What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Arabian Petroleum Limited IPO allotment date?

The basis of allotment for Arabian Petroleum Limited IPO is scheduled to be finalized on 4 Oct 2023.

Where can I check Arabian Petroleum Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Purva Sharegistry India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 5 Oct 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Arabian Petroleum Limited

ListedSME

Chemicals & 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

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

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Arabian Petroleum Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

4 Oct 2023

Basis finalization

Refunds Initiate

5 Oct 2023

Mandate release

Demat Credit

6 Oct 2023

Shares in demat

Listing Debut

9 Oct 2023

Trading begins

About Arabian Petroleum Limited Public Issue & Market Profile

Arabian Petroleum Limited is bringing an initial public offering (IPO) in the Chemicals & Petrochemicals sector with an aggregate issue size of ₹20.24 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-06, while un-allotted funds or UPI block mandates will be released on 2023-10-05.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.