Aegis Vopak Terminals IPO Subscribed 26% on Day 1: GMP Falls, Retail Interest Low
The Aegis Vopak Terminals IPO, which opened on Monday, May 26, 2025, received a 26% overall subscription on its first day. The public issue, aiming to raise ?2,800 crore, is set to close on Wednesday, May 28, 2025.
IPO Price Band and Lot Size
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Price Band: ?223 to ?235 per equity share
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Lot Size: 63 shares per lot
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Fresh Issue: 11.91 crore shares
Day 1 Subscription Status (as per BSE data)
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Total Subscription: 26% (1.77 crore shares bid out of 6.90 crore available)
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Qualified Institutional Buyers (QIBs): 39% subscription
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Retail Individual Investors (RIIs): 19% subscription
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Non-Institutional Investors (NIIs): 3% subscription
Grey Market Premium (GMP) Update
As of May 26, 2025, the GMP stands at ?11 per share, indicating an expected listing price of around ?246, a premium of 4.68% over the upper price band of ?235. Notably, the GMP has dropped by ?3.5 since the IPO opened, reflecting cautious sentiment in early trading.
Fund Utilization Plan
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?2,016 crore to repay debt
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?671.30 crore to fund Capex for acquiring a cryogenic LPG terminal in Mangalore
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Remaining proceeds for general corporate purposes
Anchor Investment
Aegis Vopak Terminals has already raised ?1,260 crore from anchor investors ahead of the IPO, showing strong institutional interest despite a slow start in retail bidding.
Should You Apply?
While QIB participation was relatively strong, the low retail and NII subscription and declining GMP suggest mixed sentiment. Investors are advised to track Day 2 and Day 3 subscription data closely and consult financial experts before making any decisions.
