Overview
- Shares debuted at Rs 220 on the NSE and BSE, a 6.38% discount to the Rs 235 issue price, before closing at a 10% premium.
- The Rs2,800 crore IPO saw 2.09 times subscription overall, with qualified institutional buyers subscribing 3.30 times and retail uptake under 80%.
- Investors acquired 11.91 crore fresh equity shares in a price band of Rs 223–235, with no offer-for-sale component.
- Proceeds include Rs 2,016 crore for debt repayment, Rs 671.3 crore for a cryogenic LPG terminal in Mangalore and funds for general corporate purposes.
- The joint venture between Aegis Logistics and Royal Vopak operates India’s largest third-party tank storage network across five major ports, handling about 23% of liquid and 61% of LPG imports.