About the Arabian Petroleum Limited IPO:
Arabian Petroleum Limited is in the business of manufacturing a wide range of Lubricants including Specialty Oils, Coolants etc used for Industrial and Automotive applications. They also manufacture and package lubricants on a private label basis for some of the customers for B2B as well as B2C verticals. Their business is categorised into two distinctive product divisions Automotive Lubricants – Arzol and Industrial Lubricants – SPL. The company started its manufacturing activities with 10 blending machines.
In 2021, the company received official licensing from the American Petroleum Institute (API) to utilize API marks on specific products, namely Arzol Milage Synactiv, Arzol Super Duty, and Arzol Synpros. This endorsement validates that these products meet the stringent standards and criteria set forth by API within the petroleum industry.
Their domestic and international customers are spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors and automobile industry etc. Apart from private players, they also derive their revenues under the contracts from the Government sectors (both central and state) and associated entities. They are honoured to be one of the suppliers of lubricants to the Indian Armed Forces and have successfully delivered lubricant products to Border Security Force (BSF), Indian Air Force (IAF) and Indian Navy across various parts of the country.
Arabian Petroleum Limited is planning to launch its initial public offering (IPO), and this offering will consist of newly issued shares. The funds generated from this IPO will be allocated for several purposes, including:
By raising capital through an IPO, Arabian Petroleum Limited aims to secure the financial resources necessary to support its growth, sustain its operations, and cover the expenses associated with going public. This can enable the company to pursue its business objectives and potentially create value for its shareholders.
Here are key details about the Arabian Petroleum Limited IPO: