Aegis Logistics Shares Jump Over 3% as Company Launches QIP With Floor Price of ₹1,161.85

Shares of Aegis Logistics Limited gained more than 3% in intraday trade on Thursday after the company opened its Qualified Institutions Placement (QIP) of equity shares. The company's Fund Raising Committee fixed the floor price for the issue at ₹1,161.85 per share.

In morning trading on the National Stock Exchange (NSE), Aegis Logistics touched an intraday high of ₹1,269 per share, up 3.4% from its previous close of ₹1,225.10. The broader market remained steady, with the benchmark Nifty 50 hovering around 25,225 levels.

Issue Details and Pricing Structure

The transaction follows enabling approvals granted by the company's Board of Directors on September 28 and shareholders through a special resolution on October 21.

Key parameters of the institutional offering include:

• Issue Size: Base size of ₹3,000 crore, with an option to raise up to ₹3,500 crore.
• Floor Price: ₹1,161.85 per equity share of face value ₹1 each.
• Indicative Issue Price: ₹1,210 per share, representing a 1.4% discount to Wednesday's closing price.
• Regulatory Discount Provision: Up to 5% discount on the floor price permitted under SEBI ICDR Regulations.
• Dilution Impact: Approximately 7.1% of pre-issue outstanding equity capital based on the base issue size.

In an exchange filing, the company confirmed that the Fund Raising Committee approved and adopted the preliminary placement document and application form dated November 11, setting the relevant date under SEBI regulations as November 11. The final issue price will be determined in consultation with the appointed book-running lead managers.

Use of Proceeds and Financial Performance

Aegis Logistics plans to deploy the net proceeds primarily towards the full or partial prepayment or repayment of outstanding borrowings, as well as meeting general corporate and working capital requirements. Deleveraging is expected to lower interest outgo and provide operational flexibility across its core logistics infrastructure.

The capital raise arrives on the heels of strong financial momentum. For the second quarter of FY27, Aegis Logistics posted a consolidated net profit of ₹261 crore, representing a 45% increase year-on-year. The company continues to see solid volume growth across its bulk liquid and liquefied petroleum gas (LPG) storage and handling infrastructure networks across major Indian ports.