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Aegis Vopak Terminals IPO
2.19xsubscribed

Aegis Vopak Terminals IPO

listed
₹14,049Min. investment

Aegis Vopak Terminals Limited IPO Details

Price range₹223 – ₹235
IPO type
Regular
Lot size63 shares
Issue size₹2,800Cr
Red Herring Prospectus
Read
Market cap
₹26,037CrLower than sector avg
RevenueApr 8 - Mar 9
₹561.76CrLower than sector avg

Aegis Vopak Terminals IPO Subscription Status

Date
QIB
NII
Retail
Total
26-May-25
0.41 times (X)
0.03 times (X)
0.21 times (X)
0.27 times (X)
27-May-25
0.45X
0.12X
0.46X
0.36X
28-May-25
3.47X
0.56X
0.8X
2.19X

As on 26-May-25, 5:30 PM

Aegis Vopak Terminals IPO Timeline

  1. Pre-apply
    23 May 2025
  2. Bid start
    26 May 2025
  3. Bid end
    28 May 2025
  4. Allotment
    29 May 2025
  5. Release of funds
    30 May 2025
  6. Demat transfer
    30 May 2025
  7. Listing
    2 Jun 2025

About Aegis Vopak Terminals Limited

Founded in 2013, Aegis Vopak Terminals is one of India’s largest third-party owners and operators of tank storage terminals for LPG and liquid products. The company has a network of terminals with an aggregate storage capacity of approximately 1.50 million cubic metres for liquid products and 70,800 MT of static capacity for LPG.
The company operates across two primary business divisions — the gas terminal division, which involves storage and handling of LPG (including propane and butane), and the liquid terminal division, which manages storage of petroleum, chemicals, vegetable oils, and other products.

Aegis Vopak Terminals Limited IPO Analysis

IPO REVIEW

Aegis Vopak Terminals IPO | Analysis Video

Should you apply?

Watch our analysts break down the Aegis Vopak Terminals Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Largest operator of storage terminals

The company is one of India's largest third-party owner and operator of tank storage terminals for LPG and liquid products, with a network holding approx 1.50 million cubic metres for liquids and 70,800 MT for LPG, contributing approx 11.52% of national LPG capacity and ~25.53% of third-party liquid storage.

Strategic location

The company operates a strategically located network of LPG and liquid storage terminals across key Indian ports, forming a 'necklace of terminals' that handle approx 23% of liquid and approx 61% of LPG imports as of December 31, 2024.

Capacity expansion

The company demonstrates a strong track record of capacity expansion and modernisation, with well-equipped LPG and liquid terminals featuring advanced infrastructure, multimodal evacuation, and capital investments of over ₹4,756.45 crore from FY22 to 9MFY25.

Strong financial performance

The company has a strong financial performance, with revenue increasing from ₹353.33 crore in FY23 to ₹561.76 crore in FY24, and EBITDA rising from ₹231.96 crore to ₹405.89 crore over the same period. Backed by industry-leading efficiency and low capital intensity, they have also maintained high EBITDA margins of 65.16% in FY23 and 71.19% in FY24.

Diversified customer base

The company serves a diversified customer base of over 400 clients across sectors and geographies, leveraging promoter relationships and strategic locations to ensure low customer concentration, high repeat business, and long-term partnerships.

Objectives of Aegis Vopak Terminals Limited IPO

Repayment of borrowings
71.00%
The company will use ₹2,015 crore to repay outstanding borrowings.
Capital Expenditure
23.90%
₹671.30 crore allocated for Mangalore cryogenic LPG terminal acquisition.
General corporate purposes
5.10%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Compare

CompanyRevenue*PATMarket capP/E ratioD/E ratio
This IPO₹561.76Cr₹86.54Cr₹26,037Cr235.001.32
This sector (avg.)₹36,827.94Cr₹2,290.81Cr₹31,396.74Cr9.900.20
₹6,63,262.31Cr₹38,328.61Cr₹3,38,359.2Cr9.260.55
₹36,163.75Cr₹7,039.63Cr₹82,965.13Cr13.890.62
₹576.13Cr-₹78.76Cr₹2,379.84Cr---0.11

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

Aegis Vopak Terminals IPO Contact Details

Company NameAegis Vopak Terminals Limited

How to apply for Aegis Vopak Terminals IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Aegis Vopak Terminals Limited IPO FAQs

Investors can apply for the Aegis Vopak Terminals IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Aegis Vopak Terminals IPO is 2800 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Aegis Vopak Terminals IPO will be open between 2025-05-26 and 2025-05-28.
Aegis Vopak Terminals IPO allotment date is 2025-05-30. For Aegis Vopak Terminals IPO allotment status check, you can visit the website of the registrar of the IPO.
For Aegis Vopak Terminals IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Aegis Vopak Terminals IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Aegis Vopak Terminals IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Aegis Vopak Terminals IPO lot size is 63 and minimum order quantity is 63.
Aegis Vopak Terminals IPO has set the price band for its IPO at 235 per equity share with a face value of 10.