Arabian Petroleum Limited IPO Review, Date, Price, GMP

Arabian Petroleum Limited, incorporated in 2006, manufactures a diverse range of lubricants, including specialty oils and coolants which are used in automobiles, industrial machinery, and appliances. The company is divided into two product divisions: automotive lubricants, under the brand name Arzol, and industrial lubricants under the brand name SPL.

The company acquired the manufacturing and trading business of Industrial & Automotive Lubricants from the proprietorship firm “Arabian Petroleum” in 2015, through a Business Takeover agreement. This transfer included all the know-how, goodwill, and clients of the proprietorship firm. The company established its manufacturing facility at a plant in Ambernath, Maharashtra, India, initially starting with 10 blending machines.

In 2019, it expanded its manufacturing activities to Factory Unit-2 in the same location, adding 2 more blending machines, bringing the total installed capacity to 40590 KLPA. As of December 31, 2021, the combined in-house storage capacity for base oil, additives, and waxes at both manufacturing facilities is approximately 2000 KL, while that for semi-finished or finished products is approximately 500 KL.

The company serves domestic and international customers across various industries, including pharmaceuticals, FMCG, chemicals, steel, rubber and tire, power, civil engineering, electrical appliances, textiles, telecommunications, chemicals, cables and conductors, and the automobile industry. It also supplies lubricants to government sectors and associated entities, including the Indian Armed Forces, Border Security Force (BSF), Indian Air Force (IAF), and Indian Navy.

Arabian Petroleum Limited is an approved vendor for Volvo Group Trucks Technology, Renault Group, and MACK Trucks for its product “Milage Synactivs 15W-40” engine oil. Certainly, here is the list of clients and export destinations for Arabian Petroleum Limited:

Clients:

• Varroc Engineering Limited
• Mahindra First Choice Services Limited
• Greaves Cotton Limited
• Gabriel India Limited
• Ki Mobility Solutions Private Limited – a TVS Group Company
• HELLA India Lighting Ltd
• Petrelplus Inc
• Nand Persaud & Co Ltd
• J K Files (India) Limited – a Raymond Group Company
• Godrej & Boyce Manufacturing Co. Ltd
• BEML Limited
• Bharat Coking Coal Limited
• Bharat Electronics Limited
• Bharat Heavy Electricals Limited
• Hindustan Aeronautics Limited
• Indian Air Force
• Mazagon Dock Shipbuilders Limited
• Indian Navy (Controller of Procurement Material Organisation)
• Municipal Corporation of Greater Mumbai
• Indian Railway
• Western Coalfields Limited
• SouthEastern Coalfields Limited
• Northern Coalfields Limited

Export Destinations:

• Guyana
• Oman
• Qatar
• Vietnam
• Sri Lanka
• Sierra Leone
• Zambia
• Bangladesh
• Chile

The company’s diversified product portfolio is a result of its strong research and development (R&D) capabilities, including product design, engineering, simulation, prototyping, and testing. R&D activities are primarily conducted at the manufacturing facilities in Ambernath, focusing on creating customized products and solutions, improving production processes, and enhancing product quality.

Arabian Petroleum Limited IPO Complete Details:

Arabian Petroleum Limited IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Arabian Petroleum Limited is Around 20 Rs.

Objects Of Issue:

1. To fulfill Working Capital needs.
2. For General Corporate Purposes.
3. To cover issue-related expenses.

Promoters:

Mr. Hemant Dalsukhrai Mehta:

• Age: 63 Years
• Position: Chairman and Managing Director of the company
• Education: Completed B.Com. from the University of Bombay in the year 1980.
• Experience: Boasts an overall experience of 41 years in trading activities and has been in the business of trading and manufacturing lubricants for the last 15 years.

Mr. Manan Hemant Mehta:

• Age: 32 Years
• Position: Whole-time Director of the company
• Education: Holds a degree of B. Tech. in Chemical Engineering and a Master of Business Administration in Technology Management from Narsee Monjee Institute of Management Studies.
• Experience: Accumulates an overall experience of 9 years in manufacturing and trading of lubricants.

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