Arabian Petroleum IPO Detail 2023
Introduction
The Arabian Petroleum IPO will open on September 25 and close on September 27, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 20.24 crore through this public offering, consisting of 28.92 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 70 per share.
Arabian Petroleum Limited (“the Company”)
Arabian Petroleum Limited was incorporated in 2021. The company is in the business of manufacturing a wide range of lubricants, including specialty oils, coolants, etc., used for applications in automobiles and industrial machines and appliances.
Its business is categorized into two distinctive product divisions:
- Automotive Lubricants: Arzol and
- Industrial Lubricants (SPL)
The company is dedicated to consistently providing products that deliver stellar quality and comply with statutory requirements in the automotive and industrial lubricants domain.
Its domestic and international customers are spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber, tire, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors, automobile industry, etc.
Apart from private players, they also derive their revenues from contracts with government sectors (both central and state) and associated entities. The company is honored to be one of the suppliers of lubricants to the Indian Armed Forces and has successfully delivered lubricant products to the Border Security Force (BSF), Indian Air Force (IAF), and Indian Navy across various parts of the country.
Objects of the Issue,
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Financial Highlights (Restated)
| Particulars | Period ended on 31st Dec. 2021 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Net Worth | 1,645.28 | 1,301.98 | 1,014.44 | 733.21 |
| Total Assets | 7,070.66 | 5,031.88 | 3,726.85 | 3,151.24 |
| Reserve & Surplus | 1,445.28 | 1,101.98 | 814.44 | 533.21 |
| Total Borrowings | 2,314.36 | 2,197.75 | 1,667.10 | 1,339.70 |
| Total Revenue | 14,050.51 | 11,024.54 | 8,414.01 | 7,795.36 |
| Profit After Tax | 343.30 | 287.54 | 281.23 | 128.37 |
IPO details
As per the DRHP filed with SEBI, 28.92 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.48 lakh shares of the offering. While Hem Securities Limited will be the lead manager for the IPO, Purva Sharegistry India Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 70 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 2,892,000 shares (aggregating up to ₹ 20.24 crores) |
| Fresh Issue | 2,892,000 shares (aggregating up to ₹ 20.24 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker portion | 148,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 8,000,000 |
| Shareholding post issue | 10,892,000 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Arabian Petroleum IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Arabian Petroleum IPO
The issue opens for subscription on September 25, 2023, and closes for subscription on September 27, 2023 (both days inclusive). The basis of allotment will be finalised on October 3, 2023, and the refunds will be initiated on October 4, 2023. In addition, the demat credits are expected to happen on October 5, 2023, and the stock will be listed on the NSE SME on October 6, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 25, 2023 |
| Closing Date | September 27, 2023 |
| Basis of Allotment | October 3, 2023 |
| Initiation of Refunds | October 4, 2023 |
| A credit of shares to Demat A/c | October 5, 2023 |
| Listing Date | October 6, 2023 |
Lot Size
The lot size of the Arabian Petroleum IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 140,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 140,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 140,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 280,000 |
Promoters Holdings
Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta are the promoter of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | 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 |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQs
The Arabian Petroleum IPO price is ₹ 70 per share.
The minimum investment size is one lot for retail investors. One lot of the Arabian Petroleum IPO contains 2,000 shares of ₹ 140,000.
The finalisation of the basis of allotment for the Arabian Petroleum IPO will be done on October 3, 2023, and the allotted shares will be credited to your demat account by October 5, 2023. Check the Arabian Petroleum IPO allotment status.
The Arabian Petroleum IPO shares listing date is October 6, 2023.
