Listing Details
- Listing Exchange NSE SME
- Listing Date 09-Oct-23
- IPO Price Range ₹ 70
- Listing Price ₹ 77.4
- Listing Change 10.6%
- Last Traded Price ₹ 90.2
- Current Change 28.9%
Arabian Petroleum IPO Details
- Open Date 25-Sep-23
- Close Date 27-Sep-23
- Lot Size 2000
- IPO Size ₹ 20.24 Cr
- IPO Price Range ₹ 70
- Min Investment ₹ 140000
- Listing Exchange NSE SME
- Basis of Allotment 04-Oct-23
- Refunds 05-Oct-23
- Credit to Demat Account 06-Oct-23
- Listing Date 09-Oct-23
Arabian Petroleum IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Sep-23 | - | 2.10 | 0.76 | 1.88 |
| 26-Sep-23 | - | 2.74 | 4.56 | 4.10 |
| 27-Sep-23 | - | 15.72 | 23.19 | 19.91 |
Arabian Petroleum IPO Synopsis
Arabian Petroleum Limited IPO is all set to open from 25th September to 27th September 2023. The company is engaged in the business of producing various Lubricants including Specialty Oils, Coolants, etc. The IPO includes a fresh issue of 2,892,000 shares worth ₹20.24 cr. The share allotment date is 4th October, and the IPO will be listed on 9th October, on the stock exchanges. The price band is ₹70 per share and the lot size is 2000 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Pvt Ltd is the registrar.
Objectives of Arabian Petroleum IPO:
Arabian Petroleum plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● To meet public issue expenses.
About Arabian Petroleum
Established in 2006, Arabian Petroleum is engaged in the business of producing various Lubricants including Specialty Oils, Coolants, etc. which are used in automobiles and industrial machines as well as appliances.
The company operates in two product divisions:
Automotive Lubricants (Arzol): This includes a wide range of products, such as Four-Stroke Engine Oils for Two-Wheelers, Motor Oils for Passenger Cars, Diesel Engine Oils, Gear and Transmission Oils, Universal Tractor and Transmission Oils, Pump Set Oils, and Hydraulic Oils.
Industrial Lubricants (SPL): Under the SPL brand, the company offers industrial lubricants that increase productivity, minimize mechanical wear, prevent system failures, and reduce energy consumption. These products boost the efficiency and performance of machines.
Arabian Petroleum has a diverse clientele from both domestic and international markets. The customers span multiple industries, such as pharmaceuticals, fast-moving consumer goods (FMCG), 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 has also received accreditation for its commitment to quality standards including ISO 9001:2015 for Quality Management System in the manufacturing and supply of Industrial and Automotive Lubricants, ISO 45001:2018 certification for Occupational Health and Safety Management System, and ISO 14001:2015 for Environmental Management System, both of applies to the company’s manufacturing and supply of Industrial and Automotive Lubricants.
Peer Comparison
● Tide Water Oil Co. (India) Limited
● GP Petroleums Limited
For More Information:
Webstory on Arabian Petroleum IPO
Arabian Petroleum Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | As on 31st Dec 2021 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 140.15 | 109.99 | 83.92 |
| EBITDA | 6.16 | 6.19 | 5.21 |
| PAT | 3.43 | 2.88 | 2.81 |
| Particulars (in Rs. Crores) | As on 31st Dec 2021 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 70.71 | 50.32 | 37.27 |
| Share Capital | 2.00 | 2.00 | 2.00 |
| Total Borrowings | 54.25 | 37.30 | 27.12 |
| Particulars (in Rs. Crores) | As on 31st Dec 2021 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.69 | -4.89 | 3.12 |
| Net cash from / (used in) investing activities | -1.22 | -1.22 | -4.96 |
| Net cash flow from / (used in) financing activities | 0.099 | 5.57 | 2.65 |
| Net increase (decrease) in cash and cash equivalents | 0.57 | -0.84 | 0.81 |
Arabian Petroleum IPO Key Points
-
Strengths
1. The company operates as a ‘One Stop Shop for All Lubricant’.
2. It has strong partnerships with customers.
3. The company is ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certified for quality assurance.
4. It has an experienced management team and employee base.
-
Risks
1. Availability of raw materials and fluctuation in the prices of raw materials like base oil and additives, may adversely affect the business.
2. Regulatory risks and forex risks due to presence in international markets.
3. Risks associated in relation to the agreement with Ukraine-based, XADO group.
4. Dependent on the growth prospects of the automobile industry and other industrial sectors.
5. Any change in benefits under certain export promotion schemes can impact the company.
6. Significant working capital requirements.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Arabian Petroleum IPO FAQs
What is the minimum lot size and investment required for the Arabian Petroleum IPO?
The minimum lot size of Arabian Petroleum IPO is 2000 shares and the investment required is ₹1,40,000.
What is the price band of Arabian Petroleum IPO?
The price for Arabian Petroleum IPO is ₹70 per share.
When does the Arabian Petroleum IPO opens and closes?
Arabian Petroleum IPO opens from 25th September to 27th September 2023.
What is the size of the Arabian Petroleum IPO?
The size of Arabian Petroleum IPO is ₹20.24 cr.
What is the allotment date of the Arabian Petroleum IPO?
The share allotment date of Arabian Petroleum IPO is 4th October 2023.
What is the Arabian Petroleum IPO listing date?
The Arabian Petroleum IPO will be listed on 9th October 2023.
Who are the book runners for the Arabian Petroleum IPO?
Hem Securities Limited is the book-running lead manager for Arabian Petroleum IPO.
What is the objective of the Arabian Petroleum IPO?
Arabian Petroleum plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. To meet public issue expenses.
How to apply for the Arabian Petroleum IPO?
To apply for Arabian Petroleum IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Arabian Petroleum IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Arabian Petroleum IPO
Contact Information
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 Register
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
Hem Securities Limited