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Jun 04, 2025

Aegis Vopak Terminals Limited (“AVTL”) on its initial public offering of equity shares.

AZB & Partners recently advised and represented Aegis Vopak Terminals Limited (“AVTL”) on its initial public offering of equity shares, by way of fresh issue aggregating to approximately INR 28 billion.

AVTL is the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas (“LPG”) and liquid products in terms of storage capacity and has the largest storage capacity in India’s LPG tank storage sector.

The book running lead managers in the IPO were ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Jefferies India Private Limited and HDFC Bank Limited.

The deal team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our counsel, Sweta Ananthanarayanan; our senior associates, Shweta Agrawal and Anusha Mehta; and our associates, Tanaiy Tewari, Shivani Singh, Vaibhav Kumar Shah and Khyati Basant.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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