Arabian Petroleum Ltd Share Price

(ARABIAN)

Arabian Petroleum Ltd was originally incorporated as Arabian Petroleum Private Limited dated March 20 2009 by Registrar of Companies Mumbai. Subsequently Company converted into a Public Company on November 11 2011 and consequently name was changed to Arabian Petroleum Limited vide fresh Certificate of Incorporation consequent upon conversion on December 16 2011. The Company is into the business of manufacturing wide range of Lubricants including Specialty Oils Coolants etc. used for application in automobiles and industrial machines and appliances. The business is categorized into two distinctive product division: Automotive Lubricants Arzol and Industrial Lubricants SPL. The Company took over manufacturing and trading business of Industrial Automotive Lubricants from the Proprietorship Firm Arabian Petroleum run by the Proprietor Hemant D Mehta HUF vide Business Takeover Agreement dated December 25 2015. The Company set up its own manufacturing plant in Ambernath. Thereafter it started manufacturing activities with 10 blending machines. In 2018 the Company opened their first depot in Nagpur. It expanded with opening of first depot in Northern region at Gurugram andanother Depot at Indore. In year 2019 it further expanded the manufacturing activities to Factory Unit2 at Ambernath and added 2 more blending machines with total installed capacity of 40590 KLPA. In 2021 it opened some more depots at Ludhiana Rajkot and Aurangabad. It was licensed by American Petroleum Institute API to use API mark on some of its products like Arzol Milage Synactiv Arzol Super Duty and Arzol Synpros. The Company is planning to come out with an initial public offer of issuing upto 2892000 Equity Shares to the Public..

Listing date: 09 Oct, 2023
Chairperson Name: Jai Thakore