Latest news with #AegisVopakTerminalsLimited
Mint
6 days ago
- Business
- Mint
Aegis Vopak Terminals share price jumps 10% after weak stock market debut. Should you buy, sell or hold?
Aegis Vopak Terminals share price gained over 10 per cent in Monday's trading session despite weak listing in the Indian stock market on June 2. At 11:55 am, Aegis Vopak Terminals shares climbed to ₹ 242 apiece on NSE, against the listing price of ₹ 220. The stock was listed on Indian bourses at a discount of 4.38 per cent over the issue price of ₹ 235. The ₹ 2,800 crore IPO was open for subscription from May 26 to May 28. It closed on a subdued note, garnering overall bids at 2.20 times the available shares during the three-day window. Investors bid for a total of 14.43 crore shares against the 6.55 crore on offer. The retail investor segment fell short, receiving only 0.81 times subscription, while the non-institutional investor (NII) portion was subscribed just 0.41 times. In contrast, the qualified institutional buyers (QIBs) category saw strong interest, being subscribed 3.47 times. Aegis Vopak Terminals IPO was entirely a fresh equity issue, involving 11.91 crore shares, with no portion earmarked for an offer-for-sale. Retail investors had to apply for a minimum of 63 shares, requiring an investment of at least ₹ 14,049. Prior to launching the IPO, the company raised ₹ 1,260 crore from anchor investors. Aegis Vopak Terminals Limited (AVTL), which operates tank storage facilities as a third-party service provider, aims to generate ₹ 2,800 crore through the fresh issue. The proceeds will primarily be used to repay or prepay select outstanding loans. In addition, funds will support capital expenditure, including the planned purchase of a cryogenic LPG terminal in Mangalore. A portion will also be reserved for general corporate needs. 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.
Mint
6 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.
News18
6 days ago
- Business
- News18
Aegis Vopak's Shares Make Weak Debut At 6% Discount To Rs 220: Should You Buy, Hold Or Sell?
Last Updated: Aegis Vopak Terminals IPO Listing: The IPO was moderately subscribed at 2.09 times, with strong demand from qualified institutional buyers (QIBs). Aegis Vopak Terminals IPO Listing: Aegis Vopak Terminals Limited was listed on the BSE and NSE today, June 2, 2025, following its Rs 2,800 crore initial public offering (IPO). The shares debuted at Rs 220 on both exchanges, with a discount of 6.38 per cent. After the listing, the shares of Ageis Vopak Terminals recovered slightly to Rs 228.40 apiece, with a drop of 2.47 per cent from the upper band of the issue price. The IPO was moderately subscribed at 2.09 times, with strong demand from qualified institutional buyers (QIBs), while retail and high-net-worth individual (HNI) participation remained subdued. The offering was solely a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223-Rs 235 per share. Aegis Vopak Terminals is a leading player in the logistics and storage sector, specialising in handling liquid and gas chemicals through its strategically located terminals. The company operates as a joint venture between Aegis Logistics Ltd and the global tank storage company Royal Vopak. Its robust infrastructure and operational capabilities have positioned it to serve a wide range of industries, including chemicals, petrochemicals, and energy, with safe and reliable storage solutions. advetisement Aegis Vopak Terminals' Shares: Should You Buy, Sell Or Hold? Most brokerage firms have given a 'subscribe' rating to the IPO, especially for the long term. However, they have also flagged several risks. Giving a 'subscribe for long term' rating for the IPO, Bajaj Broking in its IPO note said, 'While the company has demonstrated a strong financial turnaround posting a net profit of Rs 86.54 crore in FY24 after a marginal loss in FY23, the valuation requires careful consideration." Based on FY24 EPS of Rs 1 and a NAV of Rs 13.27, the IPO price band of Rs 223-Rs 235 appears expensive on traditional valuation metrics like price-to-earnings, especially as a meaningful P/E cannot be derived due to the company's recent shift to profitability, it said. '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," said Bajaj Broking. Another brokerage firm BP Wealth has also granted 'Subscribe' rating to the IPO. 'The company has demonstrated stable financial performance over the last three financial years, aided by its annuity-like business model and long-term customer contracts. The company has managed debt levels, indicating strong financial flexibility to support its expansion plans under project GATI. The company's asset-heavy model and predictable cash flows from storage contracts provide visibility in earnings, making it well-positioned for future growth," it said in its IPO note. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Varun Yadav Location : New Delhi, India, India First Published: June 02, 2025, 10:14 IST News business » ipo Aegis Vopak's Shares Make Weak Debut At 6% Discount To Rs 220: Should You Buy, Hold Or Sell?
Mint
6 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.
Mint
28-05-2025
- Business
- Mint
Aegis Vopak Terminals IPO Day 3 Live: Here's subscription status, GMP, other details. Apply or not?
Aegis Vopak Terminals IPO Day 3 Live: Aegis Vopak Terminals initial public offering (IPO), which opened for subscription on May 26, has been subscribed over 38 per cent so far on the last day of bidding. The mainboard IPO will close for bidding on May 28. Incorporated in 2013, Aegis Vopak Terminals Limited (AVTL) is a company that 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. The Aegis Vopak Terminals IPO has so far been subscribed over 38 per cent on the last day of bidding. The issue has received 2,47,81,239 share applications, against offered 6,90,58,296 shares. The retail category has been subscribed over 51 per cent, received 63,71,757 shares so far. Meanwhile, QIBs and NIIs segment has received 44 per cent and 15 per cent subscription on May 28. The GMP of Aegis Vopak Terminals IPO has fallen from ₹ 5 on Tuesday to ₹ 3 on Wednesday in the grey market, according to This means that the estimated listing price is likely to be ₹ 238, which is 1.28 per cent higher than the IPO price of ₹ 235. The lowest GMP of Aegis Vopak Terminals IPO is ₹ 0, meanwhile, the the highest GMP is ₹ 15. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The Aegis Vopak Terminals IPO opened for subscription on May 26 and will close on May 28. The IPO is a book-building of ₹ 2,800 crore and is entirely a fresh issue of 11.91 crore shares. The price band of Aegis Vopak Terminals IPO has been set at ₹ 223 to ₹ 235 per share, with a face value of ₹ 10 per share. The minimum lot size for an application is 63. The minimum amount of investment required by retail investors is ₹ 14,049. The allotment for the Aegis Vopak Terminals IPO is expected to be finalized on Thursday, May 29, 2025. Meanwhile, the IPO will be list on BSE, NSE with a tentative listing date fixed as Monday, June 2. 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. Brokerage firm Anand Rathi has recommended 'subscribe for long-term'. 'On valuation parse, based on annualised FY25 it is seeking PE of 235 times and EV/EBITDA nearly 57 times, for FY24 earnings PE stands at 301x times and post issue market cap comes at ₹ 2,60,378 Mn with this the issue is extravagantly priced. Therefore, we believe that company's aggressive capacity additions justify the steep valuation however, it has also able to achieve lowest capex per MT while delivering the highest throughput and tank turns among peers, underscoring its operational excellence. Thus, we recommend the issue can only be consider as 'SUBSCRIBE for LONG TERM',' said the brokerage firm in a note. 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.
