(AVTL) Aegis Vopak Terminals join partnership with promoters Aegis Logistics a listed oil, gas, and chemicals logistics company from India and Netherland-based global leader, Royal Vopak to raise ₹3500 crore funds.
The largest Third-party owner and operator of tank storage terminal company, Aegis Vopak terminal has filed a red draft herring prospectus with SEBI and plans to raise Rs 3500 crore via an initial public offering.
This IPO is solely focused on fresh issues of equity shares with a face value of ₹10 each and there will be no offer for sale component. As a result, all the money raised from the IPO will go directly to the company. The public issue is managed by merchant bankers ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank.
Aegis Vopak Terminal might raise to 700 crore before its IPO launch for subscription. This process is known as pre-IPO placement, if the company decides to go with this, the ₹700 crore raised will be subtracted from the total amount (₹3,500 crore) it plans to raise in the IPO through the fresh issue.
Aegis Vopak terminal joins partnership with Aegis logistics and holds a 50.1% stake, while Netherland-based global leader, Royal Vopak owns 47.31% stake of AVTL. While the public shareholders own a 2.59 percent stake in the company.
AVTL plans to use ₹2,027.2 crore from the funds raised through the IPO to pay off its existing debt borrowed from certain companies. Additionally, ₹671.3 crore will be used for company expenses. While the remaining ₹805 crore funds will be used for general corporate purposes.
AVTL is committed to supporting India’s shift to sustainable energy. Following top health, safety, and environmental standards, ensuring 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, up 42% from ₹1,235 crore in Q1 FY24. Net profit 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 | ₹0.003 | ₹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 Infrastructur e 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
