Arabian Petroleum Limited
ListedSMEChemicals & Petrochemicals · NSE
Incorporated in 2006, Arabian Petroleum Limited is engaged in manufacturing a wide range of lubricants and specialty oils used in automobiles, industrial machines, and various appliances. The company operates under two main product divisions: Arzol (Automotive Lubricants) offering engine oils, gear oils, tractor oils, and hydraulic oils for vehicles, and SPL (Industrial Lubricants) which provides solutions to improve machine performance, reduce wear, and cut energy costs. Arabian Petroleum caters to domestic as well as international customers across multiple industries such as pharmaceuticals, FMCG, chemicals, steel, rubber, power, and automobiles.
Price Band
₹70
Issue Size
₹20.24 Cr
Lot Size
2000 shares
GMP
₹9
+12.9%
Est. Listing
₹79
at current GMP
Subscribed
19.51x
overall
Open
25 Sep 2023
Close
27 Sep 2023
Allotment
4 Oct 2023
Refund
5 Oct 2023
Demat Credit
6 Oct 2023
Listing
9 Oct 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Chemicals & Petrochemicals segment
- •Price band established at ₹70 - ₹70 per equity share
- •Minimum bid lot is 2000 shares
- •Estimated listing target of ₹79 based on current grey market activity