Aegis Vopak Terminals Limited is coming up with an IPO with a fresh issue of 11.91 crore shares worth INR 2,800.00 crores. The company aims to repay or prepay certain outstanding borrowings, fund capital expenditure to acquire cryogenic LPG terminal, and fund general corporate purposes.

Aegis Vopak Terminals IPO – Important Dates

Aegis Vopak Terminals Limited IPO – Company Profile

Aegis Vopak Terminals Limited is India’s largest third-party owner and operator of tank storage terminals for LPG and liquid products, with a total capacity of ~1.50 million cubic meters for liquids and 70,800 MT for LPG, as of December 31, 2024.

With operations spread across five major ports, Haldia, Kochi, Mangalore, Pipavav, and Kandla, the company contributes 11.50% of India’s total LPG static capacity and 25.53% of third-party liquid storage capacity, offering integrated logistics through pipelines, ships, rail, and road.

Aegis Vopak Terminals Limited operates two LPG terminals and 16 liquid terminals, handling over 30 chemicals and 10+ edible and non-edible oils, supported by advanced storage, firefighting, and evacuation infrastructure across India’s key coastal import hubs.

Aegis Vopak Terminals Ltd IPO Fundamental Analysis

Aegis Vopak Terminals Limited’s financial analysis reveals a mixed performance. Revenue has increased along with equity, EPS, and RoNW; however, the rising debt-to-equity ratio could be a source of concern among investors. 

• Revenue Trend: The revenue increased from ₹3,559.91 million in March 2023 to ₹5,701.21 million in March 2024. The revenue for the 9th month period ended December 2024 is ₹4,761.49 million. 
• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
• Profitability: The profit after tax (PAT) increased from – ₹0.7 million in March 2023 to ₹865.44 million in March 2024, boosting investor confidence. The profit for the period ending December 2024 is ₹858.91 million.
• Earnings per Share (EPS): The diluted EPS increased from NA in March 2023 to ₹0.91 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the period ending December 2024 is ₹0.89. 
• Return on Net Worth (RoNW): The RoNW has risen from -0.01% to 7.51%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth.

Aegis Vopak Terminals IPO Financial Analysis

Aegis Vopak Terminals Limited IPO Peer Comparison

Aegis Vopak Terminals Limited shows strong face value, Adani Ports and Special Economic Zone Limited excels in revenue, and JSW Infrastructure Limited shows strength in NAV. 

Aegis Vopak Terminals Ltd IPO Objective

The main objective of Aegis Vopak Terminals Limited is to repay or prepay certain outstanding borrowings, fund capital expenditure to acquire cryogenic LPG terminal, and fund general corporate purposes. 

1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company: The company intends to utilise INR 20,159.53 million from the Net Proceeds for the repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company. 

2. Funding capital expenditure: The company intends to utilise INR 6,713.00 million from the Net Proceeds to fund capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. 

3. General corporate purposes: The company will deploy the remaining proceeds to fund general corporate purposes. 

Aegis Vopak Terminals IPO Risks And Challenges

Aegis Vopak Terminals Limited’s risks include operational vulnerabilities, high customer concentration, and promoter dependence, which could adversely impact its operations, financial condition, and overall business performance.

• The company’s terminal services and other operations are subject to operational risks that may adversely affect their business, the results of operations, and their financial condition. 
• The company’s significant portion of its revenue is derived from its top 10 customers. Any reduction in business or loss of these key customers could significantly impact revenues, cash flows, and financial stability.
• The company benefits significantly from its relationship with its Promoters. Any decline in this relationship could have an adverse effect on their business, results of operations, financial condition and cash flows.

Aegis Vopak Terminals Ltd IPO – Industry & Market Potential

India’s LPG demand reached 29.7 MMT in FY2024, recording a 6.2% CAGR since FY2014. Growth was primarily driven by household penetration under the Pradhan Mantri Ujjwala Yojana (PMUY) during FY2014 to 19.

LPG imports are projected to meet over 60% of India’s total LPG demand during FY2024–29, growing at a CAGR of 6–8%. Domestic LPG supply from refineries and fractionators is expected to remain stable at 11–12 MMT over the same period.

India is the third-largest consumer and second-largest importer of ammonia globally, with imports contributing ~15% of total demand. Demand, driven by fertilisers (98% share), is expected to grow at 2.1% annually. 

Aegis Vopak Terminals Limited IPO – Type of Offer

Aegis Vopak Terminals Limited is coming up with an IPO with a fresh issue of 11.91 crore shares worth INR 2,800.00 crores. The company aims to repay or prepay certain outstanding borrowings, fund capital expenditure to acquire cryogenic LPG terminal, and fund general corporate purposes.

Aegis Vopak Terminals IPO Offer Size

The offer size of Aegis Vopak Terminals Limited is INR 2,800.00 crores, consisting of a fresh issue of 11.91 crore shares. The company aims to repay or prepay certain outstanding borrowings, acquire cryogenic LPG terminal, and fund general corporate purposes.

Aegis Vopak Terminals Limited IPO Allotment Structure

Aegis Vopak Terminals Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.

● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

How to apply for the Aegis Vopak Terminals IPO?

To apply for the Aegis Vopak Terminals Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Aegis Vopak Terminals Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Aegis Vopak Terminals Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Aegis Vopak Terminals IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Aegis Vopak Terminals Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aegis Vopak Terminals Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Aegis Vopak Terminals Limited IPO:

● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Aegis Vopak Terminals Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Aegis Vopak Terminals Ltd IPO Offer Registrar

The registrar for the Aegis Vopak Terminals Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

MUFG Intime India Private Limited

(Formerly known as Link Intime India Private Limited)

C-101, 1st Floor, 247 Park

L.B.S. Marg, Vikhroli (West)

Mumbai 400 083

Maharashtra, India

Tel: +91 810 811 4949

E-mail: [email protected]

Website: mpms.mufg.com 

Aegis Vopak Terminals IPO – FAQs