The difficulty is obtainable for bidding until Could 28.
By the tip of the primary day of bidding, the problem had obtained bids for 1,77,49,179 shares out of 6,90,58,296 shares. The retail portion was subscribed 19%, whereas the non-institutional investor (NII) class noticed 3% subscription. 882 bids have been obtained from certified institutional patrons (QIBs).
GMP of Aegis Vopak Terminals IPO
In response to market observers, the IPO is commanding a gray market premium (GMP) of Rs 6-7, indicating a modest 2.5% premium over the problem worth.
Must you subscribe to Aegis Vopak Terminals IPO?
“Whereas the corporate’s strategic significance in India’s LPG and liquid bulk infrastructure house justifies a premium to some extent, the pricing appears to consider robust future progress expectations. Buyers ought to view this IPO as a play on long-term infrastructure and power logistics progress, however should weigh the premium valuation towards the corporate’s restricted historic profitability and execution dangers in upcoming capex initiatives.,” stated Bajaj Broking.
IPO construction
The IPO includes a whole recent situation of 11.91 crore shares, aggregating as much as Rs 2,800 crore. There isn’t a offer-for-sale part.
Minimal funding and lot dimension
Retail buyers can apply for at least one lot, which incorporates 63 shares. On the higher worth band, this interprets to an funding of Rs 14,805. For small HNIs, the minimal utility is 14 heaps or Rs 2.07 lakh.
Use of funds
The proceeds might be used to repay or prepay sure borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and for normal company functions.
IPO dates and worth band
The IPO will open on Could 26 and shut on Could 28. The value band is ready at Rs 223 to Rs 235 per share. The shares are anticipated to record on the BSE and NSE on June 2.
Monetary efficiency
In FY24, the corporate posted a income of Rs 570.12 crore and a web revenue of Rs 86.54 crore. For 9 months ended Dec 2024, PAT stood at Rs 85.89 crore.
E-book operating lead managers
ICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Financial institution are managing the problem, whereas Hyperlink Intime is the registrar.
