Aegis Vopak Terminals Submitted DRHP To Raise ₹3,500 Crore Via IPO

The tank storage operator for LPG, Aegis Vopak Terminals Limited has filed the draft red herring prospectus with the market regulator SEBI to raise funds via an IPO of ₹3,500 crore. Aegis Vopak Terminals IPO is entirely a fresh issue of equity shares having a face value of ₹10. Aegis Vopak Terminals shares will be listed on NSE and BSE. The company has appointed ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Jefferies India Private Limited and HDFC Bank Limited as the book-running leader managers of the IPO.

Objective of Aegis Vopak Terminals IPO

Aegis Vopak Terminals proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company.
• Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore.
• General corporate purposes.

About Aegis Vopak Terminals Limited

Incorporated in 2013, Aegis Vopak Terminals Limited is one of the largest Indian third-party owners and operators of tank storage terminals for liquified petroleum gas (LPG) and liquid products in terms of storage capacity. The company owns and operates a network of storage tank terminals having an aggregate storage capacity of approximately 1.50 million cubic meters for liquid products and 70,800 metric tons (MT) of static capacity for LPG as of June 30, 2024.

As of June 30, 2024, the company had a diversified network of terminals spread strategically across 5 key ports in operation on the West and East coasts of India. These key ports together handle approximately 23.00% of liquid and 61.00% of total LPG import volumes in India.

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