Dailymirror.news,Mumbai, May 22, 2025: Aegis Vopak Terminals Limited (AVTL) is set to launch its initial public offering (IPO) from Monday, May 26, 2025, to Wednesday, May 28, 2025. The company has fixed the price band between ₹223 and ₹235 per equity share, each with a face value of ₹10. The floor price represents 22.30 times the face value, while the cap price is 23.50 times the face value.

The minimum bid size is 63 equity shares, with bids accepted in multiples of 63 thereafter. Anchor investor bidding will commence on Friday, May 23, 2025.

The fresh issue comprises equity shares worth up to ₹2,800 crore (₹28,000 million), with proceeds primarily aimed at repaying borrowings (₹2,015.95 crore), funding capital expenditure for the cryogenic LPG terminal acquisition at Mangalore (₹671.30 crore), and general corporate purposes.

The IPO will be listed on the BSE and NSE and is being issued through a book-building process in compliance with SEBI regulations. At least 75% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including a reserved portion for anchor investors and mutual funds. Non-institutional and retail investors will share the remaining allocations.

Bidders (except anchor investors) must apply via the ASBA process, blocking their bid amounts through designated banks or UPI.

About Aegis Vopak Terminals Limited

AVTL is a joint venture between Aegis Logistics Limited and Royal Vopak’s India arm. The company operates two LPG storage terminals and 18 liquid storage terminals across six major Indian ports — Haldia, Kochi, Mangalore, Pipavav, Kandla, and Navi Mumbai — with a total storage capacity of approximately 1.68 million cubic meters for liquids and 70,800 MT for LPG.

As of December 31, 2024, AVTL is the largest third-party tank storage operator in India for both LPG and liquid products, holding about 11.5% of the nation’s LPG storage capacity and 25.53% of the third-party liquid storage capacity, according to CRISIL.