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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
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
Mint
26-05-2025
- Business
- Mint
Aegis Vopak Terminals IPO day 1 Live: GMP, subscription status to review. Apply or not?
Aegis Vopak Terminals IPO: The initial public offering (IPO) of Aegis Vopak Terminals Limited has hit the Indian primary market today. According to the Aegis Vopak Terminals IPO subscription date, the public issue will remain open until 28 May 2025. The company has fixed Aegis Vopak Terminals IPO price at ₹ 223 to ₹ 235 per equity share. Ahead of the Aegis Vopak Terminals IPO opening date, the company's shares are trading in the grey market. According to stock market observers, Aegis Vopak Terminals shares are available at a premium of ₹ 15 in the grey market today. The book build issue is proposed for listing on the NSE and the BSE. 1] Aegis Vopak Terminals IPO GMP: According to stock market observers, Aegis Vopak Terminals shares are available at a premium of ₹ 15 in the grey market today. 2] Aegis Vopak Terminals IPO price: The company has a fixed price band of the public issue at ₹ 223 to ₹ 235 per equity share. 3] Aegis Vopak Terminals IPO date: The public issue has opened today and will remain open until 28 May 2025. 4] Aegis Vopak Terminals IPO size: The book build issue aims to raise ₹ 2,800 crore by issuing fresh shares. 5] Aegis Vopak Terminals IPO lot size: Bidders can apply in lots, and one lot comprises 63 company shares. 6] Aegis Vopak Terminals IPO allotment date: The most likely date for share allotment is 29 May 2025. 7] Aegis Vopak Terminals IPO registrar: MUFG Intime India Private Limited, aka Link Intime India Private Limited, has been appointed the official registrar of the book build issue. 8] Aegis Vopak Terminals IPO investment limit: A retail bidder can apply for a minimum of one lot and a maximum of 13 lots, which means a retail investor requires a minimum of ₹ 14,805 ( ₹ 235 x 63) or a maximum of ₹ 1,92,465 ( ₹ 235 x 63 x 13). 9] Aegis Vopak Terminals IPO listing date: The most likely date for share listing is 2 June 2025. 10] Aegis Vopak Terminals IPO review: Ventura Securities has assigned a 'subscribe' tag to the public issue, saying, "At the upper price band of ₹ 235, the IPO is priced at a TTM P/E of 187.7 times. 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." BP Equities has also given the public issue a 'subscribe' tag, saying, "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." Aditya Birla Money, Bajaj Financial Securities, Canara Bank Securities, and SBI Capital Securities have also assigned the public issue a 'subscribe' tag. Aegis Vopak Terminals Ltd. ('AVTL'), a joint venture between Aegis Logistics Limited ('Aegis') and Vopak India BV, a part of Royal Vopak ('Royal Vopak'), plans capex of ₹ 9000 crore to invest in capabilities to address Alternative Energies among others. Pursuant to Project GATI, AVTL Board has approved expansion projects involving a total capex outlay of approximately ₹ 2,217 crore out of a total outlay of ₹ 9,000 crore envisioned by Promoters by 2030, in relation to additional 130,000 MT of static LPG storage, approximately 176,290 cubic metres of storage for liquid products and LPG bottling plants integrated with the terminal at a port location. Murad Moledina, Non-Executive Director, AVTL, said, 'AVTL is committed to the sustainability vision set out by its promoters. The company intends to actively contribute to the energy transition and the introduction of renewable products by focusing on new infrastructure solutions for low-carbon and renewable hydrogen (ammonia, liquid organic hydrogen carrier), sustainable fuels and feedstocks, carbon dioxide, and long-duration energy storage.' 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.
India Today
15-05-2025
- Business
- India Today
How talent-surplus India can leverage developed world's labour crisis
Developed nations are projected to face a labour shortage of 45-50 million skilled and semi-skilled workers by 2030 whereas India is expected to have surplus talent. The contrast presents a significant opportunity for the country to be the workforce gap bridge for the developed affairs minister S. Jaishankar recently underscored the importance of international workforce mobility, saying: 'It is crucial to nurture, expand, deploy and upgrade talent while identifying opportunities both within and beyond our borders.'advertisementJaishankar emphasised that with rising global demand and a growing talent pool in India, it was imperative to lay the groundwork for Indian professionals to access international opportunities. He also highlighted the importance of skilling, noting: 'Our government has rolled out skills training and vocational education programmes to empower the workforce.'The minister was speaking at the launch of the non-profit Global Access to Talent from India (GATI) Foundation, incubated by The Convergence Foundation, New Delhi, along with Manish Sabharwal, executive vice-chairman of staffing firm TeamLease Services, and the Godrej Foundation. Jayant Chaudhary, Union minister of state (independent charge) for skill development and entrepreneurship, who was also present at the event, reiterated the government's focus on ensuring that all migration from India was legal and structured. He pointed out that trades, such as elder care, nursing and plumbing, taught at the 14,500 Industrial Training Institutes (ITIs) across the country were in high demand however, cautioned that many of these professions fall within the country's informal sector and there was a need to formalise these sectors so that the skills were recognised Gupta, managing director and senior partner at Boston Consulting Group, said talent shortages in developed countries were rising by 11-12 per cent year on year—'massive problem' in his words. On the other hand, India had achieved global success in the IT/ITES sectors, with a large workforce operating both at home and emphasised on replicating this success story in low- and medium-skilled jobs in sectors such as healthcare, logistics and transportation, and education. 'Currently, talent movement in these sectors is happening in small pockets. But as we look towards a Viksit Bharat, we need to aim for a labour export economy worth $300 billion,' he Dhawan, founder and CEO of The Convergence Foundation, shared that while some 700,000 Indians migrated for work overseas annually, 60 per cent of them were concentrated in the Gulf Cooperation Council (GCC) countries. 'We have a real opportunity to expand our annual migrant flows to 2-2.5 million by diversifying across geographies and job roles,' he an expansion, Dhawan added, would not only generate more employment but could also significantly boost remittances to as high as $300 billion annually, thereby enhancing consumption, education and healthcare outcomes in year, India recorded remittances worth over Rs 129 billion, the highest for the country till outlined a three-pronged strategy to help India leverage the global employment opportunity. First, forging government to government partnerships and signing pacts to create an ecosystem that facilitates freedom of movement, including through relaxed visa norms. Second, standardising skills training—technical, language and soft skills—to meet international benchmarks. And third, ensuring collaboration across stakeholders—central and state governments, nonprofits, skilling institutes and the private sector—with a central nodal agency to streamline the talent mobility to India Today Magazine
