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 current subscription status of Arabian Petroleum Limited IPO?

Arabian Petroleum Limited IPO has received a total subscription of 19.51 times overall.

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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 Subscription Status Allotment Status Filing Documents

Overall Subscription

19.51x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

15.83x

High Net-Worth

Retail (RII)

23.19x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 19.51x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	1,372,000	21,722,000	15.83x
RETAIL	1,372,000	31,818,000	23.19x
Total	2,744,000	53,540,000	19.51x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 22.94x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	506	11,734	23.19x
HNIs (10L +)	3	47	15.83x
HNIs (2-10L)	15	237	15.83x
Total Applications	524	12,018	22.94x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Arabian Petroleum Limited IPO is ₹9 per equity share. Based on the upper price band of ₹70 to ₹70 per equity share, the estimated listing price is ₹79 (+12.9% expected listing 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, the expected profit per application lot is approx ₹18,000 (+12.9% gain). Minimum application cost is approx ₹1,40,000.

What is the issue size and price band for Arabian Petroleum Limited IPO?

The Arabian Petroleum Limited IPO aggregate issue size is ₹20.24 Crores with an equity price band set at ₹70 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.

How can I check Arabian Petroleum Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 19.51x (Retail: 23.19x, QIB: 0.00x, NII: 15.83x). You can track live multiples directly on our dedicated subscription page.

Where and when will Arabian Petroleum Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2023-10-04. Investors can verify status using PAN card or application number.

When is the listing date for Arabian Petroleum Limited IPO?

Arabian Petroleum Limited shares are scheduled to list on NSE on 2023-10-09.