Arabian Petroleum IPO GMP, Review, Price, Allotment

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Last updated on October 9, 2023

Arabian Petroleum IPO GMP

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.
Arabian Petroleum

Promoters of Arabian PetroleumMr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta


Arabian Petroleum IPO Details

Arabian Petroleum IPO Dates25 – 27 September 2023
Arabian Petroleum Issue PriceINR 70 per share
Fresh issue28,92,000 shares (INR 20.24 crore)
Offer For SaleNIL
Total IPO size28,92,000 shares (INR 20.24 crore)
Minimum bid (lot size)2,000 shares (INR 140,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Arabian Petroleum Financial Performance

 FY 2021FY 2022FY 2023
Revenue109.99191.01242.84
Expenses106.35185.77237.41
Net income2.884.144.87
Figures in INR crores unless specified otherwise

Arabian Petroleum Offer News


Arabian Petroleum Valuations & Margins

FY 2021FY 2022FY 2023
EPS3.595.186.08
PE ratio11.51
RONW (%)22.0924.1422.08
NAV16.2721.4527.54
ROCE (%)28.6036.3832.47
EBITDA (%)5.624.293.82
Debt/Equity 1.691.721.75
*Compiled by IPO Central from Prospectus

Arabian Petroleum IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
7 October 202389,000
6 October 202389,000
5 October 202389,000

Arabian Petroleum IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered1,372,0001,372,0002,744,000
27 Sep 202315.8323.1919.51
26 Sep 20232.854.483.67
25 Sep 20231.560.721.14

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 Date25 September 2023
IPO Closing Date27 September 2023
Finalization of Basis of Allotment4 October 2023
Initiation of refunds5 October 2023
Transfer of shares to demat accounts6 October 2023
IPO Listing Date9 October 2023
Opening Price on NSE SMEINR 77.4 per share (up 10.57%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91-022-4961-4132, 022-3199-8810
Email: [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.

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