Analysts Attribute The Weak Demand to Steep Valuations. Based on Annualized FY25 Earnings, The Issue is seeking a P/E of 235 Times and an Ev/Ebitda of Nearly 57 times. For Fy24, The P/E Stands at 301 Times, and the Post-Risue Market Capitalization is Estimated at 260,378 Million – Making the Issue appear excess priced, according to analysts.
Given the Subdued Demand, Investor Focus has shifted to Potential Listing Gains, Typical Gauged by the Grey Market Premium (Gmp).
According to market sources, the company’s shares are expected to debut on dalal street at 1% Above the IPO price, as the Gmp for Aegis Vopak Terminals Stood at 3 per share as of Friday. This sugges that the stock may list at 238 Apiece – 3 higher than the upper end of the IPO price band of 235.
The ₹ 2,800 Crore, is entryly a fresh issue of 11.91 Crore Shares “> Mainboard iPo, Valued at 2,800 Crore, Is Entrely a Fresh issue of 11.91 Crore Shares. According to Exchange Data, The PORTION Reserved For Non-Institutional Investors was Subscribed 0.59 Times, Retail Investors 0.81 Times, and Qualified Institute Buyers 3.47 Times.
The company proposes to utilize the net proceeds from the issue towards repayments or prepayment of all or a portion of certain outstanding borrowings, Funding Capital Expected Conscious Expends The Constrated Accounting of The cryogenic lpg terminal at mangalore, and for general corporate purposes.
About Aegis Vopak Terminals
The company in its DRHP said that it is the largest Indian Third-Parthy Owner and operator of Tank Storage Terminals for Liquefied petroleum gas and liquid products in terms of storage capacity, aS of 2024.
IT Owns and Operates A Network of Storage Tank Terminals Having An Aggregate Storage Capacity of Approximately 1.50 Million Cubic Meters for Liquid Products and 70,800 Metric Tons (“MT”) of Static Capacity for LPG as of June 30, 2024, and offers Secure Storage Facility and Associated Infrastructure for Liquids Such as Petroleum, Vegetable Oil, Lubricants, and Various Categories of Chemicals and Various Categories of Chemicals and Gases Such AS LPG (Including Propane and butane).
The company also stated that it has the largest storage capacity in India’s lpg tank storage sector, contributing to approval 12.23% of the total national static capacity as of June 30, 2024.
Disclaimer, The views and recommendations giving in this article are that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Taking Any Investments Decisions.
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