Arabian Petroleum IPO Date, Price, Subscription, Allotment, Listing Details
Arabian Petroleum Limited, Incorporated in 2006, is a manufacturer of a diverse range of lubricants, including specialty oils and coolants. These products find applications in automobiles, industrial machinery, and various appliances.
The company operates through two distinct product divisions:
- Automotive Lubricants – Arzol: This division encompasses a wide array of lubricants, including Four-Stroke Engine Oils for Two-Wheelers, 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: Under the SPL brand, the company offers industrial lubricants designed to enhance productivity, reduce mechanical wear, prevent system failures, and lower energy costs. These lubricants contribute to extending the efficiency and performance of machinery.
Arabian Petroleum caters to a diverse clientele comprising both domestic and international markets. Its customers span various industries, including pharmaceuticals, FMCG, chemicals, steel, rubber and tire manufacturing, power generation, civil engineering, electrical appliances, textiles, telecommunications, chemicals, cables and conductors, and the automobile industry, among others.
Objects of the Issue (Arabian Petroleum IPO Objectives)
The company plans to utilize the net proceeds from the issue for the following purposes:
- To address working capital requirements.
- For general corporate purposes.
- To cover issue-related expenses.
Arabian Petroleum IPO Details
The Arabian Petroleum IPO is a fixed-price offering valued at Rs 20.24 crores. This IPO exclusively consists of 28.92 lakh newly issued shares.
IPO Date | September 25, 2023 to September 27, 2023 |
Listing Date | October 6, 2023 |
Face Value | ₹10 per share |
Price | ₹70 per share |
Lot Size | 2000 Shares |
Total Issue Size | 2,892,000 shares (aggregating up to ₹20.24 Cr) |
Fresh Issue | 2,892,000 shares (aggregating up to ₹20.24 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 8,000,000 |
Share holding post issue | 10,892,000 |
Market Maker portion | 148,000 shares |
DRHP Draft Prospectus: | Click Here |
Arabian Petroleum IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Arabian Petroleum IPO Lot Size
Investors have the option to bid for a minimum of 2000 shares and can increase their bid in multiples of 2000 shares. The following table outlines the minimum and maximum investment limits for both retail investors and high-net-worth individuals (HNI) in terms of shares and the corresponding amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹140,000 |
Retail (Max) | 1 | 2000 | ₹140,000 |
HNI (Min) | 2 | 4,000 | ₹280,000 |
Arabian Petroleum IPO Dates
Arabian Petroleum IPO opens on September 25, 2023, and closes on September 27, 2023.
IPO Open Date | Monday, September 25, 2023 |
IPO Close Date | Wednesday, September 27, 2023 |
Basis of Allotment | Tuesday, October 3, 2023 |
Initiation of Refunds | Wednesday, October 4, 2023 |
Credit of Shares to Demat | Thursday, October 5, 2023 |
Listing Date | Friday, October 6, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Arabian Petroleum Limited Financial Report
Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Dec 2021 |
---|---|---|---|---|
Assets | 3,151.24 | 3,726.85 | 5,031.88 | 7,070.66 |
Revenue | 7,795.36 | 8,414.01 | 11,024.54 | 14,050.51 |
Profit After Tax | 128.37 | 281.23 | 287.54 | 343.30 |
Net Worth | 733.21 | 1,014.44 | 1,301.98 | 1,645.28 |
Reserves and Surplus | 533.21 | 814.44 | 1,101.98 | 1,445.28 |
Total Borrowing | 1,339.70 | 1,667.10 | 2,197.75 | 2,314.36 |
Arabian Petroleum IPO Promoter Holding
Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta are the company’s promoters.
Share Holding Pre Issue | 100.00% |
Share Holding Post Issue | – |
Arabian Petroleum IPO Contact Details
Arabian Petroleum Limited
Plot 14-B, Morivali M.I.D.C.,
Opp. Positive Packaging, Ambernath (W),
Ambernath, Thane – 421505
Phone: +0251-2395601
Email: cs@arabianpetroleum.co.in
Website: https://www.arabianpetroleum.co.in/index.php
Arabian Petroleum IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Arabian Petroleum IPO FAQs
What is Arabian Petroleum IPO?
Arabian Petroleum IPO is a SME IPO consisting of 2,892,000 equity shares with a face value of ₹10 each, aggregating up to ₹20.24 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares. The IPO subscription window is from September 25, 2023, to September 27, 2023. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are intended to be listed on NSE SME.
How to apply for Arabian Petroleum IPO through Zerodha?
Zerodha customers can apply for Arabian Petroleum IPO online using UPI as the payment gateway. To apply through Zerodha, log in to Zerodha Console (back office) and complete the IPO application form.
Steps to apply for Arabian Petroleum IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Find the ‘Arabian Petroleum IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Arabian Petroleum IPO open?
The Arabian Petroleum IPO opens on September 25, 2023, and closes on September 27, 2023.
What is the lot size of Arabian Petroleum IPO?
The lot size for Arabian Petroleum IPO is 2000 Shares, with a minimum investment requirement of ₹140,000.
How can I apply for Arabian Petroleum IPO?
You can apply for Arabian Petroleum IPO online using UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account, while UPI IPO application is offered by brokers who don’t provide banking services. You can find more details about applying for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Arabian Petroleum IPO allotment be finalized?
The Basis of Allotment for Arabian Petroleum IPO will be finalized on Tuesday, October 3, 2023. The allotted shares will be credited to your demat account by Thursday, October 5, 2023. You can check the Arabian Petroleum IPO allotment status.
When is Arabian Petroleum IPO expected to be listed?
The listing date for Arabian Petroleum IPO is yet to be announced. The tentative listing date for Arabian Petroleum IPO is Friday, October 6, 2023.