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| Arabian Petroleum Ltd |
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Registered Office:
Plot 14-B Morivali MIDC,Ambernath (W) Ambernath
,
Thane
-
421505
,
Maharashtra
, India.
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| Phone :
91-0251-2395601 Fax: |
| Email : cs@arabianpetroleum.co.in |
| Website : www.arabianpetroleum.co.in |
| Initial public offer of upto 28,92,000 equity shares of face value of Rs10/- each (the "Equity Shares") of Arabian Petroleum Limited ("The Company" or "APL" or "The Issuer") at an issue price of Rs70 per equity share for cash, aggregating up to Rs20.24 crores ("Public Issue") out of which 1,48,000 equity shares of face value of Rs10 each, at an issue price of Rs70 per equity share for cash, aggregating Rs1.04 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 Rs10 each, at an issue price of Rs70 per equity share for cash, aggregating upto
Rs19.20 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. |
| Issue |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
| 25-Sep-23 |
27-Sep-23 |
Rs70.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :2000 Further Multiples of :2000 |
| |
Rs. Cr |
Lead Managers to the Issue |
| Project Cost |
18.86 |
Hem Securities Ltd |
| Project Financed through Current Offer |
20.24 |
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| Post Issue Equity Share Capital |
10.89 |
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| Issue Price |
70.00 |
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