Latest news with #AegisVopakTerminalsLtd
News18
3 days ago
- Business
- News18
Aegis Vopak Terminals IPO Receives 2.2x Subscription On Day 3, Retail Quota Booked By 0.81x; Check GMP Today
Last Updated: Unlisted shares of Aegis Vopak Terminals Ltd are trading at Rs 236 apiece in the grey market, which is a subdued 0.43% premium or GMP over the IPO price of Rs 235. Aegis Vopak Terminals IPO Day 3: The initial public offering of Aegis Vopak Terminals Ltd has been be closed on Wednesday, May 28. Till 5:00 pm on the final day of bidding on Wednesday, the Rs 2,800-crore IPO received a 2.20 times subscription, garnering bids for 14,43,60,342 shares as against 6,55,31,915 shares on offer. The retail and NII participation stood at 0.81 times and 0.59 times, respectively. Its qualified institutional buyer (QIB) category got a 3.47 times subscription, according to data from exchanges. The IPO was opened for public subscription on Monday, May 26. It received a 27 per cent subscription on Day 1 and a 37 per cent subscription on Day 2. The price band has been fixed in the range of Rs 223-235 apiece. Aegis Vopak Terminals Ltd (AVTL), a joint venture between Aegis Logistics Limited and Royal Vopak, is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It has presence over both East and West coasts of India. Aegis Vopak Terminals IPO GMP Today According to market observers, unlisted shares of Aegis Vopak Terminals Ltd are currently trading at Rs 236 apiece in the grey market, which is a subdued 0.43 per cent premium or GMP over the IPO price of Rs 235. It indicates mild listing gains for investors on June 2, the tentative listing date. The shares will be listed on both BSE and NSE. 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. The issue is valued at a P/E of 198.0x on the upper price band based on FY25 earnings. 'Therefore, we recommend a SUBSCRIBE rating for the issue," BP Wealth stated. Brokerage firm Ventura also granted 'Subscribe' rating to the IPO. It said, 'At the upper price band of INR 235, the IPO is priced at a TTM P/E of 187.7x. While this valuation appears steep, the company's ongoing LPG capacity expansion and planned future ventures into green ammonia present substantial long-term growth potential. We therefore recommend 'subscribe' to this IPO." Granting 'subscribe for long term' rating to the IPO, Aditya Birla Capital in its note said, 'The company plans to raise Rs 2,800 crore with objective of loan repayment of Rs 2,016 crore and balance for funding expansion capex. At upper price-band of Rs 235, the issue is priced at a ~57x FY25 EV/EBITDA. The aggressive expansion and strong parentage instil confidence in the company, we recommend 'subscribe for long term' to the issue." Risks According to brokerage firms, the IPO faces the following risks: 1) Slowdown in India's oil & gas industry; 2) Damage to assets owing to natural calamities or any other reasons; 3) Non-compliance of safety or legal regulations applicable to the business; and 4) Promoters are involved in similar businesses. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors, ahead of its initial share-sale that opens for public subscription. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Previously, the IPO was planned to raise Rs 3,500 crore. Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times. The terminalling industry relies heavily on the strategic location of storage terminals. Terminals near major shipping routes and well-connected ports gain a competitive edge by reducing last-mile delivery costs and ensuring faster delivery times. ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 28, 2025, 10:51 IST News business » ipo Aegis Vopak Terminals IPO Receives 2.2x Subscription On Day 3, Retail Quota Booked By 0.81x; Check GMP Today
News18
5 days ago
- Business
- News18
Prostarm Info Systems IPO Closing Today: Should You Subscribe? Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 129 apiece in the grey market, which is a 22.86 per cent premium or GMP over the IPO price of Rs 105. Prostarm Info Systems IPO Day 3: The initial public offering of Aegis Vopak Terminals Ltd, which is going to be closed at 5 pm on Thursday, has received a decent response from investors. Till 10:29 am on the final day of bidding on Wednesday, the Rs 168-crore IPO received a 19.27 times subscription, garnering bids for 21,58,12,452 shares as against 1,12,00,000 shares on offer. The retail and NII participation stood at 16.53 times and 48.68 times, respectively. Its qualified institutional buyer (QIB) category got a 2.01 times subscription, according to data from exchanges. The IPO, which was opened for public subscription on May 27, will be closed on May 29. It received a 3.61 times subscription on the first day of bidding and a 12.74 times subscription on the second day. The price band has been fixed in the range of Rs 105 apiece. According to market observers, unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 129 apiece in the grey market, which is a 22.86 per cent premium or GMP over the IPO price of Rs 105. It indicates decent listing gains for investors on June 3, the tentative listing date. