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| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ORLY ANO IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR ISSUE TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTIY OUTSIDE INDIA.
Initial pubic offering of equity shares on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE", and together with BSE, the "Stock Exchanges") in compliance with chapter II of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations").
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| AEGIS VOPAK TERMINALS LIMITED |
Our Company was incorporated as 'Aegis IPG Logistics (Pipavav) Limited', a public limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated May 28, 2013, issued by the RoC and received a certificate for commencement of business dated June 20, 2013 from the RoC. Subsequently, pursuant to a resolution passed by our Board on July 29, 2021, and by our Shareholders on August 6, 2021, the name of our Company was changed from ‘Aegis LPG Logistics (Pipavav) Limited' to 'Aegis Vopak Terminals Limited' and a fresh certificate of incorporation consequent to the change in name of our Company was issued by the RoC on August 23, 2021.
| For further details of change in the name of our Company and die registered office see "History and Certain Corporate Matters" on page 241 of the Prospectus dated May 28 2025. |
| Corporate Identity Number: U63030GJ2013PLC075304 |
| Registered Office: 502, Skylon, G.I.D.C, Char Rasta, Vapi, Valsad - 396195, Gujarat, India; Corporate Office: 1202, Tower B, Peninsula Business Park, G K Marg, |
| Lower Parel West, Mumbai -400 013, Maharashtra, India |
| Telephone: +91 22 4193 66661 | Email: secretarial@aegisindia.com | Contact Person: Priyanka Sunil Vaidya, Company Secretary and Compliance Officer; | Website: www.aegisvopak.com |
| OUR PROMOTERS: AEGIS LOGISTICS LIMITED, HURON HOLDINGS LIMITED, TRANS ASIA PETROLEUM INC, ASIA INFRASTRUCTURE INVESTMENT LIMITED, VOPAK INDIA B.V., AND KONINKLIJKE VOPAK N.V. |
Our Company has filed the Prospectus with the RoC and the Equity Shares (as defined below) are proposed to be listed on the main board platform of the Stock Exchanges and the trading is expected to commence on June 2, 2025.
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF 119,148,936 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF AEGIS VOPAK TERMINALS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 235 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 225 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 28,000.00 MILLION (THE "ISSUE"). THE ISSUE SHALL CONSTITUTE 10.75% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| ANCHOR INVESTOR ISSUE PRICE: Rs. 235 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH |
| ISSUE PRICE: Rs. 235 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH |
| THE ISSUE PRICE IS 23.50 TIMES THE FACE VALUE OF THE EQUITY SHARES. |
| RISK TO INVESTORS |
| For details refer to section titled "Risk Factors" on page 34 of the Prospectus |
1. Operational risk: Our terminal services and other operations are subject to operational risks. Improper operations, machinery breakdown or other incidents in the course of our operations may result in accidents or damage to products stored at our terminals, which may involve serious injuries to, or even death of, our employees, or monetary losses to our customers.
2. Customer concentration risk: We derived 42.07% (Rs. 1,487.45 million), 44.56% (Rs. 2,503.14 million), 47.20% (Rs. 1,772.00 million) and 44.76% (Rs. 2,077.59 million) of our revenue from our top 10 customers in the last in Fiscal 2023 and 2024 and in the nine months ended December 31, 2023 and 2024, respectively. Any deterioration of their business, substantial reduction in their dealings with us or a loss of any of these customers could have an adverse effect on our business, results of operations, financial condition and cash flows.
3. Risk of reliance on Promoters: We significantly benefit from our relationship with our Promoters. We are backed by our Promoters' resources, industry experience, and financial stability. We leverage our Promoters' brand value, and their reputation, credibility and experience benefit our operations and business strategies. Any decline in this relationship could have an adverse effect on our business, results of operations, financial condition and cash flows.
4. Promoters' coordination risk: We are promoted by Aegis and Royal Vopak as a joint venture wherein 50.10% and 47.31% of our existing Equity Share Capital is held by Aegis and Vopak India BV, respectively. As our Promoters, they exercise significant control over us and would continue to exercise control after the completion of the Issue. Any conflicts between our Promoters could result in potential disruption in our business and operations, which may adversely affect our business, results of operations, financial condition and cash flows.
