Aegis Vopak Terminals is one of the best companies in terms of Tank storage terminals for LPG and liquid products, and received a SEBI permit for an IPO of ₹3500 crore. This IPO focused on fresh issues of ₹3,500 crores with a face value of ₹10 per share.
However, the IPO documents were filed on November 18, 2024.
Further, ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank are the merchant bankers as they are going to handle public issues.
Aegis Vopak terminal joins a partnership with Aegis Logistics and holds a 50.1% stake, while Netherland-based global leader, Vopak India BV, owns a 47.31% stake of AVTL.
Aegis Vopak terminal might raise ₹700 crore in the pre-IPO placement process. If it is successful, the fresh issue size would be reduced.
Aegis Vopak Terminals Fresh Issue’s Funds Deployment
This company has decided on the fresh issue, where it should be utilised, is below the line.
- The company would be allocated the net proceeds from the issue for repaying all the loans availed by it.
- financing capital expenditures for the contracted acquisition of the cryogenic LPG terminal in Mangalore.
- The rest of the money would be used for the general purpose.
AVTL is committed to supporting India’s shift to sustainable energy. Following top health, safety, and environmental standards, they ensure that their operations always offer efficient and reliable storage and logistics solutions.
As of September 2024, the company has a total debt of ₹2,546.7 crore. Seems like this IPO is expected to significantly reduce the company’s debt.
For the quarter ending September 2024, the company’s revenue was ₹1,750 crore, while it was ₹1,235 crore in Q1 FY24. Moreover, net profit also increased to ₹152 crore, a 1.3% rise from ₹150 crore last year.
Aegis Vopak Terminals IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Aegis Vopak Terminals Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹0.00 | ₹1.10 | ₹1.09 |
| 2023 | ₹355.99 | ₹353.39 | ₹0.08 |
| 2024 | ₹570.12 | ₹449.10 | ₹86.54 |
| June 2024 | ₹156.37 | ₹119.82 | ₹25.78 |
Aegis Vopak Terminals IPO Valuation – FY2024
Aegis Vopak Terminals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 7.51% |
| Net Asset Value (NAV): | ₹13.27 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Adani Ports and Special Economic Zone Limited | 37.55 | 33.68 | 15.32% | 245.10 | 26,710.56 Cr. |
| JSW Infrastructure Limited | 6.01 | 49.42 | 14.40% | 41.77 | 3,762.89 Cr. |
Objects of the Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company;
- Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- BNP Paribas
- IIFL Capital Services Limited
- Jefferies India Private Limited
- HDFC Bank Limited
