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News Topical, Digital Desk : Aegis Vopak Terminals IPO will open for subscription on May 26, 2025. Investors can bid for this till May 28, 2025. Before this, anchor investor bidding will start on May 23. The company intends to raise Rs 2,800 crore through this issue. The company has fixed a price band of Rs 223 to Rs 235 per share for the IPO. The value of the company at the upper price band is Rs 26,038 crore.
Investors can bid in a minimum of 63 equity shares and in multiples thereof. About 75% of the issue is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and the remaining 10% for retail investors. This IPO will be a completely fresh issue.
Purpose of the IPO
The funds raised through the IPO will be used for debt repayment and capital expenditure, particularly for the contracted acquisition of a cryogenic LPG terminal at Mangalore.
Book Running Lead Managers and Registrars
The book running lead managers (BRLMs) of Aegis Vopak Terminals IPO are ICICI Securities, BNP Pariba, IIFL Securities, Jefferies India and HDFC Bank. While Link Intime India is the registrar. Allotment and Listing The share allotment of Aegis Vopak Terminals is expected to be finalized on May 29, 2025. The company is expected to be listed on BSE and NSE on June 2, 2025. Know about the company Aegis Vopak Terminals operates storage terminals for liquefied petroleum gas (LPG) and other liquid products. The company provides secure storage and related infrastructure for products such as petroleum, vegetable oils, lubricants, chemicals and gases such as propane and butane. A look at the company's finances Aegis Vopak Terminals' revenue increased to Rs 154 crore in FY 2024 from Rs 114 crore in FY 2023. Net profit increased from Rs 7.32 crore to Rs 25.78 crore during this period. As of September 2024, the company's total outstanding borrowings stood at Rs 2,546.68 crore.
Read More: Q4 Results Today: This company's loss increased in the March quarter - shares fell by up to 6%
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