Aegis Vopak Terminals Ltd., India’s largest third-party owner and operator of LPG and liquid storage terminals, has announced the price band for its upcoming ₹3,500 crore initial public offering (IPO). The IPO will open for subscription on May 26, 2025, and close on May 28, 2025.
IPO Structure & Fund Utilization
The IPO consists entirely of a fresh issue of equity shares, with no offer-for-sale component. The funds raised will be used for:
- Debt repayment and prepayment of outstanding borrowings.
- Capital investments, including the acquisition of a cryogenic LPG terminal in Mangalore.
- General corporate purposes.
Investor Allocation & Lot Size
The IPO follows a book-building process, with allocations as follows:
- Qualified Institutional Buyers (QIBs): 75% of the total offering.
- Non-Institutional Investors (NIIs): 15%.
- Retail Investors: 10%.
Retail investors can apply for a minimum of one lot (63 shares), requiring an investment of ₹14,049 at the lower end and ₹14,805 at the upper end.
Listing & Market Sentiment
The IPO allotment is expected to be finalized on May 29, 2025, with shares tentatively listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 2, 2025.
About Aegis Vopak Terminals
Aegis Vopak Terminals operates storage tank terminals for liquefied petroleum gas (LPG) and liquid products, offering secure storage solutions for petroleum, vegetable oils, lubricants, chemicals, and gases like propane and butane.
With a strong market presence and strategic expansion plans, Aegis Vopak Terminals IPO is expected to attract significant investor interest.
For more updates on IPOs and market trends, stay tuned!
