Aegis Vopak Terminals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Aegis Vopak Terminals Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹235
Per ShareLot Size
63 Shares
Minimum Investment
₹14,805
Issue Size
₹2,800 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
0%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Aegis Vopak Terminals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.41%
Promoter Holding (Post-Issue)
86.93%
Issue Type
Book Building
ISIN
INE0INX01018
About the Company
We build, own and operate a network of storage tank terminals and offer secure storage facilities and associated infrastructure for liquids such as petroleum, vegetable oil, lubricants, and various categories of chemicals and gases such as LPG, propane and butane. We currently own and operate two LPG storage terminals across two Indian ports, and 18 liquid storage terminals across six Indian ports.
Industry Overview
The location of storage terminals at specific ports is a major differentiator in the terminalling business. Storage terminals at ports that are closer to major shipping routes enjoy a competitive advantage. The strategic and well-connected location of terminals increases evacuation speed by offering pipeline, rail, and road options, reducing last-mile delivery costs, and improving delivery times.
Company History
Our Company was incorporated as `Aegis LPG Logistics (Pipavav) Limited', a public limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated May 28, 2013, issued by the RoC and received a certificate for commencement of business dated June 20, 2013 from the RoC. Subsequently, pursuant to a resolution passed by our Board on July 29, 2021, and by our Shareholders on August 6, 2021, the name of our Company was changed from `Aegis LPG Logistics (Pipavav) Limited' to `Aegis Vopak Terminals Limited' and a fresh certificate of incorporation consequent to the change in name of our Company was issued by the RoC on August 23, 2021.
Products & Services
- We build, own and operate a network of storage tank terminals and offer secure storage facilities and associated infrastructure for liquids and gases.
Growth Strategy
- Strategically Expand our Network of Terminals at Existing Locations and Add New Locations.
- Enhance Customer Value Proposition by Expanding Infrastructure at Existing Locations
- Invest in Capabilities to Address Alternative Energies.
- Pursue Inorganic Growth Opportunities.
- Venture into Establishing Industrial Terminals.
- Strategically Develop Inland Depots.
Customer Base
wholesaler and retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 119,148,936 equity shares of face value of Rs. 10/- each ("Equity Shares") of Aegis Vopak Terminals Limited (the "Company" or the "Issuer") for cash at a price of Rs. 235/- per equity share (Including a Share Premium of Rs. 225/- per Equity Share) ("Issue Price") aggregating to Rs. 2800.00 crores (the "Issue"). The issue shall constitute 10.75% of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- India's Largest Third-Party Owner and Operator of Tank Storage Terminals for LPG and Liquid Products.
- Strategically Located Necklace of Terminals across the Indian Coast
- Track Record of Consistently Expanding Capabilities and Well-Equipped Storage Infrastructure
- Backed by Established promoters and Supported by a Strong Management Team
- Relationships with Diversified Customer Base.
- Its terminal services and other operations are subject to operational risks that could adversely affect its business, results of operations and financial condition.
- The company derived 42.07%, 44.56%, 47.20% and 44.76% of its revenue from the company's top 10 customers in the last in Fiscal 2023 and 2024 and in the nine months ended December 31, 2023 and 2024, respectively. Any deterioration of their business, substantial reduction in their dealings with it or a loss of any of these customers could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company significantly benefit from its relationship with the company Promoters. Any decline in this relationship could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company operates as a joint venture between Aegis Logistics Limited and Vopak India BV and any conflicts between its Promoters could result in potential disruption in the company business and operations, which may adversely affect its business, results of operations, financial condition and cash flows.
- The majority of its terminals are situated across the west coast of India. The company generated 91.61%, 92.28%, 91.31% and 92.82% in Fiscal 2023 and 2024 and in the nine months ended December 31, 2023 and 2024, respectively. Any adverse developments affecting its operations in such region, could have an adverse impact on its business, financial condition, results of operations and cash flows.