Aegis Vopak Terminals IPO: The initial public offering (IPO) of Aegis Vopak Terminals Limited, a liquid logistics and terminal storage infrastructure firm, opened on May 26, witnessed a lukewarm response on its first day share sale window. As per the BSE data, the IPO has seen an overall subscription of 25 per cent until 4 pm, with bids received for 1.75 crore shares against a total offer size of 6.90 crore shares.
Category-wise subscription status:
The QIBs have applied a bid for 1.48 crore shares against the reserved 3.76 crore shares, translating to a 39 per cent subscription. While the non-institutional investors’ (NIIs) portion has been subscribed to 2 per cent with 4.47 lakh shares bid against 1.88 crore shares on offer.
Meanwhile, the retail individual investors (RIIs) showed higher participation and applied for 22.62 lakh shares, a 18 per cent subscription against their reserved portion of 1.25 crore shares.
The IPO, which is entirely a fresh issue worth Rs 2,800 crore and does not include any offer-for-sale (OFS) component, indicates that the funds will go directly into AVTL’s business operations and expansion plans.
Aegis Vopak Terminals IPO Details: Price band, issue size, important dates, more
Aegis Vopak Terminals is offering its shares in a price band of Rs 223 to Rs 235 per share, with a face value of Rs 10. The IPO consists of 11,91,48,936 equity shares at the upper price band, and the estimated post-issue market capitalisation is expected to be between Rs 24,851 crore and Rs 26,038 crore.
Here are other details of the IPO:
- IPO Size: Rs 2,800 crore (100 per cent fresh issue)
- Price Band: Rs 223 – Rs 235 per share
- Lot Size: 63 shares and in multiples thereafter
- Registrar: MUFG Intime India Pvt Ltd
- Book Running Lead Managers (BRLMs): ICICI Securities, BNP Paribas, IIFL Capital, Jefferies India, and HDFC Bank
Here is an allocation breakdown across categories:
QIBs: 75 per cent
NIIs: 15 per cent
RIIs: 10 per cent
The IPO will remain open for subscription until May 28, 2025.
