Aegis Vopak Terminals IPO Opens for Subscription Today: Check Latest GMP, Price Band: Apply or Avoid?

The Rs 2,800 crore initial public offering of Aegis Vopak Terminals Limited opened for subscription today, May 26th, and will remain open until May 28. Aegis Vopak Terminals, a joint venture between Aegis Logistics and Royal Vopak, is India's largest independent tank storage operator for LPG and various liquid products.

Aegis Vopak Terminals IPO Issue Details

The Aegis Vopak Terminals IPO is a fresh issue of 11.91 crore shares, entirely through book building. The price band has been set at Rs. 223 to Rs. 235 per share. Retail investors can apply for a minimum of one lot (63 shares), amounting to an investment of Rs. 14,049 at the lower price band and about Rs. 14,805 at the upper price band. To improve chances in case of oversubscription, investors are advised to bid at the cutoff price.

Aegis Vopak Terminals IPO GMP Today

The Grey Market Premium for Aegis Vopak Terminals IPO stands at Rs.14.5. The expected listing price could be around Rs. 249.5, indicating a potential listing gain of 6.17%.

Aegis Vopak Terminals IPO Subscription Status on Day 1

As per data available at 12:04 PM on Day 1, the public issue is seeing modest interest with overall subscription at 0.02 times, while the retail individual investors have subscribed 0.11 times. With two days remaining for bidding, subscription levels are expected to pick up, particularly from institutional and HNI segments.

Allotment & Listing Dates

The share allotment for Aegis Vopak Terminals IPO is expected to be finalised on May 29, 2025, and refunds (if any) will be initiated shortly thereafter. The IPO shares are scheduled to be listed on BSE and NSE on June 2nd.

Should You Apply for or Avoid the Aegis Vopak Terminals IPO?

The Grey Market Premium (GMP) shows that the stock could list at a small profit, but the low number of applications on Day 1 suggests that many investors are still waiting to decide.

"Investors with a moderate to high risk appetite and a long-term horizon should consider subscribing. AVTL offers a unique opportunity to invest in a market-leading infrastructure company with strong fundamentals, strategic growth plans, and industry tailwinds. While the high valuation limits near-term upside and listing day returns may be subdued, the medium-to-long-term growth story remains intact." noted Gaurav Garg, Lemonn Markets Desk

According to SBI Securities, Aegis Vopak Terminals has a strong business model that focuses on storing gas and high-value products. The company has already arranged the money for its ongoing projects, and it plans to repay loans worth Rs.2,016 crore, which could help improve profits in the future.

As the company's new facilities become operational in FY26, it could show strong growth between FY25 and FY27. At the highest price band of ₹235, the stock is a bit expensive when compared to its earnings, but it could benefit from the growing demand in the industry.

The Brokerage firm has issued a May SUBSCRIBE rating to the issue stating that listing gains are likely to be muted.

About Aegis Vopak Terminal Ltd.

Aegis Vopak Terminals Ltd. (AVTL) is a leading Indian company specializing in the storage and handling of liquefied petroleum gas (LPG) and various liquid products. Established in 2013, AVTL is a joint venture between Aegis Logistics Limited of India and Royal Vopak of the Netherlands, combining local expertise with global best practices in terminal operations. AVTL operates a network of terminals strategically located across six key Indian ports: Haldia, Kandla, Pipavav, Mangalore, Kochi, and the upcoming facility at JNPT. AVTL plays a crucial role in India's energy and chemical supply chains With a storage capacity of approximately 1.7 million cubic meters for liquids and 201,000 metric tonnes for LPG.

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