The IPO street is buzzing again, and today, May 26, brings two major players head-to-head, that is, Aegis Vopak Terminals and Leela Hotels. While one is a logistics and storage solutions company, the other is a hospitality brand. As both issues open for public subscription today, here are five key things to know about each of these issues.
Aegis Vopak Terminals Vs Leela Hotels IPO: GMP trends
In the unlisted grey market, Aegis Vopak Terminals is quoting a premium of Rs 14.5 per share, hinting at a likely listing around Rs 249.5, which is 6.17% higher than its issue price of Rs 235.
Meanwhile, Leela Hotels IPO is seeing a GMP of Rs 13 per share, indicating a potential debut near Rs 448, or roughly 3% above its upper price band of Rs 435.
However, it is important to note that this is not the actual listing price and it may fluctuate based on market sentiment.
Aegis Vopak Terminals Vs Leela Hotels IPO: IPO size, price band and investment details
Let’s take a look at how the numbers stack up. Aegis Vopak Terminals is raising Rs 2,800 crore, entirely through a fresh issue of 11.91 crore shares.
This mainboard offering is priced between the range of Rs 223 to Rs 235 per share, with investors needing to apply for a minimum of 63 shares in one lot. For retail investors, this means an entry investment of around Rs 14,049. For non-institutional investors, the small category (sNII) requires at least 14 lots or 882 shares, translating to Rs 2,07,270, while the big category (bNII) needs 68 lots or 4,284 shares, amounting to Rs 10,06,740.
Leela Hotels has a larger issue size at Rs 3,500 crore, made up of Rs 2,500 crore in fresh shares and Rs 1,000 crore via offer for sale (OFS).
The price band for Leela Hotels is between Rs 413 to Rs 435. The minimum lot is 34 shares, needing an investment of Rs 14,042, though applying at the cut-off price will cost about Rs 14,790. For HNIs, the bar is higher with sNII needing to invest over Rs 2 lakh, and bNII above Rs 10 lakh.
Aegis Vopak Terminals Vs Leela Hotels IPO: Anchor investor action – big names on both sides
Ahead of their openings, Aegis Vopak raised Rs 1,260 crore from investors like Goldman Sachs, Nomura Trust, and Aberdeen Standard SICAV.
Leela Hotels locked in Rs 1,575 crore from domestic heavyweights like HDFC MF, ICICI Prudential MF, and Mirae MF.
Aegis Vopak Terminals Vs Leela Hotels IPO: Promoter line-up
Aegis Vopak’s promoters include Aegis Logistics, Huron Holdings, Vopak India, and Koninklijke Vopak N.V., a well-known global energy and chemical storage giant.
Leela Hotels is backed by a string of Project Ballet Holdings companies, structured across multiple Indian and international entities under the Brookfield umbrella.
Aegis Vopak Terminals Vs Leela Hotels IPO: Subscription, allotment and listing
Both IPOs are open for subscription from May 26 to May 28, 2025. The allotment is expected on May 29, with a tentative listing on June 2 on both NSE and BSE.