New Delhi, May 22 -- The initial public offering (IPO) of chemicals and oil storage and logistics solutions provider Aegis Vopak Terminals is set to open for subscription on Monday, May 26 and will remain so until Wednesday, May 28.

The third-party owner and operator of tank storage terminals aims to raise Rs.2,800 crore through a fresh issue of 11.91 crore shares. The company intends to use the net proceeds to repay or prepay all or a portion of certain outstanding borrowings and to fund capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore. Some portion of the net proceeds will be used for general corporate purposes.

The price band of Aegis Vopak Terminals IPO has been set at Rs.223 to Rs.23...