Aegis Vopak Terminals Ltd made its stock market debut today, listing at ₹220 per share on the NSE, reflecting a 6.38% discount to its ₹235 IPO price. The listing follows a moderately subscribed ₹2,800 crore IPO, which saw strong institutional interest but lukewarm retail participation.
	 
	Key Highlights:
	- 
		Muted Grey Market Premium (GMP): Ahead of listing, the GMP stood at ₹-1, signaling a flat or slightly negative debut.
 
	- 
		Subscription Details: The IPO was subscribed 2.09 times, with QIBs oversubscribing 4.34 times, while retail and non-institutional investors showed weaker demand at 0.70 and 0.32 times, respectively.
 
	- 
		Business Strength: Aegis Vopak Terminals operates LPG and liquid storage terminals across five major Indian ports, with a total capacity of 1.50 million cubic meters for liquids and 70,800 MT for LPG.
 
	- 
		Financial Performance: The company reported a net profit of ₹85.89 crore for the nine months ending December 2024, with revenues of ₹476.15 crore and a PAT margin of 15.18%.
 
	- 
		IPO Utilization: Funds raised will be used for debt repayment and acquisition of a cryogenic LPG terminal in Mangalore, alongside general corporate purposes.
 
	Despite solid fundamentals, the muted listing reflects short-term caution among investors. Analysts suggest long-term prospects remain strong, given Aegis Vopak’s strategic role in India’s energy logistics sector.
	 
	Sources: Economic Times, Moneycontrol, News18