[Fresh Issue 2800 crore + OFS NIL]

Aegis vopak terminals ipo price is INR 223 – 235 per share

Aegis Vopak Terminals: History

The Company was originally incorporated as Aegis LPG Logistics (Pipavav) Limited, a public limited company under the provisions of the Companies Act, 1956, under a certificate of incorporation dated May 28, 2013, issued by the RoC.

The company’s name was changed to “Aegis Vopak Terminals Limited” at the Board meeting held on July 29, 2021, and a fresh certificate of incorporation was issued on August 23, 2021, by the Registrar of Companies.

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Aegis Vopak Terminals: Business

Aegis Vopak Terminals Limited (AVTL) is a joint venture between Aegis Logistics Limited (India) and Royal Vopak (Netherlands) – the largest Indian third-party owner and operator of tank storage terminals for LPG (liquified petroleum gas) and liquid products in terms of storage capacity (Source: CRISIL Report) as of June 30, 2024.

The Company owns and operates a network of storage tank terminals having an aggregate storage capacity of 70,800 metric tons of static capacity for LPG and 1.50 million cubic meters for liquid products (as of June 30, 2024), and it offers secure storage facilities and associated  infrastructure for liquids such as –

• petroleum,
• vegetable oil,
• lubricants & chemicals, and
• gases such as LPG (including propane and butane)

Largest Storage Capacity

Aegis vopak have the largest storage capacity in India’s LPG tank storage sector, contributing to around 12.23 percent of the total national static capacity (Source: CRISIL Report) as of June 30, 2024.

Largest 3rd Party Tank Storage Company

In terms of storage of liquid products, Aegis vopak are the largest third-party tank storage company in India, contributing to around 26.64 percent of India’s third-party liquid storage capacity (Source: CRISIL Report) as of June 30, 2024.

Aegis Vopak Terminals: Diversified Network

The company has a diversified network of terminals spread strategically across 6 key Indian ports like Haldia, JNPT (upcoming), Kandla, Mangalore, Pipavav, and Kochi.

These key ports together handle around 23 percent of liquid and 61 percent of total LPG import volumes in India.

Strategies Ahead

• Expand the network of terminals at current locations and add new locations
• Enhance customer value proposition by expanding infrastructure at current locations
• Invest in capabilities to address alternative energies
• Pursue inorganic growth opportunities
• Venture into establishing industrial terminals
• Strategically develop inland depots

Company Promoters

1. Aegis Logistics Limited,
2. Huron Holdings Limited,
3. Trans Asia Petroleum Inc,
4. Asia Infrastructure Investment Limited,
5. Vopak India BV,
6. Koninklijke Vopak NV

IPO Details

Ipo date = 26 May to 28 May 2025

Minimum Amount = INR 14,805

Minimum Bid = 63 Shares

Face Value (FV) = INR 10

Listing On = NSE, BSE

Book Running Lead Managers

ICICI Securities Limited,

BNP Paribas,

IIFL Securities Limited,

Jefferies India Private Limited,

Hdfc Bank Limited

FINANCIALS

CONCLUSION

FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Aegis Vopak Terminals IPO

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