminal in Mangalore, and for general corporate purposes.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
Aegis Vopak Terminals IPO Day 3: Subscription status, GMP trends, price band to review — Should you apply?
GMP narrows sharply IPO details and structure Live Events Should you subscribe? Here's what analysts say Financial snapshot Lead managers (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aegis Vopak Terminals' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.6 times as of 2:44 PM on Wednesday, May institutional buyers (QIBs) drove the bulk of the demand, subscribing to 2.49 times their allocated quota. Retail investors subscribed 69% of their portion, while non-institutional investors (NIIs) bid for 41%. The Rs 2,800 crore offering closes today, with the listing scheduled for June 2 on the BSE and the grey market, Aegis Vopak Terminals' shares were quoting at a modest premium of Rs 1, down significantly from the earlier range of Rs 8–9. With the IPO's upper price band set at Rs 235 per share, the expected listing price is around Rs 236—implying a marginal gain of just 0.43%, according to market sources tracking grey market Rs 2,800 crore issue is a pure fresh offer comprising 11.91 crore equity shares. There is no offer-for-sale (OFS) component. The price band has been fixed between Rs 223 and Rs 235 per investors can bid for a minimum of one lot containing 63 shares, requiring an investment of Rs 14,805 at the upper end. For small HNIs, the minimum application size is 14 lots, or Rs 2.07 from the IPO will be utilised to prepay or repay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and meet general corporate to Bajaj Broking, the IPO pricing reflects optimism around India's growing energy infrastructure demand, though investors should temper expectations in the near term.'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects,' the brokerage Vopak Terminals reported revenue of Rs 570.12 crore in FY24 with a net profit of Rs 86.54 crore. For the nine months ended December 2024, the company posted a PAT of Rs 85.89 crore—nearly matching its full-year FY24 bottom line, indicating operating IPO is being managed by ICICI Securities, BNP Paribas IIFL Securities , Jefferies India, and HDFC Bank . Link Intime is the registrar to the with a long-term view on India's energy logistics infrastructure may find value in this IPO, though the soft GMP and moderate subscription levels suggest a cautious debut on the read | The Leela IPO cruises through on final day of bidding, QIBs drive highest subscription. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
Aegis Vopak Terminals IPO Day 3: Subscription status, GMP trends, price band to review — Should you apply?
Aegis Vopak Terminals' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.6 times as of 2:44 PM on Wednesday, May 28. ADVERTISEMENT Qualified institutional buyers (QIBs) drove the bulk of the demand, subscribing to 2.49 times their allocated quota. Retail investors subscribed 69% of their portion, while non-institutional investors (NIIs) bid for 41%. The Rs 2,800 crore offering closes today, with the listing scheduled for June 2 on the BSE and NSE. In the grey market, Aegis Vopak Terminals' shares were quoting at a modest premium of Rs 1, down significantly from the earlier range of Rs 8–9. With the IPO's upper price band set at Rs 235 per share, the expected listing price is around Rs 236—implying a marginal gain of just 0.43%, according to market sources tracking grey market activity. The Rs 2,800 crore issue is a pure fresh offer comprising 11.91 crore equity shares. There is no offer-for-sale (OFS) component. The price band has been fixed between Rs 223 and Rs 235 per share. Retail investors can bid for a minimum of one lot containing 63 shares, requiring an investment of Rs 14,805 at the upper end. For small HNIs, the minimum application size is 14 lots, or Rs 2.07 from the IPO will be utilised to prepay or repay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and meet general corporate requirements. According to Bajaj Broking, the IPO pricing reflects optimism around India's growing energy infrastructure demand, though investors should temper expectations in the near term. ADVERTISEMENT 'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects,' the brokerage said. Aegis Vopak Terminals reported revenue of Rs 570.12 crore in FY24 with a net profit of Rs 86.54 crore. For the nine months ended December 2024, the company posted a PAT of Rs 85.89 crore—nearly matching its full-year FY24 bottom line, indicating operating momentum. The IPO is being managed by ICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Bank. Link Intime is the registrar to the issue. ADVERTISEMENT Investors with a long-term view on India's energy logistics infrastructure may find value in this IPO, though the soft GMP and moderate subscription levels suggest a cautious debut on the bourses. Also read | The Leela IPO cruises through on final day of bidding, QIBs drive highest subscription. Check details(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
22-05-2025
- Business
- Mint
Aegis Vopak Terminals IPO: From financials to key risks, 10 key things to know from RHP
