Arabian Petroleum Limited IPO
i. Arabian Petroleum is in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc used for Industrial and Automotive applications. Their business is categorized into two distinctive product division: (i) Automotive Lubricants – Arzol and (ii) Industrial Lubricants – SPL. They are dedicated to consistently providing products that deliver stellar quality and comply with statutory requirements in the Automotive and Industrial Lubricants domain.
ii. In the year 2019 they further expanded their manufacturing activities to Maharashtra, India and added 2 more blending machines with total installed capacity of 40590 KLPA. Their combined in-house storage capacity of storage tanks at both the manufacturing facilities for base oil, additives, waxes as on date of the Prospectus is approximately 2000 KL and that for semi-finished or finished products is approximately 1000 KL.
iii. In the year 2021 the company was licensed by American Petroleum Institute (API) to use API mark on some of its products like: Arzol Milage Synactiv, Arzol Super Duty and Arzol Synpros
iv. Their domestic and international customers are spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors and automobile industry etc. Apart from private players, we also derive their revenues under the contracts from the Government sectors (both central and state) and associated entities. Arabian Petroleum is honored to be one of the suppliers of lubricants to the Indian Armed Forces and have successfully delivered lubricant products to Border Security Force (BSF), Indian Air Force (IAF) and Indian Navy across various parts of the country.
v. They have product approval certification from Volvo Group Trucks Technology, Renault Group and MACK Trucks for our product “Milage Synactivs 15W-40” engine oil. We have recently received OEM approval from Bharat Earth Movers Limited (Formerly – BEML Limited) for their entire range of products like Engine oil, hydraulic oil etc.
i. One Stop Shop for All Lubricants
ii. Research and developm0ent capabilities allowing product innovation and customization
iii. Long Standing Relationship with our customers
Objects of the Arabian Petroleum Limited IPO:
Arabian Petroleum Limited IPO Details:
|Open Date:||Sep 25 2023|
|Close Date:||Sep 27 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||20.24 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 70 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 09 2023|
Promoters And Management:
Financials of Arabian Petroleum Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||10,999||19,101||24,284|
|Cost of materials consumed||8,846||16,320||20,792|
|Change In Inventory||-134||-666||-273|
|Employee benefits expenses||627||925||1,007|
|Depreciation & Amortisation||139||143||138|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Arabian Petroleum Limited||243||5||4.46||15.7||70||76|
|Tide Water Oil Co. (India) Limited||1,854||114||65.71||18.6||1,198||2,088|
|GP Petroleums Limited||790||25||4.94||13.5||49||248|