5. Geographical concentration risk: The majority of our terminals are spread across the west coast of India. We generated 91.61% (Rs. 3,238.81 million), 92.28% 5,183.76 million), 91.31% (Rs. 1,772.00 million) and 92.82% (Rs. 4,308.39 million) in Fiscal 2023 and 2024 and in the nine months ended December 31,2023 and 2024, respectively, from terminals on the west coast of India. Any adverse developments affecting our operations in such region, could have an adverse impact on our business, financial condition, results of operations and cash flows.
6. Risk in relation to lease arrangements: Some of the lease agreements entered into by one of our Subsidiaries, CRL Terminals, have expired and have not been renewed at the time of filing the Prospectus. Such non-renewal of lease may affect our business. Further, our Company and its Subsidiary have not executed or registered and/ or have inadequately stamped, certain lease agreements in relation to some of the properties held by them.
7. Objects related risk. As part of the Objects of the Issue, we propose to use a portion of the Net Proceeds towards contracted acquisition of cryogenic LPG terminal at Mangalore from Sea Lord Containers Limited, in relation to which a no-objection certificate ("NOC") is required from the port of Mangalore by Sea Lord Containers Limited In the event, Sea Lord Containers is unable to obtain such NOC in a timely manner or at all, our ability to acquire and operate such proposed terminal may be impacted.
8. Risk in relation to legal proceedings. Our Company, Subsidiaries, Promoters, and Directors are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have an adverse effect on our business, financial condition, cash flows and results of operations.
9. Related party competition risk. Our Promoter, Aegis, and certain of our Group Companies are engaged in a similar line of business as our Company and may compete with us. There can be no assurance that our Promoter and Group Companies will not compete with our existing business or that we will be able to suitably resolve any such conflicts without any adverse effect on our business and financial performance.
10. Contingent liabilities risk. We have certain contingent liabilities and commitments that have been disclosed in our financial statements. If a significant portion of these liabilities or commitments materialize, it could have an adverse effect on our business, cash flows, financial condition and results of operations.
11. Weighted average cost of acquisition of shares transacted in the last one year, eighteen months and three years preceding the date of the Prospectus:
| Period | Weighted average cost of acquisition (in Rs.)** | Cap Price is 'x' times the weighted average cost of acquisition | Range of acquisition price: lowest price - highest price (in Rs.)# |
| Last one year preceding the date of the Prospectus | 10.66 | 22.05 times | (Nil*-50,000) |
| Last 18 months preceding the date of the Prospectus | 10.66 | 22.05 times | (Nil*-50,000) |
| Last three years preceding the date of the Prospectus | 10.66 | 22.05 times | (Nil*-50,000) |
* The Company issued Equity Shares through bonus issue on August 28,2024.
** Weighted average price has been arrived at by considering only the cost of shares allotted to the promoters on account of further issue, CCPS conversion, bonus issue and transfers, i.e., cost paid by promoter for acquisition by way of subscription, bonus issue and acquisition from another shareholder divided by the total number of equity shares acquired by the above transactions.
The selling price of the shares transferred by the respective promoters to others is not netted off while calculating the average cost of acquisition. However, while calculating the weighted average price of the shares in the hands of the individual, the cost of shares were considered as the price paid to the transferor against such acquisition of shares, where applicable.
Note:
i) A consideration of Rs.10 per CCPS was paid at the time of issuance of 100,000 CCPS to Aegis Logistics Limited, Rs.45,000per CCPS was paid at the time of transfer of 13,000 CCPS to Vopak India B.V., Rs. 29.250per CCPS was paid at the time of transfer of 4,000 & 1,000 CCPS to Sudhir Omprakash Malhotra and Murad Moledina respectively and no consideration was paid at the time of conversion.
Aforesaid amounts paid for the acquisition of CCPS have been considered for the calculation of average cost of acquisition per Equity Share
# As certified by CNK & Associates LLP, by way of their certificate dated May 28, 2025.
12. Weighted average cost of acquisition, floor price and cap price
In respect of the above transactions, set out below are the details of the weighted average cost of acquisition as compared to the Floor Price and Cap Price:
| Period | Weighted average cost of acquisition (Rs. per Equity Share)# | Floor price (i.e. Rs.223) | Cap price (i.e. Rs.235) |
| Weighted average cost of acquisition of Primary Issuances | NA | NA | NA |
| Weighted average cost of acquisition of Secondary Transactions | NA | NA | NA |
| Since there were no primary or secondary transactions of Equity Shares of our Company during the 18 months preceding the date of filing of the Prospectus, the information has been disclosed for price per share of our Company based on the last five primary or secondary transactions where our Promoters, members of the Promoter Group or shareholder(s) having the right to nominate director(s) on our Board, are a party to the transaction, not older than three years prior to the date of filing of the Prospectus irrespective of the size of the transaction, is as below | |||
| Based on primary issuance | 8.10 | 27.53 | 29.01 |
| Based on secondary transactions | 46,875 | 0.00 | 0.01 |
# As certified by C N K & Associates LLP, Chartered countants by way of their certificate dated May 28, 2025.
13. Weighted Average Return on Net Worth for Financial Year ended 2024, 2023 and 2022 is 3.75%. Return on Net Worth for Nine months period ended December 31,2024 is 4.22%.
