Aegis Vopak Terminals Limited has announced the complete utilization of its ₹2,800 crore Initial Public Offering (IPO) proceeds, according to the monitoring agency report for the quarter ended September 30, 2025. The company has strategically deployed the funds across various objectives, adhering to its stated goals in the offer document.

Breakdown of Fund Utilization

The IPO proceeds were allocated as follows:

Key Highlights

• Debt Repayment: The company fully utilized ₹2,015.95 crore for repaying or prepaying certain outstanding borrowings.
• Capital Expenditure: ₹671.30 crore was deployed towards the contracted acquisition of a cryogenic LPG terminal at Mangalore.
• General Corporate Purposes: An additional ₹1.37 crore, originally earmarked for issue expenses, was redirected to general corporate purposes, bringing the total to ₹5.00 crore. This amount was used for lease liability payments.
• Issue Expenses: The actual spending on issue-related expenses was ₹83.36 crore, lower than the initial estimate of ₹109.12 crore.

Monitoring Agency Findings

CARE Ratings Limited, appointed as the monitoring agency, reported no deviations from the stated objectives. The report indicates that all statutory approvals have been obtained, and no major deviations were recorded since the last monitoring report.

Remaining Balance

A balance of ₹25.66 crore remains, comprising ₹0.04 crore in the Monitoring Account and ₹25.62 crore in the Public Issue Account.

Market Impact

The strategic deployment of IPO proceeds, particularly in debt repayment and capital expenditure, may potentially strengthen Aegis Vopak Terminals' financial position and operational capabilities. The acquisition of the cryogenic LPG terminal at Mangalore could expand the company's footprint in the liquid storage and handling sector.

Investors and market analysts may view this complete utilization of funds positively, as it demonstrates the company's commitment to its growth strategy and financial prudence.

As Aegis Vopak Terminals continues to execute its business plans, the market will likely keep a close watch on how these investments translate into operational performance and financial results in the coming quarters.

Aegis Vopak Terminals Ltd. , India's largest third-party operator of tank storage terminals for LPG and liquid products, made its debut on the National Stock Exchange (NSE) today. The company's shares opened at Rs 220.00, marking a 6.38% discount to the initial public offering (IPO) price of Rs 235.00.

IPO Details

The company's IPO, which aimed to raise Rs 2,800.00 crore, garnered significant interest from investors. The public offering was subscribed 2.09 times, indicating a moderate demand for the company's shares.

Listing Performance

Despite the positive response to the IPO, the stock's listing price fell short of expectations:

The discounted listing price suggests a cautious sentiment among investors on the first day of trading.

Company Profile

Aegis Vopak Terminals Ltd. holds a prominent position in India's tank storage terminal sector:

• Business Focus: Third-party operator of tank storage terminals
• Key Products: LPG and liquid products
• Market Position: Largest player in its segment in India
• Market Share: Significant in both LPG and liquid product storage sectors

The company's strong market presence and strategic position in the crucial storage infrastructure sector could be factors for investors to watch as trading progresses.

As Aegis Vopak Terminals begins its journey as a publicly traded company, market participants will be keen to observe how the stock performs in the coming days and whether it can overcome its initial listing discount.