Latest news with #AegisVopakTerminals
India Today
4 days ago
- Business
- India Today
Stocks to watch June 19: HDFC Bank, Jio Financial, Hero, Abott, Tata Elxsi
Stock markets ended slightly in the red on Tuesday, continuing a phase of consolidation. With the US Federal Reserve deciding to keep its key lending rate unchanged, traders and investors in India may react cautiously in today's session. On June 19, several companies will be in focus due to corporate actions, new developments, or earnings Aegis Logistics and Aegis Vopak Terminals will announce their quarterly results today. Investors will closely watch their performance, especially in light of global supply chain movements and energy BANK HDFC Bank may draw attention as its CEO Sashidhar Jagdishan has approached the Bombay High Court seeking to cancel an FIR filed against him by the Lilavati Trust. The matter is likely to stay in focus until further updates come MOTOCORPHero MotoCorp has announced the launch of its Vida VX2 electric scooters. The rollout will begin on July 1, 2025. The scooters will be offered with a Battery-as-a-Service model, which means customers can use the battery on a subscription basis rather than buying it outright. This move could improve the affordability and reach of electric vehicles in INDIAAbbott India has entered into a distribution agreement with MSD Pharmaceuticals. The partnership aims to widen access to MSD's oral anti-diabetes medicines in India. The agreement includes Sitagliptin-based products that are used to manage Type 2 diabetes. This deal is expected to strengthen Abbott's reach in the diabetes treatment ENERGYShares of Siemens Energy India will debut on the stock market today following its demerger from parent company Siemens. The listing comes after months of preparation, and investors will be watching how the shares perform on the first day of FINANCIAL SERVICESJio Financial Services acquired over 7.9 crore equity shares worth Rs 104.54 crore of Jio Payments Bank (JPBL) from the State Bank of India (SBI). This transaction took place after receiving approval from the Reserve Bank of India on June 4. The deal strengthens Jio Financial's position in the digital banking and payments SMALL FINANCE BANKESAF Small Finance Bank has approved the sale of a group of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC). The move is part of the bank's plan to clean up its balance sheet and reduce bad ELXSITata Elxsi has partnered with Infineon Technologies to co-develop application-ready electric vehicle (EV) solutions for the Indian market. The partnership will focus on designing systems that are tailored for local needs, helping manufacturers build efficient and affordable estate developer Puravankara has secured a new project in Bengaluru. The company bagged a contract worth Rs 272 crore for a residential development, which could support its revenue growth in upcoming LIFESCIENCESZydus Lifesciences is also in focus after the US Food and Drug Administration (US FDA) issued two observations following an inspection at the company's oncology injectable unit located at SEZ 1 near Matoda, Ahmedabad. Investors will be awaiting further clarity on the impact of these observations.
Business Standard
12-06-2025
- Business
- Business Standard
Aegis Logistics' arm commissions Cryogenic LPG terminal at Mangalore
Aegis Logistics has announced that its wholly owned subsidiary, Sea Lord Containers (SCL), has commissioned a cryogenic Liquified Petroleum Gas (LPG) terminal at Mangalore. The terminal, which has a static storage capacity of 82,000 metric tonnes, commenced operations on 12 June 2025, for the storage and terminalling of liquified petroleum gases. The said terminal, developed by SCL on behalf of Aegis Vopak Terminals, an associate company, the terminal will be transferred to Aegis Vopak Terminals at a later date. The company will provide further updates to the stock exchanges in due course. Aegis Logistics is engaged in the import and distribution of liquefied petroleum gas (LPG), as well as the storage and terminalling of LPG, petroleum, oil, and chemical products. The company also undertakes the construction of terminals and allied infrastructure to support its logistics and energy operations. The companys consolidated net profit declined 4.5% to Rs 124.25 crore on an 8.9% fall in net sales to Rs 1,706.99 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.04% to Rs 802.30 on the BSE.
Economic Times
02-06-2025
- Business
- Economic Times
The Leela Hotels, Aegis Vopak Terminals shares surge up to 10% post listing. What should investors do now?
Shares of Aegis Vopak Terminals and The Leela Hotels (Schloss Bangalore) rebounded up to 10% on the BSE after a weak listing on Monday. ADVERTISEMENT Aegis Vopak Terminals listed at Rs 220, a 6.4% discount to its IPO price of Rs 235. However, the stock quickly bounced back, hitting the 10% upper circuit at Rs 241.95. Schloss Bangalore, which owns and operates luxury properties under the iconic "The Leela" brand, debuted at Rs 406 on the NSE and Rs 406.50 on the BSE, a discount of about 6.6% from the issue price of Rs 435. It later surged nearly 7% to reclaim the IPO price level. Expert View"Aegis Vopak Terminals listed at a discount due to muted investor enthusiasm despite strong institutional backing. With the retail and HNI segments under-subscribed, concerns around valuation were evident. Long-term investors may wait for further consolidation before entering, given the company's robust expansion outlook," said Satish Chandra Aluri of Lemonn Markets The Leela Hotels, Aluri added, 'Despite the strength of its brand and institutional interest, retail and HNI participation remained weak. The flat grey market premium had already signaled a subdued listing. Valuation concerns continue to weigh on investor sentiment.' ADVERTISEMENT The IPO, entirely a fresh issue of 11.91 crore shares, was subscribed 2.09 times overall, driven by Qualified Institutional Buyers (QIBs), whose quota was subscribed 4.34 times. In contrast, the non-institutional investor (NII) and retail portions were subscribed just 0.32 and 0.70 times, respectively. Aegis Vopak Terminals is a joint venture between Aegis Logistics and Netherlands-based Royal Vopak. The company operates LPG and liquid storage terminals at five major Indian ports—Haldia, Kochi, Mangalore, Pipavav, and Kandla—with a total capacity of 1.5 million cubic meters for liquids and 70,800 MT for LPG. ADVERTISEMENT The Leela Hotels IPO comprised a fresh issue worth Rs 2,500 crore and an offer for sale of Rs 1,000 crore. The issue was subscribed 2.62 times overall, with QIBs bidding 4.34 times their allotment. Retail and HNI participation lagged at 0.70 and 0.32 times, by Brookfield-managed funds, the company owns five luxury hotels across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. It also manages several other Leela-branded properties, with a total operational portfolio of 12 hotels and 3,382 keys, positioning it among India's largest luxury hospitality operators. ADVERTISEMENT Proceeds from the fresh issue will be used to repay borrowings at key group properties and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-06-2025
- Business
- Time of India
The Leela Hotels, Aegis Vopak Terminals shares surge up to 10% post listing. What should investors do now?
