Aegis Vopak Terminals IPO Review, Analysis, Good or Bad

As an investor, deciding whether to apply for or not for an IPO can often be challenging. If you are confused and worried about whether to Apply or Not the Aegis Vopak Terminals IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Aegis Vopak Terminals IPO review which will help you to make the decision.

Strengths and Weaknesses of Aegis Vopak Terminals IPO

Strengths: 

• Aegis Vopak terminals are India’s largest third-party owner and Operator of Tank Storage Terminals for LPG and Liquid Products
• The company has maintained a track record of always expanding capacity and upgrading infrastructure, which will help the need to meet the storage needs for liquid and gas.
• The company successfully runs its business smoothly, all due to the hard work of its strong management team and well-established promoters.
• The company’s goal is to successfully run its business by following the ESG principles that will not only effectively balance the strong financial performance but also choose a sustainable track to care for the environment and support local communities. 

Weaknesses:

• The company runs its business smoothly, all thanks to its promoters. If any issue occurs in the relationship with our promoters, it can badly impact the company’s financial performance, cash flow, and overall condition.
• The company works as a joint venture between Aegis Logistics Limited and Vopak India BV. If any issue occurs between the promoters could negatively affect the performance, finances, and cash flow.
• Aegis Vopak Terminals runs its business on the activity and spending in the oil and gas sector. Any issue that arises in the development of oil and gas can affect the company’s financial performance, cash flow, and overall condition.
• If any damage, repairs, or upgrades occur to their terminal can negatively affect the overall business. 

Details of Aegis Vopak Terminals IPO

Aegis Vopak Terminals IPO Open and closing date?

The opening date of Aegis Vopak Terminals IPO is May 26, 2025, and the closing date is May 28, 2025.

What is the size of the Aegis Vopak Terminals IPO? 

Aegis Vopak Terminals decided to raise around ₹2,800 crores through an IPO. This IPO is entirely a fresh issue of ₹2,800 crores with no Offer-for-sale component, with a face value of 10 each. 

What are the subscription details of the Aegis Vopak Terminals  IPO?

Aegis Vopak Terminal’s IPO price band is set at ₹223 to ₹235 per share. In this IPO, a total of 63 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 819 shares in 13 lot sizes were available. For the S-HNI Minimum category, 882 shares were available in 14 lot sizes. While for the B-HNI Minimum category 4,284 shares were available in 68 lot sizes. 

To invest in this IPO, each investor category has specific investment amounts:

• Retail Investors: Minimum investment of ₹14,805 and maximum investment of ₹1,92,465.
• Small HNI (S-HNI): Minimum investment of ₹2,07,270.
• Big HSI (S-HNI): A minimum investment of ₹10,06,740 is required.

What is the Aegis Vopak Terminals IPO listing Date?

Aegis Vopak Terminals is a Mainboard IPO whose shares will be listed on June 2, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).

What are the objectives of the Aegis Vopak Terminals IPO Issue?

The main reason behind raising funds via a fresh issue is to handle the Repayment or prepayment of all or a portion of certain outstanding borrowings taken by the Company. Some of the funds will be used towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. Lastly, the remaining funds will be utilized for the company’s general corporate purposes.

About Aegis Vopak Terminals   

Incorporated in 2013, Aegis Vopak terminal is one of the largest companies involved in managing tank storage terminals for liquid petroleum gas LPG and liquid products across six major Indian ports, including Haldia, Kandla, Pipavav, the upcoming JNPT, Mangalore, and Kochi. As of June 30, 2024, the company runs a network of storage tank terminals with a total capacity of about 1.50 million cubic meters for liquid products and 70,800 metric tons for LPG. Aegis Vopak offers secure storage facilities and supporting infrastructure for various liquids such as petroleum, vegetable oils, lubricants, chemicals, and LPG gases. Since the establishment of the company, Aegis Vopak terminal goal is to provide reliable and productive storage and logistics services. 

Aegis Vopak Terminals  Financials

The company reported revenue of ₹570.12 crores in 2024 against ₹355.99 crores in 2023. The company reported a profit of ₹86.54 crores in 2024 against a loss of ₹0.08 crores in 2023.

Aegis Vopak Terminals IPO Promoters

Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum Inc., Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V. are the promoters of the company.

Who are the Aegis Vopak Terminals IPO lead managers and registrar?

ICICI Securities Limited, BNP Paribas, Iifl Securities Ltd, Jefferies India Private Limited, Hdfc Bank Limited are the lead managers of Aegis Vopak Terminals, while MUFG Intime India Private Ltd is the registrar of the company.

Should you Apply or not for the Aegis Vopak Terminals IPO?

Being the largest third-party operator of a tank storage terminal for LPG and liquid products, holding about 26.64% of India’s third-party liquid storage capacity as of June 30, 2024. The company provides secure storage facilities and supporting infrastructure for liquids and gases like petroleum oil, Lubricants, and LPG. Aegis Vopak Terminals can be a good company to invest in as it is exposed to India’s expanding infrastructure for the storage of chemicals and energy. In FY24, the company generated a revenue of ₹5,617.61 from operations, with Profit After Tax surging to ₹865.44. Aegis Vopak Terminals is backed by well-known promoters and a strong business model.

 Their financial growth and revenue are also amazing, making them a trustworthy company. However, investors should apply for this IPO after checking the company’s financial background, risks, and deciding whether to apply for the IPO or not.