Latest IPO in India: Aegis Vopak Terminals Ltd IPO – Strong ₹2,800 Cr Issue
The latest IPO in India features Aegis Vopak Terminals Ltd (AVTL), a key player in India’s energy logistics sector. The ₹2,800 crore public issue opens for subscription on May 26, 2025. Backed by Aegis Logistics and Royal Vopak, this IPO is drawing investor interest for its growth potential and strategic positioning.
Company Overview
Aegis Vopak Terminals Ltd, a joint venture of Aegis Logistics Ltd (50.1%) and Royal Vopak (47.4%), operates 20 tank terminals across India’s coastline. It offers liquid and LPG storage solutions with a total capacity of 1.7 million cubic meters and 201,000 metric tons respectively.
IPO Timeline
- IPO Opening Date: May 26, 2025
- IPO Closing Date: May 28, 2025
- Basis of Allotment: May 29, 2025
- Initiation of Refunds: May 30, 2025
- Credit of Shares to Demat: May 30, 2025
- IPO Listing Date: June 2, 2025
- Listing Exchanges: BSE and NSE
Price Band
The IPO price band is ₹223–₹235 per share. The total issue size is ₹2,800 crore via a fresh issue of 11.91 crore equity shares.
Lot Size
- Market Lot: 63 shares
- Minimum Investment: ₹14,805
- Maximum Investment (Retail): ₹192,465 (13 lots)
Key Dates
- UPI Mandate Deadline: May 28, 2025, 5 PM
- Anchor Investor Bidding Date: May 23, 2025
Financials
| Particulars | FY22 (₹ Cr) | FY23 (₹ Cr) | FY24 (₹ Cr) | Q1 FY25 (₹ Cr) |
|---|---|---|---|---|
| Total Revenue | 0 | 355.99 | 570.12 | 156.37 |
| Total Expenses | 1.09 | 353.39 | 449.10 | 119.81 |
| Profit After Tax | -1.09 | -0.08 | 86.54 | 25.77 |
| Total Borrowings | 98.10 | 1,745.17 | 2,586.42 | 2,584.18 |
Strengths
- India’s largest independent tank storage provider for LPG and liquids.
- Strategically located terminals across major ports.
- Diversified portfolio of over 40 liquid commodities.
- Backed by industry giants: Aegis Logistics & Royal Vopak.
Risks
- High leverage with ₹2,500+ crore in borrowings.
- Vulnerable to commodity price swings and regulatory changes.
IPO Anchor Investors Details
| Anchor Investor | Investment Amount (₹ Cr) |
|---|---|
| HDFC Mutual Fund | Not Disclosed |
| Smallcap World Fund | Not Disclosed |
| American Funds Insurance | Not Disclosed |
| 360 ONE | Not Disclosed |
| Motilal Oswal | Not Disclosed |
| SBI General Insurance | Not Disclosed |
| Think India | Not Disclosed |
IPO Promoter Holding Details
| Promoter | Pre-IPO Holding (%) | Post-IPO Holding (%) |
|---|---|---|
| Aegis Logistics Ltd | 50.1% | Not Disclosed |
| Royal Vopak | 47.4% | Not Disclosed |
| Others | 2.5% | Not Disclosed |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| May 24, 2025 | 0 | ₹235 |
Note: GMPs are indicative and vary with market sentiment.
Final Thoughts
The Aegis Vopak Terminals Ltd IPO offers an exciting opportunity to invest in a strategic and fast-growing energy logistics firm. Its industry leadership, strong financials, and global backing make it a strong contender. However, investors should weigh debt risks and external dependencies before investing.
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