April 16, 2025 – Mumbai: Aegis Vopak Terminals has secured final approval from the Securities and Exchange Board of India (SEBI) to proceed with its ₹3,500 crore initial public offering (IPO). The offering will consist entirely of a fresh issuance of equity shares, each with a face value of ₹10.Business & Finance News+1Business & Finance News+1
The company filed its Draft Red Herring Prospectus (DRHP) with SEBI in November 2024. The shares are slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).Business & Finance News+6Business & Finance News+6Business & Finance News+6
IPO Objectives:
According to the DRHP, the net proceeds from the IPO will be utilized for:Business & Finance News+6Business & Finance News+6Business & Finance News+6
- Repayment or prepayment of certain outstanding borrowings.
- Funding capital expenditure for the acquisition of a cryogenic LPG terminal in Mangalore.Reuters+3Business & Finance News+3Business & Finance News+3
- General corporate purposes.
Lead Managers and Registrar:
The IPO is being managed by ICICI Securities, BNP Paribas, HFL Capital Services, Jefferies India, and HDFC Bank. MUFG Intime India (formerly Link Intime India) has been appointed as the registrar for the issue.
Company Overview:
Aegis Vopak Terminals is India’s largest third-party owner and operator of tank storage terminals for liquefied petroleum gas (LPG) and liquid products, based on storage capacity as of June 30, 2024. The company operates a network of storage tank terminals with an aggregate capacity of approximately 1.5 million cubic meters for liquid products and 70,800 metric tonnes for LPG.
The company provides storage facilities and associated infrastructure for a variety of liquids, including petroleum, vegetable oil, lubricants, and various chemicals and gases such as LPG (including propane and butane).
Financial Performance:
For the quarter ending June 2024 (Q1 FY25), Aegis Vopak Terminals reported total revenue of ₹156.37 crore, marking a 34.7% increase from ₹116.04 crore in the same period the previous year. Net profit for the quarter stood at ₹10.77 crore, up 185.5% from ₹3.77 crore in Q1 FY24.
In the fiscal year 2024, the company posted total revenue of ₹570.12 crore, a 60% rise from ₹355.99 crore in FY23. Net profit for FY24 was ₹86.54 crore, compared to a loss of ₹7.5 lakh in FY23.
Source: “Aegis Vopak Terminals gets Sebi nod to float ₹3,500 crore IPO; key details”, Business Standard, April 16, 2025. Read the original article
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