Latest news with #BajajBroking
News18
a day 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?
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
Yahoo
3 days ago
- Business
- Yahoo
How to Read Financial Statements Before Investing in Stocks
PUNE, INDIA / / May 31, 2025 / -Investing in the stock market can be rewarding, but smart investing starts with knowing how to read financial statements. These documents reveal a company's financial health and are essential for evaluating whether a stock is worth your money. Whether you're a beginner or an experienced investor, understanding financial statements helps you make informed decisions-especially when using free Demat account apps like Bajaj Broking to manage your investments on the go. Why Financial Statements Matter in the Stock Market Before you buy a stock, you're essentially becoming a part-owner of that company. Wouldn't you want to know how well it's doing? That's where financial statements come in-they provide insights into the company's revenue, expenses, assets, liabilities, and profitability. These three main financial documents are vital: Balance Sheet Income Statement (Profit & Loss Statement) Cash Flow Statement Let's break down how to read each one. 1. Balance Sheet: Understand a Company's Net Worth The balance sheet shows what a company owns (assets) and what it owes (liabilities), as well as shareholder equity. Key elements to analyze: Assets vs. Liabilities: A healthy company typically has more assets than liabilities. Debt-to-Equity Ratio: Lower ratios are generally safer, especially in volatile stock market sectors. Working Capital: The difference between current assets and liabilities shows short-term liquidity. Quick Tip: Compare year-on-year balance sheet data to spot trends. Many free Demat account apps, such as Bajaj Broking, offer access to this data directly within their stock analysis features. 2. Income Statement: Check Profitability Also called the Profit & Loss statement, this document shows the company's revenue, expenses, and net profit over a specific period. Look for: Revenue Growth: Is the company consistently increasing sales? Net Profit Margin: Indicates how much profit is generated from total revenue. Operating Income: Reflects core business profitability, excluding one-off items. Quick Tip: Steady growth in both revenue and profit is often a sign of a fundamentally strong stock. 3. Cash Flow Statement: Gauge Financial Stability The cash flow statement details how money moves in and out of the business, focusing on operations, investments, and financing. Key focus areas: Positive Operating Cash Flow: Suggests that the business model is working. Free Cash Flow: A company with consistent free cash flow can reinvest and pay dividends. Cash Reserves: Critical for withstanding economic downturns in the stock market. Tools to Make It Easier Modern free Demat account apps simplify access to financial data, allowing you to: View 5-year financial trends Analyze ratios like P/E, ROE, and EBITDA Set alerts for earnings and results announcements Final Thoughts Reading financial statements may seem daunting at first, but with regular practice and the right tools, it becomes second nature. If you're venturing into the stock market, these statements are your best resource for filtering hype from reality. Open a free Demat account app like Bajaj Broking to start tracking and analysing your favourite stocks today-because informed investing begins with understanding the Details:Name - Marketing PlannersMobile number - 9811815536Designation - Content MarketingWebsite - SOURCE: Bajaj Broking View the original press release on ACCESS Newswire
Economic Times
5 days ago
- Business
- Economic Times
Prostarm Info Systems IPO subscribed 70 times Check GMP, listing, other details
Attracting a robust response from investors, Prostarm Info Systems' initial public offering (IPO) was subscribed by 69.91 times at the end of the bidding process, witnessing strong subscription across categories. ADVERTISEMENT Non-institutional investors (NIIs) led the demand, subscribing to the issue by a massive 154.17 times their allocated quota, while the qualified institutional buyers (QIBs) had subscribed 88.79%. Retail investors drove robust demand, subscribing ths offer by 23.01 times. The Rs 168 crore offering's listing is scheduled for June 3. In the grey market, Prostarm Info Systems' unlisted shares were trading at a premium of Rs 19 on Wednesday, indicating a potential listing price of around Rs 124. This suggests an 18% premium over the IPO's upper price band of Rs 105, according to sources monitoring grey market IPO is a completely fresh issue, aiming