Sundrex Oil Company Ltd. IPO – Financials, Analysis & Allotment Status
The Sundrex Oil Company Ltd. IPO is an SME book-built issue looking to raise approximately ₹32.25 crores. The company, established in 2010 and based in Kolkata, is a specialized manufacturer of industrial and automotive lubricants, greases, and specialty oils.
Below is a comprehensive guide including the IPO details, SEO assets, and financial analysis.
Sundrex Oil Company Ltd. IPO : Key Details
- IPO Opening Date: December 22, 2025
- IPO Closing Date: December 24, 2025
- Price Band: ₹81 to ₹86 per share
- Issue Size: ~₹32.25 crore (fresh issue)
- Equity Shares Offered: 37,50,400 shares
- Face Value: ₹10 per share
- Lot Size: 1,600 shares (minimum application 2 lots – 3,200 shares)
- Retail Minimum Investment: ~₹2,75,200 at upper band
- Listing Platform: NSE Emerge (SME exchange)
- Allotment Date: December 26, 2025 (tentative)
- Listing Date: December 30, 2025 (tentative)
Sundrex Oil Co.’s IPO is structured as a book-built issue aimed at broadening its equity base and funding working capital and growth plans.
Company Overview
Sundrex Oil Company Limited was established in 2010 and is engaged in the manufacturing and wholesale distribution of industrial and automotive lubricants, greases, and speciality products. The company serves a diversified base of industrial clients, automotive service providers, infrastructure firms, and public sector undertakings in India and neighbouring markets.
The product portfolio includes:
- Industrial lubricants
- Automotive lubricants
- Specialty greases and related products
The company operates with a manufacturing-led B2B strategy anchored in quality, process discipline, and supply reliability.
Sundrex Oil Company Ltd. IPO Issue Details
Price Band & Structure
- Price Band: ₹81 – ₹86 per share
- Total Issue Size: ~₹32.25 crore
- Offer Type: Fresh issue of equity shares (no offer for sale)
Allocation (Tentative)
While detailed category allocation may vary:
- Retail Investors: significant portion (~35–60%)
- Non-Institutional Investors: around ~39%
- QIB (Qualified Institutional Buyers): small portion (~2%)
Utilisation of Proceeds
IPO funds are typically earmarked for:
- Working capital requirements
- Capital expenditure
- Repayment/prepayment of borrowings
- General corporate purposes
- IPO related expenses
Financial Snapshot
According to disclosures:
- Revenue (FY2025): ₹~69.12 crore
- Net Profit (FY2025): ₹~5.45 crore
- Revenue Growth: From ~₹49.19 crore in FY2024 to ₹69.12 crore in FY2025
The company has shown revenue and profit growth in recent years, reflecting scaling operations in its niche segments.
GMP – Grey Market Premium
As of now, no significant GMP trends are reported for Sundrex Oil Co. — indicating that the unofficial grey market for this IPO has not yet shown strong premium expectations.
What This Suggests:
- Lack of active grey market pricing may reflect neutral investor sentiment ahead of subscription
- For many SME IPOs, GMP information often only emerges as the issue nears subscription or closes
IPO Analysis
Strengths
- Established manufacturing presence in industrial and automotive lubricants manufacturing.
- Steady revenue and profit growth demonstrated in recent years.
- Diverse B2B customer base that includes PSU and industrial clients.
- Proceeds aimed at growth and debt reduction, which can strengthen operations.
Risks & Challenges
- SME segment IPOs tend to be less liquid compared with mainboard offerings.
- Limited institutional investor allocation (small QIB quota) could reduce depth of subscription.
- Grey market activity muted, suggesting subdued pre-IPO enthusiasm — investors should be cautious.
- Competition in the lubricant sector is strong, and margins can be sensitive to raw material cost fluctuations.
Investment Perspective
Who might consider applying?
- Investors targeting SME IPOs with long-term horizons
- Those focusing on manufacturing & B2B niches
- Participants willing to hold post-listing as SME stocks can be volatile in the short term
Caution for short-term traders:
With no strong GMP or pre-listing momentum yet, near-term listing gains are uncertain. Prospective investors should consider business fundamentals and personal risk tolerance before applying.
Conclusion
The Sundrex Oil Company Ltd. IPO represents a modest SME public issue with a clear operational profile in industrial and automotive lubricants. The company has delivered growth and aims to use IPO proceeds for expansion and working capital. However, GMP signals are currently subdued and SME listings typically trade with wide bid-ask spreads and lower liquidity. Therefore, long-term investors with conviction in the B2B lubricant space may find it interesting, while short-term listing plays carry risk.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a licensed financial advisor before making investment decisions.
