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Arabian Petroleum Announces IPO Opening on September 25, 2023, and Listing on NSE SME
Mumbai (Maharashtra) [India], September 22: Arabian Petroleum is pleased to announce the opening of its Initial Public Offering (IPO) for subscription on September 25, 2023, with the subscription period set to conclude on September 27, 2023. The company has established the issue price at Rs 70 per share, as stated in a company statement. Arabian [...]
Mumbai (Maharashtra) [India], September 22: Arabian Petroleum is pleased to announce the opening of its Initial Public Offering (IPO) for subscription on September 25, 2023, with the subscription period set to conclude on September 27, 2023. The company has established the issue price at Rs 70 per share, as stated in a company statement.
Arabian Petroleum aims to raise Rs 20.24 crore from the public offer, with each lot consisting of 2,000 equity shares. The offering comprises a total of 2,892,000 equity shares, with specific allocations for different investor categories. Of these, 1,372,000 equity shares are reserved for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) categories each, while the remaining 148,000 equity shares are reserved for market makers.
