{"id":56760,"date":"2025-05-26T14:21:04","date_gmt":"2025-05-26T08:51:04","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=56760"},"modified":"2025-07-24T16:42:01","modified_gmt":"2025-07-24T11:12:01","slug":"aegis-vopak-terminals-ipo-gmp-issue-size-and-5-key-things-to-know","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/aegis-vopak-terminals-ipo-gmp-issue-size-and-5-key-things-to-know\/","title":{"rendered":"Aegis Vopak Terminals IPO: GMP, Issue Size, and 5 Key Things to Know"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>Aegis Vopak Terminals opened its \u20b92,800 crore IPO for subscription today, drawing interest from investors tracking the infrastructure and energy logistics sector. The company operates strategically located storage terminals across major Indian ports, catering to petroleum products, LPG, and industrial chemicals.&nbsp;<\/p>\n\n\n\n<p>With a solid anchor book, a notable grey market premium (GMP), and a strong operational footprint, the IPO is one of the key offerings this week. Here\u2019s a detailed look at the issue size, share allocation, GMP, company background, financials, and a SWOT analysis to help you evaluate the opportunity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>Aegis Vopak Terminals IPO Details<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9223 to \u20b9235&nbsp; per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">26 May 2025<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">28 May 2025<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,91,48,936&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b92,800 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Bookbuilding IPO<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">63 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.equentis.com\/blog\/explore-bombay-stock-exchange-what-is-bse-advantages-of-listing-and-investment-methods\/\">BSE<\/a>, <a href=\"https:\/\/www.equentis.com\/blog\/national-stock-exchange-of-india-functions-features-and-top-companies\/\">NSE<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.aegisvopak.com\/red-herring-prospectus\" target=\"_blank\" rel=\"noopener\"><strong>Red Herring Prospectus<\/strong><br><br><\/a>The basis of allotment is expected to be finalized on Thursday, May 29. Refunds will be initiated on Friday, May 30, and shares will be credited to demat accounts on the same day. The stock is likely to be listed on the NSE and BSE on Monday, June 2.<\/p>\n\n\n\n<p>Here are 5 key things to know about the IPO.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Allocation of Shares<\/strong><\/h3>\n\n\n\n<p>Investors can bid for a minimum of 63 shares and in multiples thereof. The table below summarizes the minimum and maximum investment requirements:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Investor Category<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Lots<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Shares<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Investment Amount<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Retail (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>63<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b914,805<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Retail (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>13<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>819<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b91,92,465<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>S-HNI (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>14<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>882<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b92,07,270<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>S-HNI (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>67<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>4,221<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b99,91,935<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>B-HNI (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>68<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>4,284<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u20b9<\/strong><strong>10,06,740<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.aegisvopak.com\/red-herring-prospectus\" target=\"_blank\" rel=\"noopener\"><strong>Red Herring Prospectus<\/strong><\/a><\/p>\n\n\n\n<p>The storage infrastructure company raised \u20b91,260 crore from 32 anchor investors ahead of its IPO by allotting over 5.36 crore equity shares. The anchor book saw strong interest from <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> institutional players, including Goldman Sachs, Nomura Trust &amp; Banking Co, Aberdeen Standard SICAV I \u2013 Indian Equity Fund, and TOCU Europe III S.A R.L.<\/p>\n\n\n\n<p>Among the total anchor allocation, more than 1.58 crore equity shares\u2014accounting for 29.56% of the anchor portion\u2014were allotted to six domestic <a href=\"https:\/\/www.equentis.com\/blog\/what-are-mutual-funds-a-comprehensive-guide\/\">mutual funds<\/a> across 17 schemes. Notably, HDFC Mutual Fund participated through three schemes, while Motilal Oswal Mutual Fund was allotted shares via seven schemes.<br><strong>Source: <\/strong><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/ipos\/fpos\/aegis-vopak-terminals-ipo-company-raises-rs-1260-crore-from-nomura-aberdeen-30-other-anchor-investors\/articleshow\/121378695.cms\" target=\"_blank\" rel=\"noopener\"><strong>Economic Times<\/strong><\/a><\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Grey Market Premium (GMP)<\/strong><\/li>\n<\/ol>\n\n\n\n<p>The GMP as of 26 May 2025 stands at \u20b917. At the upper price band of \u20b9235, the estimated listing price could be around \u20b9252, reflecting a potential 7.2% premium over the issue price.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>The net proceeds from the IPO will be utilized for the following purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Repayment or prepayment of existing borrowings<\/li>\n\n\n\n<li>Funding capital expenditures for the planned cryogenic LPG terminal acquisition in Mangalore<\/li>\n\n\n\n<li>General corporate purposes<br><\/li>\n<\/ul>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Company Overview<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Incorporated in 2013, Aegis Vopak Terminals (AVTL) is a storage infrastructure company that owns and operates terminals for liquefied petroleum gas (LPG) and various liquid products across India. The company provides safe storage and handling services for a wide range of commodities, including petroleum, chemicals, vegetable oils, lubricants, and gases like propane and butane.