Arabian Petroleum IPO description – Incorporated in 2009, Arabian Petroleum is in the business of manufacturing a wide range of lubricants including Specialty Oils, Coolants, etc. which are used in automobiles, industrial machines and appliances. The business is categorized into two distinctive product divisions: (i) Automotive Lubricants – Arzol and (ii) Industrial Lubricants – SPL.
In the year 2021, the company was licensed by the American Petroleum Institute (API) to use API marks on some of its products like Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros. The company is exporting the products to countries like: Guyana, Oman, Qatar, Vietnam, Sri Lanka, Sierra Leone, Zambia, Bangladesh, Chile, etc.
Arabian Petroleum sells automotive lubricants under the brand name of Arzol and Industrial Lubricant under the brand name of SPL Lubricants through:
- Retail packs: Ranging from 175ML to 20L packs that are sold in plastic packets, HDPE containers, and pails for retail customers
- Wholesale packs: Ranging from 26L to 210L that are sold in HDPE containers and tin containers for wholesalers and institutional customers
- Institutional sales: For bulk supply of products in the tankers to institutional customers, subject to their requirements.
Promoters of Arabian Petroleum – Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta
Table of Contents
Arabian Petroleum IPO Details
| Arabian Petroleum IPO Dates | 25 – 27 September 2023 |
| Arabian Petroleum Issue Price | INR 70 per share |
| Fresh issue | 28,92,000 shares (INR 20.24 crore) |
| Offer For Sale | NIL |
| Total IPO size | 28,92,000 shares (INR 20.24 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 140,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Arabian Petroleum Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 109.99 | 191.01 | 242.84 |
| Expenses | 106.35 | 185.77 | 237.41 |
| Net income | 2.88 | 4.14 | 4.87 |
Arabian Petroleum Offer News
- Arabian Petroleum RHP
- Arabian Petroleum Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Arabian Petroleum Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.59 | 5.18 | 6.08 |
| PE ratio | – | – | 11.51 |
| RONW (%) | 22.09 | 24.14 | 22.08 |
| NAV | 16.27 | 21.45 | 27.54 |
| ROCE (%) | 28.60 | 36.38 | 32.47 |
| EBITDA (%) | 5.62 | 4.29 | 3.82 |
| Debt/Equity | 1.69 | 1.72 | 1.75 |
Arabian Petroleum IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 October 2023 | 8 | – | 9,000 |
| 6 October 2023 | 8 | – | 9,000 |
| 5 October 2023 | 8 | – | 9,000 |
Arabian Petroleum IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,372,000 | 1,372,000 | 2,744,000 |
| 27 Sep 2023 | 15.83 | 23.19 | 19.51 |
| 26 Sep 2023 | 2.85 | 4.48 | 3.67 |
| 25 Sep 2023 | 1.56 | 0.72 | 1.14 |
Arabian Petroleum IPO Allotment Status
Arabian Petroleum IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Arabian Petroleum IPO Dates & Listing Performance
| IPO Opening Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Finalization of Basis of Allotment | 4 October 2023 |
| Initiation of refunds | 5 October 2023 |
| Transfer of shares to demat accounts | 6 October 2023 |
| IPO Listing Date | 9 October 2023 |
| Opening Price on NSE SME | INR 77.4 per share (up 10.57%) |
| Closing Price on NSE SME | INR 76.25 per share (up 8.93%) |
Arabian Petroleum Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Arabian Petroleum Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â +91-022-4961-4132, 022-3199-8810
Email:Â [email protected]
Website: www.purvashare.com
Arabian Petroleum Contact Details
ARABIAN PETROLEUM LIMITED
Plot 14-B, Morivali M.I.D.C., Opp. Positive Packaging,
Ambernath (W), Ambernath Thane – 421505, Maharashtra
Phone: +0251-2395601
E-mail: [email protected]
Website: www.arabianpetroleum.co.in
IPO FAQs
What is Arabian Petroleum Issue offer size?
Arabian Petroleum offer size is INR 20.24 crores.
What is the Arabian Petroleum offer price band?
Arabian Petroleum public offer price is INR 70 per share.
What is the lot size of Arabian Petroleum public offer?
Arabian Petroleum offer lot size is 2,000 shares.
What is Arabian Petroleum IPO GMP today?
Arabian Petroleum IPO GMP today is INR 8 per share.
What is Arabian Petroleum kostak rate today?
The Arabian Petroleum kostak rate today is INR NA per application.
What is Arabian Petroleum Subject to Sauda rate today?
Arabian Petroleum Subject to Sauda rate today is INR 9,000 per application.
Reduce lot to 1000 shares so that small retailers can take part in bids.