Aegis Vopak Terminals IPO Details: Launch Date, Share Price, Size & Review

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Business Profile of the Aegis Vopak Terminals Limited

Aegis Vopak Terminals Limited is the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas (LPG) and liquid products. Companies network of terminals has an aggregate storage capacity of approximately 1.50 million cubic meters for liquid products and 70,800 metric tons of static capacity for LPG. They offer secure storage facilities and associated infrastructure for liquids such as petroleum, vegetable oil, lubricants, and various categories of chemicals and gases.

As of June 30, 2024, they have a diversified network of terminals spread strategically across five key ports in India, handling approximately 23.00% of liquid and 61.00% of total LPG import volumes. The synergies of the operation of the company is supported by two of its promoters, Aegis Logistics Limited and Vopak India BV, who provide us with a deep understanding of the industry globally.

Issue Price & Size: Aegis Vopak Terminals Limited IPO

The issue price of Aegis Vopak Terminals Limited hasn’t been released yet. Upon releasing the dates, the investors can bid between those price ranges. The company only has fresh issue of Rs. 3500 crores.

Launch Date of Aegis Vopak Terminals Limited IPO

The IPO opening date of Aegis Vopak Terminals hasn’t been officially announced yet, upon the declaration of dates investor can bid for IPO.

Competitive Strengths of Aegis Vopak Terminals Limited:

Owner and operator of Tank Storage Terminals

As per records, Aegis Vopak is the largest Indian third-party owner and operator of tank storage terminals for LPG and liquid products. Their comprehensive storage systems comprise tanks with a designed life of approximately 40 years and can store and handle over 40 different complex and critical products. The company currently own and operate two LPG storage terminals across two Indian ports and 16 liquid storage terminals across five Indian ports.

They have diversified network of terminals spread strategically across five key ports in operation on the West and East coast of India. The terminals are located at ports that create a unique ‘necklace of terminals’ that enables us to cater to storage requirements in different regions across India.

The terminals are equipped to support the import, export, storage, and handling of various liquid products received via ships and road tankers.

Capacity expansion

The company has a strong track record in capacity expansion and infrastructural upgrades, catering to liquid and gas storage needs. They leverage promoters experience which also gives them competitive advantage in capacity expansion, cost-effective materials procurement,, and construction capabilities to upgrade tank storage capacities and infrastructure. Aegis is responsible for construction, working on an arm’s length basis with the company, ensuring no construction-related risks. This separation of responsibilities allows the company to focus on efficient operation and management of terminals.

The company plans to increase LPG storage capacity to 200,800 MT by the end of Fiscal 2025 and liquid storage capacity to 1,673,773 cubic meters.

Backed by strong promoter

Aegis Vopak operates as a joint venture between Aegis, an Indian company and Vopak India BV, part of Royal Vopak. Aegis has three distinct business segments: sourcing LPG, storing liquids and LPG, and distributing LPG through a network of terminals for liquid products and gas, LPG filling plants, and pipelines. Vopak India BV, part of Royal Vopak, is one of the world’s leading tank storage companies with a network of 76 terminals in 23 countries. Vopak operates a liquid terminal with a storage capacity of 275,000 cubic meters and owns a 21,000 MT cryogenic LPG terminal capable of handling a throughput of 1.5 MMTPA. The promoters bring in their synergies to achieve efficiency

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