Aegis Logistics subsidiary AEGIS Vopak Terminals LTD shares shall be listed on inventory exchanges on Monday, June 3. The corporate acquired a complete subscription of two.09 instances on the corporate’s higher value band of ₹ 235 per share. Nonetheless, retail and non-institutional class noticed a weak response. The corporate’s IPO acquired bids for 14.43 crore shares towards 6.90 crore shares. The subscription within the QIB class was 3.30 instances. On the similar time, the retail class recorded 77% and 56% subscription from non-institutional traders, earlier than this, the corporate had raised ₹ 1,260 crore from anchor traders. The value band of the difficulty was fastened at ₹ 223-₹ 235 per share. Associated information firm standing and valuation AEGIS Vopak Terminals is India’s largest third-party liquid and LPG storage terminal operator, whose share is 25.53% within the nation’s third-parties storage capability, Market analysts have expressed vigilance over the corporate’s valuation. The corporate’s PE ratio is alleged to be 235x and EV/Ebitda 57X on the estimated figures of FY25. PE ratio reaches 301x based mostly on FY24. After the itemizing, the market cap of AEGIS VOPAK is estimated to be ₹ 26,037.8 crore. What’s the opinion of the invasions? Narendra Solanki of Anand Rathi Wealth stated, “The corporate’s operational affidavit is robust and the long run capability can also be clear. Nonetheless, wanting on the present valuation, the quicker will be restricted on the itemizing day. Constructive is. He stated, “The corporate’s strategic function is essential in India’s power infrastructure. However, the itemizing beneficial properties could also be restricted. Brief time period traders ought to be cautious,” he stated. He has suggested to carry the allotted shares as a substitute of latest purchases on the day of itemizing. Additionally learn: Dividend Shares: 27 corporations distributing dividends within the first week of June, examine the file date, together with full detaildisclaimer: Right here info is being offered right here just for info. It’s mandatory to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
Supply hyperlink
