Arabian Petroleum Limited is in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc used for application in automobiles and industrial machines and appliances.
The company has two distinctive 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.
In the year 2021 the company was licensed by American Petroleum Institute (API) to use API mark on some of its products like: Arzol Milage Synactiv, Arzol Super Duty and Arzol Synpros.
Arabian Petroleum’s domestic and international customers is 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.
The company is approved vendor of Volvo Group Trucks Technology, Renault Group and MACK Trucks for its product “Milage Synactivs 15W-40” engine oil.
Some of company’s clientele include: Varroc Engineering Limited, Mahindra First Choice Services Limited, Greaves Cotton Limited, Gabriel India Limited, Ki Mobility Solutions Private Limited – TVS Group Company, HELLA India Lighting Ltd, Petrelplus Inc, Nand Persaud & Co Ltd, J
K Files (India) Limited – a Raymond Group Company, Godrej & Boyce Manfacturing Co. ltd etc.
The company also has government clientele including BEML Limited, Bharat Coking Coal Limited, Bharat Electronics Limited, Bharat Heavy Electricals Limited, Hindustan Aeronautics Limited, Indian Air Force, Mazagon Dock Shipbuilders Limited, Indian Navy (Controller of Procurement Material Organisation), Municipal Corporation of Greater Mumbai, Indian Railway, Western Coalfields Limited, SouthEastern Coalfields Limited, Northern Coalfields Limited etc.
Furthermore the company is exporting its products to countries like: Guyana, Oman, Qatar, Vietnam, Sri Lanka, Sierre Leone, Zambia, Bangladesh, Chile etc.
Arabian Petroleum IPO – Details
| IPO Opening Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 28,92,000 Shares Worth ₹20.24 Crore Fresh Issue: 28,92,000 Shares Worth ₹20.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Arabian Petroleum IPO – Date Schedule
| IPO Open Date | 25 September 2023 |
| IPO Close Date | 27 September 2023 |
| Basis of Allotment | 04 October 2023 |
| Initiation of Refund | 05 October 2023 |
| Credit of Shares to Demat Account | 06 October 2023 |
| IPO Listing Date | 09 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 27, 2023 |
Arabian Petroleum IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,40,000 |
| Retail (Maximum) | 1 | 2000 | 1,40,000 |
| HNI (Minimum) | 2 | 4000 | 2,80,000 |
Competitive Strengths
- One Stop Shop for All Lubricants.
- Research and development capabilities allowing product innovation and customization.
- Long Standing Relationship with its customers.
- Quality Assurance and Standards.
- Experienced and Qualified Management and Employee base.
Company Promoters
- Mr. Hemant Dalsukhrai Mehta
- Mr. Manan Hemant Mehta
Object Of The Issue
- Working Capital Requirement.
- General Corporate Purposes.
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2019 | 77.95 | 76.17 | 1.28 | 13.40 |
| 31 March 2020 | 84.14 | 80.38 | 2.81 | 16.67 |
| 31 March 2021 | 110.25 | 106.35 | 2.88 | 21.98 |
| 31 March 2022 | 191.60 | 185.77 | 4.14 | 29.50 |
| 31 March 2023 | 243.95 | 237.41 | 4.86 | 38.31 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 11.51 |
| ROE | 22.08 |
| ROCE | 32.47 |
| EPS (Rs) | 6.08 |
| RoNW | 22.08 |
Arabian Petroleum IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.45% |
Arabian Petroleum IPO Prospectus
Company Contact Information
| Arabian Petroleum Limited Plot 14-B, Morivali M.I.D.C., Opp. Positive Packaging, Ambernath (W), Ambernath, Thane – 421505 Phone: +0251-2395601 Email: cs@arabianpetroleum.co.in Website: https://www.arabianpetroleum.co.in/index.php |
Arabian Petroleum IPO Registrar
| Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
Arabian Petroleum IPO Lead Manager(s)
| 1. Hem Securities Limited |
Arabian Petroleum IPO FAQs
| What is Arabian Petroleum IPO? Arabian Petroleum IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Arabian Petroleum IPO will open? The IPO is to open on 25 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Arabian Petroleum IPO? You can apply Arabian Petroleum IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Arabian Petroleum IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Arabian Petroleum”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Arabian Petroleum IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Arabian Petroleum”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Arabian Petroleum IPO Size? Arabian Petroleum IPO size is ₹20.24 crores. |
| What is Arabian Petroleum IPO Price Band? Arabian Petroleum IPO Price Band is ₹70. |
| What is Arabian Petroleum IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000 . |
| What is the Arabian Petroleum IPO Allotment Date? Arabian Petroleum IPO allotment date is 04 October 2023. |
| What is the Arabian Petroleum IPO Listing Date? Arabian Petroleum IPO listing date is 09 October 2023. The IPO is to list on NSE SME. |
