The Arabian Petroleum IPO commenced on September 25, 2023, and concluded on September 27, 2023. The allotment of shares took place on October 4, 2023, and the initiation of refunds began on October 5, 2023. The shares were credited to the demat accounts of investors on October 6, 2023. Finally, the listing of Arabian Petroleum on the stock exchange occurred on October 9, 2023.
The Arabian Petroleum IPO was priced at ₹70 per share, with a lot size of 2000 shares. The total issue size was ₹20.24 crores, comprising a fresh issue of ₹20.24 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Arabian Petroleum IPO Basic Details
|Company Name||Arabian Petroleum Limited|
|Domain of Company||Manufactures a Wide Range of Lubricants|
|Arabian Petroleum IPO GMP Today||₹0.00|
|Arabian Petroleum IPO Listing Gain||0.00%|
|Arabian Petroleum IPO Open Date||September 25, 2023|
|Arabian Petroleum IPO Close Date||September 27, 2023|
|Arabian Petroleum IPO Allotment Date||October 4, 2023|
|Arabian Petroleum IPO Listing Date||October 9, 2023|
|Face Value||₹10 per share|
|Price||₹70 per share|
|Lot Size||2000 Shares|
|Issue Size||2,892,000 shares of ₹10|
(aggregating up to ₹20.24 Cr)
|Fresh Issue||2,892,000 shares of ₹10|
(aggregating up to ₹20.24 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||Mr. Hemant Dalsukhrai Mehta and|
Mr. Manan Hemant Mehta
Arabian Petroleum IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|23 September 2023||₹0||0.00%||–||–|
Arabian Petroleum Limited IPO Details:
Arabian Petroleum Limited, established in 2006, is a manufacturer of a wide range of lubricants, including specialty oils and coolants, used in automobiles and industrial machinery.
The company operates in two product divisions:
- Automotive Lubricants – Arzol: This division offers a variety of products, such as engine oils for two-wheelers and passenger cars, diesel engine oils, gear and transmission oils, universal tractor and transmission oils, pump set oils, and hydraulic oils.
- Industrial Lubricants – SPL: The SPL brand of industrial lubricants provides products that enhance productivity, reduce mechanical wear, prevent system failures, and lower energy costs by improving the efficiency and performance of machinery.
Arabian Petroleum serves a diverse clientele from both domestic and international markets, spanning various industries including pharmaceuticals, FMCG, chemicals, steel, rubber and tires, power generation, civil engineering, electrical appliances, textiles, telecommunications, chemicals, cables, conductors, and the automotive industry, among others.
Arabian Petroleum IPO More Details Click Here
Arabian Petroleum IPO FAQs
When is Arabian Petroleum IPO open?
Arabian Petroleum IPO will open on 25 September 2023.
When is Arabian Petroleum IPO Close?
Arabian Petroleum IPO will be closed on 27 September 2023.
What is Arabian Petroleum IPO GMP Today?
The Arabian Petroleum IPO GMP aka Grey Market Premium is ₹0.
What is Arabian Petroleum IPO Kostak Rates Today?
The Arabian Petroleum IPO Kostak Rate is ₹000.
What is Arabian Petroleum IPO Subject to Sauda Price Today?
The Arabian Petroleum IPO subject to sauda rates is ₹000.
Arabian Petroleum IPO Expected Returns?
The Arabian Petroleum expected return is 0.00%.
How much will be the listing gain in Arabian Petroleum IPO?
Arabian Petroleum IPO will get listing gain of 0.00%. (Approx.)