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Aegis Vopak IPO Set to Launch May 26 with Rs 2,800 Crore Offering

The company aims to reduce debt and fund expansion through a fresh equity issue priced at Rs 223–235 per share.

Aegis Vopak Terminals to open IPO on May 26, price band announced; check all details
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Overview

  • Aegis Vopak Terminals Ltd's IPO will open for public subscription from May 26 to May 28, with anchor investor bidding commencing on May 23.
  • The IPO is a fresh equity issue worth Rs 2,800 crore, revised down from the initially proposed Rs 3,500 crore, with no offer-for-sale component.
  • Proceeds will primarily be used to repay Rs 2,016 crore in debt and fund the acquisition of a cryogenic LPG terminal in Mangalore.
  • The offering is priced at Rs 223–235 per share, with 75% reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
  • Aegis Vopak reported improved financial performance for FY2023–24, with revenue rising to Rs 154.02 crore and net profit increasing to Rs 25.78 crore.