Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, raised ₹1,260 crore from anchor investors ahead of its IPO, which will open for public subscription next week.

Key Highlights

• Aegis Vopak Terminals raised ₹1,260 crore from anchor investors, allocating 5.36 crore shares at ₹235 each.
• Prominent global and domestic funds participated, including American Funds, HDFC Mutual Fund, and SBI General Insurance.  

Aegis Vopak Terminals distributed 5,36,17,021 equity shares to 32 funds, with an upper price band of ₹235 per share. The total transaction size is ₹1,260 crore.

American Funds Insurance, HDFC Mutual Fund, Smallcap World Fund, 360 One, Motilal Oswal, SBI General Insurance, and Think India are among the anchor investors in Aegis Vopak Terminals IPO, according to a circular posted on the BSE's website.

Aegis Vopak Terminals IPO Details

The Aegis Vopak Terminals IPO will be open for subscriptions on Monday, May 26 and close on Wednesday, May 28. The IPO allotment date is expected to be May 29, followed by the IPO listing date on June 2. The company's shares will be listed on the BSE and NSE.

Aegis Vopak Terminals' IPO price range is set at ₹223 to ₹235 per share. Through a book-building issue of 11.91 crore equity shares at the upper price band, the company hopes to raise ₹2,800 crore.

At the higher end of the price range, the company is worth about ₹26,000 crore.

The company plans to use the ₹2,016 crore proceeds from the new issue to pay off debt, ₹671.30 crore to buy a cryogenic LPG terminal in Mangalore, and the remaining amount for general business needs.

The book running lead managers for the Aegis Vopak Terminals IPO are ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank, while the IPO registrar is MUFG Intime India Private Limited (Link Intime).

Storage tank terminals are owned and run by Aegis Vopak Terminals all over India. These terminals provide safe storage for gases like LPG, propane, and butane as well as liquids like petroleum, vegetable oil, lubricants, and chemicals.