14. Average cost of acquisition per Equity Share for the Promoters as on the date of the Prospectus is as follows:
The average cost of acquisition per Equity Share for Equity Shares held by our Promoters, as at the date of the Prospectus is provided below.
| Name of the Promoters | Number of Equity Shares of face value Rs. 10 each held | Average cost of acquisition* per Equity Share (in Rs.)# |
| Aegis Logistics Limited | 495,373,957** | 6.07 |
| Vopak India B.V. | 467,852,000 | 28.57 |
| Huron Holdings Limited | N.A. | N.A. |
| Trans Asia Petroleum Inc | N.A. | N.A. |
| Asia Infrastructure Investment Limited | N.A. | N.A. |
| Koninklijke Vopak N.V. | N.A. | N.A. |
*Average cost of acquisition has been arrived at by considering only the cost of shares allotted to the Promoters on account of further issue. CCPS conversion. bonus issue and transfers, i.e., the cost paid by Promoter for acquisition by way of subscription, bonus issue and acquisition from another shareholder divided by the total number of equity shares acquired by the above transactions. The selling price of the shares transferred by the respective Promoters to others has not been netted off while calculating the average cost of acquisition.
Notes:
i. No consideration has been paid for the Bonus issue of 482,052,000 shares issued to Aegis Logistics Limited and 467,313,000 shares issued to Vopak India B. V.
ii. A consideration of Rs. 10 per CCPS was paid at the time of issuance of 100,000 CCPS to Aegis Logistics Limited. Rs. 45,000per CCPS was paid at the time of transfer of 13,000 CCPS to Vopak India B. V. and no consideration was paid at the time of conversion. Aforesaid amounts paid for the acquisition of CCPS have been considered for the calculation of average cost of acquisition per Equity Share "Includes 8,680 Equity Shares each held by Sudhir Omprakash Malhotra, Rajiv Chohan. Radhakrishnan Srinivasan, Murad Mohammed Husein Moledina, Rohitkumar Parsottam Kotak and Girish Bhagoji Gurkhe as the registered holders on behalf of Aegis Logistics Limited and Aegis Logistics Limited is the beneficial owner of these Equity Shares.
# As certified by C N K & Associates LLP, by way of their certificate dated May 28, 2025.
15. The 5 BRLMs associated with the Issue have handled 79 public Issues in current financial year and two preceding financial years, out of which 20 Issues closed below the Issue price on listing date:
| Name of BRLM | Total Issues | Issues closed below IPO price as on listing date |
| ICICI Securities Limited* | 32 | 8 |
| BNP Paribas* | 2 | 1 |
| IIFL Capital Services Limited* (formerly known as IIFL Securities Limited) | 15 | 5 |
| Jefferies India Private Limited* | 5 | 1 |
| HDFC Bank Limited* | 3 | 1 |
| Common Issues | 22 | 4 |
| Total | 79 | 20 |
*Issues handled where there are no common BRLMs
BID/OFFER PERIOD: |
| ANCHOR INVESTOR BIDDING DATE OPENED AND CLOSED ON: FRIDAY, MAY 23, 2025 |
| BID/ISSUE OPENED ON: MONDAY, MAY 26, 2025 |
| BID/ISSUE CLOSED ON: WEDNESDAY, MAY 28, 2025 |
This Issue is being made in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, through Book Building process. The Issue was made through the Book Building Process in terms of Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Issue was allocated on a proportionate basis to the Qualified Institutional Buyers ("QIBs" and such portion, the "QIB Portion"), provided that our Company in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis (the "Anchor Investor Portion"), out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids having been received from domestic Mutual Funds at or above the price at which Equity Shares of face value of Rs. 10 each were allocated to Anchor Investors ("Anchor Investor Allocation Price"), in accordance with the SEBI ICDR Regulations. Further, 5% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor investors), including Mutual Funds, subject to valid Bids having been received at or above the Issue Price. Further, 15% of the Issue was made available for allocation to Non- Institutional Bidders ("NIBs") of which (a) one-third portion was reserved for applicants with application size of more than Rs.0.20 million and up to Rs.1.00 million; and (b) two-thirds portion was reserved for applicants with application size of more than Rs.1.00 million and 10% of the Issue was made available for allocation to Retail Individual Bidders ("RIB") in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Issue Price. All Bidders (except Anchor Investors) were mandatorily required to utilise the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA accounts and UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter), as applicable, pursuant to which their corresponding Bid Amount were blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA Process For details, see "Issue Procedure" on page 455 of the Prospectus.
