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IPO

IPO Details


Arabian Petroleum Ltd
Registered Office: Plot 14-B Morivali MIDC, Ambernath (W) Ambernath, Thane - 421505, Maharashtra
Phone: 91-0251-2395601
Email: cs@arabianpetroleum.co.in
Website: https://www.arabianpetroleum.co.in
Initial public offer of upto 28,92,000 equity shares of face value of Rs.10/- each (the Equity Shares) of Arabian Petroleum Limited (The Company or APL or The Issuer) at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 20.24 crores (Public Issue) out of which 1,48,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.04 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 27,44,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 19.20 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.55% and 25.19% respectively of the post-issue paid-up equity share capital of the company. The issue price is 70 per equity share is 7 times of the face value. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Sep-2023 27-Sep-2023 ₹ 70.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 18.86 Hem Securities Ltd
Project Financed through Current Offer 20.24
Post Issue Equity Share Capital 10.89
Issue Price ₹70.00
Projects
To meet working capital requirements
General corporate purposes
Promoted By
Hemant Dalsukhrai Mehta
Manan Hemant Mehta
Listing At
NSE - SME
Registrar to the Issue
Purva Sharegistry (I) Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

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NASDAQ

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