The Arabian Petroleum IPO date has been set. The IPO will begin on September 25 and end on September 27. Arabian Petroleum is an NSE SME IPO that will raise Rs 20.24 crore through the IPO. The price band for the Arabian Petroleum IPO is set at 70, with a market lot of 2,000 shares.
Arabian Petroleum manufactures a comprehensive range of lubricants, such as specialty oils and coolants, for use in automobiles, industrial machines and appliances. Their business is divided into two unique product divisions: (i) Arzol Automotive Lubricants and (ii) SPL Industrial Lubricants. They are committed to constantly delivering goods of exceptional quality that meet legislative criteria in the Automotive and Industrial lubricant domains. The American Petroleum Institute (API) granted the firm
permission to use API marks on some of its products, including Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros, in 2021. Pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power; civil engineering; electrical appliances; textiles; telecommunication; chemicals; cables and conductors; automobile industry; and other industries are among their local and international customers.
Apart from commercial players, they also receive revenue from the government sectors (both central and state) and connected entities through contracts. They are proud to be one of the Indian Armed Forces lubricant suppliers, having successfully provided lubricant products to the Border Security Force (BSF), Indian Air Force (IAF), and Indian Navy around the country.
Arabian Petroleum IPO Date and 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 |
Objects of the Issue:
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet the issue’s expenses.
Arabian Petroleum IPO Review
- To be updated soon
Arabian Petroleum IPO Market Lot
The Arabian Petroleum IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹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 |
Arabian Petroleum IPO Form
How do I use the Arabian Petroleum IPO? –> Arabian Petroleum IPO can be applied for using the ASBA accessible in your bank account. Simply connect to your online bank account and apply through your bank account by selecting the Arabian Petroleum IPO in the Invest section. The other option is to apply for the Arabian Petroleum IPO using the IPO forms available on the NSE website.
Arabian Petroleum Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2020 | ₹84.14 | ₹80.38 | ₹2.81 |
| 2021 | ₹110.25 | ₹106.35 | ₹2.88 |
| 2022 9M | ₹140.51 | ₹135.90 | ₹3.43 |
Arabian Petroleum IPO Valuation – FY2022
Check Arabian Petroleum IPO valuation details like Earning Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹- per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | -% |
| Net Asset Value (NAV): | ₹- per Equity Share |
Peer Group
- Tide Water Oil Co. (India) Limited
- GP Petroleum Limited
Arabian Petroleum IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Arabian Petroleum IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com
Company Address
Arabian Petroleum Limited
Plot 14-B, Morivali M.I.D.C.,
Opp. Positive Packaging, Ambernath (W),
Ambernath, Thane – 421505
Phone: +0251-2395601
Email: [email protected]
Website: https://www.arabianpetroleum.co.in
Company Promoters
- Mr. Hemant Dalsukhrai Mehta
- Mr. Manan Hemant Mehta
Arabian Petroleum IPO FAQs:
Q1. What is Arabian Petroleum IPO?
Ans. Arabian Petroleum IPO is an NSE SME IPO. They are going to raise ₹20.24 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on NSE.
Q2. When Arabian Petroleum IPO will open?
Ans. The IPO is to open on September 25, 2023 for QIB, NII, and Retail Investors.
Q3. What is Arabian Petroleum IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Arabian Petroleum IPO?
Ans. You can apply Arabian Petroleum IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Arabian Petroleum IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Arabian Petroleum”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Arabian Petroleum IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Arabian Petroleum”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Arabian Petroleum IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Arabian Petroleum”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Arabian Petroleum IPO Size?
Ans. Arabian Petroleum IPO size is ₹20.24 crores.
Q9. What is Arabian Petroleum IPO Price Band?
Ans. Arabian Petroleum IPO Price Band is ₹70 per equity share.
Q10. What is Arabian Petroleum IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 2000 shares with ₹140,000.
Q11. What is Arabian Petroleum IPO Allotment Date?
Ans. Arabian Petroleum IPO allotment date is October 3, 2023.
Q12. What is Arabian Petroleum IPO Listing Date?
Ans. Arabian Petroleum IPO listing date is October 6, 2023. The IPO to list on NSE SME.
