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Aegis Vopak Terminals IPO
Price Band
₹223.0–235.0
Issue Size
₹2800.0 Cr
Lot Size
63 shares
Min Investment
₹14,805
GMP
₹-1.0 (-0.43%)
Issue Price
₹235.0
Aegis Vopak Terminals IPO AI Summary
- Aegis Vopak Terminals IPO is listed on BSE, NSE.
- Price band: ₹223.0–₹235.0 per share, lot size 63 shares (min. investment ₹14,805).
- Subscription window: 26 May–28 May 2025, listing on 02 Jun 2025.
- Current GMP is ₹-1.0 (-0.43%), an estimated listing price of ₹234 — unofficial and can change daily.
Aegis Vopak Terminals Limited is focused on providing storage solutions for LPG and liquid products, with significant capacity across major Indian ports. The company has shown revenue growth, although recent figures indicate a decrease in total income for the most recent period. The IPO offers a chance to invest in a company with a strong operational foundation, but potential investors should consider the associated risks and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aegis Vopak Terminals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 May 2025 — not a current signal.
7 of 13 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aegis Vopak Terminals IPO Grey Market Premium (GMP) Today
GMP
₹-1.0
GMP %
-0.43%
Est. Listing
₹234.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2013, Aegis Vopak Terminals Limited (AVTL) is a company that owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products. The company provides safe storage and related infrastructure for products like petroleum, vegetable oils, lubricants, chemicals, and gases such as propane and butane. As of June 30, 2024, AVTL manages a total storage capacity of around 1.50 million cubic meters for liquid products and 70,800 metric tons (MT) for LPG. AVTL runs its business through two main divisions: Gas Terminal Division – focuses on storing and handling LPG, including propane and butane. Liquid Terminal Division – handles storage for liquid products like petroleum, chemicals, and vegetable oils. The company manages over 30 types of chemicals and more than 10 types of edible and non-edible oils. The company operates two LPG storage terminals and 16 liquid storage terminals located across five major ports in India. These terminals handle coastal shipping, imports, and exports. The terminals are located in the ports of Haldia, West Bengal (“Haldia Terminal”), Kochi, Kerala (“Kochi Terminal”), Mangalore, Karnataka (“Mangalore Terminal”), Pipavav, Gujarat (“Pipavav Terminal”), and Kandla, Gujarat (“Kandla Terminal”) have an aggregate storage capacity of approximately 1.50 million cubic meters for liquid products and 70,800 MT of static capacity for LPG. As of March 31, 2022, 2023 and 2024 and June 30, 2023 and 2024 we had 24, 316, 396, 366, and 392 full-time employees, respectively.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,855.60 | 4,523.40 | 3,481.48 | 102.56 |
| Total Income | 476.15 | 570.12 | 355.99 | 0.00 |
| Profit After Tax | 85.89 | 86.54 | -0.08 | -1.09 |
| NET Worth | 2,037.61 | 1,151.94 | 1,098.20 | -0.53 |
| Total Borrowing | 2,485.75 | 2,586.42 | 1,745.17 | 98.10 |
Key Ratios
EPS
₹0.88
NAV
₹13.27
ROE
8.68%
ROCE
8.39%
RoNW
7.51%
P/B Value
17.71
P/E Ratio
268.51
Market Cap
₹26037.80 Cr
PAT Margin
15.18%
Debt/Equity
2.59
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| JSW Infrastructure Limited | 41.77 | 14.4% | 49.42 | 6.01 | 5.88 |
| Adani Ports And Special Economic Zone Ltd. | 245.1 | 15.32% | 37.48 | 37.55 | 37.55 |
| Aegis Vopak Terminals Limited This IPO | 13.27 | 7.51% | — | 1 | 0.91 |
Promoters
Aegis Logistics Ltd., Huron Holdings Ltd., Trans Asia Petroleum INC, Asia Infrastructure Investment Ltd., Vopak India B.V and Koninklijke Vopak N.V
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company 2,015.95 2 Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore 671.30 3 General Corporate Purposes 3.63 4 Issue Expenses 109.12 Total 2,800.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹0.00 in the period ending March 31, 2022, rising to ₹355.99 Cr by March 31, 2023, and further increasing to ₹570.12 Cr by March 31, 2024. However, in the most recent period ending December 31, 2024, total income decreased to ₹476.15 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was -₹1.09 Cr in the period ending March 31, 2022, improving to -₹0.08 Cr by March 31, 2023, and further increasing to ₹86.54 Cr by March 31, 2024. In the most recent period ending December 31, 2024, profit after tax was ₹85.89 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹235.0, Aegis Vopak Terminals Limited has an implied P/E ratio of 268.51 based on its earnings per share (EPS) of ₹0.88. In comparison, peers are trading at a P/E range of 37.48 to 49.42.
Grey Market Premium, Explained
The grey market is an unofficial market where IPO shares are bought and sold before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price based on demand and supply in this unofficial market. A positive GMP suggests that the IPO is likely to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's essential to consider the company's financial health, market position, and growth prospects.
Who May Want to Wait
Investors who are risk-averse or those looking for stable, dividend-paying stocks may want to avoid this IPO. It may not be suitable for those who are uncomfortable with potential fluctuations in stock price.
IPO Timeline, Explained
The IPO opens for subscription on May 26, 2025, and closes on May 28, 2025. The allotment date is set for May 29, 2025, with the listing date on June 2, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when selling shares on the listing day, compared to the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing. It's important to understand that while some IPOs may see significant listing gains, others may not perform as expected.
This evaluation is generated from Aegis Vopak Terminals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aegis Vopak Terminals IPO GMP today?
Aegis Vopak Terminals IPO GMP today is ₹-1.0 (-0.43%), indicating an estimated listing price of ₹234. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aegis Vopak Terminals IPO?
The price band of Aegis Vopak Terminals IPO is ₹223.0–₹235.0 per share.
When does Aegis Vopak Terminals IPO open and close?
Aegis Vopak Terminals IPO opens on 26 May 2025 and closes on 28 May 2025.
When does Aegis Vopak Terminals IPO list on the stock exchange?
Aegis Vopak Terminals IPO listed on 02 June 2025 at ₹234.0.
What is the lot size for Aegis Vopak Terminals IPO?
The lot size for Aegis Vopak Terminals IPO is 63 shares, requiring a minimum investment of ₹14,805.
What is the price band for the Aegis Vopak Terminals IPO?
The price band for the Aegis Vopak Terminals IPO is ₹223.0 to ₹235.0.
What is the minimum investment required?
The minimum investment required is ₹14,805.0.
What is the lot size for this IPO?
The lot size for the Aegis Vopak Terminals IPO is 63 shares.
When does the IPO open and close?
The IPO opens on May 26, 2025, and closes on May 28, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand and supply in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 May 2025
Close
28 May 2025
Allotment
29 May 2025
Listing
02 Jun 2025
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