IPO Details
Bidding Dates
26 May 25 - 28 May 25
Lot Size
63
Price Range ₹
223 - 235
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
26 May 2025
Offer end
28 May 2025
Allotment
29 May 2025
Refund initiation
30 May 2025
Demat transfer
30 May 2025
Listing
--
Offer start
26 May 2025
Offer end
28 May 2025
Allotment
29 May 2025
Refund initiation
30 May 2025
Demat transfer
30 May 2025
About Company
Aegis Vopak Terminals Limited (AVTL), incorporated in 2013, operates storage terminals for liquefied petroleum gas (LPG) and a variety of liquid products such as petroleum, chemicals, vegetable oils, and gases like propane and butane. As of June 30, 2024, the company manages a total storage capacity of around 1.5 million cubic meters for liquid products and 70,800 metric tons for LPG. AVTL conducts its operations through two main divisions: one focused on LPG storage and handling, and the other on storing liquid products, including over 30 types of chemicals and more than 10 types of edible and non-edible oils. It operates two LPG terminals and sixteen liquid storage terminals across five major Indian ports—Haldia, Kochi, Mangalore, Pipavav, and Kandla—serving coastal shipping, imports, and exports. The company’s workforce has grown significantly, from 24 employees in 2022 to 392 by June 2024.
Year Founded
28-05-2013
Promotor Details
Raj K Chandaria
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97.41 | 0 |
| Share Capital | 963225957 | 0 |
Project Details
- Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalor - 6713cr
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company - 20271.83cr
Objectives
- 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
- andGeneral corporate purposes
Highlights
- Aegis Vopak is India’s largest independent tank storage operator for LPG and liquids, giving it strong market leadership.
- The company’s terminals are strategically located across five key Indian ports, enabling it to handle approximately 23% of liquid imports and 61% of total LPG imports in the country—this geographic diversification supports consistent utilization rates and long-term contracts.
- The IPO proceeds, entirely from a fresh issue, will be utilized mainly for debt reduction and expansion, improving the company’s balance sheet health and positioning it better for future growth without OFS-related capital drain.
- Backed by Aegis Logistics and global major Vopak, bringing strong technical and operational expertise.
- Rising energy demand and import dependency in India offer strong long-term growth visibility for its business.
Challenges
- High debt of ₹2,584 crore as of June 2024 could limit short-term financial flexibility despite planned repayments.
- The terminal business is highly capital-intensive and requires continuous investment in safety systems, environmental compliance, and infrastructure upgrades, potentially reducing free cash flows.
- The company’s revenues are primarily dependent on a limited range of products—mainly petroleum, LPG, and chemicals—making it vulnerable to sector-specific risks and global commodity price fluctuations.
- A ₹700 crore preferential issue ahead of the IPO, if executed, could dilute equity and impact the eventual public issue size or valuation, potentially affecting investor sentiment.
- The Indian storage and logistics sector is seeing increased competition from both local port operators and global players, which could pressure pricing and market share in the long run.