to raise Rs 168 crore. The price band has been set at Rs 95–105 per share, with investors required to bid in lots of 142 shares, translating to a minimum investment of Rs 14,910 at the upper price band. The proceeds from the offering will be utilized for meeting working capital needs, repaying select borrowings, pursuing inorganic growth opportunities, and covering general corporate expenses. Choice Capital Advisors is the book-running lead manager for the issue, while KFin Technologies is serving as the registrar. ADVERTISEMENT The company's shares are slated to be listed on both the BSE and NSE on June 3. Brokerages appear cautiously optimistic. Bajaj Broking has issued a long-term subscribe call on the IPO, citing strong revenue momentum and operational performance. ADVERTISEMENT 'Prostarm has a strong balance sheet, with robust cash flow from operations and a healthy return on net worth. The IPO is fully priced, but its leadership in integrated power solutions and growing demand for energy infrastructure make it a compelling story for patient investors,' Bajaj Broking company's financials reflect a growth trajectory: revenue rose from Rs 232 crore in FY23 to Rs 259 crore in FY24, and it reported Rs 270 crore in income during the first nine months of FY25. Net profit for the nine-month period stood at Rs 22.11 crore, nearly matching FY24's Rs 22.80 crore. ADVERTISEMENT Established in 2008, Prostarm specializes in the design and manufacturing of energy storage and power conditioning solutions, including UPS systems, inverters, lithium-ion battery packs, and voltage stabilizers. The company also provides solar hybrid systems, reverse logistics services, and EPC solutions for rooftop solar serves a diverse client base across sectors such as aviation, defence, banking, and healthcare. Its portfolio includes notable names like the Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam. ADVERTISEMENT Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
6 days ago
- Business
- Economic Times
Prostarm Info Systems IPO Day 2: Subscription status, GMP trends, price band to review — Should you apply?
GMP points to positive debut Key offer details Live Events Should you subscribe? Analyst view Business snapshot (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Prostarm Info Systems' initial public offering was fully subscribed on the second day of bidding, with the overall subscription reaching 9.7 times as of 2:29 PM on Wednesday, May investors (NIIs) led the demand, subscribing to 18.96 times their allocated quota, while retail investors subscribed 10.75 times and qualified institutional buyers (QIBs) had subscribed 93%. The Rs 168 crore offering closes on May 29, with listing scheduled for June the grey market, Prostarm Info Systems' unlisted shares were commanding a premium of Rs 19 on Wednesday, pushing the expected listing price to around Rs 124, an 18% premium over the upper end of the IPO price band at Rs 105, according to sources tracking grey market IPO is entirely a fresh issue aimed at raising Rs 168 crore. The price band is set at Rs 95–105 per share, and investors can bid in lots of 142 shares, requiring a minimum investment of Rs 14,910 at the upper will be used to fund working capital requirements, repay certain borrowings, explore inorganic growth, and for general corporate purposes. Choice Capital Advisors is managing the issue, and KFin Technologies is acting as the shares are expected to list on both the BSE and NSE on June appear cautiously optimistic. Bajaj Broking has issued a long-term subscribe call on the IPO, citing strong revenue momentum and operational performance.'Prostarm has a strong balance sheet, with robust cash flow from operations and a healthy return on net worth. The IPO is fully priced, but its leadership in integrated power solutions and growing demand for energy infrastructure make it a compelling story for patient investors,' Bajaj Broking company's financials reflect a growth trajectory: revenue rose from Rs 232 crore in FY23 to Rs 259 crore in FY24, and it reported Rs 270 crore in income during the first nine months of FY25. Net profit for the nine-month period stood at Rs 22.11 crore, nearly matching FY24's Rs 22.80 in 2008, Prostarm designs and manufactures energy storage and power conditioning systems including UPS units, inverters, lithium-ion battery packs, and voltage stabilisers. It also offers solar hybrid solutions, reverse logistics, and EPC services for rooftop solar clients span a wide range of sectors—from aviation and defence to banking and healthcare—with names like Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam among its portfolio.
