Aegis Vopak Terminals IPO: Rs 3,500 Cr, Sebi Filing
By Rediff Money Desk, New Delhi Nov 19, 2024 18:35
Aegis Vopak Terminals, a subsidiary of Aegis Logistics, has filed draft papers with Sebi for an IPO to raise Rs 3,500 crore. The IPO will be used to pay debt, fund expansion, and general corporate purposes.

New Delhi, Nov 19 (PTI) Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, has filed draft papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial public offering (IPO).
The proposed IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP).
Besides, the tank storage company for LPG and chemicals may raise up to Rs 700 crore through a pre-IPO placement. If such a placement is carried out, the size of the public issue will be reduced.
Proceeds worth Rs 2,027.18 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes.
As of June 2024, the company had a total borrowings of Rs 2,584 crore on its books.
At present, Vopak India BV and Aegis Logistics hold 50.1 per cent and 47.31 per cent stake, respectively, in Aegis Vopak Terminals.
As of June 2024, Aegis Vopak Terminals owns and operates a network of 18 storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane.
The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times.
The terminalling industry relies heavily on the strategic location of storage terminals. Terminals near major shipping routes and well-connected ports gain a competitive edge by reducing last-mile delivery costs and ensuring faster delivery times.
ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers for the issue.
The proposed IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP).
Besides, the tank storage company for LPG and chemicals may raise up to Rs 700 crore through a pre-IPO placement. If such a placement is carried out, the size of the public issue will be reduced.
Proceeds worth Rs 2,027.18 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes.
As of June 2024, the company had a total borrowings of Rs 2,584 crore on its books.
At present, Vopak India BV and Aegis Logistics hold 50.1 per cent and 47.31 per cent stake, respectively, in Aegis Vopak Terminals.
As of June 2024, Aegis Vopak Terminals owns and operates a network of 18 storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane.
The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times.
The terminalling industry relies heavily on the strategic location of storage terminals. Terminals near major shipping routes and well-connected ports gain a competitive edge by reducing last-mile delivery costs and ensuring faster delivery times.
ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers for the issue.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS
VA Tech WABAG Wins Rs 3,251 Crore Sewage...
VA Tech WABAG secures a USD 371 million (Rs 3,251 crore) order for a 200 MLD...

Prestige Estates Plans Rs 30K Cr Housing Launch...
Prestige Estates to launch Rs 30,000 crore worth of housing projects in Q4 FY25,...

Madhya Pradesh Attracts Rs 1.8 Lakh Cr...
Madhya Pradesh CM Mohan Yadav secured Rs 1.8 lakh crore in investment commitments ahead...