Arabian Petroleum IPO

Arabian Petroleum IPO will open for subscription from 25 September 2023. The company aims for an issue size of ₹20.24 Cr through this IPO.

Company Overview

Full nameArabian Petroleum Limited
Company Website

About Company

Incorporated in 2009, Arabian Petroleum is in the business of manufacturing a wide range of lubricants including Specialty Oils, Coolants, etc. which are used in automobiles, industrial machines, and appliances. The business is categorized into two distinctive product divisions: (i) Automotive Lubricants – Arzol and (ii) Industrial Lubricants – SPL. In the year 2021, the company was licensed by the American Petroleum Institute (API) to use API marks on some of its products like Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros. The company is exporting the products to countries like Guyana, Oman, Qatar, Vietnam, Sri Lanka, Sierra Leone, Zambia, Bangladesh, Chile, etc. Arabian Petroleum sells automotive lubricants under the brand name of Arzol and Industrial Lubricant under the brand name of SPL Lubricants through:

  • Retail packs: Ranging from 175ML to 20L packs that are sold in plastic packets, HDPE containers, and pails for retail customers
  • Wholesale packs: Ranging from 26L to 210L that are sold in HDPE containers and tin containers for wholesalers and institutional customers
  • Institutional sales: For bulk supply of products in the tankers to institutional customers, subject to their requirements.

The Objectives of the Issue

  • To meet Working Capital requirements.
  • General Corporate Purpose.
  • To meet issue expenses.

IPO Timetable

IPO Opening date25 September 2023
IPO Closing27 September 2023
Basis of Allotment03 October 2023
Initiation Refund04 October 2023
Credit to Demat Account05 October 2023
Listing Date06 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on September 27, 2023)

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹20.24 Cr – 2,892,000 shares
Fresh Issue₹20.24 Cr – 2,892,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹70 per share
Lot size2000 Shares
Market Maker portion148,000 shares
Shareholding pre-issue8,000,000
Shareholding post-issue10,892,000
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 20219M FY 2022
Net income2.812.883.43
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 20219M FY 2022
PE ratio16.32
RONW (%)27.7222.0920.87
ROCE (%)36.1429.7129.40
EBITDA (%)6.215.634.40

Company Promoters

  • Mr. Hemant Dalsukhrai Mehta
  • Mr. Manan Hemant Mehta

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000

IPO Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91-022-4961-4132, 022-3199-8810

Contact Details

Plot 14-B, Morivali M.I.D.C., Opp. Positive Packaging,
Ambernath (W), Ambernath Thane – 421505, Maharashtra
Phone: +0251-2395601

Allotment Status

Arabian Petroleum IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Final thoughts

Arabian Petroleum IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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