Aegis Vopak Terminals IPO Sees 26% Bookings on Day 1: Here’s What You Should Know

Aegis Vopak Terminals Limited, a company that helps store and handle liquid fuels like LPG and chemicals, started its IPO (Initial Public Offering) on May 26. By the end of the first day, about 26% of the shares available had been booked.

That means some interest is building, but many investors are still taking their time to decide.

Who Is Aegis Vopak Terminals?

This company operates big storage tanks at ports across India. These tanks store things like LPG (used for cooking gas) and other liquid chemicals. It’s kind of like a giant fuel locker at the seaport that helps big industries and companies move fuel safely and efficiently.

They are one of the biggest independent players in this business in India and are growing quickly.

IPO Basics: What’s in It?

• The company wants to raise ₹2,800 crore through this IPO.

• The price of each share is set between ₹223 to ₹235.

• You can apply for a minimum of 60 shares, which will cost around ₹14,100 at the higher end.

• The IPO is open for three days — from May 26 to May 28.

• Once it closes, the company’s shares will be listed on the stock exchanges soon after.

Where Will the Money Go?

Aegis Vopak plans to use the money raised for three main things:

1. Paying Off Loans – They want to reduce some of their current debts.

2. Buying a New LPG Terminal in Mangalore – This will help them store even more gas in the future.

3. General Business Needs – Like improving their operations and growing their business.

How Is the Company Doing Financially?

In the last financial year (FY2024), the company earned about ₹570 crore in revenue, which is a big jump from the previous year. They also made a profit of ₹86.5 crore after recording a small loss the year before.

So, things are looking up for them, and that’s one reason why they’re coming out with an IPO now — they want to keep growing.

What Does the Day 1 Response Mean?

Only about a quarter of the total shares got booked on Day 1. While that’s not bad, it also shows that investors are still being a bit careful. Some people like to wait and see how others react before jumping in.

The next couple of days will show whether more people get interested or not.

In Short

• Aegis Vopak’s IPO is now open and has received 26% bookings on the first day.

• The company stores fuel and liquid products at major ports in India.

• It’s looking to raise money to pay off debt, expand, and improve its business.

• The IPO is open till May 28.