Latest Global Financial and Business News I www.globalfinserve.com
[ad_1]
IPO Overview
Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, has filed draft papers with capital markets regulator Sebi to raise ₹3,500 crore through an IPO. The IPO will consist of a fresh issue of equity shares, with no offer-for-sale component. The company may also raise up to ₹700 crore through a pre-IPO placement, which would reduce the size of the public issue. The funds raised will be used for debt repayment, capital expenditure for the acquisition of a cryogenic LPG terminal, and general corporate purposes.
Aegis Vopak Terminals owns and operates 18 storage tank terminals across India, providing secure storage facilities for various liquids and gases. The strategic location of these terminals near key ports and major shipping routes offers competitive advantages in terms of faster evacuation, lower delivery costs, and improved delivery times. ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank are the book-running lead managers for the IPO.
First Published: Nov 20, 2024 12:58 AM IST
[ad_2]
Source link