The Arabian Petroleum IPO started on September 25, 2023, and ended on September 27, 2023. Shares were allocated on October 4, 2023, and refund processes began on October 5, 2023. On October 6, 2023, the shares were credited to investors demat accounts. Arabian Petroleum was officially listed on the stock exchange on October 9, 2023.
During the IPO, Arabian Petroleum offered shares at a price range of ₹70 per share, and the lot size was 2000 shares. The total issue size was ₹20.24 crores, with ₹20.24 crores from new shares. The IPO was listed on both the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Arabian Petroleum Limited IPO Subscription Update Video
Arabian Petroleum IPO Subscription Status
The Arabian Petroleum IPO on September 26, 2023 was subscribed 4.10 times, with the retail category being subscribed 4.56 times, the other category being subscribed 2.74 times.
| Category | Subscription |
| Other | 2.74x |
| Retail | 4.56x |
| Total | 4.10x |
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 |
About Arabian Petroleum Limited
Arabian Petroleum Limited was founded in 2006 and specializes in manufacturing a wide range of lubricants, such as specialty oils and coolants. These products are used in automobiles, industrial machines, and appliances.
The company operates under two main divisions:
- Automotive Lubricants – Arzol: This division offers various products, including 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 is designed to enhance productivity, reduce mechanical wear, prevent system failures, and lower energy costs. These lubricants improve the efficiency and performance of machinery.
Arabian Petroleum serves a diverse clientele from both domestic and international markets, spanning multiple industries such as pharmaceuticals, FMCG (Fast-Moving Consumer Goods), chemicals, steel, rubber and tires, power generation, civil engineering, electrical appliances, textiles, telecommunications, chemicals, cables and conductors, and the automobile industry, among others.
Arabian Petroleum IPO Should you subscribe?
Arabian Petroleum IPO More Details Click Here
Arabian Petroleum IPO FAQs
What is the start and end date of Arabian Petroleum IPO Subscription?
The Arabian Petroleum IPO started on September 25, 2023, and ended on September 27, 2023.
When does Arabian Petroleum IPO Subscription open?
The Arabian Petroleum IPO open on September 25, 2023.
When does Arabian Petroleum IPO Subscription close?
The Arabian Petroleum IPO Close on September 27, 2023.
What is the allotment date of Arabian Petroleum IPO?
The allotment date for Arabian Petroleum IPO is October 4, 2023.
When is the initial refund date of Arabian Petroleum IPO?
The initial Refund date for Arabian Petroleum IPO is October 5, 2023.
When were the shares credited to investors demat accounts for the Arabian Petroleum IPO?
The shares for the Arabian Petroleum IPO were credited to investors demat accounts on October 6, 2023.
When will Arabian Petroleum IPO be listed on the stock market?
Arabian Petroleum IPO stock market will be listed on October 9, 2023 at 10 am.
What was the price range of the Arabian Petroleum IPO shares?
The Arabian Petroleum IPO shares were offered at a price range of ₹70 per share.
What was the lot size for the Arabian Petroleum IPO shares?
The lot size for the Arabian Petroleum IPO shares was 2000 shares.
What was the total issue size of the Arabian Petroleum IPO?
The total issue size of the Arabian Petroleum IPO was ₹20.24 crores.
How were the shares allocated among different types of investors for the Arabian Petroleum IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Arabian Petroleum IPO listed?
The Arabian Petroleum IPO was listed on the NSE SME.
What is the Arabian Petroleum IPO Subscription Status?
Arabian Petroleum IPO is subscribed Times.
