Aegis Vopak Terminals Limited (AVTL) is a company that owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.
The company provides safe storage and related infrastructure for products like petroleum, vegetable oils, lubricants, chemicals, and gases such as propane and butane.
As of June 30, 2024, AVTL manages a total storage capacity of around 1.50 million cubic meters for liquid products and 70,800 metric tons (MT) for LPG.
AVTL runs its business through two main divisions:
- Gas Terminal Division: Focuses on storing and handling LPG, including propane and butane.
- Liquid Terminal Division: Handles storage for liquid products like petroleum, chemicals, and vegetable oils. The company manages over 30 types of chemicals and more than 10 types of edible and non-edible oils.
The company operates two LPG storage terminals and 16 liquid storage terminals located across five major ports in India. These terminals handle coastal shipping, imports, and exports.
The terminals are located in the ports of Haldia, West Bengal (“Haldia Terminal”), Kochi, Kerala (“Kochi Terminal”), Mangalore, Karnataka (“Mangalore Terminal”), Pipavav, Gujarat (“Pipavav Terminal”), and Kandla, Gujarat (“Kandla Terminal”) have an aggregate storage capacity of approximately 1.50 million cubic meters for liquid products and 70,800 MT of static capacity for LPG.
As of March 31, 2022, 2023 and 2024 and June 30, 2023 and 2024 we had 24, 316, 396, 366, and 392 full-time employees, respectively.
Aegis Vopak Terminals IPO – Details
| IPO Opening Date | 26 May 2025 |
| IPO Closing Date | 28 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 14,89,36,170 Shares Worth ₹3500 Crore Fresh Issue: 14,89,36,170 Shares Worth ₹3500 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹223 – ₹235 per share |
| Market Lot | 63 Shares |
| Min Order | 63 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Aegis Vopak Terminals IPO – Date Schedule
| IPO Open Date | 26 May 2025 |
| IPO Close Date | 28 May 2025 |
| Basis of Allotment | 29 May 2025 |
| Initiation of Refund | 30 May 2025 |
| Credit of Shares to Demat Account | 30 May 2025 |
| IPO Listing Date | 02 June 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2025 |
Aegis Vopak Terminals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,805 |
| Retail (Max) | 13 | 819 | ₹1,92,465 |
| S-HNI (Min) | 14 | 882 | ₹2,07,270 |
| S-HNI (Max) | 67 | 4,221 | ₹9,91,935 |
| B-HNI (Min) | 68 | 4,284 | ₹10,06,740 |
Competitive Strength
- 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.
- Focus on Sustainability and Health and Safety.
- Strong Financial Metrics with a Growing Margin Profile and Return Metrics.
Company Promoters
- Aegis Logistics Limited
- Huron Holdings Limited
- Trans Asia Petroleum INC
- Asia Infrastructure Investment Limited
- Vopak India B.V.
- Koninklijke Vopak N.V.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 0 | 1.09 | -1.09 | 98.10 |
| 31 March 2023 | 355.99 | 353.39 | -0.08 | 1,745.17 |
| 31 March 2024 | 570.12 | 449.10 | 86.54 | 2,586.42 |
| 30 June 2024 | 156.37 | 119.81 | 25.77 | 2,584.18 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.68% |
| ROCE | 8.39% |
| Debt/Equity | 2.59 |
| RoNW | 7.51% |
| PAT Margin | 15.18 |
| Price to Book Value | 17.71 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.88 | 0.91 |
| P/E (x) | 268.51 | 259.32 |
Object Of The Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company.
- Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore.
- General corporate purposes.
Aegis Vopak Terminals IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Adani Ports and Special Economic Zone Limited | 33.68 |
| 2 | 2 | JSW Infrastructure Limited | 49.42 |
Aegis Vopak Terminals IPO Promoter Holding
| Pre Issue Share Holding | 97.41% |
| Post Issue Share Holding | 86.93% |
Aegis Vopak Terminals IPO Prospectus
- Aegis Vopak Terminals IPO DRHP
- Aegis Vopak Terminals IPO RHP
Company Contact Information
| Aegis Vopak Terminals Limited 502, Skylon, G.I.D.C, Char Rasta, Vapi, Valsad, 396195, Gujarat, India Phone: +91 22 4193 6666 Email: secretarial@aegisindia.com Website: http://www.aegisvopak.com/ |
Aegis Vopak Terminals IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: aegisvopak.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Aegis Vopak Terminals IPO Lead Manager(s)
| 1. BNP Paribas 2. IIFL Securities Limited 3. ICICI Securities Limited 4. HDFC Bank Limited 5. Jefferies India Private Limited |
Aegis Vopak Terminals IPO FAQs
| What is Aegis Vopak Terminals IPO? Aegis Vopak Terminals IPO is a main-board IPO. The issue is priced at ₹223 to ₹235 per equity share. The IPO is to be listed on BSE & NSE. |
| When Aegis Vopak Terminals IPO will open? The IPO is to open on 26 May 2025 for QIB, NII, and Retail Investors. |
| What is Aegis Vopak Terminals IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Aegis Vopak Terminals IPO? You can apply Aegis Vopak Terminals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aegis Vopak Terminals IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aegis Vopak Terminals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aegis Vopak Terminals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aegis Vopak Terminals IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aegis Vopak Terminals IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aegis Vopak Terminals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aegis Vopak Terminals IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aegis Vopak Terminals IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aegis Vopak Terminals IPO Size? Aegis Vopak Terminals IPO size is ₹3,500.00 Crore. |
| What is the Aegis Vopak Terminals IPO Price Band? Aegis Vopak Terminals IPO Price Band is ₹223 to ₹235. |
| What is Aegis Vopak Terminals IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 63 Shares with ₹14,805 amount while the maximum bid is 819 Shares with ₹1,92,465. |
| What is the Aegis Vopak Terminals IPO Allotment Date? Aegis Vopak Terminals IPO allotment date is 29 May 2025. |
| What is the Aegis Vopak Terminals IPO Listing Date? Aegis Vopak Terminals IPO listing date is 02 June 2025. The IPO is to be listed on BSE and NSE. |