<\/p>\n\n\n\n<p>As of June 30, 2024, AVTL manages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.50 million cubic meters of storage capacity for liquid products<\/li>\n\n\n\n<li>70,800 metric tons of static storage capacity for LPG<\/li>\n<\/ul>\n\n\n\n<p>The business is structured into two core divisions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gas Terminal Division: Specialises in the storage and handling of LPG, including propane and butane.<\/li>\n\n\n\n<li>Liquid Terminal Division: Manages storage for petroleum products, over 30 types of chemicals, and more than 10 types of edible and non-edible oils.<\/li>\n<\/ul>\n\n\n\n<p>AVTL operates a total of 18 terminals\u20142 LPG terminals and 16 liquid storage terminals\u2014strategically located across five major ports in India:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Haldia, West Bengal<\/li>\n\n\n\n<li>Kochi, Kerala<\/li>\n\n\n\n<li>Mangalore, Karnataka<\/li>\n\n\n\n<li>Pipavav, Gujarat<\/li>\n\n\n\n<li>Kandla, Gujarat<\/li>\n<\/ul>\n\n\n\n<p>These terminals are involved in coastal shipping, imports, and exports, providing essential infrastructure support to India\u2019s energy and chemical logistics sectors.<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Financial Strength<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Aegis Vopak Terminals has shown significant financial growth over the past few years. The company reported a revenue of \u20b9476.15 crore for the nine months ending December 2024, compared to \u20b9570.12 crore for the full year FY24 and \u20b9355.99 crore in FY23.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXesdoaYDaDxpkd1f4K1NSKfsJ_L2auSqsjMuyjyK5kJs3LXBxV5DojBP5oj8OW-Qv0oKNZdiaqWIblt-RH_nrcxGHA_LxI-XSXX9cm3pd4vFD0UWATFwESuzCIj9zhnRItbl64cYQ?key=o7qaRf9XwanG3C7_cedWKw\" alt=\"\" style=\"width:500px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.aegisvopak.com\/red-herring-prospectus\" target=\"_blank\" rel=\"noopener\"><strong>Red Herring Prospectus<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>On the profitability front, profit after <a href=\"https:\/\/www.equentis.com\/blog\/income-tax-concepts-the-ultimate-guide\/\">tax<\/a> (PAT) reached \u20b985.89 crore for the period ending December 2024, marginally lower than \u20b986.54 crore in FY24, but a substantial improvement from the marginal loss of \u20b90.08 crore in FY23 and \u20b91.09 crore in FY22.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><img fetchpriority=\"high\" decoding=\"async\" width=\"744\" height=\"459\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc3AeFQ2jjT333N9B1mJiCi3OqakY5MzQPwn9hfM_6FOTuHxucppG7j6Psc-S8cgfH2RZzE2td3DThyXRUrItYULsEhmVnukFr4Ab5qSfAZMH8MQy6tptkqT9biKpmEScvrwoCJ?key=o7qaRf9XwanG3C7_cedWKw\" alt=\"\" title=\"\"><br><strong>Source: <\/strong><a href=\"https:\/\/www.aegisvopak.com\/red-herring-prospectus\" target=\"_blank\" rel=\"noopener\"><strong>Red Herring Prospectus<\/strong><\/a><\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li><strong>SWOT Analysis<\/strong><\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>STRENGTHS<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Strategic terminal locations across India<br><br>Strong parentage via Aegis Logistics Ltd<br><br>Experienced management and operational team<br><br>Diversified storage portfolio (petroleum, LPG, chemicals, vegetable oils)<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>Heavily reliant on port infrastructure<br><br>Vulnerable to regulatory and environmental compliance risks<br><br>High capex business model requires continuous funding<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>OPPORTUNITIES<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>THREATS<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Growing LPG demand and chemical storage needs in India<br><br>Potential M&amp;A expansions (like the cryogenic terminal in Mangalore)<br><br>Infrastructure upgrades and policy support in the logistics sector<\/td><td class=\"has-text-align-center\" data-align=\"center\">Competition from large players like Adani Ports and JSW Infrastructure<br><br>Fluctuation in global trade and commodity prices<br><br>Any delay in expansion projects may impact revenue growth<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h3>\n\n\n\n<p>The Aegis Vopak Terminals IPO is drawing investor attention due to its strong grey market premium, strategic infrastructure assets, and upcoming capital deployment plans. If you\u2019re evaluating whether to invest, closely consider the IPO\u2019s pricing, financial fundamentals, and the company\u2019s position in the infrastructure sector.<\/p>\n\n\n\n<p>Before subscribing, assess your <a href=\"https:\/\/www.equentis.com\/blog\/are-risk-tolerance-and-risk-appetite-the-same\/\">risk appetite<\/a> and consult with a <a href=\"https:\/\/www.equentis.com\/blog\/what-is-financial-advisory-complete-guide\/\">financial advisor<\/a> if needed. This IPO could be an interesting addition to a long-term infrastructure-focused portfolio\u2014but like all <a href=\"https:\/\/www.equentis.com\/blog\/mukul-agrawal-portfolio-shareholdings-investments-all-you-need-to-know\/\">investments<\/a>, it comes with its own set of risks and rewards.<\/p>\n\n\n\n<p class=\"has-ast-global-color-5-color has-vivid-red-background-color has-text-color has-background has-link-color wp-elements-a377517bdd8f600e0c2e7efd2ef366fd\">Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis \u2013 Research &amp; Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL &amp; certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aegis Vopak Terminals Limited is all set to open its \u20b92,800 crore IPO for subscription, drawing interest from investors tracking the infrastructure and energy logistics sector. The company operates strategically located storage terminals across major Indian ports, catering to petroleum products, LPG, and industrial chemicals. With a solid anchor book, a notable grey market premium (GMP), and a strong operational footprint, the IPO is one of the key offerings this week. Here\u2019s a detailed look at the issue size, share allocation, GMP, company background, financials, and a SWOT analysis to help you evaluate the opportunity.<\/p>\n","protected":false},"author":25,"featured_media":56763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948,553],"tags":[],"class_list":["post-56760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news","category-investing-ipo"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/56760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=56760"}],"version-history":[{"count":7,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/56760\/revisions"}],"predecessor-version":[{"id":58111,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/56760\/revisions\/58111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/56763"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=56760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=56760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=56760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}