AEGIS Vopack Terminals IPO: Buyers had been upset within the inventory market on June 2 of the shares of Age Vopack Terminals Restricted. The share on BSE and NSE was listed at Rs 220 with IPO worth from Rs 235 to Rs 6.38 p.c low cost. Aegis Vopack Terminals Restricted operates storage terminals for liquided petroleum gasoline on and operates. The corporate’s IPO of Rs 2800 crore was opened on 26 Could and closed on 28 Could. It obtained 2.20 instances the subscription. Reserve share for Gqualized Institutional Consumers, reserve share 0.59 instances for non-institutional patrons and reserve share for retail buyers 0.81 instances for retail buyers. The corporate raised Rs 1,260 crore from the anchor buyers earlier than the IPO. The corporate’s promoters associated information AEGIS Vopack Terminals had 11.91 crore new shares within the IPO. Promoter Aegis Logistics Restricted of the corporate, Huron Holdings Restricted, Trans Asia Petroleum INC, Asia Infrastructure Funding Restricted, Vopack India B.V. And Vopack NV Are. The full borrowing on the corporate in the course of the April-December 2024 interval was Rs 2,485.75 crore. What to spend money on investor AEGIS VOPAK Terminals, Narendra Solanki mentioned Narendra Solanki, head of basic analysis in Anand Rathi Wealth, mentioned, “The corporate has achieved probably the most tanks within the trade and the trade has achieved probably the most tanks within the trade. Valuations are very excessive, however the aggressive plans of capability enlargement justify the lengthy -term view. We advocate to subscribe to the inventory just for the lengthy -term funding. Capital bills can be made to satisfy the wants and for common company functions. The income of the Aegis Vopack Terminals was Rs 476.15 crore in the course of the April-December 2024 interval. Pure income had been recorded at Rs 85.89 crore. In FY 2023-24, the corporate’s income was Rs 570.12 crore and internet revenue was Rs 86.54 crore. Disclaimer: Right here data supplied is being supplied right here just for data. It’s obligatory to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
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