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SME IPO Status: Listed [25th Sep 2023 to 27th Sep 2023]
Arabian Petroleum Limited is launching its IPO at NSE Emerge platform. The total issue size of this IPO application is Rs 20.24 Cr that is 100% Fresh issue . One can apply in this IPO application from 25 Sept to 27 Sept 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one minimum lot of 2000 sheres at the issue price of Rs 70 per share.
Keep visiting this website to get updated information about IPO details of Arabian Petroleum Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 25th Sep 2023 |
| SME IPO Issue Closing Date: | 27th Sep 2023 |
| SME IPO Issue Price: | ₹70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹20.24 Cr |
| Fresh Issue: | ₹20.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.45% |
| Allotment Status: | Allotment Status |
| NSE Code: | ARABIAN |
Get important updates regarding Arabian Petroleum SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Oct 2023 |
| Refunds Initiation* | 5th Oct 2023 |
| Credit of Shares to Demat* | 6th Oct 2023 |
| SME IPO Listing Date* | 9th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 09-10-2023 | 70.00 | 9 | 13700 | ₹79 (12.86%) | 9-Oct-2023 10:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Arabian Petroleum Limited was established in 2009 and manufactures a wide range of lubricants, including speciality oils, coolants, etc. for use in motor vehicles and industrial machinery and equipment. The company is divided into two different product divisions: (i) Automotive Lubricants – Arzol and (ii) Industrial Lubricants – SPL. The company strives to provide products of excellent quality that meet the regulatory requirements in the field of automotive and industrial lubricants.
Domestic and international customers come from a wide range of industries, including pharmaceuticals, FMCG, chemicals, steel, rubber and cement, energy, construction, electrical appliances, textiles, telecommunications, chemicals, cables and wires, automotive, etc. In addition to private suppliers, the company also generates revenue from contracts with the government (both federal and state) and related entities. The company has the honor of being one of the lubricant suppliers to the Indian Armed Forces and has successfully supplied lubricant products to the Border Security Force (BSF), Indian Air Force (IAF) and Indian Navy in various parts of the country.
The company also manufactures and packages lubricants for B2B applications for some customers on a contract basis. The Company has diversified its product portfolio primarily due to its strong research and development (“R&D”), technology and laboratory capabilities. The R&D capabilities include product design, product development, product simulation, prototyping and testing. R&D activities are primarily conducted at the Ambernath manufacturing facilities. Research activities focus on developing new products and solutions tailored to customer expectations and end-user preferences, as well as improving production processes and enhancing the quality of existing products.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Lubrient Oil | ₹20.24 Cr | https://www.arabianpetroleum.co.in/index.php |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,372,000 (50%) | 1,372,000 (50%) | 2,744,000 | |
| 1 | 25th Sep 2023 19:32 | 2.10x | 0.76x | 1.88x |
| 2 | 26th Sep 2023 19:31 | 2.74x | 4.56x | 4.10x |
| 3 | 27th Sep 2023 19:31 | 15.72x | 23.19x | 19.91x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,031.88 | 7,134.94 | 7,650.88 |
| Revenue | 11,024.54 | 19,159.10 | 24,394.68 |
| Profit After Tax | 287.54 | 414.34 | 486.48 |
| Net Worth | 1,301.98 | 1,716.32 | 2,202.80 |
| Reserves and Surplus | 1,101.98 | 1,516.32 | 1,402.80 |
| Total Borrowing | 2,197.75 | 2,948.97 | 3,830.66 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Arabian Petroleum Limited | 6.08 | 6.08 | 27.54 | 11.51 | 22.08 | |
| Tide Water Oil Co. (India) Limited | 67.37 | 67.37 | 18.42 | 17.08 | ||
| GP Petroleums Limited | 4.94 | 4.94 | 9.18 | 78.52 |
Last Updated on 13-Oct-2023 06:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Arabian Petroleum SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Arabian Petroleum SME IPO with Zerodha.
Alternate approch to apply in Arabian Petroleum SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Arabian Petroleum SME IPO Review and Important Updates
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To subscribe or apply in Arabian Petroleum SME IPO, you can use the following methods:
| Arabian Petroleum SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Arabian Petroleum SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Arabian Petroleum SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Arabian Petroleum SME IPO. Most of the Syndicate Banks provide access to apply in Arabian Petroleum IPO via ASBA process. You must have your net banking access, DP ID information to apply in Arabian Petroleum SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Arabian Petroleum SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Arabian Petroleum SME IPO Review and Important Updates
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Arabian Petroleum SME IPO is going to be list on 09-10-2023. NSE Code for Arabian Petroleum is ARABIAN.
Other relevant questions:
When Arabian Petroleum SME IPO will be listing? Arabian Petroleum SME IPO NSE listing date?Arabian Petroleum SME IPO date of listing
Arabian Petroleum SME IPO Allotment Date is 04-10-2023.
Other relevant questions:
Arabian Petroleum SME IPO share allotment date?Arabian Petroleum SME IPO allotment date?
