India's Aegis Vopak Terminals rises 3% in trading debut

Aegis Logistics

02/06/2025 09:59

** Aegis Vopak Terminals AEGI.NS climbs 3% to 242 rupees on first day of trading

** AEGI is a JV between Dutch tank storage firm Vopak VOPA.AS and India's Aegis Logistics AEGS.NS

** Its ~$328 million IPO was subscribed 2.09 times; portion set aside for qualified institutional buyers subscribed 3.3 times

** Anchor investors bought shares worth 12.6 billion rupees ahead of bids on May 23

** IPO issue price was at 235 rupees; stock opened at 220 rupees amid broader market weakness

** Co valued at $3.14 billion as of 2:41 p.m. IST

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))