Shares of Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics Ltd, jumped 10 per cent after listing at 6 per cent discount against the IPO price of ₹235.
On the BSE, the stock jumped 10 per cent to ₹241.95 (also its upper price band) as at 11.45 am after listing at ₹220.
It rallied 10 per cent to ₹242 on the National Stock Exchange, after listing at ₹220.
The exchange data showed that the company’s market valuation stood at ₹26,813.39 crore at the time of writing.
Aegis Vopak Terminals IPO fetched 2.09 times subscription on the closing day of bidding and had a price band of ₹223-235 per share.
The IPO was entirely a fresh issue of equity shares worth ₹2,800 crore.
According to the company, the proceeds worth ₹2,016 crore will be used for payment of debt, ₹671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes.
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Published on June 2, 2025
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