Aegis Vopak Terminals IPO
IPO Listing Details
- Listing Date
02 Jun 2025
- Listing Price
₹220.00
- Listing Change
-6.38%
- Last Traded Price
₹272.95
Aegis Vopak Terminals IPO Details
-
Open Date
26 May 2025
-
Close Date
28 May 2025
-
Listing Date
02 Jun 2025
- IPO Price Range
₹ 223 to ₹235
- IPO Size
₹ 2800 Cr
- Listing Exchange
BSE NSE
Aegis Vopak Terminals IPO Timeline
Aegis Vopak Terminals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-May-25 | 0.41 | 0.03 | 0.20 | 0.27 |
| 27-May-25 | 0.45 | 0.13 | 0.46 | 0.37 |
| 28-May-25 | 3.47 | 0.59 | 0.81 | 2.20 |
Last Updated: 29 September 2025 2:53 PM by 5paisa
Aegis Vopak Terminals Limited (AVTL) is launching a ₹2,800 crore IPO via book building. The company operates storage terminals for LPG and liquid products like chemicals, oils, and petroleum across five major Indian ports. With a total capacity of 1.5 million cubic meters for liquids and 70,800 MT for LPG, AVTL runs two key divisions—Gas and Liquid Terminals—and had 392 employees as of June 2024, supporting import, export, and coastal operations.
Established in: 2013
Managing Director & Chairman: Mr. Raj K. Chandaria
Peers
Adani Ports and Special Economic Zone Limited
JSW Infrastructure Limited
Aegis Vopak Terminals Objectives
1. Repayment/ prepayment of outstanding borrowings
2. Funding capital expenditure for the contracted acquisition of cryogenic LPG terminal at Mangalore
3. General corporate purposes
Aegis Vopak Terminals IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹2,800 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹2,800 Cr. |
Aegis Vopak Terminals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | 14,049 |
| Retail (Max) | 13 | 819 | 182,637 |
| S-HNI (Min) | 14 | 882 | 196,686 |
| S-HNI (Max) | 67 | 4,221 | 941,283 |
| B-HNI (Min) | 68 | 4,284 | 955,332 |
Aegis Vopak Terminals IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 3.47 | 3,57,44,681 | 12,42,01,476 | 2,918.735 |
| NII (HNI) | 0.59 | 1,78,72,340 | 1,04,93,280 | 246.592 |
| Retail | 0.81 | 1,19,14,894 | 96,75,792 | 227.381 |
| Total** | 2.20 | 6,55,31,915 | 14,43,70,548 | 3,392.708 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Aegis Vopak Terminals IPO Anchor Allocation
| Anchor Bid Date | May 23, 2025 |
| Shares Offered | 11,91,48,936 |
| Anchor portion Size (In ₹ Cr.) | 1,260 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2025 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 0.00 | 355.99 | 570.12 |
| EBITDA | -0.58 | 229.30 | 397.54 |
| PAT | -1.09 | -0.08 | 86.54 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 102.56 | 3481.48 | 4523.40 |
| Share Capital | 0.51 | 1.00 | 1.00 |
| Total Borrowings | 98.10 | 1745.17 | 2586.42 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -0.50 | 172.49 | 337.21 |
| Net Cash Generated From / (used in) investing activities | -92.30 | -1785.61 | -857.48 |
| Net Cash Generated From / (used in) financing activities | 98.63 | 1629.17 | 602.94 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 6.86 | 22.90 | 105.57 |
Strengths
1. Largest third-party tank storage operator in India for LPG and liquid products.
2. Strong promoter backing from Aegis and Royal Vopak ensures global expertise.
3. Diversified customer base reduces dependency on any single client.
4. Strategically located terminals across key Indian ports boost regional coverage.
Weaknesses
1. High dependence on West Coast terminals increases regional concentration risk.
2. Operations involve hazardous products requiring strict handling and safety compliance.
3. Business heavily reliant on infrastructure and equipment with long maintenance cycles.
4. Limited upstream or downstream integration outside storage and handling services.
Opportunities
1. Planned expansion of LPG capacity to meet rising domestic demand.
2. Upcoming cryogenic and greenfield terminals enhance long-term growth potential.
3. Scope for inorganic growth through acquisitions and partnerships.
4. Increasing demand for low-carbon fuels opens diversification avenues.
Threats
1. Operational risks include mechanical failure, natural disasters, and transport delays.
2. Any promoter conflict could impact strategic decisions and daily operations.
3. Revenue may suffer from top client attrition or reduced contracts.
4. Regulatory changes or environmental norms can increase compliance costs.
● India’s largest third-party tank storage operator for LPG and liquid products.
● Backed by globally reputed promoters: Aegis Group and Royal Vopak.
● Strong financial turnaround with ₹86.54 Cr PAT in FY24 from losses in FY22.
● Strategic expansion plans with new terminals and cryogenic LPG infrastructure.
● Rising LPG demand in India driven by urbanization and cleaner energy adoption.
● India’s strategic port infrastructure supports expansion of coastal and international trade.
● Government focus on energy security boosts investments in storage and logistics infrastructure.
● Increasing need for third-party liquid storage from petrochemical and industrial sectors.
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- Mainboard
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FAQs
Aegis Vopak Terminals IPO opens from 26 May 2025 to 28 May 2025.
The size of Aegis Vopak Terminals IPO is ₹2,800 Cr.
The price of Aegis Vopak Terminals IPO is fixed at ₹223 to ₹235 per share.
To apply for Aegis Vopak Terminals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Aegis Vopak Terminals IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Aegis Vopak Terminals IPO is 63 shares and the investment required is ₹149,049.
The share allotment date of Aegis Vopak Terminals IPO is 29 May 2025
The Aegis Vopak Terminals IPO will likely be listed on 2 June 2025.
ICICI Securities Limited, BNP Paribas, IIFL Securities Ltd, Jefferies India Private Limited, and HDFC Bank Limited are the book running lead managers for Aegis Vopak Terminals IPO.
Aegis Vopak Terminals plans to utilise the raised capital from the IPO for:
● Repayment/ prepayment of outstanding borrowings
● Funding capital expenditure for the contracted acquisition of cryogenic LPG terminal at Mangalore
● General corporate purposes
Aegis Vopak Terminals Contact Details
Aegis Vopak Terminals Limited
502, Skylon, G.I.D.C,
Char Rasta, Vapi, Valsad,
396195, Gujarat, India
Phone: +91 22 4193 6666
Email: secretarial@aegisindia.com
Website: https://www.aegisvopak.com/
Aegis Vopak Terminals IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aegisvopak.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Aegis Vopak Terminals IPO Lead Manager
ICICI Securities Limited
Bnp Paribas
Iifl Securities Ltd
Jefferies India Private Limited
Hdfc Bank Limited
