SEBI Clears IPO Proposals of Aegis Vopak Terminals and Seshaasai Technologies

In a recent update from the Securities and Exchange Board of India (SEBI), two companies, Aegis Vopak Terminals and Seshaasai Technologies, have secured regulatory approval to launch their initial public offerings (IPOs). The approvals were granted between 7 and 11 April 2025, allowing the companies to collectively raise over ₹4,000 crore from the capital markets. Both firms filed their draft red herring prospectuses (DRHPs) with SEBI in the last quarter of 2024.

Aegis Vopak Terminals: Fuel Storage Firm Targets ₹3,500 Crore

Aegis Vopak Terminals, a key player in the tank storage industry for liquefied petroleum gas (LPG) and chemicals, is aiming to raise ₹3,500 crore through a 100% fresh issue of equity shares. According to its DRHP, the funds raised will primarily be used to repay debt, finance capital expenditure for acquiring a cryogenic LPG terminal in Mangalore, and support general corporate objectives. The company’s strategic focus on expanding its storage infrastructure positions it well to meet growing demand in the energy logistics sector.

Seshaasai Technologies: Diversified Tech Firm Plans Dual-Structured IPO

Seshaasai Technologies is set to offer a combination of a ₹600 crore fresh issue and an offer for sale (OFS) of up to 78.7 lakh equity shares. A leading multi-location solutions provider, the firm specialises in payment systems and fulfilment services. It manufactures instruments such as debit and credit cards, prepaid cards, and cheques, embedding sensitive customer data securely before delivering them to end users. The proceeds from the IPO will be channelled towards manufacturing expansion, debt repayment, and general corporate use.

Conclusion

After SEBI’s green light, both Aegis Vopak Terminals and Seshaasai Technologies are poised to tap into the equity market, reinforcing investor confidence and contributing to capital market activity in 2025. Their distinct sectoral focuses and utilisation plans underline the diversity and dynamism of upcoming IPOs in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.