Arabian Petroleum IPO Review

 
Arabian Petroleum IPO Review

IPO Open Date: September 25, 2023

IPO Close Date: September 27, 2023

IPO Price: ₹70 per share

Lot Size: 2000 Shares

Listing: October 9, 2023

Arabian Petroleum is scheduled to hit the market on September 25, 2023 and close on September 27, 2023. Arabian Petroleum plans to raise around ₹20.24 Cr through an IPO with a sale of up to 2,892,000 equity shares of ₹10 each. The retail quota is 50%, Other Shares is 50%.

Established in 2006, Arabian Petroleum Limited is a prominent manufacturer specializing in a diverse range of lubricants, including Specialty Oils and Coolants, tailored for various applications in both automotive and industrial sectors. The company operates through two distinct product divisions:

Under the Automotive Lubricants division, known as Arzol, Arabian Petroleum offers a comprehensive lineup that encompasses Four Stroke Engine Oils for Two Wheelers, Passenger Car Motor Oils, Diesel Engine Oils, Gear and Transmission Oils, Universal Tractor and Transmission Oils, Pump Set Oils, and Hydraulic Oils, catering to the lubrication needs of a wide spectrum of vehicles.

Arabian Petroleum

Arabian Petroleum IPO Details

Arabian Petroleum IPO opens on Sept 25, 2023, and closes on Sept 27, 2023. The Listing date for Digikore Studios IPO is on Oct 09, 2023. The price band for IPO is ₹70 per share and lot size of 2000 Shares.

IPO DateSept 25, 2023 to Sept 27, 2023
Listing DateOct 09, 2023
Price₹70 per share
Lot Size2000 Shares
Issue Size₹20.24 Cr
Face Value₹10 per share

Arabian Petroleum IPO Tentative Timetable

Arabian Petroleum opening date is September 25, 2023 and close date is September 27, 2023. The IPO allotment date is October 4, 2023. The refund initiation of IPO is on October 5, 2023. The credit of shares in demat account is on October 6, 2023. The listing date is on October 09, 2023.

EventDate
IPO OpeningSept 25, 2023
IPO ClosingSept 27, 2023
IPO Allotment DateOct 04, 2023
Refund InitiationOct 05, 2023
Shares Credit to DematOct 06, 2023
Lisiting DateOct 09, 2023

Arabian Petroleum IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹280,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹140,000
Retail(Maximum)12000₹140,000
HNI (Minimum)24,000₹280,000

Arabian Petroleum IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.45%

Arabian Petroleum IPO Review

Arabian Petroleum Ltd. (APL) is entering the market with an IPO in the lubricants manufacturing sector. As a manufacturer of a range of lubricants for both automotive and industrial applications, APL serves a diverse clientele, including B2B and government customers.

While the company has exhibited consistent revenue growth over the past few years, there are a few aspects to consider: has shown steady growth in its top-line revenue, which is a positive sign. It also enjoys business from government clients, which can provide a level of stability to its revenue streams.

The IPO is priced reasonably based on its current earnings, with a P/E of 15.66. However, it's essential to note that there was a margin pressure in FY23. Investors should assess the company's ability to maintain or improve its margins, especially in a competitive market. The lubricants industry is highly competitive, and APL operates in a fragmented market. It faces competition from both domestic and international players. Investors should consider the company's strategies for maintaining or increasing its market share.

Arabian Petroleum IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Arabian Petroleum IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Arabian Petroleum IPO FAQs

What is Arabian Petroleum IPO?

Arabian Petroleum is issuing 2,892,000 equity shares with a face value of ₹10 each, totaling up to ₹20.24 Cr. The shares are being offered at a price of ₹70 each, with a minimum order quantity of 2000 Shares.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Arabian Petroleum IPO will open?

Arabian Petroleum will open on September 25, 2023 for QIB, NII, and Retail Investors.

When Arabian Petroleum IPO will end?

Arabian Petroleum will end on September 27, 2023.

What is Arabian Petroleum IPO Size?

Arabian Petroleum IPO size is ₹20.24 Cr.

What is Arabian Petroleum IPO Price Band?

Arabian Petroleum price band is ₹70.

What is the Arabian Petroleum IPO Allotment Date?

Arabian Petroleum allotment date is October 4, 2023.

What is the Arabian Petroleum IPO Listing Date?

Arabian Petroleum listing date is October 9, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Arabian Petroleum IPO through Zerodha?

To apply for the IPO “Arabian Petroleum” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Arabian Petroleum IPO through Upstox?

To apply for the IPO “Arabian Petroleum” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Arabian Petroleum IPO Allotment Status?

For Arabian Petroleum IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Arabian Petroleum IPO GMP?

You can check out here: Arabian Petroleum IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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