The bidding for Anchor investor opened and closed on Friday, May 23, 2025. The company received 32 applications from 21 anchor investors (including 6 domestic mutual funds through 17 Mutual Fund schemes) for 5,36,31,333 equity shares. The Anchor investor price was finalized at Rs 235 per Equity Share. A total of 5,36,17,021 shares were allocated under the Anchor Investor Portion aggregating to Rs. 12,59,99,99,935.00/- The Offer received 1,23,495 applications for 19,82,53,503 Equity Shares (prior to rejections) resulting in 1.66 times subscription. The details of the applications received in the Offer from various categories are as under: (before rejections):
| SI. No. | Category | No. of Applications received | No. of Equity Shares applied | No. of Equity Shares reserved as per Prospectus | No. of times Subscribed | Amount (Rs.) |
| A | Retail Individual Bidders | 1,18,532 | 98,98,875 | 1,19,14,893 | 0.83 | 2,32,51,58,514.00 |
| B | Non-institutional Bidders - More than Rs. 0.20 million Up to Rs.1.00 million | 3,453 | 34,25,688 | 59,57,447 | 0.58 | 80,46,78,903.00 |
| C | Non-lnstitutional Bidders - Above Rs. 1.00 million | 1,431 | 85,53,888 | 1,19,14,893 | 0.72 | 2,01,00,57,840 00 |
| D | Qualified Institutional Bidders (excluding Anchors investors) | 47 | 12,27,43,719 | 3,57,44,682 | 3.43 | 28,84,47,73,965.00 |
| E | Anchor Investors | 32 | 5,36,31,333 | 5,36,17,021 | 1.00 | 12,60,33,63,255 00 |
| Total | 1,23,495 | 19,82,53,503 | 11,91,48,936 | 1.66 | 46,58,80,32,477.00 |
Final Demand
A summary of the final demand as at different Bid prices is as under:
| Sr. No. | Bid Price (Rs.) | No. of Equity Shares | % to Total | Cumulative Total | Cumulative % of Total |
| 1 | 223 | 1,75,896 | 0.11 | 1,75,896 | 0.11 |
| 2 | 224 | 9,7021 | 0.01 | 1,85,598 | 0.12 |
| 3 | 225 | 36,729 | 0.02 | 2,22,327 | 0.14 |
| 4 | 226 | 6,363 | 0.00 | 2,28,690 | 0.15 |
| 5 | 227 | 8,001 | 0.01 | 2,36,691 | 0.15 |
| 6 | 228 | 4,536 | 0.00 | 2,41,227 | 0.16 |
| 7 | 229 | 3,717 | 0.00 | 2,44,944 | 0.16 |
| 8 | 230 | 31,689 | 0.02 | 2,76,633 | 0.18 |
| 9 | 231 | 3,213 | 0.00 | 2,79,846 | 0.18 |
| 10 | 232 | 2,520 | 0.00 | 2,82,366 | 0.18 |
| 11 | 233 | 9,702 | 0.01 | 2,92,068 | 0.19 |
| 12 | 234 | 14,049 | 0.01 | 3,06,117 | 0.20 |
| 13 | 235 | 13,86,97,776 | 89.37 | 13,90,03,893 | 89.56 |
| 14 | CUT-OFF | 1,61,96,607 | 10.44 | 15,52,00,500 | 100.00 |
| TOTAL | 15,52,00,500 | 100.00 | |||
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on May 29, 2025.
