Aegis Vopak Terminals IPO: Issue subscribed 2.09 times on final day

Aegis Vopak Terminals IPO: The initial share sale window of Aegis Vopak Terminals has ended on Wednesday, May 28.

According to the BSE data, the IPO received a total of bids for 14,43,70,359 shares—2.09 times the 6,90,58,296 shares on offer.

Investor category-wise subscription status:

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Here are details of category-wise details:

• Retail Individual Investors (RIIs) subscribed to 77 per cent of their allotted quota.
• Qualified Institutional Buyers (QIBs) showed higher interest with subscribing nearly 3.3 times their portion with bids for 12,42,01,476 shares.
• Non-Institutional Investors (NIIs) subscribed to 56 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.