Aegis Vopak Terminals Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise ₹3,500 crore. The IPO will consist solely of a fresh issue of equity shares, each with a face value of ₹10.
The company intends to use the funds from the IPO to reduce its borrowings, finance capital expenditures for the acquisition of a cryogenic LPG terminal at Mangalore, and cover general corporate expenses.
Key Details:
- The company’s IPO aims to raise up to ₹35,000 million (₹3,500 crore).
- Funds will be used to repay debts, fund terminal acquisitions, and other corporate purposes.
- Leading bookrunners for the issue include ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank. LinkIntime is the registrar for the issue.
About Aegis Vopak Terminals:
Aegis Vopak Terminals is a joint venture between Aegis Logistics and Vopak India BV, a subsidiary of the Dutch tank storage firm Vopak. The company operates tank storage terminals for LPG and liquid products across six strategic ports in India.
The IPO marks a significant step for the company, as it aims to tap into the growing storage and logistics sector in India.
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