A. Allotment to Retail Individual Bidders (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Issue Price of Rs. 235 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.78 times. The total number of Equity Shares Allotted in Retail Portion is 93,50,334 Equity Shares to 1,11,838 successful Retail Individual Bidders. The category-wise details of the Basis of Allotment are as under:
| Sr. No. | Category | No. of Applications Received | %of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No. of Equity Shares Allotted |
| 1 | 63 | 1,00,4471 | 89.81 | 63,28,161 | 67.68 | 63 | 1:1 | 63,28,161 |
| 2 | 126 | 5,879 | 5.26 | 7,40,754 | 7.92 | 126 | 1:1 | 7,40,754 |
| 3 | 189 | 1,726 | 1.54 | 3,26,214 | 3.49 | 189 | 1:1 | 3,26,214 |
| 4 | 252 | 797 | 0.71 | 2,00,844 | 2.15 | 252 | 1:1 | 2,00,844 |
| 5 | 315 | 634 | 0.57 | 1,99,710 | 2.14 | 315 | 1:1 | 1,99,710 |
| 6 | 378 | 244 | 0.22 | 92,232 | 0.99 | 378 | 1:1 | 92,232 |
| 7 | 441 | 382 | 0.34 | 1,68,462 | 1.80 | 441 | 1:1 | 1,68,462 |
| 8 | 504 | 131 | 0.12 | 66,024 | 0.71 | 504 | 1:1 | 66,024 |
| 9 | 567 | 59 | 0.05 | 33,453 | 0.36 | 567 | 1:1 | 33,453 |
| 10 | 630 | 295 | 0.26 | 1,85,850 | 1.99 | 630 | 1:1 | 1,85,850 |
| 11 | 693 | 50 | 0.04 | 34,650 | 0.37 | 693 | 1:1 | 34,650 |
| 12 | 756 | 62 | 0.06 | 46,872 | 0.50 | 756 | 1:1 | 46,872 |
| 13 | 819 | 1,132 | 1.01 | 9,27,108 | 9.92 | 819 | 1:1 | 9,27,108 |
| TOTAL | 1,11,838 | 100.00 | 93,50,334 | 100.00 | 93,50,334 |
B. Allotment to Non-lnstitutional Bidders (More than Rs.0.20 million Up to Rs.1.00 million) (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs.0.20 million Up to Rs.1.00 million), who have bid at the Issue Price of Rs. 235 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.55 times. The total number of Equity Shares allotted in this category is 32,80,221 Equity Shares to 3,305 successful applicants. The category-wise details of the Basis of Allotment are as under:
| Sr. No. | Category | No. of Applications Received | % of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No. of Equity Shares Allotted |
| 1 | 882 | 2,983 | 90.26 | 26,31,006 | 80.21 | 882 | 1:1 | 26,31,006 |
| 2 | 945 | 43 | 1.30 | 40,635 | 1.24 | 945 | 1:1 | 40,635 |
| 3 | 1,008 | 28 | 0.85 | 28,224 | 0.86 | 1,008 | 1:1 | 28,224 |
| 4 | 1,071 | 9 | 0.27 | 9,639 | 0.29 | 1,0711 | 1:1 | 9,639 |
| 5 | 1,134 | 7 | 0.21 | 7,938 | 0.24 | 1,134 | 1:1 | 7,938 |
| 6 | 1,197 | 2 | 0.06 | 2,394 | 0.07 | 1,197 | 1:1 | 2,394 |
| 7 | 1,260 | 26 | 0.79 | 32,760 | 1.00 | 1,260 | 1:1 | 32,760 |
| 8 | 1,323 | 6 | 0.18 | 7,938 | 0.24 | 1,323 | 1:1 | 7,938 |
| 9 | 1,386 | 1 | 0.03 | 1,386 | 0.04 | 1,386 | 1:1 | 1,386 |
| 10 | 1,449 | 5 | 0.15 | 7,245 | 0.22 | 1,449 | 1:1 | 7,245 |
| 11 | 1,512 | 3 | 0.09 | 4,536 | 0.14 | 1,512 | 1:1 | 4,536 |
| 12 | 1,575 | 5 | 0.15 | 7,875 | 0.24 | 1,575 | 1:1 | 7,875 |
| 13 | 1,638 | 1 | 0.03 | 1,638 | 0.05 | 1,638 | 1:1 | 1,638 |
| 14 | 1,701 | 5 | 0.15 | 8,505 | 0.26 | 1,701 | 1:1 | 8,505 |
| 15 | 1,764 | 19 | 0.57 | 33,516 | 1.02 | 1,764 | 1:1 | 33,516 |
| 16 | 1,890 | 12 | 0.36 | 22,680 | 0.69 | 1,890 | 1:1 | 22,680 |
