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.

What is the estimated listing price for Arabian Petroleum Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹9, the estimated listing price is ₹79 (approx. 12.9% gain).

What is the expected profit per lot for Arabian Petroleum Limited IPO?

With a lot size of 2000 shares and current GMP of ₹9, expected profit per retail application lot is approximately ₹18,000.

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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

Live Grey Market Premium

Arabian Petroleum Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹9+12.9%

Issue Price (Upper)

₹70

Band: ₹70

Estimated Listing Price

₹79

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹9	12.9%	₹79
30 Oct 2026	+₹9	12.9%	₹79
29 Oct 2026	+₹8	11.6%	₹78

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Arabian Petroleum Limited IPO GMP today?

The latest grey market premium for Arabian Petroleum Limited IPO is ₹9, which indicates an expected listing price of ₹79.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.