Arabian Petroleum Limited IPO
Arabian Petroleum Limited was a SME IPO in the Lubricants sector, offered at ₹70–₹70 per share to raise ₹20 crore. It listed on 9 Oct 2023 at ₹77 and closed its first day at ₹76, a listing gain of +8.9% versus the ₹70 issue price. It now trades around ₹111 (+58.5% versus the issue price).
Frequently asked questions
- What were the Arabian Petroleum Limited IPO listing gains?
- Arabian Petroleum Limited listed on 9 Oct 2023 at ₹77, closing its first day at ₹76 — a listing gain of +8.9% versus the ₹70 issue price.
- What was the price band and lot size of the Arabian Petroleum Limited IPO?
- The price band was ₹70–₹70 per share, with a minimum lot of 2,000 shares (₹1,40,000 at the upper band).
- Who were the registrar and lead manager for the Arabian Petroleum Limited IPO?
- Purva Sharegistry (India) Private Limited was the registrar, and HEM Securities was the book-running lead manager.