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Anand Rathi recommends 'Subscribe for long-term', highlighting Prostarm's diverse product range and wide customer base. With a valuation of 27.1x FY24 EPS and a market cap-to-sales ratio of 2.4x, the firm sees potential in its plans to expand production capacity and integrate automation. SMIFS gives a 'Subscribe' rating, citing low current capacity utilization, which offers scope for margin and earnings growth. It believes the stock is undervalued relative to peers despite strong financials and sees upside potential as operational leverage kicks in. SBI Securities has given a 'Subscribe' rating, citing Prostarm Info Systems' strong presence across sectors like data centers, renewable energy, hospitals, and elevators. With a robust financial performance — revenue, EBITDA, and PAT growing at a CAGR of 23%, 49%, and 43% over FY22–FY24 — the brokerage finds the IPO valuation of 20.2x FY25E EPS reasonable compared to peers. Arihant Capital also assigns a 'Subscribe for long-term' rating, pointing to its 700+ customer base, extensive dealer network, and growing international footprint. The firm sees opportunities in the growing UPS, lithium-ion battery, and stabilizer markets, with IPO proceeds aimed at business expansion. ProfitMart Securities maintains a 'Subscribe for long-term' stance, citing the experienced promoter group and strong management as key strengths. The firm expects consistent future performance, making it a suitable pick for patient investors. Bajaj Broking tags it 'Subscribe for long-term', noting that the company's integrated service model boosted bottom-line growth from FY23 onwards. While the IPO appears fully priced, long-term investors may benefit. The IPO has a fresh issue of 1.6 crore equity shares. The price band for the offer is fixed at Rs 95-105 per share. Prostarm Info Systems intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate purposes. The company is an integrated power solution provider, especially in UPS system lithium-ion battery pack and third-party power solution products, among others. It caters to a range of industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil & gas. It manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. It operates three manufacturing facilities in Maharashtra. The company catered to more than 700 clients during FY24, including Larsen & Toubro Ltd, Tata Power Co. Ltd and Bajaj Finance Ltd. The company's shares will be listed on the BSE and NSE. Choice Capital Advisors is the book-running lead manager, and Kfin Technologies Ltd is the registrar to the offer. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 29, 2025, 10:38 IST
News18
6 days ago
- Business
- News18
Prostarm Info Systems IPO Day 2: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 125 apiece in the grey market, which is a 19.05 per cent premium or GMP over the IPO price of Rs 105. Prostarm Info Systems IPO Day 2: The initial public offering of Aegis Vopak Terminals Ltd, which opened on Tuesday, as so far received a decent response from investors. Till 10:49 am on the second day of bidding on Wednesday, the Rs 168-crore IPO received a 5.71 times subscription, garnering bids for 6,39,34,648 shares as against 1,12,00,000 shares on offer. The retail and NII participation stood at 6.61 times and 11.14 times, respectively. Its qualified institutional buyer (QIB) category got a 0.07 times subscription, according to data from exchanges. The IPO, which was opened for public subscription on May 27, will be closed on May 29. It received a 3.61 times subscription on the first day of bidding. The price band has been fixed in the range of Rs 105 apiece. Prostarm Info Systems IPO GMP Today According to market observers, unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 125 apiece in the grey market, which is a 19.05 per cent premium or GMP over the IPO price of Rs 105. It indicates decent listing gains for investors on June 3, the tentative listing date. advetisement The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Prostarm Info Systems IPO: Should You Subscribe? Anand Rathi recommends 'Subscribe for long-term', highlighting Prostarm's diverse product range and wide customer base. With a valuation of 27.1x FY24 EPS and a market cap-to-sales ratio of 2.4x, the firm sees potential in its plans to expand production capacity and integrate automation. SMIFS gives a 'Subscribe' rating, citing low current capacity utilization, which offers scope for margin and earnings growth. It believes the stock is undervalued relative to peers despite strong financials and sees upside potential as operational leverage kicks in. SBI Securities has given a 'Subscribe' rating, citing Prostarm Info Systems' strong presence across sectors like data centers, renewable energy, hospitals, and elevators. With a robust financial performance — revenue, EBITDA, and PAT growing at a CAGR of 23%, 49%, and 43% over FY22–FY24 — the brokerage finds the IPO valuation of 20.2x FY25E EPS reasonable compared to peers. Arihant Capital also assigns a 'Subscribe for long-term' rating, pointing to its 700+ customer base, extensive dealer network, and growing international footprint. The firm sees opportunities in the growing UPS, lithium-ion battery, and stabilizer markets, with IPO proceeds aimed at business expansion. ProfitMart Securities maintains a 'Subscribe for long-term' stance, citing the experienced promoter group and strong management as key strengths. The firm expects consistent future performance, making it a suitable pick for patient investors. Bajaj Broking tags it 'Subscribe for long-term', noting that the company's integrated service model boosted bottom-line growth from FY23 onwards. While the IPO appears fully priced, long-term investors may benefit. Prostarm Info Systems IPO: More Details The IPO has a fresh issue of 1.6 crore equity shares. The price band for the offer is fixed at Rs 95-105 per share. Prostarm Info Systems intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate purposes. Advertisement The company is an integrated power solution provider, especially in UPS system lithium-ion battery pack and third-party power solution products, among others. It caters to a range of industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil & gas. It manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. It operates three manufacturing facilities in Maharashtra. The company catered to more than 700 clients during FY24, including Larsen & Toubro Ltd, Tata Power Co. Ltd and Bajaj Finance Ltd. top videos View All The company's shares will be listed on the BSE and NSE. Choice Capital Advisors is the book-running lead manager, and Kfin Technologies Ltd is the registrar to the offer. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 28, 2025, 11:08 IST News business » ipo Prostarm Info Systems IPO Day 2: Check Subscription Status, GMP Today
News18
27-05-2025
- Business
- News18
Aegis Vopak Terminals IPO Day 2: Check Subscription Status, GMP Today; Should You Bet?
Last Updated: Aegis Vopak Terminals IPO: Aegis Vopak Terminals owns and operates storage tank terminals across India. Check price band, allotment and listing dates and brokerage views. Aegis Vopak Terminals IPO Day 2: The initial public offering of Aegis Vopak Terminals Ltd opened for public subscription on Monday, May 26. As of 11:15 AM on the second day of the Aegis Vopak Terminals IPO subscription, investors have bid for 1,91,76,003 shares against the offered shares of 6,90,58,296, representing a subscription of 0.28 times. As of 11:15 AM on the second day of the Aegis Vopak Terminals IPO subscription, the status across various investor categories is as follows: Qualified Institutional Buyers (QIBs) have been offered 3,76,68,163 shares, out of which they have bid for 1,48,38,894 shares, reaching 0.39 times their allocated portion. Foreign Institutional Investors (FIIs) have bid for 1,48,29,444 shares. Other categories under QIBs, such as Domestic Financial Institutions, Mutual Funds, and others, have not placed any bids so far. Non-Institutional Investors (NIIs) have been offered 1,88,34,080 shares, with bids placed for 8,20,386 shares, amounting to 0.04 times their portion. Retail Individual Investors (RIIs) have been offered 1,25,56,053 shares and have bid for 35,16,723 shares, equating to 0.28 times their allotted portion. Aegis Vopak Terminals Ltd (AVTL), a joint venture between Aegis Logistics Limited and Royal Vopak, is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It has presence over both East and West coasts of India. The IPO will be closed on Wednesday, May 28. The price band has been fixed in the range of Rs 223-235 apiece. Aegis Vopak Terminals IPO GMP Today According to market observers, unlisted shares of Aegis Vopak Terminals Ltd are currently trading at Rs 247 apiece in the grey market, which is a 5.10 per cent premium or GMP over the IPO price of Rs 235. It indicates listing gains for investors on June 2, the tentative listing date. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Aegis Vopak Terminals IPO: Should You Subscribe? 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. The issue is valued at a P/E of 198.0x on the upper price band based on FY25 earnings. 'Therefore, we recommend a SUBSCRIBE rating for the issue," BP Wealth stated. Brokerage firm Ventura also granted 'Subscribe' rating to the IPO. It said, 'At the upper price band of INR 235, the IPO is priced at a TTM P/E of 187.7x. While this valuation appears steep, the company's ongoing LPG capacity expansion and planned future ventures into green ammonia present substantial long-term growth potential. We therefore recommend 'subscribe' to this IPO." Granting 'subscribe for long term' rating to the IPO, Aditya Birla Capital in its note said, 'The company plans to raise Rs 2,800 crore with objective of loan repayment of Rs 2,016 crore and balance for funding expansion capex. At upper price-band of Rs 235, the issue is priced at a ~57x FY25 EV/EBITDA. The aggressive expansion and strong parentage instil confidence in the company, we recommend 'subscribe for long term' to the issue." Risks According to brokerage firms, the IPO faces the following risks: 1) Slowdown in India's oil & gas industry; 2) Damage to assets owing to natural calamities or any other reasons; 3) Non-compliance of safety or legal regulations applicable to the business; and 4) Promoters are involved in similar businesses. Aegis Vopak Terminals IPO: More Details Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors, ahead of its initial share-sale that opens for public subscription. