Chandigarh: Aegis Vopak Terminals Ltd (“AVTL” or “The Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Monday, May 26, 2025.
The Anchor Investor Bidding Date shall be Friday May 23, 2025. The Bid/Offer will open on Monday, May 26, 2025 for subscription and will close on Wednesday, May 28, 2025.
The Price Band of the Offer has been fixed at ₹ 223 to ₹ 235 per Equity Share. Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter.
The total offer size of equity shares with face value ₹ 10 each aggregating up to ₹ 28,000 million [₹ 2,800 crore] comprises only fresh issue of equity of issue shares. (“Total Offer Size”)
The company proposes to utilize the net proceeds from the issue towards the following objects – (i) Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company estimated to be ₹ 20,159.5 million [₹ 2,015. 95 crore]; (ii) Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore estimated to be ₹ 6,713 million [₹ 671.30 crore]; and balance towards General corporate purposes.
The Equity Shares are being offered through the “Red Herring Prospectus” of the Company dated May 20, 2025 filed with the Registrar of Companies, Gujarat at Ahmedabad (“RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Jefferies India Private Limited and HDFC Bank are the Book Running Lead Managers to the offer.