| 17 | 1,953 | 3 | 0.09 | 5,859 | 0.18 | 1,953 | 1:1 | 5,859 |
| 18 | 2,016 | 5 | 0.15 | 10,080 | 0.31 | 2,016 | 1:1 | 10,080 |
| 19 | 2,079 | 44 | 1.33 | 91,476 | 2.79 | 2,079 | 1:1 | 91,476 |
| 20 | 2,142 | 21 | 0.64 | 44,982 | 1.37 | 2,142 | 1:1 | 44,982 |
| 21 | 2,205 | 5 | 0.15 | 11,025 | 0.34 | 2,205 | 1:1 | 11,025 |
| 22 | 2,331 | 2 | 0.06 | 4,662 | 0.14 | 2,331 | 1:1 | 4,662 |
| 23 | 2,520 | 6 | 0.18 | 15,120 | 0.46 | 2,520 | 1:1 | 15,120 |
| 24 | 2,646 | 3 | 0.09 | 7,938 | 0.24 | 2,646 | 1:1 | 7,938 |
| 25 | 2,961 | 1 | 0.03 | 2,961 | 0.09 | 2,961 | 1:1 | 2,961 |
| 26 | 3,087 | 1 | 0.03 | 3,087 | 0.09 | 3,087 | 1:1 | 3,087 |
| 27 | 3,150 | 5 | 0.15 | 15,750 | 0.48 | 3,150 | 1:1 | 15,750 |
| 28 | 3,213 | 1 | 0.03 | 3,213 | 0.10 | 3,213 | 1:1 | 3,213 |
| 29 | 3,276 | 1 | 0.03 | 3,276 | 0.10 | 3,276 | 1:1 | 3,276 |
| 30 | 3,402 | 1 | 0.03 | 3,402 | 0.10 | 3,402 | 1:1 | 3,402 |
| 31 | 3,465 | 1 | 0.03 | 3,465 | 0.11 | 3,465 | 1:1 | 3,465 |
| 32 | 3,528 | 3 | 0.09 | 10,584 | 0.32 | 3,528 | 1:1 | 10,584 |
| 33 | 3,591 | 1 | 0.03 | 3,591 | 0.11 | 3,591 | 1:1 | 3,591 |
| 34 | 3,654 | 1 | 0.03 | 3,654 | 0.11 | 3,654 | 1:1 | 3,654 |
| 35 | 3,780 | 3 | 0.09 | 11,340 | 0.35 | 3,780 | 1:1 | 11,340 |
| 36 | 3,843 | 1 | 0.03 | 3,843 | 0.12 | 3,843 | 1:1 | 3,843 |
| 37 | 4,158 | 1 | 0.03 | 4,158 | 0.13 | 4,158 | 1:1 | 4,158 |
| 38 | 4,221 | 40 | 1.21 | 1,68,840 | 5.15 | 4,221 | 1:1 | 1,68,840 |
| TOTAL | 3,305 | 100.00 | 32,80,2211 | 100.00 | 32,80,221 |
C. Allotment to Non-lnstitutional Bidders (more than Rs.1.00 million) (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs.1.00 million), who have bid at the Issue Price of Rs. 235 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.69 times. The total number of Equity Shares allotted in this category is 82,40,778 Equity Shares to 1,359 successful applicants. The category-wise details of the Basis of Allotment are as under:
| Sr. No. | Category | No. of Applications Received | %of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No. of Equity Shares Allotted |
| 1 | 4,284 | 1.264 | 93.01 | 54,14,976 | 65.71 | 4,284 | 1:1 | 54,14,976 |
| 2 | 4,347 | 5 | 0.37 | 21,735 | 0.26 | 4,347 | 1:1 | 21,735 |
| 3 | 4,410 | 12 | 0.88 | 52,920 | 0.64 | 4,410 | 1:1 | 52,920 |
| 4 | 4,473 | 1 | 0.07 | 4,473 | 0.05 | 4,473 | 1:1 | 4,473 |
| 5 | 4,536 | 2 | 0.15 | 9,072 | 0.11 | 4,536 | 1:1 | 9,072 |
| 6 | 4,599 | 4 | 0.29 | 18,396 | 0.22 | 4,599 | 1:1 | 18,396 |
| 7 | 4,725 | 4 | 0.29 | 18,900 | 0.23 | 4,725 | 1:1 | 18,900 |
| 8 | 4,851 | 2 | 0.15 | 9,702 | 0.12 | 4,851 | 1:1 | 9,702 |
| 9 | 5,040 | 2 | 0.15 | 10,080 | 0.12 | 5,040 | 1:1 | 10,080 |
| 10 | 5,103 | 1 | 0.07 | 5,103 | 0.06 | 5,103 | 1:1 | 5,103 |
| 11 | 5,166 | 2 | 0.15 | 10,332 | 0.13 | 5,166 | 1:1 | 10,332 |
| 12 | 5,418 | 1 | 0.07 | 5,418 | 0.07 | 5,418 | 1:1 | 5,418 |
| 13 | 5,670 | 1 | 0.07 | 5,670 | 0.07 | 5,670 | 1:1 | 5,670 |
| 14 | 6,111 | 1 | 0.07 | 6,111 | 0.07 | 6,111 | 1:1 | 6,111 |
| 15 | 6,300 | 10 | 0.74 | 63,000 | 0.76 | 6,300 | 1:1 | 63,000 |
| 16 | 6,363 | 2 | 0.15 | 12,726 | 0.15 | 6,363 | 1:1 | 12,726 |
| 17 | 6,426 | 1 | 0.07 | 6,426 | 0.08 | 6,426 | 1:1 | 6,426 |
