AEGISLOG

** 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)

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By Hritam Mukherjee

May 28 (Reuters) - Indian initial public offerings of Leela hotels-owner Schloss Bangalore SCHL.NS and Aegis Vopak Terminals AEGI.NS were oversubscribed on Wednesday, hauled across the line by institutional buyers as retail demand floundered.

India's IPO market is still finding its legs after a slow start to the year, following blockbuster listings from companies such as Swiggy SWIG.NS and NTPC Green NTPG.NS in 2024.

India's blue-chip Nifty 50 .NSEI index is up nearly 5% this year but is still more than 5% below record-high levels logged in September 2024, amid uncertainties around global tariffs and worries about their impact to trade.

Proceeds from IPOs are down 29% on-year so far this year, while number of issues have dropped 38%, data from LSEG showed. IPO hopefuls, such as LG Electronics India, have either delayed plans or downsized their issue sizes.

Schloss issued fresh shares and existing investor Brookfield sold some of its stake in the $409 million IPO. Aegis, a JV of Dutch tank storage group Vopak VOPA.AS, only issued new shares in its $328 million offering.

Retail investors, who typically look to pocket listing gains, bid for just 83% of their reserved portion in Schloss' books, while Aegis drew just 77%.

Institutional buyers, including foreign investors and banks, bid for over seven times the shares allotted for them in Schloss, and over three times their portion in Aegis.

"Retail investors and high-net worth individuals recorded lacklustre enthusiasm as they found valuations to be too demanding, especially when markets have still not completely settled and global uncertainty fears loom," said Astha Jain, a research analyst with Hem Securities.

Schloss is targeting a valuation of about $1.7 billion, while Aegis Vopak is aiming one at $3.05 billion. Both the firms are slated to start trading on Indian stock exchanges on June 2.

(Reporting by Hritam Mukherjee and Nandan Mandayam in Bengaluru; Editing by Maju Samuel)

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Adds context in paragraph 2-3 and 7, recasts paragraph 5, adds CFO quote in paragraph 6

By Anna Peverieri and Alban Kacher

April 23 (Reuters) - Dutch tank storage group Vopak VOPA.AS has received conditional approval for the initial public offering (IPO) of its Indian joint venture Aegis Vopak (AVTL) from the country's markets regulator, the group said on Wednesday.

Vopak said last November that AVTL - a joint venture between India's Aegis Logistics and Vopak - had filed for an IPO worth 35 billion rupees ($409.70 million) with the Securities and the Exchange Board of India.

The company, which has storage terminals in seven Indian ports, expects to profit from the dynamic growth of the country's economy, with plans to invest in its liquefied petroleum gas (LPG) market, the group told Reuters in February .

The IPO offering will comprise a primary issue of shares, group CFO Michiel Gilsing told Reuters in an interview following the release of Vopak's first quarter results.

As the draft prospectus was approved two weeks ago, Vopak is now working on the updated draft, which it will file shortly, he added.

"The sentiment in the first quarter on the Indian Stock Exchange was not too good. Now it's picking up again (...), the process is moving in the right direction," Gilsing said.

The IPO's proceeds will mainly be utilised for debt repayment and for the acquisition of an LPG terminal in the southern Indian city of Mangalore, Vopak said last November.

($1 = 85.4290 Indian rupees)

(Reporting by Anna Peverieri and Alban Kacher; Editing by Janane Venkatraman)

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** Shares of oil, gas and chemical logistics co Aegis Logistics AEGS.NS soars 16.8% to 774.5 rupees, set for biggest single-day gain since Nov. 25, 2021

** Stock set to snap four straight sessions of losses

** AEGS is the top-gainer on Nifty smallcap index .NIFSMCP100, which is up 2.4%

** Reuters could not immediately verify reason for day's move

** More than 13.4 mln shares traded, 3.3x its 30-day moving avg

** Avg rating of six analysts covering the stock is "buy" and median PT is 846 rupees, ~12% higher than current price - LSEG data

** AEGS shares more than doubled in 2024

(Reporting by Anuran Sadhu in Bengaluru)

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Nov 19 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• UNIT AEGIS VOPAK TERMINALS HAS FILED DRAFT RED HERRING PROSPECTUS

• UNIT IPO SHALL COMPRISE A FRESH ISSUE OF EQUITY SHARES WORTH UP TO 35 BILLION RUPEES

• PROCEEDS TO BE USED FOR DEBT PAYMENT, CAPEX TO BUY CRYOGENIC LPG TERMINAL

• ICICI SECURITIES, BNP PARIBAS, HDFC BANK AMONG BOOKRUNNING LEAD MANAGER

Source text: ID:nBSE2phfVB

Further company coverage: AEGS.NS

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** Shares of Container Corporation of India (CONCOR) CCRI.NS gain 3% to 833.45 rupees

** State-run logistics firm reported 9% Y/Y rise in Q2 profit on higher cargo volumes

** Stock eyes busiest trading session in more than four weeks; about 2 mln shares traded

** Analysts' avg rating on stock is "hold", peers VRL Logistics VRLL.NS, Aegis Logistics AEGS.NS are rated "buy" - LSEG data

