Arabian Petroleum Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Sep 2023

Close Date

27 Sep 2023

Allotment

04 Oct 2023

Listing Date

09 Oct 2023

Exchange

NSE SME

Price Band

₹70

Listing Price

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Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

28,92,000 shares (aggregating up to ₹20.24 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

80,00,000 shares

Promoters

Post-IPO Holding

1,08,92,000 shares

Promoters

P/E (Pre)

11.51x

P/E (Post)

15.66x

EPS (Pre)

₹6.08

UPI Deadline

2023-09-27

Mandate

Anchor AllotmentSun, 24 Sep 2023

Basis of AllotmentWed, 04 Oct 2023

Refund InitiationThu, 05 Oct 2023

Demat CreditFri, 06 Oct 2023

Listing DayMon, 09 Oct 2023

UPI Mandate Deadline2023-09-27

Sale TypeFresh Capital

Net Offer to Public27,44,000 shares (aggregating up to ₹19.21 Cr)

Market Maker Quota1,48,000 shares (aggregating up to ₹1.04 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Arabian Petroleum Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	148,000	—	₹1.04
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,892,000	100%	₹20.24

IPO Shares Offered

Arabian Petroleum Ltd IPO total issue size: ₹20.24 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	148,000	₹1.04	5.12%
Total	2,892,000	₹20.24	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

24 Sep 2023

✓ Done

IPO Open

25 Sep 2023

✓ Done

IPO Close

27 Sep 2023

✓ Done

Allotment

04 Oct 2023

✓ Done

Refunds

05 Oct 2023

✓ Done

Demat Credit

06 Oct 2023

✓ Done

Listing Day

09 Oct 2023

✓ Done

₹70.00

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Issue ₹70.00 Live Price

About Arabian Petroleum Ltd

Incorporated in 2006, Arabian Petroleum Limited manufactures a wide range of Lubricants including Specialty Oils, Coolants, etc. used for application in automobiles and industrial machines and appliances.The company has two product divisions:Automotive Lubricants - Arzol: This includes 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.Industrial Lubricants - SPL: SPL brand of Industrial Lubricants provides products that improve productivity, reduce mechanical wear, prevent system failure, and reduce energy costs, by extending the efficiency and performance of machines.Arabian Petroleum's clientele comes from domestic and international markets spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors, and automobile industry, etc.

Objects of the Issue

To meet Working Capital requirements

General Corporate Purpose

Arabian Petroleum Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹11,024.5

31 Mar 2021

₹19,159.1

31 Mar 2022

₹24,394.7

31 Mar 2023

Profit After Tax (PAT)

₹287.5

31 Mar 2021

₹414.3

31 Mar 2022

₹486.5

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	24394.68	19159.10	11024.54
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	486.48	414.34	287.54
Net Worth	2202.80	1716.32	1301.98
Total Assets	7650.88	7134.94	5031.88
Reserves & Surplus	1402.80	1516.32	1101.98
Borrowings	3830.66	2948.97	2197.75
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

22.08%

RoCE

32.47%

RoNW

22.08%

Debt/Equity

1.75

Issue Structure & Shareholding

Total Shares Offered28,92,000 (100.00%)

Net Offer to Public27,44,000 shares (aggregating up to ₹19.21 Cr)

Reserved for Market Maker1,48,000 shares (aggregating up to ₹1.04 Cr)

Pre-Issue Promoter Holding80,00,000 shares

Post-Issue Promoter Holding1,08,92,000 shares

P/BV RatioN/A

RoE22.08%

RoCE32.47%

Debt / Equity1.75

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Arabian Petroleum Ltd IPO subscribed? ▲

Arabian Petroleum Ltd IPO is subscribed 1.00 times by Sep 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Arabian Petroleum Ltd IPO retail subscription status? ▼

The Arabian Petroleum Ltd IPO retail category is subscribed 1.00 times as of 27 Sep 2023. The retail portion is oversubscribed.

How to subscribe Arabian Petroleum Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2023 and closes 27 Sep 2023. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2023-09-27.

How many times Arabian Petroleum Ltd IPO subscribed? ▼

The Arabian Petroleum Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Arabian Petroleum Ltd IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd.) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2023. Refunds: on 05 Oct 2023.

When Arabian Petroleum Ltd IPO will be listed? ▼

The Arabian Petroleum Ltd IPO listing date is 09 Oct 2023, Monday. Listed on: NSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Arabian Petroleum Ltd IPO close? ▼

The Arabian Petroleum Ltd IPO closes on 27 Sep 2023, Wednesday. UPI mandate: 2023-09-27. Allotment: 04 Oct 2023. Listing: 09 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹70.00

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Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date25 Sep 2023

Close Date27 Sep 2023

Allotment04 Oct 2023

Listing Date09 Oct 2023

ExchangeNSE SME

UPI Deadline2023-09-27