Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Mon, Sep 25, 2023 - Wed, Sep 27, 2023
Arabian Petroleum IPO is a fixed price issue of ₹20.24 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹20.24 crore.
Arabian Petroleum IPO bidding started from Sep 25, 2023 and ended on Sep 27, 2023. The allotment for Arabian Petroleum IPO was finalized on Oct 4, 2023. The shares got listed on NSE SME on Oct 9, 2023.
Arabian Petroleum IPO price is ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Hem Securities Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Arabian Petroleum IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2023
IPO Close
Wed, Sep 27, 2023
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹76.24 Cr
| IPO Date | 25 to 27 Sep, 2023 |
| Listed on | Mon, Oct 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,92,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,48,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,44,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 27,44,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,08,92,000 shares |
| NSE Symbol | ARABIAN |
| ISIN | INE08NJ01024 |
Arabian Petroleum IPO comprises a total issue size of 28,92,000 shares. The net offer to the public is 27,44,000 shares, after excluding 1,48,000 shares allotted on a firm basis. Of the Net offer 13,72,000 (50.00%) allocated to NII 13,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,72,000 | 50.00% | 47.44% |
| Retail Shares Offered | 13,72,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,000 | 5.12% | |
| Total Shares Offered | 28,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
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:
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 76.51 | 71.35 | 50.32 |
| Total Income | 243.95 | 191.59 | 110.25 |
| Profit After Tax | 4.86 | 4.14 | 2.88 |
| NET Worth | 22.03 | 17.16 | 13.02 |
| Reserves and Surplus | 14.03 | 15.16 | 11.02 |
| Total Borrowing | 38.31 | 29.49 | 21.98 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 14.00 |
| 2 | General Corporate Purpose | 4.86 |
| KPI | |
|---|---|
| ROE | 22.08% |
| ROCE | 32.47% |
| Debt/Equity | 1.75 |
| RoNW | 22.08% |
| PAT Margin | 2.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.08 | |
| P/E (x) | 11.51 | 15.66 |
| Promoter Holding | 100.00% | 73.45% |
| Market Cap | ₹76.24 Cr. |
The Arabian Petroleum IPO is subscribed 19.91 times on September 27, 2023 7:29:00 PM (Day 3). The public issue subscribed 23.19 times in the retail category, [.] times in the QIB category, and 15.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 15.72 | 13,72,000 | 2,15,74,000 |
| Retail | 23.19 | 13,72,000 | 3,18,18,000 |
| Total | 19.91 | 27,44,000 | 5,46,40,000 |
Total Applications: 15,909
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 1.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹77.40 |
| Low | ₹74.25 |
| High | ₹78.80 |
| Last Trade | ₹76.25 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Arabian Petroleum IPO is a SME IPO of 28,92,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Sep 25, 2023, and closes on Wed, Sep 27, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arabian Petroleum IPO using UPI as a payment gateway. Zerodha customers can apply in Arabian Petroleum IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arabian Petroleum IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arabian Petroleum IPO opens on Mon, Sep 25, 2023 and closes on Wed, Sep 27, 2023.
Arabian Petroleum IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Arabian Petroleum IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Arabian Petroleum IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Fri, Oct 6, 2023. Check the Arabian Petroleum IPO allotment status.
The Arabian Petroleum IPO listing date is on Mon, Oct 9, 2023.
