Aegis Vopak Terminals IPO Fails to Impress on Day 2: Just 33% Subscribed, GMP Muted Too; Check Listing Outlook

The Aegis Vopak Terminals IPO has received a modest response from investors as of Day 2, with an overall subscription of just 0.33 times as of today. Retail and institutional investors have shown mild interest, while non-institutional participation remains subdued. Since the IPO is still open for bidding, all eyes are now on the final day to see if demand picks up.

Aegis Vopak Terminals IPO Subscription Status

As of 3:04 PM on Day 2 (May 27, 2025), the Aegis Vopak Terminals IPO has been subscribed to 0.33 times overall. In terms of category-wise demand, the retail investor segment saw a subscription of 0.41 times, while Qualified Institutional Buyers (QIBs) subscribed 0.42 times of their allocated quota. However, the Non-Institutional Investor (NII) category witnessed a much lower response, with only 0.09 times subscription.

Latest GMP For Aegis Vopak Terminals IPO

The grey market premium for the Aegis Vopak Terminals IPO stands at Rs.8 per share as of 2:02 PM on May 27, as per Investorgain data. This indicates a listing price for the IPO at Rs. 243 per share, which includes both the upper price band and the GMP. The gain at the time of the listing of this IPO is estimated to be around 3.40%.

Aegis Vopak Terminals IPO: Key Issue Details, Lot Size, and Listing Timeline

The Aegis Vopak Terminals IPO is a fresh issue of 11.91 crore equity shares, launched entirely through the book-building process. The price band for the issue has been fixed between Rs. 223 and Rs. 235 per share.

For retail investors, the minimum application size is one lot, comprising 63 shares. This translates to a minimum investment of Rs. Rs.14,049 at the lower end and approximately Rs. 14,805 at the upper end of the price band.

The basis of allotment for the IPO is expected to be finalised on May 29th, while the listing of Aegis Vopak Terminals shares on the BSE and NSE will supposedly take place on June 2nd.

Brokerage Recommendation For Aegis Vopak Terminals IPO

The Aegis Vopak Terminals IPO has received mixed reactions from brokerage and research firms.

Several well-known analysts, including Aditya Birla Money, Anand Rathi, Bajaj Financial Securities, BP Equities, SBICAP Securities, and Ventura Securities, have given a 'Subscribe' rating, suggesting they see strong potential in the offering.

According to the IPO note by Bajaj Finance, Aegis Vopak Terminals has shown a strong financial recovery, reporting a net profit of Rs. 86.54 crore in FY24 after a small loss in FY23. The company holds strategic importance in India's LPG and liquid bulk logistics sector, which supports a premium valuation to some extent. Bajaj Finance advises that investors should view this IPO as a long-term bet on infrastructure and energy logistics growth in India but should also consider the risks related to the company's limited track record of profitability and execution challenges in upcoming capital expenditure (capex) projects.

On the other hand, firms like Canara Bank Securities, Capital Market, GEPL Capital, Nirmal Bang, and SMC Global have taken a 'Neutral' stance. Market veteran Dilip Davda has rated the IPO as 'May Apply'.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.