Aegis Vopak Terminals, India’s largest third-party tank storage operator for LPG and liquid products, has got a big thumbs up from global and domestic institutional investors before its IPO. The company has raised INR 1,259.99 crore from 32 anchor investors by issuing 5,36,17,021 equity shares at INR 235 per share, the upper end of the IPO price band.
Aegis Vopak pre-IPO placement is about 45% of the total INR 2,800 crore public issue, indicating high confidence in the company’s business model, sector and future growth.
Aegis Vopak Anchor Investor Round-up
Aegis Vopak anchor book was led by global institutions like Government Pension Fund Global (Norway), Nomura, Think India Opportunities Master Fund LP, and SMALLCAP World Fund Inc, each investing more than INR 100 crore.
Domestic mutual funds also participated heavily, including HDFC Mutual Fund, Motilal Oswal, Bandhan Mutual Fund, and Baroda BNP Paribas Mutual Fund, with investments across various thematic and sectoral schemes.
This is a big endorsement for Aegis Vopak’s role as a strategic logistics infrastructure play in India’s growing energy and petrochemical import story.
Global and Domestic Participation Summary
- Total Anchor Investment: INR 1,259.99 crore
- Total Anchor Investors: 32
- Global Institutional Investors: 12
- Domestic Mutual Fund Houses: 7
- Individual Domestic Fund Schemes: ~15
- Pre-IPO Subscription Level: ~45% of issue size
🗂 List of Anchor Investors in Aegis Vopak
| No. | Anchor Investor Name | Shares Allocated | % Allocation | Amount (INR) |
|---|---|---|---|---|
| 1 | SMALLCAP World Fund, Inc | 48,35,628 | 9.02% | 113.64 |
| 2 | American Funds Insurance Series – Global Small Capitalization Fund | 4,83,525 | 0.90% | 11.36 |
| 3 | Aberdeen Standard SICAV I – Indian Equity Fund | 41,27,697 | 7.70% | 97.00 |
| 4 | HDFC Mutual Fund – Transportation and Logistics Fund | 4,30,227 | 0.80% | 10.11 |
| 5 | HDFC Mutual Fund – Manufacturing Fund | 19,55,583 | 3.65% | 45.96 |
| 6 | HDFC Balanced Advantage Fund | 29,33,343 | 5.47% | 68.93 |
| 7 | Government Pension Fund Global | 53,19,153 | 9.92% | 125.00 |
| 8 | Nomura India Stock Mother Fund | 53,19,153 | 9.92% | 125.00 |
| 9 | 360 ONE Special Opportunities Fund – Series 13 | 8,51,067 | 1.59% | 20.00 |
| 10 | 360 ONE Focused Equity Fund | 40,42,521 | 7.54% | 95.00 |
| 11 | Hereford Funds – 360 ONE Focused India Fund | 4,25,565 | 0.79% | 10.00 |
| 12 | Motilal Oswal Large Cap Fund | 10,63,818 | 1.98% | 24.99 |
| 13 | Motilal Oswal Small Cap Fund | 10,63,818 | 1.98% | 24.99 |
| 14 | Motilal Oswal Manufacturing Fund | 3,19,158 | 0.60% | 7.50 |
| 15 | Motilal Oswal Active Momentum Fund | 1,70,226 | 0.32% | 4.00 |
| 16 | Motilal Oswal Infrastructure Fund | 4,25,872 | 0.79% | 10.00 |
| 17 | Motilal Oswal Growth Anchors Fund Series XI | 13,82,976 | 2.58% | 32.50 |
| 18 | Motilal Oswal Growth Anchors Fund Series IV | 12,76,569 | 2.38% | 30.00 |
| 19 | Border to Coast Emerging Markets Equity Fund | 48,04,317 | 8.96% | 112.90 |
| 20 | Think India Opportunities Master Fund LP | 53,19,153 | 9.92% | 125.00 |
| 21 | SBI General Insurance Company Ltd. | 21,27,436 | 3.97% | 49.99 |
| 22 | Bandhan Innovation Fund | 3,40,452 | 0.63% | 8.00 |
| 23 | Bandhan Small Cap Fund | 5,10,615 | 0.95% | 12.00 |
| 24 | Bandhan Core Equity Fund | 8,51,067 | 1.59% | 20.00 |
| 25 | Baroda BNP Paribas Manufacturing Fund | 5,31,913 | 0.99% | 12.50 |
| 26 | Baroda BNP Paribas Large Cap Fund | 5,31,913 | 0.99% | 12.50 |
| 27 | Baroda BNP Paribas Energy Opportunities Fund | 6,38,308 | 1.19% | 15.00 |
| 28 | LionGlobal India Fund | 4,97,889 | 0.93% | 11.70 |
| 29 | TOCU Europe III S.A R.L. | 4,97,889 | 0.93% | 11.70 |
| 30 | Goldman Sachs (Singapore) Pte. – ODI | 4,97,889 | 0.93% | 11.70 |
| 31 | ITI Multi Cap Fund | 2,12,814 | 0.40% | 5.00 |
| 32 | ITI Mid Cap Fund | 2,12,751 | 0.40% | 4.50 |
| Total | 5,36,17,021 | 100% | 1,260.00 |
🏭 Company Profile
Aegis Vopak Terminals operates a network of LPG and liquid storage terminals across five key ports in India, handling over 60% of the nation’s LPG imports. The company’s assets provide secure storage for petroleum products, chemicals, vegetable oils, and LPG (including propane and butane). Its storage contributes:
- 11.5% of India’s national LPG tank capacity
- 25.53% of India’s third-party liquid storage capacity
- 1.5 million cubic meters of liquid storage
- 70,800 MT of LPG static capacity
📆 IPO Details and Timeline
| Item | Details |
|---|---|
| IPO Open | 26 May 2025 |
| IPO Close | 28 May 2025 |
| Price Band (INR) | 223 – 235 per share |
| Fresh Issue | INR 2,800 crore |
| Face Value | INR 10 per share |
| Minimum Lot Size | 63 shares (INR 14,805) |
| Listing | NSE & BSE |
| Listing Date | 2 June 2025 |
Use of Proceeds
- INR 2,015.95 crore – Debt repayment
- INR 671.3 crore – Acquisition of Mangalore cryogenic LPG terminal
- Balance – General corporate purposes
📌 Conclusion
With 45% of its IPO subscribed by top-tier institutional investors prior to public bidding, Aegis Vopak Terminals has set a confident tone for its market debut. Its role as a backbone in India’s energy and import infrastructure, paired with solid financial growth and high-margin operations, make it a compelling play in the logistics and storage sector.
As the IPO opens to retail and institutional buyers next week, investor interest will likely remain high — buoyed by the signal sent from this robust anchor investor response.
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