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Arabian Petroleum IPO
Arabian Petroleum Limited
₹1,40,000 /2000 sharesMinimum Investment
Arabian Petroleum IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Sep ‘23 - 27 Sep ‘23 | ₹1,40,000 | 2,000 | ₹70 - ₹70 |
| Issue Size | IPO Doc |
|---|---|
| 20.24Cr | RHP PDF |
About Arabian Petroleum
Founded in
2009
Managing director
Mr. Hemant Dalsukhrai Mehta
Parent organisation
Arabian Petroleum Limited
Strengths & Financials of Arabian Petroleum
Strengths
Risks
Arabian Petroleum's product portfolio serves a diverse range of industries, including pharmaceuticals, FMCG, chemicals, steel, rubber and tire, power, civil engineering, electrical appliances, textiles, telecommunications, cables, conductors, and the automobile sector.
The company has a track record of successful innovations, such as High-Speed Knitting Oil and Water-based alkaline cleaners. They are currently working on the development of Expander Oil.
In 2021, Arabian Petroleum received a license from the American Petroleum Institute (API) to display the API mark on select products like Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros.
The company has certifications from organizations like Volvo Group Trucks Technology, Renault Group, and MACK Trucks, particularly for their Milage Synactivs 15W-40 engine oil product.
The company recently secured OEM approval from Bharat Earth Movers Limited for various products, including engine oil and hydraulic oil.
The company has a clientele including well-known companies like Varroc Engineering Limited, Mahindra First Choice Services Limited, Greaves Cotton Limited, and Gabriel India Limited. They also serve government clients, including BEML Limited, Bharat Coking Coal Limited, Bharat Electronics Limited, Hindustan Aeronautics Limited, Indian Air Force, and various coalfields and railway corporations.
Their reach extends beyond India, with exports to countries such as Guyana, Oman, Qatar, Vietnam, Sri Lanka, Sierra Leone, Zambia, Bangladesh, Chile, Jordan, Seychelles, Maldives, Fiji, Congo, Guatemala, Suriname, Peru, Mauritius, and Dubai.
Arabian Petroleum has earned recognition as a High Growth Company in the Asia-Pacific region, as acknowledged in a report by the Financial Times for consecutive years in 2021 and 2022.
In 2021, Industry Outlook ranked the company among the Top 10 Lubricant manufacturers.
Arabian Petroleum conducts its product sales through an extensive network of distributors, dealers, and depots. Failing to efficiently expand and manage this growing distribution and sales network could negatively impact the company's business, financial condition, and operational results.
The company is currently engaged in legal proceedings and potential litigations, which could lead to adverse decisions and result in liabilities, penalties, or legal actions. Such outcomes could harm the company's business and operational results.
The demand for Arabian Petroleum's specialty oils and lubricants in foreign markets is susceptible to international market conditions and regulatory risks. This may pose challenges to the company's business.
The company's agreement with a subsidiary of Ukraine's XADO group has been disrupted due to the conflict between Russia and Ukraine. It has led to challenges and delays in sourcing raw materials for products related to XADO's technology.
The company's revenue is closely tied to various industries, including the automobile sector and industrial sectors such as pharmaceuticals, FMCG, chemicals, steel, rubber and tires, power, civil engineering, electrical appliances, textiles, chemicals, cables, and conductors.
The company lacks long-term agreements with its customers and suppliers, leaving its business susceptible to market fluctuations.
Foreign currency exchange rate fluctuations could impact the company's financial condition and operational results.
As of March 31, 2023, the company had a contingent liability of Rs. 77.76 lakhs. If this contingent liability materializes, either partially or fully, it could affect the company's financial condition.
The company has availed unsecured loans, which its lenders can call at any time. As of March 31, 2023, the outstanding unsecured loan amounted to Rs. 504.54 lakhs.
Arabian Petroleum Financials
*All values are in Rs. Cr
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Application Details of Arabian Petroleum IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹70 - 70 | ₹2 - 5 Lakh |
| High Networth Individual | ₹70 - 70 | ₹2 - 5 Lakh |
For Arabian Petroleum IPO, eligible investors can apply as Regular.