** Median PT on CCRI is 1,010 rupees, 25% premium on last close

** CCRI down 3% YTD, VRLL down ~28% while AEGS up ~125%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Oct 25 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.26 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.50 BILLION RUPEES

Source text for Eikon: ID:nBSECQtyg

Further company coverage: AEGS.NS

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June 14 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• CO, VOPAK AND AEGIS VOPAK TERMINALS ENTERED A SHARE PURCHASE AGREEMENT

• AGREEMENT FOR TRANSFER OF SHARES OF AVTL BY CO TO VOPAK FOR A CONSIDERATION OF 1.8 BILLION RUPEES

Further company coverage: AEGS.NS

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** Shares of Aegis Logistics AEGS.NS rise as much as 8.7% before trimming some gains, last up 3.36% up 650.6 rupees

** The oil, gas and chemical logistics co's March-qtr consol net profit surged 39% y/y as total expenses fell ~21%

** Stock was up 2.9% ahead of results

** Analysts' avg rating on stock is "buy", median PT is 450 rupees - a ~29% discount on last close - per LSEG data

** Including session's gains, stock up ~84% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Aegis Logistics Ltd AEGS.NS:

• AEGIS LOGISTICS LTD- DECLARED INTERIM DIVIDEND OF 1.25 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: AEGS.NS

March 18 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• UNIT APPROVED ACQUISITION OF SPECIALISED STORAGE TERMINALS AT MANGALORE

• PROJECT WILL ENTAIL INVESTMENT OF UPTO 750 MILLION RUPEES

• PROJECT WILL ENTAIL INVESTMENT UPTO 500 MILLION RUPEES FOR ADDITIONAL CAPACITY UNDER CONSTRUCTION

• ACQUISITION RESULTING IN CAPACITY ADDITION AT FACILITIES AT MANGALORE

Source text for Eikon: ID:nBSE6fzvcs

Further company coverage: AEGS.NS

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Feb 15 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: ID:nBSE4pn81J

Further company coverage: AEGS.NS

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Feb 2 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.3 BILLION RUPEES VERSUS 1.25 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.73 BILLION RUPEES VERSUS 20.87 BILLION RUPEES

Further company coverage: AEGS.NS

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** Shares of Container Corporation of India CCRI.NS rise as much as 5.7% to hit a record high at 932.70 rupees

** Stock on track for a sixth consecutive session of gain, if trend holds

** Reason for move was not immediately clear

** Share price above 50-day, 100-day and 200-day simple moving averages since Nov. 3

** State-owned logistics firm reported Q2 profit rise on Nov. 2 after market close, stock has since risen 34.3%

** Trading vol 2.5x the 30-day avg by 2:17 p.m. IST

** Avg rating of 22 analysts close to equivalent of "hold", median PT is 757.50 rupees - LSEG data

** Stock rose 16.4% in 2023, outpacing rivals Aegis Logistics AEGS.NS and Allcargo Logistics ACLL.NS which grew 1.2% and 6%, respectively

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Nov 3 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• AEGIS LOGISTICS LTD SEPT-QUARTER CONSOL NET PROFIT 1.27 BILLION RUPEES VERSUS 933.9 MILLION RUPEES

• AEGIS LOGISTICS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 12.35 BILLION RUPEES VERSUS 21.51 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: AEGS.NS

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July 26 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• DIVIDEND 2.5 RUPEES PER SHARE

• JUNE-QUARTER CONSOL NET PROFIT 1.16 BILLION RUPEES VERSUS PROFIT 1.03 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 21.01 BILLION RUPEES VERSUS 22.35 BILLION RUPEES

Source text for Eikon: ID:nBSE6dlF7q

Further company coverage: AEGS.NS

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** Shares of Aegis Logistics Ltd AEGS.NS rise as much as 7.5% to 342 rupees, their biggest intraday pct gain since Apr. 5

** Co which imports, distributes and stores LPG, set to snap four-day losing run, if gains hold

** Stock's intraday high crosses 200-day simple moving average price of 333.64 rupees

** AEGS also back to regular trading after sinking to "oversold" territory over last 2 sessions

** Stock most traded since Feb. 3, with over 4 mln shares changing hands

** Five analysts covering the stock rate it "hold" on average; median PT is 374 rupees - Refinitiv data

** At current levels, stock trims YTD losses to around 3.8%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

May 30 (Reuters) - Aegis Logistics Ltd AEGS.NS:

• FINAL DIVIDEND 1.25 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 1.41 BILLION RUPEES VERSUS 947.5 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 21.54 BILLION RUPEES VERSUS 21.04 BILLION RUPEES

Source text for Eikon: ID:nNSEbHCDds

Further company coverage: AEGS.NS

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** Shares of Aegis Logistics Ltd AEGS.NS fall as much as 4.01% to 362.50 rupees, a nearly eight-week low

** Integrated logistics firm sees 275,601 shares change hands in block deal at a price of 369.35 rupees per share, as of 12:58 p.m. IST

** Stock most active in three weeks, with a trading volume of 778,472 shares as of 12:58 p.m. IST, more than twice the 30-day avg

** Of five analysts tracking AEGS, three maintain "buy", one suggests "sell" and one recommends "hold"; median TP is 407 rupees - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))