Arabian Petroleum IPO Day 3: Issue subscribed 20 times so far on last day; retail portion booked 23x
Also Read: Canarys Automations IPO: Price band, GMP, subscription status, other key details of SME issue Here are key details, subscription status and GMP of Arabian Petroleum IPO: Arabian Petroleum IPO has been subscribed 19.90 times on Wednesday, the third and the last day of the bidding process. The IPO received bids for 5.45 crore equity shares as against 27.44 lakh shares offered so far. The IPO has been subscribed 23.16 times in the retail category and 15.72 times in the Non-Institutional Investors’ (NII) category so far.
Also Read: Arabian Petroleum IPO Day 2: Issue subscribed 4.10 times; retail portion booked 4.56x 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 GMP today, or grey market premium today, dropped to ₹10 per share from ₹20 on Tuesday, as per market observers. This means that Arabian Petroleum shares are trading at a premium of ₹10 per share, which is 14.29% to their issue price, in the grey market. Also Read: Oneclick Logistics India IPO: Check GMP, subscription status on day 1, and other details Arabian Petroleum IPO opened for subscription on September 25 and will close today.
The basis of IPO allotment is likely to be finalised on October 4 and refunds will be initiated on October 5, while credit of share will take place on October 6. Arabian Petroleum shares are proposed to be listed at NSE SME on October 9. Arabian Petroleum IPO is entirely a fresh issue of 28.92 lakh shares aggregating to ₹20.24 crore.
The price band is fixed at ₹70 per share. Also Read: Sai Silks share price gains over 8% post tepid listing. Should you buy, sell or hold? The IPO lot size is 2,000 shares
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