AVTL filed draft red herring prospectus with Securities and Exchange Board of India
November 19 2024 - 6:12AM
UK Regulatory
AVTL filed draft red herring prospectus with Securities and
Exchange Board of India
AVTL filed draft red herring prospectus with Securities and
Exchange Board of India
19 November 2024, Rotterdam, the Netherlands
Following the publication of the press release dated 29 October
2024 and the press release dated 9 July 2024, AVTL has now filed
the draft red herring prospectus with the Securities and Exchange
Board of India (‘SEBI’). The formal approval process with SEBI is
expected to take several months.
AVTL is the largest Indian third-party owner and operator of tank
storage terminals for liquified petroleum gas and liquid products
in terms of storage capacity, as of June 30, 2024 (Source:
CRISIL Report). AVTL owns and operates a network of tank
storage terminals having an aggregate storage capacity of
approximately 1.50 million cubic meters for liquid products and
70,800 metric tons of static capacity for LPG as of June 30,
2024.
About Royal Vopak
Royal Vopak helps the world flow forward. At ports around the
world, we provide storage and infrastructure solutions for vital
products that enrich everyday life. These products include liquids
and gases that provide energy for homes and businesses, chemicals
for manufacturing products, and edible oils for cooking. For all of
these, our worldwide network of terminals supports the global flow
of supply and demand. For more than 400 years, Vopak has been at
the forefront of fundamental transformations. With a focus on
safety, reliability, and efficiency, we create new connections and
opportunities that drive progress. Now more than ever, our talented
people are applying this mindset to support the energy transition.
Together with our partners and customers, we are accelerating the
development of infrastructure solutions for hydrogen, ammonia, CO₂,
long-duration energy storage, and low-carbon fuels & feedstocks
– paving the way to a more sustainable future. Vopak is listed on
the Euronext Amsterdam and is headquartered in Rotterdam, the
Netherlands. For more information, please visit
www.vopak.com
Disclaimer: AVTL is proposing, subject to receipt of requisite
approvals, market conditions and other considerations, an initial
public offering of its equity shares and has filed a draft red
herring prospectus dated 19 November 2024 (“DRHP”) with the
Securities and Exchange Board of India (“SEBI”). The DRHP is
available on the website of SEBI at www.sebi.gov.in and the
websites of the Book Running Lead Managers - ICICI Securities
Limited, IIFL Capital Services Limited, BNP Paribas and Jefferies
India Private Limited at www.icicisecurities.com, www.iiflcap.com,
www.bnpparibas.co.in and www.jefferies.com, respectively and the
websites of BSE Limited and National Stock Exchange of India
Limited at www.bseindia.com and www.nseindia.com, respectively.
Investors should note that investment in equity shares involves a
high degree of risk and for details refer to the Red Herring
Prospectus, including the section titled “Risk Factors” of the Red
Herring Prospectus when available. Potential investors should not
rely on the DRHP for any investment decision.
For more information please contact:
Press Information
Vopak Press: Liesbeth Lans - Manager External Communication -
global.communication@vopak.com
Vopak Analysts and Investors: Fatjona Topciu - Head of Investor
Relations- investor.relations@vopak.com
- Press Release AVTL files draft red herring prospectus with
Securities and Exchange Board of India
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