Arabian Petroleum Limited IPO Date, Review, Price, Allotment Details

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹140,000
Retail Maximum12000₹140,000
S-HNI Minimum24000₹280,000

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

You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.

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 performanceSmall company
Growing businessUnlisted company
Experienced management teamNiche industry
Undervalued valuationCompetition

Additional things to consider:

  • IPO is relatively small
  • Unlisted, less liquidity in shares
  • Niche industry, exposed to cyclical risks
  • Faces competition from established players

Company Promoters

  • Mr. Hemant Dalsukhrai Mehta
  • Mr. Manan Hemant Mehta

Arabian Petroleum IPO Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Address

Arabian Petroleum Limited
Plot 14-B, Morivali M.I.D.C.,
Opp. Positive Packaging, Ambernath (W),
Ambernath, Thane – 421505
Phone: +0251-2395601

Arabian Petroleum IPO FAQs

What is Arabian Petroleum IPO?

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.

What is Arabian Petroleum IPO Size?

Arabian Petroleum IPO size is ₹20.24 crores.

What is Arabian Petroleum IPO Price Band?

Arabian Petroleum IPO Price Band is ₹70 per equity share.

What is Arabian Petroleum IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹140,000 and maximum lost size is 4000 shares with Rs. 2,80,000.

What is Arabian Petroleum IPO Allotment Date?

Arabian Petroleum IPO allotment date is October 03, 2023.

What is Arabian Petroleum IPO Listing Date?

Arabian Petroleum IPO listing date is October 06, 2023. The IPO to list on NSE SME.

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