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Arabian Petroleum Limited IPO

Arabian Petroleum Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 77.40 (+10.57%)

Arabian Petroleum Limited's has transitioned to a publicly listed entity following its IPO debut on 09-10-2023 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 25-09-2023 and 27-09-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 04-10-2023, 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.

Arabian Petroleum IPO Details
Lot(s) Distribution

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.

IPO Reservation
Arabian Petroleum IPO Key Performance Indicator
Company Financials ( In Lakhs )

Arabian Petroleum IPO About Company

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."


Arabian Petroleum IPO Strength Factors

NA


Arabian Petroleum IPO Risk Factors

NA


Arabian Petroleum IPO Lead Manager(s)

  • Hem Securities Limited

Arabian Petroleum IPO Promoter(s)

  1. Mr. Hemant Dalsukhrai Mehta
  2. Mr. Manan Hemant Mehta

Arabian Petroleum IPO Company Details

Arabian Petroleum Limited
Phone:
address:

Arabian Petroleum IPO Registrar

Purva Sharegistry India Private Limited
Name:
Phone:

Arabian Petroleum IPO FAQs