Aegis Vopak Terminals Limited, established in 2013, is India’s largest third-party owner and operator of tank storage terminals for liquefied petroleum gas (LPG) and various liquid products. The company is launching its ₹2,800 crore IPO from May 26 to May 28, 2025, with a price band of ₹223 – ₹235 per share. Aegis Vopak operates 18 strategically located terminals across five major Indian ports, handling a significant share of the nation’s LPG and liquid imports.
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Expert Opinions
Aegis Vopak Terminals IPO is generating moderate interest among investors, supported by the company’s strong industry position as India’s leading independent storage provider for LPG and liquid products. Market sentiment is positive, given the backing of established promoters Aegis Logistics and Royal Vopak, and the company’s stable cash flows from long-term contracts. Key strengths include a scalable business model, strategic terminal locations, and robust infrastructure.
However, risks include customer concentration, regulatory changes, and sensitivity to industrial demand. For FY2024, the company reports a Return on Equity (ROE) of 8.68%, ROCE of 8.39%, and Net Asset Value (NAV) of ₹13.27, indicating moderate capital efficiency. From a long-term perspective, the Aegis Vopak Terminals IPO’s proceeds aimed at debt reduction and expansion could enhance financial stability and growth prospects, but investors should weigh high valuation and sector-specific risks before committing capital.
Investor Considerations
Aegis Vopak Terminals IPO has shown steady operational performance, with FY2024 revenue at ₹570.12 crore and a PAT margin of 15.18%, reflecting efficient cost management and profitability. The sector outlook is positive, supported by India’s growing energy demand and the need for robust storage infrastructure. The Aegis Vopak Terminals IPO valuation, with a price to book value of 17.71 and a debt/equity ratio of 2.59, suggests the company is highly leveraged and priced at a premium relative to its book value.
Growth prospects are strong, driven by expansion plans and the backing of established promoters, but risks include customer concentration, regulatory changes, and dependence on the oil and gas sector. Short-term investors may face volatility due to high leverage and sector-specific risks, while long-term investors could benefit if the company delivers on expansion and improves its capital structure and market position.
| Date | GMP | Trend |
|---|---|---|
| 31 May 2025 11.40 | ₹00 | --- |
| 30 May 2025 11.48 | ₹00 | --- |
| 29 May 2025 11.06 | ₹00 | --- |
| 28 May 2025 10.51 | ₹00 | Down |
| 27 May 2025 19.09 | ₹5 | Down |
| 26 May 2025 20.03 | ₹13 | Down |
| 25 May 2025 11.31 | ₹15 | --- |
| 24 May 2025 10.56 | ₹15 | Up |
| 23 May 2025 10.53 | ₹00 | --- |
| 22 May 2025 10.51 | ₹00 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Aegis Vopak Terminals IPO’s listing sentiment, though missed the magnitude. While the GMP of ₹0 suggested weak market enthusiasm with a flat listing, the stock actually listed at a discount of 6.38%. With a prediction error of 6.38%, the GMP correctly indicated negative market sentiment but failed to capture the full extent of the downside, demonstrating partial reliability as a sentiment indicator in this case.
Aegis Vopak Terminals IPO Current GMP is ₹00.
Aegis Vopak Terminals IPO Expected Returns is 0.00%.
Aegis Vopak Terminals IPO estimated listing price is ₹235.