Arabian Petroleum IPO is a fixed price issue of Rs 20.24 crores. The issue is entirely a fresh issue of 28.92 lakh shares.
Arabian Petroleum IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for Arabian Petroleum IPO was finalized on Wednesday, October 4, 2023. The shares got listed on NSE SME on October 9, 2023.
Arabian Petroleum IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Hem Securities Limited is the book running lead manager of the Arabian Petroleum IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Arabian Petroleum IPO is Hem Finlease.
Refer to Arabian Petroleum IPO RHP for detailed information.
Arabian Petroleum IPO Details
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 9, 2023 |
| 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 Hem Finlease |
Arabian Petroleum IPO Reservation
Arabian Petroleum IPO a total of 2,892,000 shares are offered. NII: 1,372,000 (47.44%), RII: 1,372,000 (47.44%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 148,000 (5.12%) |
| Other Shares Offered | 1,372,000 (47.44%) |
| Retail Shares Offered | 1,372,000 (47.44%) |
| Total Shares Offered | 2,892,000 (100%) |
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 | Wednesday, October 4, 2023 |
| Initiation of Refunds | Thursday, October 5, 2023 |
| Credit of Shares to Demat | Friday, October 6, 2023 |
| Listing Date | Monday, October 9, 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 | 73.45% |
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,031.88 | 7,134.94 | 7,650.88 |
| Revenue | 11,024.54 | 19,159.10 | 24,394.68 |
| Profit After Tax | 287.54 | 414.34 | 486.48 |
| Net Worth | 1,301.98 | 1,716.32 | 2,202.80 |
| Reserves and Surplus | 1,101.98 | 1,516.32 | 1,402.80 |
| Total Borrowing | 2,197.75 | 2,948.97 | 3,830.66 |
Amount in ₹ Lakhs
Key Performance Indicator
Arabian Petroleum IPO Market Cap is Rs 76.24 Cr and P/E (x) is 11.51.
| KPI | Values |
|---|---|
| P/E (x) | 11.51 |
| Post P/E (x) | 15.66 |
| Market Cap (₹ Cr.) | 76.24 |
| ROE | 22.08% |
| ROCE | 32.47% |
| Debt/Equity | 1.75 |
| EPS (Rs) | 6.08 |
| RoNW | 22.08% |
Check Arabian Petroleum IPO Peer Comparison here.
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 Review (May apply)
[Dilip Davda] The company is operating in a highly competitive and fragmented market. It has posted steady growth in its top lines for the reported periods and over 10% PAT margins for the last two fiscals. Based on FY23 earnings, the issue appears fully priced. The company could have opted for a market lot of 1600 shares which could have helped them in a somewhat higher number of shareholders post IPO. A lot of 1600 could have been an investor-friendly gesture. Well-informed investors may park moderate funds for the medium to long term. Read detail review…
Arabian Petroleum IPO Subscription Status (Bidding Detail)
The Arabian Petroleum IPO is subscribed 19.91 times on Sep 27, 2023 7:29:00 PM. The public issue subscribed 23.19 times in the retail category, times in the QIB category, and 15.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 15.72 |
| Retail | 23.19 |
| Total | 19.91 |
Total Application : 15,909 (23.19 times)
Arabian Petroleum IPO Listing Details
| Listing Date | October 9, 2023 |
| BSE Script Code | |
| NSE Symbol | ARABIAN |
| ISIN | INE08NJ01024 |
| Final Issue Price | ₹70 per share |
Arabian Petroleum IPO Contact Details
Arabian Petroleum Limited
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/