Company Overview: Aegis Vopak Terminals Ltd
Aegis Vopak Terminals Ltd is a joint venture between Aegis Logistics Ltd and Royal Vopak, a Dutch multinational specializing in tank storage for bulk liquids.
The company operates a network of terminals across India, providing storage and handling services for petroleum products, chemicals, and liquefied gases.
With strategic locations in major ports, Aegis Vopak plays a crucial role in India’s energy infrastructure.
Aegis Vopak Terminals Financial Details
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Revenue (FY24): ₹2,850 crore
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Net Profit (FY24): ₹310 crore
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EBITDA Margin: Approximately 22%
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Return on Equity (ROE): 15.2%
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Debt-to-Equity Ratio: 0.45
The company has demonstrated consistent financial performance, with steady revenue growth and healthy profitability margins over the past three years.
Aegis Vopak Terminals IPO Details
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IPO Dates: May 26–28, 2025
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Price Band: ₹223–₹235 per share
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Issue Size: ₹3,500 crore
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Fresh Issue: ₹2,500 crore
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Offer for Sale (OFS): ₹1,000 crore
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Lot Size: 64 shares
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Minimum Investment: ₹15,040
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Listing Date: Expected on June 2, 2025
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Stock Exchanges: BSE and NSE
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Registrar: Kfin Technologies
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Book Running Lead Managers (BRLMs): ICICI Securities, Axis Capital, HDFC Bank, and SBI Capital Markets
Aegis Vopak Terminals Valuation Metrics
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Price-to-Earnings (P/E) Ratio: Approximately 25x based on FY24 earnings
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Industry Average P/E Ratio: Around 22x
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Price-to-Book (P/B) Ratio: 3.2x
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Enterprise Value to EBITDA (EV/EBITDA): 12.5x
The company’s valuation is slightly above the industry average, reflecting its strong market position and growth prospects.
Anchor Investor Participation
Prior to the IPO, Aegis Vopak Terminals secured ₹1,400 crore from anchor investors, including prominent institutions such as BlackRock, Fidelity, and HDFC Mutual Fund. This strong anchor book indicates robust institutional interest in the offering.
Aegis Vopak IPO Grey Market Premium (GMP)
As of May 26, 2025, the grey market premium for Aegis Vopak Terminals’ IPO is approximately ₹18–₹20 per share. This suggests an expected listing price of around ₹253–₹255, indicating a premium of 7.5% to 8.5% over the upper end of the price band.
Having said that GMP does not mean in anyway a recommendation for an IPO, the financials of a company and its future prospectus tells a lot.
Here is the thing no one can tell you whether the IPO will going to make a stellar debut or not, it is you who have to decide based on available information about the company.
Moreover the IPO’s now a days are very hot market every one wants to earn some quick money on listing day itself and there is nothing wrong about it.
One must not forget to check the financials and do not fall for any recommendation from anyone, it is you hard earned money, you should decide whether to opt for the IPO or not.
You may have watch various YouTube channels or read on different websites about recommendation for stocks and IPO, it is my humble suggestion and request please do not ever fall prey to it. Better than this is to invest in ETF’s?.
Therefore, whenever you are buying IPO make sure the money invested is not the one which you my need it urgently, always use extra money which you may not require in near future, Otherwise stay away completely.
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Aegis Vopak Peer Comparison
Company |
Revenue (FY24) |
Net Profit (FY24) |
P/E Ratio |
P/B Ratio |
|---|---|---|---|---|
Aegis Vopak Terminals |
₹2,850 crore |
₹310 crore |
25x |
3.2x |
Adani Ports & SEZ |
₹20,000 crore |
₹3,800 crore |
24x |
4.5x |
Gujarat Pipavav Port |
₹1,200 crore |
₹250 crore |
22x |
2.8x |
Aegis Vopak’s valuation is in line with industry peers, with a strong financial profile and strategic asset base.
Checkout Schloss Bangalore Ltd IPO – Check Date, Price, GMP, Financial Details, Peers Comparison
Frequently Asked Questions (FAQs)
Q1: How can I apply for the Aegis Vopak Terminals IPO?
You can apply through your broker’s platform using the UPI-based ASBA (Application Supported by Blocked Amount) method.
Q2: What is the minimum investment required?
The minimum investment is ₹15,040 for one lot of 64 shares.
Q3: When will the shares be listed?
The shares are expected to be listed on June 2, 2025, on both BSE and NSE.
Q4: What is the purpose of the IPO?
The proceeds from the IPO will be used for debt repayment, expansion of terminal capacities, and general corporate purposes.
Where To Check Aegis Vopak IPO Application And Allotment Status?
As an investor or trader generally we are curious and anxious to know the results of the application as soon as possible. To ease the anxiety, both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have come up with dedicated pages and links which investors can use.
NSE
The NSE has an IPO bid verification module. It can be used to verify the IPO application details uploaded on the exchange bidding system by your member/bank. The data of the bid details uploaded by the member/bank would be available on T+1 day (where T would be date receipt of bid on NSE platform).
In addition, the data would be available until six days after the issue closure date. This gives the investor enough time to verify the data and instruct the member/bank to make any changes, if required.
Exchange will also provide allotment information as provided by the registrar to the issue.
An investor can avail this facility by registering using his/her PAN details. After registration, the investor will receive an email notification from NSE on the registered email address. That email will provide the login details.
The following link can be used for the same:
https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
BSE
The BSE has also come up with a similar platform.
This unique facility allows investors to verify the status of their application submitted to a Trading Member or a SCSB (Self-Certified Schedule Banks).
The investor can check his application status/information on the website until one week after issue close.
The following link can be used by investors:
https://www.bseindia.com/investors/appli_check.aspx
Important Things To Keep In Mind Before Applying For IPO’s:
- Try to fill for the same IPO online from different DP ID i.e. if in your family have more than 1 account you can possibly get the allocation done in case of over subscription.
- You should have a good knowledge of the sector and the company you are planning to invest.
- Analysis of the company’s balance sheet is very crucial. A clear understanding of the company’s future projects and vision is very necessary to know whether it will have a sustainable future.
- Investment decision has to be taken carefully and not in a hurry.
- Read as much as you can about the company, its objectives for launching the IPO, its past history in business and its futures prospectus.
- Don’t go for hype in the news, your analysis should be based on facts rather than gossips and rumors.
- Many IPOs are oversubscribed. What this means is that the demand for shares is much higher than the shares available for sale. In such a situation, it is no surprise that many investors fail to get any shares allotted to them. This is why it is advisable to apply for IPO shares on the last day of bidding. This way, one can have a good estimate on how large the subscription will be. Also, in that case, one should bid for just one lot and not unnecessarily lock up their capital.
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Conclusion
Aegis Vopak Terminals Ltd’s IPO offers investors an opportunity to participate in India’s growing oil and gas logistics sector. With a strong financial track record, strategic partnerships, and robust demand for energy infrastructure, the company is well-positioned for future growth.
However, investors should consider the slightly premium valuation and assess their investment objectives accordingly.
