Arabian Petroleum IPO Review & Recommendations

Arabian Petroleum IPO Peer Comparison

Arabian Petroleum Limited peer comparison with similar listed entities. () (As on March 31, 2023)

Notes:

(i) Source - Audited Financial Results of the company for the financial year 2023 and stock exchange data dated September 15, 2023. For our Company, we have taken CMP as the issue price of equity share. Further, P/E Ratio is based on the CMP of the respective scrips.

(ii) The EPS, NAV, RoNW and Total Income of our Company are taken as per Restated Financial Statement for the Financial Year 2022-23 as adjusted with the effect of Bonus Issue.

(iii) NAV per share is computed as the closing net worth divided by the closing outstanding number of paid up equity shares as adjusted with the effect of Bonus Issue.

(iv) P/E Ratio of the peer company is based on the Audited Financial Results of the companies for the year 2023 and stock exchange data dated September 15,2023.

(v) RoNW has been computed as net profit after tax divided by closing net worth.

(vi) Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

(vii)The face value of Equity Shares of our Company is Rs. 10/- per Equity Share and the Issue price is 7 times the face value of equity share.