What is the issue size of Arabian Petroleum IPO?

The issue size of the Arabian Petroleum IPO is Rs 20.24 cr

What is 'pre-apply' for Arabian Petroleum IPO?

Pre-apply will alow you to apply for the Arabian Petroleum IPO 2 days before the subscription period starts.

If I pre-apply for Arabian Petroleum IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Arabian Petroleum IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Arabian Petroleum IPO order is placed?

We will notify you when your Arabian Petroleum IPO order is placed with the exchange.

What are the open and close dates of the for Arabian Petroleum IPO?

Arabian Petroleum IPO will be open between 25 Sept - 27 Sept, 2023.

What is the lot size and minimum order quantity of the Arabian Petroleum IPO?

Arabian Petroleum Limited IPO lot size is 2000 shares.

What are the allotment dates for the Arabian Petroleum IPO?

Arabian Petroleum IPO allotment date is 4 Oct, 2023. For Arabian Petroleum IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Arabian Petroleum IPO?

Arabian Petroleum IPO registrar is Purva Sharegistry India Pvt Ltd. You can check Arabian Petroleum IPO allotment status on the website of the registrar.

Where is the Arabian Petroleum IPO getting listed?

The shares are proposed to be listed on NSE SME.

Arabian Petroleum IPO

Arabian Petroleum Limited

₹1,40,000 /2000 sharesMinimum Investment

Arabian Petroleum IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹70.00₹77.00₹7.00 (10.00%)
Arabian Petroleum IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
25 Sep ‘23 - 27 Sep ‘23₹1,40,0002,000₹70 - ₹70
Issue SizeIPO Doc
20.24CrRHP PDF
About Arabian PetroleumArabian Petroleum was incorporated in 2009. It specializes in producing a wide variety of lubricants, including specialty oils and coolants, designed for both industrial and automotive purposes. The company operates with two primary product divisions: automotive lubricants, known as 'Arzol' and industrial lubricants, branded as 'SPL.'
The company serves a diverse customer base, both within the country and internationally, spanning various industries such as pharmaceuticals, FMCG, chemicals, steel, rubber and tire, power generation, civil engineering, electrical appliances, textiles, telecommunications, chemicals, cables, conductors, and the automotive sector. The company also generates revenue through contracts with government entities at both the central and state levels. Moreover, the company offers private-label manufacturing and packaging services to select B2B and B2C clients for lubricants.
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Parent Organisation
Arabian Petroleum Limited
Founded
2009
Managing Director
Mr. Hemant Dalsukhrai Mehta
Strengths & Risks
Arabian Petroleum's product portfolio serves a diverse range of industries, including pharmaceuticals, FMCG, chemicals, steel, rubber and tire, power, civil engineering, electrical appliances, textiles, telecommunications, cables, conductors, and the automobile sector. 
The company has a track record of successful innovations, such as High-Speed Knitting Oil and Water-based alkaline cleaners. They are currently working on the development of Expander Oil.
In 2021, Arabian Petroleum received a license from the American Petroleum Institute (API) to display the API mark on select products like Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros.
The company has certifications from organizations like Volvo Group Trucks Technology, Renault Group, and MACK Trucks, particularly for their Milage Synactivs 15W-40 engine oil product. 
The company recently secured OEM approval from Bharat Earth Movers Limited for various products, including engine oil and hydraulic oil.
The company has a clientele including well-known companies like Varroc Engineering Limited, Mahindra First Choice Services Limited, Greaves Cotton Limited, and Gabriel India Limited. They also serve government clients, including BEML Limited, Bharat Coking Coal Limited, Bharat Electronics Limited, Hindustan Aeronautics Limited, Indian Air Force, and various coalfields and railway corporations.
Their reach extends beyond India, with exports to countries such as Guyana, Oman, Qatar, Vietnam, Sri Lanka, Sierra Leone, Zambia, Bangladesh, Chile, Jordan, Seychelles, Maldives, Fiji, Congo, Guatemala, Suriname, Peru, Mauritius, and Dubai.
Arabian Petroleum has earned recognition as a High Growth Company in the Asia-Pacific region, as acknowledged in a report by the Financial Times for consecutive years in 2021 and 2022. 
In 2021, Industry Outlook ranked the company among the Top 10 Lubricant manufacturers.
Arabian Petroleum conducts its product sales through an extensive network of distributors, dealers, and depots. Failing to efficiently expand and manage this growing distribution and sales network could negatively impact the company's business, financial condition, and operational results.
The company is currently engaged in legal proceedings and potential litigations, which could lead to adverse decisions and result in liabilities, penalties, or legal actions. Such outcomes could harm the company's business and operational results.
The demand for Arabian Petroleum's specialty oils and lubricants in foreign markets is susceptible to international market conditions and regulatory risks. This may pose challenges to the company's business.
The company's agreement with a subsidiary of Ukraine's XADO group has been disrupted due to the conflict between Russia and Ukraine. It has led to challenges and delays in sourcing raw materials for products related to XADO's technology.
The company's revenue is closely tied to various industries, including the automobile sector and industrial sectors such as pharmaceuticals, FMCG, chemicals, steel, rubber and tires, power, civil engineering, electrical appliances, textiles, chemicals, cables, and conductors.
The company lacks long-term agreements with its customers and suppliers, leaving its business susceptible to market fluctuations.
Foreign currency exchange rate fluctuations could impact the company's financial condition and operational results.
As of March 31, 2023, the company had a contingent liability of Rs. 77.76 lakhs. If this contingent liability materializes, either partially or fully, it could affect the company's financial condition.
The company has availed unsecured loans, which its lenders can call at any time. As of March 31, 2023, the outstanding unsecured loan amounted to Rs. 504.54 lakhs.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹70 - 70₹2 Lakh
High Networth Individual₹70 - 70₹2 - 5 Lakh
For Arabian Petroleum IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹70.00	₹77.00	₹7.00 (10.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
25 Sep ‘23 - 27 Sep ‘23	₹1,40,000	2,000	₹70 - ₹70

Issue Size	IPO Doc
20.24Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹70 - 70	₹2 Lakh
High Networth Individual	₹70 - 70	₹2 - 5 Lakh

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