ListedSMEARABIAN

Arabian Petroleum Limited

Arabian Petroleum Limited is a sme IPO raising ₹20 Cr at a fixed price of ₹70 a share. It listed on 9 Oct 2023 and trades at ₹69 today, −0.8% against its issue price of ₹70. It was subscribed 0.00× in total.

Get alerts on this company Company page

₹70

Issue price

₹69

Price now

−0.8%

Since issue price

9 Oct 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹70

Cut-off price₹70

Issue size₹20 Cr

Shares per lot2000

Minimum application₹1,40,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE08NJ01024

Bidding hours10:00 – 17:00 IST

Bidding window25 Sept 2023 – 27 Sept 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.