Arabian Petroleum Limited IPO Detail
Incorporated in 2006, Arabian Petroleum Limited manufactures a wide range of Lubricants including Specialty Oils, Coolants, etc. used for application in automobiles and industrial machines and appliances.
The company has two product divisions:
- Automotive Lubricants - Arzol: This includes Two Wheeler Four Stroke Engine Oils, Passenger Car Motor Oils, Diesel Engine Oils, Gear and transmission Oils, Universal Tractor and Transmission Oils, Pump Set Oils, and Hydraulic Oils.
- Industrial Lubricants - SPL: SPL brand of Industrial Lubricants provides products that improve productivity, reduce mechanical wear, prevent system failure, and reduce energy costs, by extending the efficiency and performance of machines.
Arabian Petroleum's clientele comes from domestic and international markets spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors, and automobile industry, etc.
Company Promoters
Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant MehtaIPO Details
| IPO Opening Date | Sep 25, 2023 |
| IPO Closing Date | Sep 27, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.24 Cr |
| Fresh Issue | ₹20.24 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.10x | 0.76x | 1.88x | |
| Day 2 | - | - | 2.74x | 4.56x | 4.10x | |
| Day 3 | - | - | 15.72x | 23.19x | 19.91x |
IPO Tentative Timetable
The Arabian Petroleum Limited IPO open date is Sep 25, 2023, and the close date is Sep 27, 2023. The issue may list on Oct 09, 2023.
| IPO Open Date | Sep 25, 2023 |
| IPO Close Date | Sep 27, 2023 |
| Basis of Allotment Date | Oct 04, 2023 |
| Initiation of Refunds | Oct 05, 2023 |
| Credit of Shares to Demat Account | Oct 06, 2023 |
| IPO Listing Date | Oct 09, 2023 |
IPO Lot Size
The Arabian Petroleum Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.45% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5031.88 | 11024.54 | 287.54 |
| 31-Mar-22 | 7134.94 | 19159.10 | 414.34 |
| 31-Mar-23 | 7650.88 | 24394.68 | 486.48 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Arabian Petroleum Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Arabian Petroleum Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Arabian Petroleum Limited
Plot 14-B, Morivali M.I.D.C.,
Plot 14-B, Morivali M.I.D.C.,
Ambernath, Thane - 421505
