Arabian Petroleum IPO: Check price band, subscription status, GMP, other key things to know about SME IPO
Also Read: Mangalam Alloys IPO: Issue subscribed over 4 times so far on last day; retail category booked 6.5x Arabian Petroleum IPO is entirely a fresh issue of 28.92 lakh shares aggregating to ₹20.24 crore. The price band for the issue is fixed at ₹70 per share. The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹140,000.
The book running lead manager of the Arabian Petroleum IPO is Hem Securities, while Purva Sharegistry India Pvt Ltd is the IPO registrar. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Arabian Petroleum IPO received stellar response from investors as the public issue has been fully subscribed on the first day itself. The IPO has been subscribed 1.35 times so far on Monday, the first day of the bidding process.
The public issue received bids for 37 lakh equity shares as against 27.44 lakh shares offered, till 2:55 pm. The IPO has been subscribed 37% in the retail category and 1.43 times in the Non-Institutional Investors’ (NII) category so far. Also Read: Organic Recycling Systems IPO: GMP, subscription status on day 3, other key details Arabian Petroleum IPO GMP today, or grey market premium today, is ₹0 per share, as per market observers.
This means that Arabian Petroleum shares are trading at their issue price of ₹70 apiece, without any premium or discount, in the grey market. Catch Live Market Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on
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