Aegis Vopak Terminals IPO fully subscribed on final day

Aegis Vopak Terminals IPO: Aegis Vopak Terminals’ initial public offering (IPO) was fully subscribed on the final day of bidding, Wednesday, May 28.

According to the NSE data, the IPO received bids for 8,68,84,938 shares so far—1.26 times the 6,90,58,296 shares on offer.

Investor category-wise subscription status:

Here are details of category-wise details:

• Retail Individual Investors (RIIs) subscribed to 63 per cent of their allotted quota.
• Qualified Institutional Buyers (QIBs) showed higher interest with subscribing nearly 2 times their portion with bids for 7,29,01,710 shares.
• Non-Institutional Investors (NIIs) subscribed to 32 per cent of their allocation.

Anchor investors' detail

Ahead of the public offering, the company raised Rs 1,260 crore from anchor investors.

Aegis Vopak Terminals IPO: Price band, issue size, other details

The company has fixed the price band for the IPO between Rs 223 and Rs 235 per share which is entirely a fresh issue of equity shares worth Rs 2,800 crore.

Use of proceeds

• Rs 2,016 crore will be used to repay debt.
• Rs 671.30 crore will fund capital expenditure for acquiring a cryogenic LPG terminal in Mangalore. The remaining funds will be allocated for general corporate purposes.

Who are BRLMs?

The IPO is being managed by ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank as the book-running lead managers.

About Aegis Vopak Terminals

Aegis Vopak Terminals operates a network of storage tank terminals across India, offering secure storage for a variety of liquids and gases, including petroleum products, chemicals, vegetable oils, and LPG.