Aegis Vopak Terminals IPO subscribed 26% on Day 1; Check subscription status, latest GMP, other details

Aegis Vopak Terminals IPO: Aegis Vopak Terminals Limited, a subsidiary of Aegis Logistics, plans to raise ₹2,800 crore from the Indian stock market through its initial public offering (IPO). The IPO opened for public subscription on Monday, 26 May 2025, and is scheduled to close on Wednesday, 28 May 2025. 

The company is offering an entirely fresh issue of 11.91 crore equity shares. They fixed the price band for the IPO in the range of ₹223 to ₹235 per share, with a lot size of 63 shares per lot.

Aegis Vopak Terminals Subscription Status

According to data collected from the BSE, stock market investors subscribed 26 per cent to the public issue, bidding for 1,77,71,355 equity shares out of the total 6,90,58,296 shares on offer.

The Qualified Institutional Buyers (QIBs) segment witnessed most of the bookings on the first day, as the investors bid for 39 per cent or 1,48,30,326 equity shares, compared to the 3,76,68,163 shares on offer. 

The retail investors followed the QIB cue, coming in at 19 per cent subscription or 24,22,728 equity shares, compared to the 1,25,56,053 shares on offer for the segment. The Non-Institutional Investors (NIIs) bid for 3 per cent shares on the first day, coming in at 5,18,301 share bids, out of the 1,88,34,080 shares on offer.

Aegis Vopak Terminals' latest GMP data

As of Monday, 26 May 2025, the grey market premium (GMP) for the Aegis Vopak Terminals IPO was at ₹11 per share. With the upper price band for the public issue at ₹235, the stocks are expected to be listed at ₹246, with a premium of 4.68 per cent, according to Investorgain.com data.

The grey market premium (GMP) is an indicator that shows the investors' willingness to subscribe to an IPO. The Aegis Vopak Terminals GMP dropped by ₹3.5 after the first day of the public bidding on Monday, 26 May 2025.

Aegis Vopak Terminals plans to use the proceeds raised from the public issue to pay ₹2,016 crore of debt. Out of the remaining funds, ₹671.30 crore will be used to fund the company's capital expenditure (Capex) to acquire a cryogenic LPG terminal at Mangalore. The rest of the proceeds will be used for general corporate purposes.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.