Arabian Petroleum Limited

LISTED

SME IPO · IPO Guide

Issue Price
₹70
Listed On
09 Oct 2023
Listing Price
₹77.40 (+10.57%)
Current Price LIVE
₹77.40 (+10.57%)
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Lot Size Calculator

Application Lots Shares Amount
Retail 2 4,000 ₹2,80,000
HNI Min 3 6,000 ₹4,20,000

As per financials, Arabian Petroleum Limited has shown good results, RoNW is 22.08% and P/E is respectively 18.40 and 15.68 as per FY22 and FY23 earnings. So, issue looks fully priced. Company is in business of manufacturing a wide range of Lubricants, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

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