| 18 | 6,930 | 2 | 0.15 | 13,860 | 0.17 | 6,930 | 1:1 | 13,860 |
| 19 | 7,497 | 1 | 0.07 | 7,497 | 0.09 | 7,497 | 1:1 | 7,497 |
| 20 | 8,190 | 1 | 0.07 | 8,190 | 0.10 | 8,190 | 1:1 | 8,190 |
| 21 | 8,505 | 2 | 0.15 | 17,010 | 0.21 | 8,505 | 1:1 | 17,010 |
| 22 | 8,568 | 6 | 0.44 | 51,408 | 0.62 | 8,568 | 1:1 | 51,408 |
| 23 | 8,820 | 1 | 0.07 | 8,820 | 0.11 | 8,820 | 1:1 | 8,820 |
| 24 | 10,206 | 1 | 0.07 | 10,206 | 0.12 | 10,206 | 1:1 | 10,206 |
| 25 | 10,521 | 1 | 0.07 | 10,521 | 0.13 | 10,521 | 1:1 | 10,521 |
| 26 | 10,584 | 1 | 0.07 | 10,584 | 0.13 | 10,584 | 1:1 | 10,584 |
| 27 | 11,025 | 1 | 0.07 | 11,025 | 0.13 | 11,025 | 1:1 | 11,025 |
| 28 | 12,411 | 1 | 0.07 | 12,411 | 0.15 | 12,411 | 1:1 | 12,411 |
| 29 | 12,600 | 1 | 0.07 | 12,600 | 0.15 | 12,600 | 1:1 | 12,600 |
| 30 | 12,726 | 1 | 0.07 | 12,726 | 0.15 | 12,726 | 1:1 | 12.726 |
| 31 | 12,852 | 2 | 0.15 | 25,704 | 0.31 | 12,852 | 1:1 | 25,704 |
| 32 | 18,900 | 1 | 0.07 | 18,900 | 0.23 | 18,900 | 1:1 | 18,900 |
| 33 | 21,105 | 1 | 0.07 | 21,105 | 0.26 | 21,105 | 1:1 | 21,105 |
| 34 | 21,231 | 4 | 0.29 | 84,924 | 1.03 | 21,231 | 1:1 | 84,924 |
| 35 | 21,420 | 2 | 0.15 | 42,840 | 0.52 | 21,420 | 1:1 | 42,840 |
| 36 | 27,279 | 1 | 0.07 | 27,279 | 0.33 | 27,279 | 1:1 | 27,279 |
| 37 | 29,421 | 1 | 0.07 | 29,421 | 0.36 | 29,421 | 1:1 | 29,421 |
| 38 | 31,500 | 1 | 0.07 | 31,500 | 0.38 | 31,500 | 1:1 | 31,500 |
| 39 | 42,525 | 1 | 0.07 | 42,525 | 0.52 | 42,525 | 1:1 | 42,525 |
| 40 | 42,840 | 2 | 0.15 | 85,680 | 1.04 | 42,840 | 1:1 | 85,680 |
| 41 | 46,620 | 1 | 0.07 | 46,620 | 0.57 | 46,620 | 1:1 | 46,620 |
| 42 | 50,022 | 1 | 0.07 | 50,022 | 0.61 | 50,022 | 1:1 | 50,022 |
| 43 | 63,000 | 1 | 0.07 | 63,000 | 0.76 | 63,000 | 1:1 | 63,000 |
| 44 | 68,040 | 1 | 0.07 | 68,040 | 0.83 | 68,040 | 1:1 | 68,040 |
| 45 | 1,26,000 | 2 | 0.15 | 2,52,000 | 3.06 | 1,26,000 | 1:1 | 2,52,000 |
| 46 | 2,12,751 | 1 | 0.07 | 2,12,751 | 2.58 | 2,12,751 | 1:1 | 2,12,751 |
| 47 | 12,76,569 | 1 | 0.07 | 12,76,569 | 15.49 | 12,76,569 | 1:1 | 12,76,569 |
| TOTAL | 1,359 | 100.00 | 82,40,778 | 100.00 | 82,40,778 |
D. Allotment to QIBs
Allotment to QIBs. who have Bid at the Issue Price of Rs. 235 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 3.43 times of QIB Portion. As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e., 22,33,029 Equity Shares (includes spillover of 3,17,567 Equity Shares from NIB category and Spill Over of 1,28,228 from Retail Category) and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e., 4,24,27,553 Equity Shares (includes spillover of 60,33,774 Equity Shares from NIB category and Spill Over of 24,36,331 from Retail Category) on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 4,46,60,582 Equity Shares which were allotted to 47 successful QIB Investors. The category-wise details of the Basis of Allotment are as under:
| Category | FIS/BANKS | MF'S | IC'S | NBFC'S | AIF | FPC | VC'S | TOTAL |
| Allotment | 4,49,457 | 45,09,130 | 74,902 | - | 44,94,346 | 3,51,32,747 | - | 4,46,60,582 |
E. Allotment to Anchor Investors
The Company, in consultation with the BRLMs, have allocated 5,36,17,021 Equity Shares to 21 Anchor Investors (through 32 Applications) at the Anchor Investor Issue Price of Rs. 235 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion.
| Category | FI'S/BANK'S | MF'S | IC'S | NBFC'S | AIF | FII/FPC | OTHERS | Total |
| Allotment | - | 1,58,51,115 | 21,27,436 | - | 35,10,612 | 3,21,27,858 | - | 5,36,17,021 |
The Company on May 29, 2025 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-lntimations and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on May 29, 2025 and payment to non-Syndicate brokers have been issued on May 29, 2025. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on May 30, 2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with BSE and NSE on May 30, 2025. The Company has received listing and trading approval from BSE and NSE and the trading will commence on or about June 2, 2025.
Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus. INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue, MUFG Intime India Private Limited at www.in.mpms.mufg.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ sole Bidder, Bid cum Application Form number. Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:
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MUFG Intime India Private Limited |
| (Formerly Link Intime India Private Limited) | |
| C-101,247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India | |
| Telephone: +91 810 811 4949 | |
| E-mail: aegisvopak.ipo@in.mpms.mufg.com | |
| Investor Grievance ID: aegisvopak.ipo@in.mpms.mufg.com | |
| Website: www.in.mpms.mufg.com | |
| Contact person: Shanti Gopalkrishnan | |
| SEBI Registration No.: INR000004058 |
| For AEGIS VOPAK TERMINALS LIMITED | |
| On behalf of the Board of Directors | |
| Sd/- | |
| Place: Vapi, Valsad, Gujarat | Priyanka Sunil Vaidya |
| Date: May 30, 2025 | Company Secretary and Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF AEGIS VOPAK TERMINALS LIMITED.
AEGIS VOPAK TERMINALS LIMITED has filed the Prospectus with RoC on May 28, 2025. The Prospectus is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.aegisvopak.com and on the websites of the BRLMs, i.e. ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited (formerly known as IIFL Securities Limited). Jefferies India Private Limited and HDFC Bank Limited at www.icicisecurities.com,and www.hdfcbank.com respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see Risk Factors' beginning on page 34 of the Prospectus, with SEBI and the Stock Exchanges, and should instead rely on their own examination of our Company and the Issue, including the risks involved, for making any investment decision.
This announcement does not constitute an invitation or issue of securities for sale in any jurisdiction, including United States. The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), or any state law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (ii) outside the United States in "offshore transactions" as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
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