Aegis Vopak Terminals IPO: The initial public offering (IPO) of chemicals and oil storage and logistics solutions provider Aegis Vopak Terminals is set to open for subscription on Monday, May 26 and will remain so until Wednesday, May 28. The third-party owner and operator of tank storage terminals aims to raise ₹ 2,800 crore through a fresh issue of 11.91 crore shares. The company intends to use the net proceeds to repay or prepay all or a portion of certain outstanding borrowings and to fund capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. Some portion of the net proceeds will be used for general corporate purposes. The price band of Aegis Vopak Terminals IPO has been set at ₹ 223 to ₹ 235 per share. The minimum lot size for an application is 63. The company is expected to finalise share allotment on Thursday, May 29, and the stock could debut on the BSE and the NSE on Mon, June 2. ICICI Securities Limited, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book-running lead managers of the mainboard IPO, while MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the registrar for the issue. 1. Aegis Vopak business: The company claims to be the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas(LPG) and liquid products in terms of storage capacity, as of December 31, 2024. 2. Aegis Vopak Terminals' promoters: Aegis Vopak Terminals was established as a joint venture between Aegis Logistics Limited and Vopak India BV. While Aegis is a listed Indian conglomerate providing sourcing, storage, distribution, storage and third-party logistics services in the oil, gas, and chemicals sector, Vopak India BV, is part of Royal Vopak, a listed company headquartered in the Netherlands and is among the world's leading tank storage companies, with an experience of over 400 years in the storageindustry. 3. Aegis Vopak Terminals' financial performance: The company's revenue from operations was ₹ 3,533.32 million in FY23, and ₹ 5,617.61 million in FY24, and ₹ 3,754.19 million and ₹ 4,641.81 million in the nine months ended December 31, 2023 and December 31, 2024, respectively. Its EBITDA was ₹ 2,319.61 million in FY23, ₹ 4,058.97 million in FY24, and ₹ 2,569.19 million and ₹ 3,533.60 million in the nine months ended December 31, 2023 and December 31, 2024, respectively, and EBITDA margin was 65.16 per cent in FY23, 71.19 per cent in FY24, and 67.49 per cent and 74.21 per cent in the nine months ended December 31, 2023 and 2024, respectively. 4. Industry growth outlook: The company in its RHP highlighted a CRISIL report according to which India is poised to play a pivotal role in the global energy transition through various strategic initiatives. "One such initiative is the establishment of a manufacturing hub for green hydrogen and its derivatives, such as green ammonia and green methanol. As these new energy sources gain traction, the demand for specialised storage facilities will increase significantly," it said. 5. Aegis Vopak Terminals has strategically located terminals across the Indian coast: According to the RHP, even though majority of the company's terminals are situated across the west coast of India, Aegis Vopak has a diversified network of terminals spread strategically across five key ports in operation on the West and East coast of India as of December 31, 2024. These key ports together, handle approximately 23 per cent of liquid and 61 per cent of total LPG import volumes in India. "Our two gas storage terminals, as of December 31, 2024, are distributed across two ports, Kandla and Pipavav in Gujarat, and store various gases such as LPG (including propane and butane) imported by our customers. Owing to their strategic location, Kandla and Pipavav ports together handled 3.67 MMT of LPG, representing 20.10 per cent of India's LPG imports in Fiscal 2024," said the company. 6. Customer base: As of December 31, 2024, the company had a diversified customer base of over 400 customers, including major national oil marketing companies (OMCs). "We have successfully diversified our customer base to include a wide array of industries and sectors, including traders, end users, manufacturers, and fuel marketing companies from both private and public sectors, as well as local and international businesses," said the company. 7. Top 10 customers contribute major chunk of revenue: The company derived 42.07 per cent, 44.56 per cent, 47.20 per cent and 44.76 per cent of its revenue from our top 10 customers in the last in FY23 and FY24 and in the nine months ended December 31, 2023 and 2024, respectively. "Any deterioration of their business, substantial reduction in their dealings with us or a loss of any of these customers could have an adverse effect on our business, results of operations, financial condition and cash flows," said the company. 8. Upcoming terminals: According to the company's RHP, its promoter Aegis Logistics is in the process of developing an ammonia storage facility situated in Pipavav, which is slated to become operational by FY26. "Once completed, the ammonia storage facility is intended to be transferred to our Company. The storage solutions will meet growing market demand and reinforce our commitment to supporting the transition to more sustainable and efficient industrial practices with respect to product handling at the terminals," said the company. 9. Subsidiaries: Konkan Storage Systems (Kochi) Private Limited and CRL Terminals Private Limited are the two subsidiaries of the company. 10. Group companies: (i) Aegis Gas (LPG) Private Limited, (ii) Hindustan Aegis LPG Limited, (iii) Sealord Containers Limited, and (iv) Vopak India Private Limited are the group companies. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
