Poor debut! Aegis Vopak Terminals shares list at £ 220, a discount of 6.38% of the IPO price | Einsmark news

Aegis Vopak Terminals IPO list: Shares of Aegis Vopak Terminals IPO made a poor debut on the bourses on Wednesday, May 28, as it was listed on NSE and BSE at £ 220, a 4.38 percent discount above the expansion of £ 235. The bursary trading concluded on a poor note and received a bid of 2.20 times the shares offered during the three-day bid period. A total of 14.43 crore shares were offered, compared to the available 6.55 crore shares. The retail investment portion was not fully subscribed and was 0.81 times in the three days of bids, while the category of non-institutional investors (NII) also saw a subscription of just 0.41 times. Meanwhile, the qualified institutional buyers (QIBS) section have been discussed 3.47 times. Over the IPO AEGIS VOPAK Terminals IPO was a completely fresh problem with 11.91 stocks, with no offer-for-sell component. The minimum application size was set on 63 shares, which requires a minimum investment of £ 14,049 from retail investors. Prior to the public offer, the company acquired £ 1,260 crore through anchor investors. Aegis Vopak Terminals Limited (AVTL), a third party owner and operator of Tank Storage Terminals, wants to increase £ 2,800 crore by a new edition of 11.91 crore shares. The company plans to use the net returns from the offer, mainly to repay or pay certain outstanding loans. A portion of the funds will also be allocated to capital expenditure, especially for the contracted acquisition of a getogenic LPG terminal in mangoing. In addition, part of the returns for general corporate purposes will be set aside. ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Jefferies India Private Limited, HDFC Bank Limited is the book that runs general managers of the Aegis Vopak Terminals IPO, while MUFG INGIGE INDIA PRIVATE LIMITED ((LINK INGERGE) is the Griffier. established as A -joint entry and Vopak Limistic and Vopak India was set up eg. which supports the emphasis of the India. while margins were at 67.49 percent and 74.21 percent for the nine -month periods.