Age’s Vopac Terminals, Listed Listed on Monday: GMP suggests it is here

On Monday, the spirit of investors will be focused on June 2, as Ages Wopak Terminals and Lila Palace (Slos Bangalore) will enter the Indian stock exchanges. Both IPOs indicate moderate interest, mainly from institutional investors, while the gray market suggests a premium mute list.

Agis Vopac Terminals IPO GMP

Open from May 26 to May 28, IPO of Age Wopak Terminals, with an overall subscription of 2.09 times, received a mild response. The issue includes new issues of fully 11.91 crore equity shares, priced at Rs 223-2235 per share.

The Gray Market Premium (GMP) for Ages Vopak Shares is currently only Rs 1, indicating an approximately Rs 236 list – a marginal side of 0.43% compared to the upper price band.

Age is a joint venture between Wopak Terminals, Age’s Logistics and Dutch company Wopak, operating 18 terminals in five major Indian ports. It consists of 1.5 million cubic meters of liquid storage and more than 70,800 MT of LPG storage capacity. The use of IPO’s income will be made to repay the debt, edit the cryogenic terminal in Mangalore and fund for general corporate purposes.

Green (Slos Bangalore) IPO GMP

Sklos Bangalore’s IPO, which has and operates green palaces, hotels and resorts, Times Times. Times times saw the overall subscription. However, the enthusiasm was mostly run by qualified institutional buyers (QIB), who subscribed 7.46 times. In comparison, the retail quota was only subscribed 0.83 times, and the non-institutional investors (NII) segment indicates only 1.02 times-instantic circles in the segment.

GMP is currently at Rs 2 for Slos Bangalore, pointing to a possible list against a 435 issue price, indicating a minimum premium of 0.46%.

Brookfield supported 12 luxury hotels under the supported hospitality firm green brand. IPO income will be used to reduce debt at entity and subsidiary levels – including properties in New Delhi, Chennai, Udaipur and Jaipur – and for general corporate purposes.

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