Aegis Vopak Terminals IPO: A Mega Opportunity in India’s Energy Logistics
The Aegis Vopak Terminals IPO is creating strong buzz as it opens for subscription from May 26 to May 28, 2025. With a fresh issue worth ₹2,800 crores, this public offering has captured investor attention for its robust financial growth and strong market presence in the Indian logistics and energy infrastructure space. The IPO is set to list on BSE and NSE on June 2, 2025, making it one of the most anticipated listings in Q2 2025.
Backed by reputed promoters like Aegis Logistics Ltd and Vopak India B.V., and offering services at six key Indian ports, the company is focused on LPG and liquid storage logistics—a sector critical to India’s clean energy future. The IPO is worth exploring, especially for long-term investors seeking strong fundamentals and sectoral tailwinds.
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Aegis Vopak Terminals IPO: Grey Market Premium (GMP) Trends
The GMP for Aegis Vopak Terminals has shown positive momentum:
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May 25, 2025: GMP stood at ₹17, suggesting an estimated listing price of ₹252, a 7.23% premium over the upper price band.
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May 26, 2025: GMP is ₹14.5, indicating a 6.17% premium with shares trading at ₹249.5 in the grey market.
These trends reflect growing investor confidence ahead of the listing.
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Aegis Vopak Terminals IPO Dates, Price Band & Market Lot
This IPO is a book-built issue with a price band between ₹223 and ₹235 per share. Retail investors can begin applying from May 26, with a minimum lot size of 63 shares, amounting to ₹14,805.
- Key IPO Dates and Details
| Particulars | Details |
|---|---|
| IPO Open Date | May 26, 2025 |
| IPO Close Date | May 28, 2025 |
| Allotment Date | May 29, 2025 |
| Refunds Initiation | May 30, 2025 |
| Credit to Demat Accounts | May 30, 2025 |
| Listing Date | June 2, 2025 (BSE & NSE) |
- Aegis Vopak Terminals IPO Overview
| Parameter | Details |
|---|---|
| Issue Size | ₹2,800 Crores |
| Fresh Issue | ₹2,800 Crores |
| Face Value | ₹10 per share |
| Price Band | ₹223 to ₹235 |
| Market Lot | 63 Shares |
| Minimum Investment | ₹14,805 (1 lot) |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
*Aegis Vopak Terminals IPO DRHP Draft Prospectus: Click Here
*Aegis Vopak Terminals IPO RHP Draft Prospectus: Click Here
- Application Lots Breakdown
| Category | Lot Size | Shares | Investment (₹) |
|---|---|---|---|
| Retail Min | 1 | 63 | ₹14,805 |
| Retail Max | 13 | 819 | ₹1,92,465 |
| S-HNI | 14 | 882 | ₹2,07,270 |
| B-HNI | 68 | 4,284 | ₹10,06,740 |
Aegis Vopak Terminals IPO: Financial Performance & Growth Analysis
Aegis Vopak has shown impressive growth over the last three years, shifting from loss in FY2023 to substantial profits in FY2024. The company’s focus on LPG terminals and clean energy logistics is clearly paying off.
- Financial Highlights (₹ in Crores)
| Period Ended | Revenue | Expenses | Profit After Tax | Total Assets |
|---|---|---|---|---|
| FY 2022 | 0.00 | 1.10 | (1.09) | 102.56 |
| FY 2023 | 355.99 | 353.39 | 0.08 | 3,481.48 |
| FY 2024 | 570.12 | 449.10 | 86.54 | 4,523.40 |
| Dec 2024 (9M) | 476.15 | 362.16 | 85.89 | 5,855.60 |
The turnaround in profits highlights sound operational execution and improved margins, making it a potential multibagger in the energy logistics space.
Aegis Vopak Terminals IPO: Valuation & Peer Comparison
With a debt-equity ratio of 2.59, the company is moderately leveraged but has managed to maintain strong EBITDA margins and decent RoNW, indicating efficient capital use.
- Valuation Metrics – FY2024
| KPI | Value |
|---|---|
| ROE | 8.68% |
| ROCE | 8.39% |
| EBITDA Margin | 71.19% |
| PAT Margin | 15.18% |
| Debt to Equity | 2.59 |
| EPS (Basic) | ₹1.00 |
| NAV | ₹13.27 |
| RoNW | 7.51% |
- Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Adani Ports & SEZ | 37.55 | 33.68 | 15.32% | 245.10 | 26,710.56 |
| JSW Infrastructure Ltd | 6.01 | 49.42 | 14.40% | 41.77 | 3,762.89 |
| Aegis Vopak Terminals (IPO-bound) | 1.00 | N/A | 7.51% | 13.27 | 570.12 |
Aegis Vopak Terminals IPO Objectives & Strategic Direction
The proceeds from the IPO will be utilised to:
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Repay or prepay existing borrowings.
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Fund the acquisition of a cryogenic LPG terminal in Mangalore.
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Meet general corporate purposes.
These steps align with the company’s goal to strengthen its pan-India LPG terminal infrastructure, which is vital for India’s clean energy roadmap.
Aegis Vopak Terminals IPO: Stakeholder Confidence
The company’s promoters include Aegis Logistics Ltd, Koninklijke Vopak N.V., and other global infrastructure investors. Their continued stake indicates confidence in AVTL’s growth roadmap.
Final Thoughts:
Aegis Vopak Terminals IPO offers a compelling opportunity for investors who prefer stability with a long-term outlook. The presence across key ports and focus on clean energy logistics make it a strategic player in India’s infrastructure growth. While short-term listing gains may be modest, long-term prospects appear solid.
Aegis Vopak Terminals is building India’s backbone in clean energy logistics with a proven track record, strong port presence, and forward-looking capex plans. This IPO stands out for its long-term value creation potential, even as it keeps safety, sustainability, and efficiency at its core.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
