DRHP Link: https://www.bseindia.com/corporates/download/337588/IPO%20Prior/AVTLDRHP_20241119151135.pdf
Aegis Vopak Terminals Limited (“AVTL”), a material subsidiary of Aegis Logistics Limited (the “Company”), has filed the Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).
Aegis Vopak Terminals Limited is the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas (“LPG”) and liquid products in terms of storage capacity, as of June 30, 2024. (Source: CRISIL Report)
The IPO comprises of a fresh issue of equity shares of face value ₹ 10 each of AVTL(“Equity Shares”), for an amount aggregating up to Rs. 3,500 crore (the “Issue”) and will be undertaken subject to requisite approvals and market conditions.
The Company proposes to utilise the Net Proceeds from the Issue towards (i) Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company (ii) Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore and (iii) General corporate purposes.
ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Jefferies India Private Limited and HDFC Bank Limited are the Book Running Lead Managers to the issue.