The Arabian Petroleum Limited IPO is a fixed-price offering with a total issue size of Rs 20.24 crores. This IPO comprises entirely of a fresh issue of 28.92 lakh shares.
Here are the key details and dates:
- Subscription Period: The Arabian Petroleum IPO opens for subscription on September 25, 2023, and closes on September 27, 2023.
- Allotment Date: The final allotment for the Arabian Petroleum IPO is expected to be completed on Tuesday, October 3, 2023.
- Listing Date: The shares from the Arabian Petroleum IPO are scheduled to list on NSE SME, with a tentative listing date set for Friday, October 6, 2023.
- Price per Share: The IPO price for Arabian Petroleum is set at ₹70 per share.
- Lot Size: The minimum lot size for an application is 2,000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹140,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 4,000 shares, amounting to ₹280,000.
- Key Players: Hem Securities Limited is the book running lead manager for the Arabian Petroleum IPO, while Purva Sharegistry India Pvt Ltd serves as the registrar for the issue.
For more detailed information and insights, potential investors are encouraged to refer to the Arabian Petroleum IPO Draft Red Herring Prospectus (DRHP). These details are essential for investors considering participation in the Arabian Petroleum IPO.
Arabian Petroleum IPO Details #
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,892,000 shares (aggregating up to ₹20.24 Cr) |
| Fresh Issue | 2,892,000 shares (aggregating up to ₹20.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 10,892,000 |
| Market Maker portion | 148,000 shares |
Arabian Petroleum IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Arabian Petroleum IPO Timeline (Tentative Schedule) #
Arabian Petroleum IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Arabian Petroleum IPO Lot Size #
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Arabian Petroleum IPO Promoter Holding #
Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Arabian Petroleum Limited #
Incorporated in 2006, Arabian Petroleum Limited manufactures a wide range of Lubricants including Specialty Oils, Coolants, etc. used for application in automobiles and industrial machines and appliances.
The company has two product divisions:
- Automotive Lubricants – Arzol: This includes Two Wheeler Four Stroke Engine Oils, Passenger Car Motor Oils, Diesel Engine Oils, Gear and transmission Oils, Universal Tractor and Transmission Oils, Pump Set Oils, and Hydraulic Oils.
- Industrial Lubricants – SPL: SPL brand of Industrial Lubricants provides products that improve productivity, reduce mechanical wear, prevent system failure, and reduce energy costs, by extending the efficiency and performance of machines.
Arabian Petroleum’s clientele comes from domestic and international markets spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors, and automobile industry, etc.
Company Financials #
| Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Dec 2021 |
| Assets | 3,151.24 | 3,726.85 | 5,031.88 | 7,070.66 |
| Revenue | 7,795.36 | 8,414.01 | 11,024.54 | 14,050.51 |
| Profit After Tax | 128.37 | 281.23 | 287.54 | 343.30 |
| Net Worth | 733.21 | 1,014.44 | 1,301.98 | 1,645.28 |
| Reserves and Surplus | 533.21 | 814.44 | 1,101.98 | 1,445.28 |
| Total Borrowing | 1,339.70 | 1,667.10 | 2,197.75 | 2,314.36 |
Objects of the Issue (Arabian Petroleum IPO Objectives) #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Arabian Petroleum IPO Prospectus #
Arabian Petroleum IPO Contact Details #
Plot 14-B, Morivali M.I.D.C.,
Opp. Positive Packaging, Ambernath (W),
Ambernath, Thane – 421505
Phone: +0251-2395601
Email: cs@arabianpetroleum.co.in
Website: https://www.arabianpetroleum.co.in/index.php
Arabian Petroleum IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Arabian Petroleum IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Arabian Petroleum IPO? #
The Arabian Petroleum IPO has a total issue size of ₹20.24 crores, consisting entirely of a fresh issue of 28.92 lakh shares.
When is the subscription period for the Arabian Petroleum IPO? #
The subscription period for the Arabian Petroleum IPO is from September 25, 2023, to September 27, 2023.
When will the allotment for the Arabian Petroleum IPO be finalized? #
The final allotment for the Arabian Petroleum IPO is expected to be completed on Tuesday, October 3, 2023.
When is the listing date for shares from the Arabian Petroleum IPO? #
The shares from the Arabian Petroleum IPO are tentatively scheduled to list on NSE SME on Friday, October 6, 2023.
What is the price per share for the Arabian Petroleum IPO? #
The IPO price for Arabian Petroleum is set at ₹70 per share.
What is the minimum lot size for an application in the Arabian Petroleum IPO? #
The minimum lot size for an application in the Arabian Petroleum IPO is 2,000 shares.
What is the minimum investment required for retail investors and HNIs to participate in the Arabian Petroleum IPO? #
Retail investors need a minimum investment of ₹140,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 4,000 shares, amounting to ₹280,000.
Who are the key players involved in the Arabian Petroleum IPO? #
Hem Securities Limited is the book running lead manager for the Arabian Petroleum IPO, while Purva Sharegistry India Pvt Ltd serves as the registrar for the issue.
Who are the promoters of Arabian Petroleum Limited? #
Mr. Hemant Dalsukhrai Mehta and Mr. Manan Hemant Mehta are the promoters of the company.
What are the business divisions of Arabian Petroleum Limited? #
Arabian Petroleum Limited has two product divisions:
Automotive Lubricants (Arzol): This includes a range of lubricants for two-wheelers, passenger cars, diesel engines, gears, tractors, pumps, and hydraulics.
Industrial Lubricants (SPL): SPL brand offers industrial lubricants that enhance machine performance, reduce wear, and prevent system failure.
What are the key financial indicators of Arabian Petroleum Limited as of December 31, 2021? #
Total Assets: ₹7,070.66 lakhs
Total Revenue: ₹14,050.51 lakhs
Profit After Tax: ₹343.30 lakhs
Net Worth: ₹1,645.28 lakhs
Total Borrowings: ₹2,314.36 lakhs
What are the objectives of the Arabian Petroleum IPO? #
The company intends to use the net proceeds from the issue for the following purposes:
Meeting working capital requirements.
General corporate purposes.
Covering issue expenses.
