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Open
25 Sep 2023
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Close
27 Sep 2023
3
Allotment
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Listing
Mon, Oct 9, 2023
Price Band
₹70 per share
Issue Size
28,92,000 shares (agg. up to ₹20 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Oct 9, 2023
Latest GMP
₹9
Est. Gain
12.86%
✦ AI Insight
GMP Trend
09-10-2023₹9Est. ₹79+12.86%
08-10-2023₹9Est. ₹79+12.86%
07-10-2023₹7Est. ₹77+10%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 19.15x |
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 14.00 |
| 2 | General Corporate Purpose | 4.86 |
About Arabian Petroleum IPO
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.+ Read More
Contact Details
Arabian Petroleum Ltd. AddressPlot 14-B, Morivali M.I.D.C.Opp.Positive Packaging, Ambernath (W)AmbernathThane, Maharashtra, 421505+0251-2395601cs@arabianpetroleum.co.inVisit Website