Loading...

Home >> Blog >> Aegis Vopak Terminals IPO: Price, Overview, And GMP

Aegis Vopak Terminals IPO: Price, Overview, And GMP

  


Aegis Vopak Terminals IPO - Complete Overview 

Aegis Vopak Terminals IPO, a Mainboard IPO, is a book-built issue of Rs. 2,800 Cr (11.91 Cr Shares) by Aegis Vopak Terminals Limited, incorporated in 2013 and is involved in the operation and management of storage facilities for Liquefied Petroleum Gas (LPG) and other liquid products.

AVTL is responsible for the safe custody of Propane, Butane, and other products like petroleum, chemicals, vegetable oils, and lubricants. The infrastructure that accompanies the storage includes, but is not limited to:

The company gasifies and stores vegetable products along with chemicals, currently with 70,800 metric tons (MT) of gas capacity. By June 30 of 2024, the company will have approximately 1.50 million cubic meters of gas storage and 1.50 million cubic meters of liquid product storage distributed throughout.

It operates its business through two main divisions:

Gas Terminal Division – sole focus on the storage and handling of Liquefied Petroleum Gas (LPG).

Liquid Terminal Division – manages the storage of a wide variety of liquid products, including but not limited to: Petrol, Chemicals, and Vegetable oils. The number of types of chemicals and oils stored exceeds 30 and 1,0, respectively.

The private company under consideration possesses 2 LPG gas terminals and 16 liquid terminals, which are located in the five major ports of India. The Terminal handles coastal shipping, imports, and exports.

Haldia, W.B, Kochin, Kerala, Mangalore, Karnataka, Pipavav, Gujarat, Kandla, Gujarat are the ports capable of storing liquid approximately 1.50 million cu/mtr.

This new IPO is to be launched on 26 May 2025, and its ‘initial public offering’ will end on 28 May 2025.

Aegis Vopak Terminals IPO Details

This Mainline IPO comprises a wholly fresh issue of 11,91,48,936 Shares. The Aegis Vopak Terminals IPO date of listing is June 02, 2025. The Aegis Vopak Terminals IPO price is between Rs. 223 to Rs. 235 for each Share.


If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial

(Amount in Cr)

Period

31 Dec 2024

31 Mar 2024

31 Mar 2023

Total Assets 

5,855.60

4,523.40

3,481.48

Total Revenue

476.15

570.12

355.99

PAT

85.89

86.54

-0.08

Net Worth

2,037.61

1,151.94

1,098.20

Reserves & Surplus

-

-

-

Borrowings

2,485.75

2,586.42

1,745.17

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities

31 Mar 2024 

31 Mar 2023

31 Mar 2022

Net Cash Flow Operating Activities

3,372.08 

1,724.86

5.01

Net Cash Flow Investing Activities

(8,574.79) 

(17,856.13)

(922.99)

Net Cash Flow Financing Activities

6,029.39 

16,291.70

986.34

 

Revenue from Business Segment Breakdown


Revenue Breakdown from Services

(Amount in million)

(Source RHP)

 

The Objective of the Issue

  • Whole or partial repayment or settlement of the business's outstanding debt.

  • Financing capital expenditures for the negotiated purchase of Mangalore's cryogenic LPG terminal.

  • To meet corporate objectives.

 

 

Peers of Aegis Vopak Terminals

Company Name

Face Value (Rs.)

EPS (Rs.)

P/E (x)

Adani Ports And Special Economic Zone Ltd.

2

37.55

37.48

JSW Infrastructure Limited

2

6.01

49.42

 

Evaluation

The Aegis Vopak Terminals Limited IPO price is Rs. 223 to Rs. 235 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 1 from the last year, the resulting P/E ratio is 235x.

Considering the weighted EPS of Rs. 0.50 for the last three years, the P/E ratio is 470x.

The Belrise Industries IPO application window is open till today only. 

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 43.25.

Particulars

P/E Ratio (x)

Highest 

49.02

Lowest 

37.48

Average

43.25


In simple words, the P/E ratio of this IPO (235x), compared with the industry’s average P/E of 43.25x, has an overvaluation (on a P/E ratio basis only). Hence, the price of the Share seems aggressively priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

  • India's largest third-party tankage operator for LPG & liquid storage by capacity.

  • 61% of India's LPG and 23% liquid imports are handled by strategic port locations.

  • Infrastructure expansion & storage efficiency proven track record.

  • This is feasible operations focused on ESG with advanced safety & sustainability systems.

 

IPO’s Weaknesses

  • High levels of revenue dependence on the top 10 customers raise concentration risk.

  • Portional risks with respect to hazardous material handling and being port-based vulnerabilities.

  • Lease agreements on some terminals expired and have not been renewed yet.

 

Aegis Vopak Terminals IPO GMP Today

Aegis Vopak Terminals IPO GMP is Rs. 0 as of May 23, 2025, when this information was written. With the price of Rs. 235, the Aegis Vopak Terminals IPO listing price might be Rs. 235 (estimated).

