Aegis Vopak Terminal is set to launch Rs 28 billion IPO

Aegis Vopak Terminals, a chemicals and oil storage and logistics solution provider, is set to launch its Rs 28 billion initial public offering (IPO). The issue entirely comprises 1191.1 million equity shares. The price band of the issue ranges between Rs 223-235 per share. The proceeds from the raised funds will be utilised in repayment of outstanding debt, acquisition of a cryogenic liquefied petroleum gas (LPG) terminal at Mangalore, and general corporate purposes.