Shares of Aegis Vopak Terminals and The Leela Hotels (Schloss Bangalore) rebounded up to 10% on the BSE after a weak listing on Monday. Aegis Vopak Terminals listed at Rs 220, a 6.4% discount to its IPO price of Rs 235. However, the stock quickly bounced back, hitting the 10% upper circuit at Rs 241.95. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo Schloss Bangalore, which owns and operates luxury properties under the iconic "The Leela" brand, debuted at Rs 406 on the NSE and Rs 406.50 on the BSE, a discount of about 6.6% from the issue price of Rs 435. It later surged nearly 7% to reclaim the IPO price level. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Expert View "Aegis Vopak Terminals listed at a discount due to muted investor enthusiasm despite strong institutional backing. With the retail and HNI segments under-subscribed, concerns around valuation were evident. Long-term investors may wait for further consolidation before entering, given the company's robust expansion outlook," said Satish Chandra Aluri of Lemonn Markets Desk. Live Events On The Leela Hotels, Aluri added, 'Despite the strength of its brand and institutional interest, retail and HNI participation remained weak. The flat grey market premium had already signaled a subdued listing. Valuation concerns continue to weigh on investor sentiment.' Aegis Vopak Terminals IPO Details The IPO, entirely a fresh issue of 11.91 crore shares, was subscribed 2.09 times overall, driven by Qualified Institutional Buyers (QIBs), whose quota was subscribed 4.34 times. In contrast, the non-institutional investor (NII) and retail portions were subscribed just 0.32 and 0.70 times, respectively. Aegis Vopak Terminals is a joint venture between Aegis Logistics and Netherlands-based Royal Vopak. The company operates LPG and liquid storage terminals at five major Indian ports—Haldia, Kochi, Mangalore, Pipavav, and Kandla—with a total capacity of 1.5 million cubic meters for liquids and 70,800 MT for LPG. The Leela Hotels IPO Details The Leela Hotels IPO comprised a fresh issue worth Rs 2,500 crore and an offer for sale of Rs 1,000 crore. The issue was subscribed 2.62 times overall, with QIBs bidding 4.34 times their allotment. Retail and HNI participation lagged at 0.70 and 0.32 times, respectively. Backed by Brookfield-managed funds, the company owns five luxury hotels across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. It also manages several other Leela-branded properties, with a total operational portfolio of 12 hotels and 3,382 keys, positioning it among India's largest luxury hospitality operators. Proceeds from the fresh issue will be used to repay borrowings at key group properties and for general corporate purposes.
Mint
02-06-2025
- Business
- Mint
Aegis Vopak Terminals share price jumps 10% after weak stock market debut. Should you buy, sell or hold?
Aegis Vopak Terminals share price gained over 10 per cent in Monday's trading session despite weak listing in the Indian stock market on June 2. At 11:55 am, Aegis Vopak Terminals shares climbed to ₹ 242 apiece on NSE, against the listing price of ₹ 220. The stock was listed on Indian bourses at a discount of 4.38 per cent over the issue price of ₹ 235. The ₹ 2,800 crore IPO was open for subscription from May 26 to May 28. It closed on a subdued note, garnering overall bids at 2.20 times the available shares during the three-day window. Investors bid for a total of 14.43 crore shares against the 6.55 crore on offer. The retail investor segment fell short, receiving only 0.81 times subscription, while the non-institutional investor (NII) portion was subscribed just 0.41 times. In contrast, the qualified institutional buyers (QIBs) category saw strong interest, being subscribed 3.47 times. Aegis Vopak Terminals IPO was entirely a fresh equity issue, involving 11.91 crore shares, with no portion earmarked for an offer-for-sale. Retail investors had to apply for a minimum of 63 shares, requiring an investment of at least ₹ 14,049. Prior to launching the IPO, the company raised ₹ 1,260 crore from anchor investors. Aegis Vopak Terminals Limited (AVTL), which operates tank storage facilities as a third-party service provider, aims to generate ₹ 2,800 crore through the fresh issue. The proceeds will primarily be used to repay or prepay select outstanding loans. In addition, funds will support capital expenditure, including the planned purchase of a cryogenic LPG terminal in Mangalore. A portion will also be reserved for general corporate needs. ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Jefferies India Private Limited, HDFC Bank Limited are the book running lead managers of the Aegis Vopak Terminals IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue.