 

 

Aegis Vopak Terminals Limited IPO Timetable (Tentative)

The Aegis Vopak IPO dates are between May 26 to May 28. With IPO allocation on May 29, refund initiation on May 30, and listing on Jun 02, 2025.

Events 

Date

IPO Opening Date

26 May 2025

IPO Closing Date

28 May 2025

IPO Allotment Date 

29 May 2025

Refund Initiation 

30 May 2025

IPO Listing Date

02 Jun 2025

 

IPO Other Details 

The IPO with a face value of Rs. 10 per Share, offers an IPO size of 11,91,48,936 Shares (Rs. 2800 Cr) and it will be listed at BSE and NSE.

IPO Opening & Closing date 

26 May 2025 to 28 May 2025

Face Value 

Rs. 10 per Share

Issue Price

Rs. 223 to Rs. 235

Lot Size

63 Shares

Issue Size

11,91,48,936 Shares (Rs. 2800 Cr)

Offer for Sale 

-

Fresh Issue 

11,91,48,936 Shares (Rs. 2800 Cr)

Listing At

BSE, NSE

Issue Type 

Book Built Issue IPO

Registrar 

Link Intime India Private Ltd.

 

IPO GMP

The GMP IPO is available at our live IPO GMP page, where you get the new IPO GMP of open IPOs and the GMP of upcoming IPO.

 

Detailed Video

 

Aegis Vopak Terminals IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (63 Shares) amounting to Rs. 14,805 and 13 Lots (819 Shares) for Rs. 1,92,465 respectively, while for HNI investors, the minimum Lot is 14 (882 Shares) amounting to Rs. 2,07,270.

Minimum Lot Investment (Retail)

1 Lot

Maximum Lot Investment (Retail) 

13 Lots

S-HNI (Minimum)

14 Lots

S-HNI (Maximum)

67 Lots

B-HNI (Minimum)

68 Lots

 

IPO Reservation

Institutional Share Portion

75%

Retail Investors' Share Portion

10%

Non-Institutional Shares Portion

15%

 

Promoters and Management of Aegis Vopak Terminals Ltd. 

  • Aegis Logistics Limited

  • Huron Holdings Limited

  • Trans Asia Petroleum INC

  • Asia Infrastructure Investment Limited

  • Vopak India B.V.

  • Koninklijke Vopak N.V.

Pre-Issue Promoter Shareholding

97.41%

Post-Issue Promoter Shareholding

85.93%

IPO Lead Managers

  • ICICI Securities Limited

  • BNP Paribas, IIFL Securities Ltd.

  • Jefferies India Private Limited

  • HDFC Bank Limited.

 

 

Dividend Policy

The company has paid a dividend of Rs. 290 and Rs. 38.62 per Share, in FY24 and FY23, respectively.

 

Conclusion

Aegis Vopak Terminals IPO is an opportunity due to a robust storage footprint from industry-leading facilities in select strategic ports. Despite the high P/E, however, another word of caution is what it stands for investors.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This IPO blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.



Frequently Asked Questions

+

The size of this IPO is 11,91,48,936 Shares (Rs. 2800 Cr).

+

If you have applied for the IPO but have not been allotted the Shares by the Registrar and are now looking for “ what to do if the IPO refund is not received ”, is not received," we discussed the blog post that details how to obtain your IPO refund.

+

The date of listing of this offer is 02 June 2025.

+

Its IPO price is Rs. 223 to Rs. 235.



Liked What You Just Read? Share this Post:




Viewer's Thoughts


Any Question or Suggestion

Post your Thoughts


IPO

Related Blogs

kalpataru-limited-ipo

IPO | 19-06- 2025

Kalpataru Limited IPO: GMP And...

Discover Kalpataru IPO details including Kalpataru IPO price, IPO date, allotment status, listing date. Check its financ...

Continue Reading
globe-civil-projects-ipo

IPO | 17-06- 2025

Globe Civil Projects IPO: GMP ...

Explore Globe Civil Projects IPO details like date, price, GMP or grey market premium, allotment status with company fin...

Continue Reading
Arisinfra Solutions IPO

IPO | 13-06- 2025

Arisinfra Solutions IPO: Date,...

The Arisinfra Solutions IPO date is 18 Jun 2025. Check IPO listing date, GMP, its allotment, strengths & weaknesses with...

Continue Reading
oswal-pumps-ipo

IPO | 11-06- 2025

Oswal Pumps IPO: Price, Overvi...

Discover Oswal Pumps IPO details including IPO GMP, price, date, allotment status, listing date. Check its financials wi...

Continue Reading
leela-hotels-IPO

IPO | 29-05- 2025

Leela Hotels (Schloss Bangalor...

Explore Leela Hotels IPO (Schloss Bangalore IPO) details including GMP or grey market premium, price, date, allotment, a...

Continue Reading
prostarm-info-systems-ipo

IPO | 29-05- 2025

Prostarm Info Systems IPO: Pri...

Explore Prostarm Info Systems IPO: GMP, price, date allotment status, listing date, grey market premium and other IPO de...

Continue Reading
for a Chance to Learn Free Technical Analysis
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook