Aegis Vopak Terminals Limited has released its monitoring agency report for the quarter ended September 30, 2025. The report, issued by CARE Ratings Limited, assesses the utilization of proceeds from the company’s Initial Public Offering (IPO). No deviations from the disclosed objects were observed. The total unutilized amount from the IPO is ₹25.66 crore as of the quarter’s end.
IPO Proceeds Monitoring
Aegis Vopak Terminals Limited has announced the monitoring agency report for Q2 2025, covering the period up to September 30, 2025. This report, conducted by CARE Ratings Limited, evaluates the application of funds raised through the company’s IPO.
Key Highlights from the Report
The report confirms that there were no deviations from the intended use of funds as outlined in the Offer Document. All utilizations are in line with the disclosed objectives.
Financial Status
As of September 30, 2025, the total unutilized amount from the IPO stands at ₹25.66 crore, including ₹0.04 crore in the Monitoring Account and ₹25.62 crore in the Public Issue Account.
Fund Allocation Details
The IPO funds were primarily allocated towards:
- Repayment or prepayment of certain outstanding borrowings.
- Funding capital expenditure related to the acquisition of a cryogenic LPG terminal at Mangalore.
- General corporate purposes.
General Corporate Purposes
An amount of ₹5.00 crore was allocated towards general corporate purposes. The unutilized amount from issue expenses was additionally used towards general corporate purposes in accordance with the Schedule of Implementation, Utilisation and Deployment of Net Proceeds. These funds were utilized towards payment of invoice pertaining to Lease Liability.
Source: BSE
