Arabian Petroleum Limited IPO Details: Arabian Petroleum is set to launch its initial public offering (IPO) on September 25, 2023. The IPO will close on September 27, 2023. The company is looking to raise ₹20.24 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 2000 shares.
What is Arabian Petroleum IPO?
Arabian Petroleum IPO is a public offering of shares by Arabian Petroleum Limited, a company that manufactures a wide range of lubricants including Specialty Oils, Coolants, etc. which are used in automobiles, industrial machines and appliances. The company’s business is categorized into two distinctive product divisions: (i) Automotive Lubricants – Arzol and (ii) Industrial Lubricants – SPL.
The Arabian Petroleum IPO is scheduled to open on September 25, 2023, and close on September 27, 2023. The issue price is fixed at ₹70 per share. The IPO is expected to raise up to ₹20.24 crore.
The company plans to use the proceeds from the IPO to expand its manufacturing capacity, repay debt, and for general corporate purposes.
Arabian Petroleum IPO is listed on the NSE SME platform.
Here are some key details about the Arabian Petroleum IPO:
- Issue type: Public offer of shares
- Issue size: Up to ₹20.24 crore
- Issue price: ₹70 per share
- Open date: September 25, 2023
- Close date: September 27, 2023
- Listing date: October 6, 2023
- Listing platform: NSE SME
Objectives of Arabian Petroleum IPO
The objectives of the Arabian Petroleum IPO are to:
- Meet working capital requirements
- Fund general corporate purposes
- Meet issue expenses
Working capital requirements include the costs of running the business on a day-to-day basis, such as inventory, accounts receivable, and accounts payable. General corporate purposes can include funding research and development, expanding into new markets, and making acquisitions. Issue expenses are the costs associated with launching the IPO, such as underwriting fees and legal fees.
By raising capital through the IPO, Arabian Petroleum will be able to invest in its business and grow its operations. This is likely to benefit shareholders in the long term.
Arabian Petroleum IPO Date & Price Band Details
|IPO Open:||September 25, 2023|
|IPO Close:||September 27, 2023|
|IPO Size:||Approx ₹20.24 Crores, 2,892,000 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹70 Per Equity Share|
|IPO Listing on:||NSE SME|
|Retail Quota:||50% of the net offer|
|QIB Quota:||[.]% of the net offer|
|NII Quota:||50% of the net offer|
|DRHP Draft Prospectus:||Click Here|
Arabian Petroleum IPO Market Lot
The Arabian Petroleum IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
Arabian Petroleum IPO Dates
The Arabian Petroleum IPO date is September 25 and the IPO close date is September 27. The IPO allotment date is October 3 and the IPO might list on October 6.
|IPO Open Date:||September 25, 2023|
|IPO Close Date:||September 27, 2023|
|Basis of Allotment:||October 3, 2023|
|Refunds:||October 4, 2023|
|Credit to Demat Account:||October 5, 2023|
|IPO Listing Date:||October 6, 2023|
Arabian Petroleum IPO Subscription Status
For the latest update on the Arabian Petroleum IPO, you can check this dedicated page for IPO subscription status.
Arabian Petroleum IPO Allotment Status
For the latest update on the Arabian Petroleum IPO, you can check this dedicated page for IPO allotment status.
Arabian Petroleum IPO Forms
For IPO form for the Arabian Petroleum IPO, you can check this dedicated page for IPO Forms.
Arabian Petroleum Company Financials
Arabian Petroleum Limited is an unlisted public company incorporated on 20 March, 2009. It is classified as a public limited company and is located in Thane, Maharashtra. Its authorized share capital is INR 11.00 cr and the total paid-up capital is INR 8.00 cr.
Here are the financial highlights of Arabian Petroleum Limited for the financial year ending on 31 March, 2023:
- Revenue: INR 100 cr – 500 cr
- EBITDA: INR 18.47 cr (up 18.47% from the previous year)
- Net worth: INR 27.35 cr (up 27.35% from the previous year)
- Total assets: INR 35.12 cr (up 35.12% from the previous year)
- Liabilities: INR 31.15 cr (up 31.15% from the previous year)
Overall, Arabian Petroleum Limited is a growing company with strong financial performance. The company has a healthy EBITDA margin and a good track record of profitability.
Please note that these are just the highlights of the company’s financials. For more detailed information, please refer to the company’s annual report.
Pros & Cons of Arabian Petroleum IPO
|Strong financial performance||Small company|
|Growing business||Unlisted company|
|Experienced management team||Niche industry|
Additional things to consider:
- IPO is relatively small
- Unlisted, less liquidity in shares
- Niche industry, exposed to cyclical risks
- Faces competition from established players
- Mr. Hemant Dalsukhrai Mehta
- Mr. Manan Hemant Mehta
Arabian Petroleum IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Arabian Petroleum Limited
Plot 14-B, Morivali M.I.D.C.,
Opp. Positive Packaging, Ambernath (W),
Ambernath, Thane – 421505
Arabian Petroleum IPO FAQs
Arabian Petroleum Limited IPO Details: Arabian Petroleum is set to launch its initial public offering (IPO) on September 25, 2023. The IPO will close on September 27, 2023.
Arabian Petroleum IPO size is ₹20.24 crores.
Arabian Petroleum IPO Price Band is ₹70 per equity share.
The IPO bid is 2000 shares with ₹140,000 and maximum lost size is 4000 shares with Rs. 2,80,000.
Arabian Petroleum IPO allotment date is October 03, 2023.
Arabian Petroleum IPO listing date is October 06, 2023. The IPO to list on NSE SME.
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