Aegis Vopak Terminals
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 May 2025 – 28 May 2025
- Listing date
- 02 Jun 2025
- Face value
- ₹10 per share
- Issue price
- ₹235 per share
- Lot size
- 63 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹2,800 Cr
- Market cap at offer price
- ₹26,038 Cr
- Promoter holding
- 97.41% → 85.93% pre-issue → post-issue
- ISIN
- INE0INX01018
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- ICICI Securities Ltd.
- Registered office
- 502, Skylon, G.I.D.C, Char Rasta, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 5,36,17,021 | — | — |
Application size
Minimum 63 shares per lot, in multiples, at ₹235
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 63 | ₹14,805 |
| Retail (max) | 13 | 819 | ₹1,92,465 |
| S-HNI (min) | 14 | 882 | ₹2,07,270 |
| S-HNI (max) | 67 | 4,221 | ₹9,91,935 |
| B-HNI (min) | 68 | 4,284 | ₹10,06,740 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.88 | 1.03 |
| P/E (×) | 267.05 | 228.16 |
| Price to book (×) | 17.71 | — |
| Market cap | — | ₹26,038 Cr |
Key performance indicators
- Return on net worth
- 7.51%
- ROCE
- 8.39%
- Debt / equity
- 2.59
- PAT margin
- 15.18%
- NAV per share
- ₹13.27
- Price to book
- 17.71
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Aegis Vopak Terminals
Aegis Vopak Terminals Limited was incorporated in 2013 and operates as a joint venture between Aegis Logistics Limited and Vopak India B.V. (part of Royal Vopak). The company owns and operates a strategic network of storage terminals across major Indian ports for LPG, petroleum, chemicals, and edible oils. As of December 31, 2024, it operates two LPG storage terminals and 18 liquid storage terminals with approximately 1.50 million cubic meters of liquid storage capacity and 70,800 MT of LPG static capacity. The company makes money through storage and handling services for liquids and gases, with revenue of ₹5,617.61 million in Fiscal 2024.
Company Analysis
from RHPAegis Vopak Terminals Limited is India's largest third-party owner and operator of tank storage terminals for liquified petroleum gas and liquid products across six Indian ports.
Aegis Vopak Terminals Limited was incorporated in 2013 and operates as a joint venture between Aegis Logistics Limited and Vopak India B.V. (part of Royal Vopak). The company owns and operates a strategic network of storage terminals across major Indian ports for LPG, petroleum, chemicals, and edible oils. As of December 31, 2024, it operates two LPG storage terminals and 18 liquid storage terminals with approximately 1.50 million cubic meters of liquid storage capacity and 70,800 MT of LPG static capacity. The company makes money through storage and handling services for liquids and gases, with revenue of ₹5,617.61 million in Fiscal 2024.
Objects of the Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company ₹20,159.53 million p.109
- Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore ₹6,713.00 million p.122
- General corporate purposes [●] million (not to exceed 25% of gross proceeds) p.123
Issue Structure
- Total Issue
- Up to ₹28,000.00 million
- Fresh Issue
- Up to [●] Equity Shares of face value of ₹ 10 each aggregating up to ₹ 28,000.00 million
- Offer for Sale
- Not applicable
- Price Band
- [●] to [●] per Equity Share (to be determined)
- Lot Size
- [●] (minimum Bid Lot to be decided)
- Face Value
- ₹10 each
Business Model
Revenue is generated through tank storage terminal services—providing secure storage facilities and associated infrastructure for liquids such as petroleum, vegetable oil, lubricants, and chemicals, and gases such as LPG, propane and butane. Customers commit to minimum volumes under take-or-pay contracts at strategic port locations.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Aegis Logistics Limited | Promoter | 50.10% | [●]% |
| Vopak India B.V. | Promoter | 47.31% | [●]% |
| Huron Holdings Limited | Promoter | — | — |
| Trans Asia Petroleum INC | Promoter | — | — |
| Asia Infrastructure Investment Limited | Promoter | — | — |
| Koninklijke Vopak N.V. | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.