Aegis Vopak Terminals Ltd, India’s leading independent tank storage operator, has launched its ₹2,800 crore initial public offering (IPO), opening for subscription from May 26 to May 28, 2025. The IPO consists of a fresh issue of 11.91 crore shares, with no offer for sale.
Key IPO Details:
- Price Band: ₹223–₹235 per share
- Lot Size: 63 shares (Minimum investment: ₹14,805)
- Grey Market Premium (GMP): ₹14.5 (6.17% above issue price)
- Subscription Status (Day 1): 6% overall, retail investors lead with 12%
- Listing Date: June 2, 2025 (BSE & NSE)
Financial Performance & Growth Outlook
Aegis Vopak Terminals reported a net profit of ₹86.54 crore in FY24, marking a strong turnaround from previous losses. The company specializes in LPG and liquid bulk storage, operating terminals across six key Indian ports.
Expert Recommendations: Subscribe or Skip?
Most brokerage firms, including Bajaj Broking and BP Wealth, have given a ‘subscribe for long-term’ rating, citing strong financial recovery and strategic importance in India’s energy logistics sector. However, analysts caution that the IPO valuation appears stretched, with a high price-to-earnings (P/E) ratio.
Investor Sentiment & Market Reaction
Despite muted bidding on Day 1, experts anticipate higher subscription levels from institutional investors before closing. The GMP has slightly corrected, but still indicates listing gains for early investors.
With India’s growing demand for LPG and liquid bulk storage, Aegis Vopak Terminals’ IPO presents a strategic investment opportunity, albeit with valuation risks.
