Arabian Petroleum Ltd - IPO

Arabian Petroleum Ltd IPO Details

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.

Objective of issue

To meet working capital requirements. General corporate purposes.

Arabian Petroleum Ltd Contact Details

Arabian Petroleum Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - cs@arabianpetroleum.co.in

Website - https:, www.arabianpetroleum.co.in