Aegis Vopak Terminals Ltd IPO: 10 Key Things to Know Before Investing

AVTL offers integrated terminal and logistics solutions for handling LPG, chemicals, and petroleum products at major ports. With a storage capacity of 1.50 million m³ for liquids and 70.8k tons for LPG, the company manages 23% of India’s liquid imports and 61% of LPG imports through third-party terminals.

It operates 20 terminals at key ports like Kandla, Pipavav, Kochi, and Mangalore—serving high-demand industrial hubs. Backed by Royal Vopak (global leader with presence in 23 countries), AVTL benefits from global expertise, tech-enabled operations, and a risk-averse business model that doesn’t involve owning the stored products.
 

Here are the key details of the IPO:

IPO dates: May 26 - May 28, 2025
Listing date: June 2, 2025
Price band: ₹223 - ₹235 per share
Total issue size: ₹2,800 Cr (Fresh Issue)
Face value: ₹10 per share
Listing Exchange: BSE, NSE
Lot Size: 63 Shares
Promoters: Aegis Logistics Limited, Huron Holdings Limited, Trans Asia Petroleum INC, Asia Infrastructure Investment Limited, Vopak India B.V., and Koninklijke Vopak N.V.

The minimum investment required to apply for the Aegis Vopak Terminals IPO is ₹14,049, based on the lot size of 63 shares at the lower price band of ₹223 per share. However, applying at the upper price band would require ₹14,805 (63 shares at ₹235 per share) to increase your chances of allotment.

Aegis Vopak Terminals Ltd is a leader in India's third-party energy storage infrastructure.
 

• Services: Terminal storage for LPG, chemicals, and petroleum products.
   
• Operations: 20 terminals across six ports with rail and road logistics integration.
   
• Strategy: Product-agnostic model enables AVTL to flexibly manage high-margin commodities and optimise revenue.
   

Its association with global giant Royal Vopak provides it with proven design and operational experience in complex terminal construction and management.

The primary objectives of the Aegis Vopak Terminals IPO are:

• Repayment or prepayment of certain outstanding borrowings.
• Fund capex for acquiring a cryogenic LPG terminal in Mangalore.
• Support general corporate purposes.
   

The IPO allocation for Aegis Vopak Terminals Ltd is structured as follows:
 

• QIB Shares Offered: 54.55% of the issue

   

• NII (HNI) Shares Offered: 27.27% of the issue
   
  • bNII (above ₹10L): 18.18%
  • sNII (below ₹10L): 9.09%
     
• Retail Shares Offered: 18.18% of the issue
   

This allocation provides a fair opportunity for both institutional and retail investors to participate in the IPO.

Strengths:

•    Strong market presence with significant share in India’s third-party energy storage.
•    Integrated infrastructure with coastal terminals and rail freight connectivity.
•    Strong promoter backing by Aegis and Vopak, bringing technical and operational credibility.
•    Planned capacity expansion supported by ₹1,022 Cr capex since FY23, positioning for future growth.

Risks:

•    Joint venture structure can pose risks in case of disagreements between Aegis and Vopak.
•    High dependence on a few strategic ports may make operations vulnerable to regional or geopolitical disruptions.
•    Exposure to oil and gas sector fluctuations can affect long-term revenue stability.

The company has seen steady revenue growth and improved profitability in recent years:

 Note: The company turned profitable only in FY24 but shows promising growth.

•    Basis of allotment: May 29, 2025
•    Refund initiation: May 30, 2025
•    Shares credited to demat accounts: May 30, 2025
•    Listing date: June 2, 2025

Aegis Vopak Terminals Ltd presents a strong infrastructure play backed by leading industry names. With strategic coastal assets, strong market share in energy logistics, and plans aligned with India’s green hydrogen and energy needs, AVTL offers long-term potential. However, investors should weigh risks like sectoral concentration and regulatory dependency before investing.
 

Evaluate your risk appetite and financial goals before applying for this IPO.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before investing.