Arabian Petroleum Limited
IPO Details
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Arabian Petroleum Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 09, 2023 at the NSE exchange. The public offering successfully raised 28,92,000 Shares, consisting of 28,92,000 Sharesin new capital.
The IPO featured a competitive price range of ₹70 to ₹70 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between Sep 25, 2023 and Sep 27, 2023, reflecting investor appetite for the offering.
Allotment of shares was completed on Oct 04, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2006, Arabian Petroleum Limited is engaged in manufacturing a wide range of lubricants and specialty oils used in automobiles, industrial machines, and various appliances. The company operates under two main product divisions: Arzol (Automotive Lubricants) offering engine oils, gear oils, tractor oils, and hydraulic oils for vehicles, and SPL (Industrial Lubricants) which provides solutions to improve machine performance, reduce wear, and cut energy costs. Arabian Petroleum caters to domestic as well as international customers across multiple industries such as pharmaceuticals, FMCG, chemicals, steel, rubber, power, and automobiles.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Hemant Dalsukhrai Mehta
- Mr. Manan Hemant Mehta
Arabian Petroleum Limited
Purva Sharegistry India Private Limited