Arabian Petroleum was founded on March 20, 2009, and operates in the lubricants manufacturing sector. The company offers a broad array of products including specialty oils and coolants for industrial and automotive applications. Its business is segmented into two main product divisions: automotive lubricants and industrial lubricants.
| Bidding Dates |
|---|
| 25 Sep 2023 - 27 Sep 2023 |
| Subscription |
|---|
| 18.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 2.9 M | ₹70 | 73.45 % | ₹202.4 M | RHP DOC |
Arabian Petroleum IPO SUBSCRIPTION STATUS
27 Sep '23Arabian Petroleum IPO overall subscription rate was 18.51 times the total available shares
Arabian Petroleum IPO retail subscription rate was 22 times in the retail segment
Arabian Petroleum IPO non-institutional investor subscription rate was 15.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Sep 2023 (Day 3) | 22x | 15.02x | - |
26 Sep 2023 (Day 2) | 4.25x | 2.71x | - |
25 Sep 2023 (Day 1) | 0.7x | 1.99x | - |
Arabian Petroleum FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 48.6 | 2,428.4 | -23.1 | -58.6 | 3.8% |
| FY22 | 41.4 | 1,910.1 | -31.9 | -57.1 | 4.3% |
| FY21 | 28.8 | 1,099.9 | -35.4 | -50.5 | 5.6% |
Arabian Petroleum IPO SUBSCRIPTION STATUS DETAILS
Arabian Petroleum had 2.9 M shares on offer
Arabian Petroleum IPO offer price was ₹70
Arabian Petroleum IPO minimum Investment was ₹140000
Arabian Petroleum IPO issue size was ₹ 202.4 M
Arabian Petroleum had a minimum lot size of 2000 Shares per application
Arabian Petroleum NUMBER OF SHARES ON OFFER
Arabian Petroleum IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2023 |
| Issue close Date | 27 Sep 2023 |
| Allotment Date | 04 Oct 2023 |
| Refund Date | 05 Oct 2023 |
| Demat Account Credit Date | 06 Oct 2023 |
| Listing Date | 09 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Arabian Petroleum Allotment Status | Exchange |
Arabian Petroleum IPO subscription opened on 25 Sep 2023, and closed on 27 Sep 2023
IPO allotment for Arabian Petroleum was finalized on Wednesday, 04 Oct 2023
IPO listing for Arabian Petroleum was on NSE on Monday, 09 Oct 2023
Arabian Petroleum IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 77.4 |
| Listing Close Price | 76.3 |
| Listing Gain% | 10.6% |
| Current Gain% | 28.1% |
Arabian Petroleum Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arabian Petroleum Ltd. | 89.6 | 97.6 | 8.7 | 0.4 | 0.2 | 16.2 | 6.5 | 415.8 | 45.3 | 11.2 | 23.5 | 10.3 | 23.5 |
| Indian Oil Corporation Ltd. | 143.4 | 202470.3 | 6 | 0.1 | 0.2 | 19.2 | 8 | 788578.4 | 3.5 | 42096.3 | 209.6 | 23.8 | 99.3 |
| Aegis Logistics Ltd. | 1371 | 48122.1 | 38.5 | 0.4 | 5.4 | 14.8 | 6.2 | 8659.8 | 24.2 | 898.2 | 35.4 | 35.6 | 88.7 |
| Petronet LNG Ltd. | 280.6 | 42090 | 10.8 | -7.1 | 1 | 17.6 | 14.2 | 44359 | -14.3 | 3912.5 | -1.5 | 26.1 | -1.5 |
| Castrol India Ltd. | 192.1 | 18999.1 | 17.9 | 1.6 | 3.1 | 50 | 28 | 5788.9 | 6.2 | 949.9 | 2.4 | 10.7 | 11.1 |
| Gulf Oil Lubricants India Ltd. | 1189.5 | 5894.6 | 15.7 | 11.2 | 1.3 | 22.6 | 11.5 | 4153.7 | 11.4 | 347.6 | -3.4 | 75.7 | 1.4 |
Arabian Petroleum INFORMATION ON IPO ISSUE
About Arabian Petroleum
Arabian Petroleum was founded on March 20, 2009, and operates in the lubricants manufacturing sector. The company offers a broad array of products including specialty oils and coolants for industrial and automotive applications. Its business is segmented into two main product divisions: automotive lubricants and industrial lubricants.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
Arabian Petroleum - PROMOTERS
| Name |
|---|
| Hemant Dalsukhrai Mehta |
| Manan Hemant Mehta |
Arabian Petroleum Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Arabian Petroleum Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Arabian Petroleum Strengths
One-stop shop
Arabian Petroleum is among the select manufacturers in India with extensive in-house capabilities to develop and produce a variety of automotive and industrial lubricants. The company serves a wide range of industries, including pharmaceuticals, FMCG, chemicals, steel, rubber, and the automobile sector
Research and development capabilities
The company has consistently invested in R&D to stay agile and adaptable in the lubricant industry
Quality assurance
The company is accredited with ISO 9001:2015 for quality management, ISO 45001:2018 for occupational health and safety, and ISO 14001:2015 for environmental management in manufacturing and supplying industrial and automotive lubricants
Arabian Petroleum Risks
Legal proceedings
The company faces ongoing legal proceedings and potential litigations. Adverse outcomes could lead to liabilities, penalties, or prosecutions, negatively impacting the business
Contingent liabilities
The company holds contingent liabilities and unsecured loans, which pose financial risks. These loans could be recalled by lenders at any time, affecting the company's financial stability
Competitive business
The company faces intense competition and the risk of losing market share to cheaper imports, which could adversely impact its business performance
IPO FAQs
The promoters of the company are Hemant Dalsukhrai Mehta and Manan Hemant Mehta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 70.0 - 70.0.
The IPO application opens on Sep 25, 2023 and closes on Sep 27, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Oct 04, 2023.
The refund will be credited to your account on Oct 05, 2023.
The allotted shares will be credited to your demat on Oct 06, 2023.
Arabian Petroleum Ltd.’s shares listed on the stock exchanges on Oct 09, 2023.