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After three days of bidding, Aegis Vopak Terminals is set to make its stock market debut on Monday, June 2; What investors should know
According to market observers, the grey market premiums (GMP), which indicate listing gain/ loss, are indicating flat or negative listing for Aegis Vopak Terminals Ltd
Aegis Vopak Terminals IPO Listing Today: After three days of bidding, Aegis Vopak Terminals is set to make its stock market debut on Monday, June 2, with listings on both the BSE and NSE. The IPO, which ran from May 26 to May 28, saw a muted response overall, with a subscription rate of 2.09 times. The offering was solely a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223-Rs 235 per share.
Subscription Status
In terms of investor categories, the non-institutional portion was subscribed 56%, while retail investors subscribed 77%. Qualified institutional buyers (QIBs) showed stronger interest, with subscriptions at 3.30 times. The IPO also raised Rs 1,260 crore from anchor investors prior to the opening.
Grey Market Premium Signals Discounted Listing
Ahead of its listing, shares of Aegis Vopak Terminals are trading at a grey market premium (GMP) of -Rs 1, indicating a likely debut at around Rs 234—slightly below the upper end of the IPO price band. According to investorgain.com, the GMP has ranged from a low of -Rs 1.00 to a high of Rs 15 in recent sessions.
Analysts Cautious But Positive
Analysts expect the stock to list around its upper band price of Rs 235, driven by supportive market sentiment despite the IPO’s higher valuation. Avinash Gorakshkar, Head of Research at Profitmart Securities, noted that while the IPO’s subscription was lukewarm, the prevailing positive mood in the markets may help the stock debut at par with its upper band price.
About Aegis Vopak Terminals
Aegis Vopak Terminals is a leading player in the logistics and storage sector, specialising in handling liquid and gas chemicals through its strategically located terminals. The company operates as a joint venture between Aegis Logistics Ltd and the global tank storage company Royal Vopak. Its robust infrastructure and operational capabilities have positioned it to serve a wide range of industries, including chemicals, petrochemicals, and energy, with safe and reliable storage solutions.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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