Aegis Vopak Terminals IPO: The shares of Aagis Vopak Terminals Limited will be listed on Monday, June 2. The company’s ₹ 2,800 crore IPO received a total subscription on May 28 till the bid was closed. The company’s IPO has received mixed response from investors. Bids were received for 14.43 crore shares against the 6.90 crore shares offered in the IPO. Part of large institutional investors (QIBS) subscribed 3.30 times, which shows good response. Although the share of retail investors was only 77 percent subscribed, the category of non-institutional investors (NIIS) also received 56 percent subscription, which was less than expected.
Prior to the IPO, the company raised ₹ 1,260 crore from big anchor investors. The price of shares for the IPO was fixed at ₹ 223 to ₹ 235 per share. This is the complete detail of IPO. Now it’s the turn of listing. All investors are eyeing the listing gains. Let us tell you what is the opinion of experts regarding the shares of Aagis Vopak Terminals.
Buy, Sell or Hold?
Market experts have expressed concern over the high valuation of Aegis Vopak Terminals. Based on the annual income of the financial year 2025, the company has been evaluated at a price-to-earning (PE) ratio of 235 times and EV/Ebitda of 57 times. On the figures of the financial year 2024, the PE multiple is 301 times, with the post -IPO market capitalization of ₹ 26,037.8 crore. Analysts believe that the listing day performance is expected to live with weak or modest gains, given the high valuation metrics.
Narendra Solanki, head of Anand Rathi Wealth Fundamental Research, said, “The company has achieved the lowest Capex and highest tank turn per MT in the industry, which shows its operational power. However, the company’s valuation is very high. He recommended to take shares for long -term investment only after the listing.
Mahesh M. Ojha, AVP of Research and Business Development in Hancex Securities, also said a similar thing. He said, ‘Given its strategic role in India’s energy infrastructure, the company has a strong long -term capacity. However, listing gains cannot be special. Short term investors should be vigilant. He advised investors to hold the allotted shares. He did not advise to take new shares on the day of listing.
Now know what the company does?
Aegis Vopak Terminals are the owner and operator of the largest third party capacity of tank storage terminals for LPG and liquid products in India. This means that they facilitates keeping gas and fluid in large tanks for companies. They have about 25.53 percent of the country’s third-party liquid storage capacity.
