SEBI Approves Aegis Vopak’s ₹3,500 Cr IPO for Expansion Plans
Published • 15 April 2025 at 5:03 PM
Aegis Vopak Receives SEBI Approval for ₹3,500 Crore IPO Launch
Aegis Vopak Terminals Limited has secured SEBI’s approval to launch its ₹3,500 crore IPO. The company filed its draft papers on November 18, 2024. As India’s largest third-party storage terminal operator for LPG and liquid products by capacity, Aegis Vopak manages around 1.5 million cubic meters of liquid storage and 70,800 metric tons of LPG static capacity. The IPO will comprise fresh equity shares with a face value of ₹10 each. Proceeds will be used for loan repayments, capital expenditure for acquiring a cryogenic LPG terminal in Mangalore, and general corporate purposes. According to the DRHP, listed peers include Adani Ports (P/E: 33.68) and JSW Infrastructure (P/E: 49.42). The offering is subject to market conditions and regulatory approvals. Book running lead managers include ICICI Securities, BNP Paribas, IIFL Capital, Jefferies India, and HDFC Bank.
Aegis Vopak IPO: SEBI Approves ₹3,500 Crore Public Offering
- IPO Approval: Aegis Vopak Terminals Limited has received SEBI’s approval to launch a ₹3,500 crore IPO.
- Draft Filing Date: The company filed its draft red herring prospectus (DRHP) on November 18, 2024.
- Business Overview: It is India’s largest third-party storage terminal operator for LPG and liquid products by capacity.
- Storage Capacity: Manages ~1.5 million cubic meters of liquid storage and 70,800 metric tons of LPG static capacity.
- IPO Details: The IPO will consist of fresh equity shares with a face value of ₹10 each.
- Use of Proceeds: 1.Repayment of loans. 2.Capital expenditure for acquiring a cryogenic LPG terminal in Mangalore. 3. General corporate purposes
- Listed Peers: 1. Adani Ports (P/E: 33.68). 2. JSW Infrastructure (P/E: 49.42)
- Lead Managers: ICICI Securities, BNP Paribas, IIFL Capital, Jefferies India, and HDFC Bank.
- IPO Conditions: The offering is subject to market conditions and regulatory approvals.