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Previously, the IPO was planned to raise Rs 3,500 crore. Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times. 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. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: Latest News TMKOC: 'Goli' Kush Shah Opens Up On Quitting Show, Says 'Had To Take This Decision...' Television Movies Dad-To-Be Sidharth Malhotra Looks Cool In Casual Wear, Gets Papped In The City | Watch Football Football Unites After Car Ploughs Into Liverpool's Premier League Victory Parade IPO Aegis Vopak Terminals IPO Day 2: Check Subscription Status, GMP Today; Should You Bet? Education and Career NEET UG 2025 Answer Key To Be Released Soon On Here's How To Download latest news
News18
26-05-2025
- Business
- News18
Aegis Vopak Terminals IPO Opens Today: Should You Apply? Check Subscription Status, GMP, Recommendations
Last Updated: Aegis Vopak Terminals Ltd's Rs 2,800-crore IPO opens on Monday and the price band has been fixed at Rs 223-235; most brokerages recommend subscribing for long-term. Aegis Vopak Terminals IPO Day 1: The initial public offering of Aegis Vopak Terminals Ltd opened for public subscription on Monday. Till 10:30 am on the first day of bidding on Monday, the Rs 2,800-crore IPO received a 0.01 times subscription garnering bids for 3,48,390 shares as against 6,90,58,296 shares on offer. Aegis Vopak Terminals Ltd (AVTL), a joint venture between Aegis Logistics Limited and Royal Vopak, is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It has presence over both East and West coasts of India. The IPO will be closed on Wednesday, May 28. The price band has been fixed in the range of Rs 223-235 apiece. Aegis Vopak Terminals IPO GMP Today According to market observers, unlisted shares of Aegis Vopak Terminals Ltd are currently trading at Rs 249.5 apiece in the grey market, which is a 6.17 per cent premium or GMP over the IPO price of Rs 235. It indicates listing gains for investors on June 2, the tentative listing date. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Aegis Vopak Terminals IPO: Should You Subscribe? 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." It added that 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. '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. The issue is valued at a P/E of 198.0x on the upper price band based on FY25 earnings. 'Therefore, we recommend a SUBSCRIBE rating for the issue," BP Wealth stated. Brokerage firm Ventura also granted 'Subscribe' rating to the IPO. It said, 'At the upper price band of INR 235, the IPO is priced at a TTM P/E of 187.7x. While this valuation appears steep, the company's ongoing LPG capacity expansion and planned future ventures into green ammonia present substantial long-term growth potential. We therefore recommend 'subscribe' to this IPO." Granting 'subscribe for long term' rating to the IPO, Aditya Birla Capital in its note said, 'The company plans to raise Rs 2,800 crore with objective of loan repayment of Rs 2,016 crore and balance for funding expansion capex. At upper price-band of Rs 235, the issue is priced at a ~57x FY25 EV/EBITDA. The aggressive expansion and strong parentage instil confidence in the company, we recommend 'subscribe for long term' to the issue." Risks According to brokerage firms, the IPO faces the following risks: 1) Slowdown in India's oil & gas industry; 2) Damage to assets owing to natural calamities or any other reasons; 3) Non-compliance of safety or legal regulations applicable to the business; and 4) Promoters are involved in similar businesses. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors, ahead of its initial share-sale that opens for public subscription. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Previously, the IPO was planned to raise Rs 3,500 crore. Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times. The terminalling industry relies heavily on the strategic location of storage terminals. Terminals near major shipping routes and well-connected ports gain a competitive edge by reducing last-mile delivery costs and ensuring faster delivery times. ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 26, 2025, 10:42 IST News business » ipo Aegis Vopak Terminals IPO Opens Today: Should You Apply? Check Subscription Status, GMP, Recommendations
