25 Sep 2023
27 Sep 2023
₹70 per share
04 Oct 2023
09 Oct 2023
Since its incorporation in 2006, Arabian Petroleum Limited has produced a variety of lubricants, including specialty oils, coolants, and other lubricants used in vehicles as well as in industrial equipment and appliances. There are two product divisions at the company: Arzol's automotive lubricants line up with 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. SPL brand of industrial lubricants offers products that increase productivity, lower mechanical wear, avoid system failure, and save energy costs by enhancing machine performance and efficiency.
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.
The book-running lead managers to the offer are: Hem Securities Limited
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