| The initial public offer (IPO) of Sundrex Oil Company received bids for 29,63,200 shares as against 37,50,400 on offer, as per NSE data as of 17:00 hours on Monday (22 December 2025). The issue was subscribed 0.79 times.
The issue opened for bidding on Monday (22 December 2025) and it will close on Wednesday (24 December 2025). The price band of the IPO is fixed between Rs 81 to Rs 86 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 37,50,400 equity shares. About 1,88,800 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 35,61,600 equity shares.
The company intends to utilize the net proceeds to meet working capital expenses, to meet capital expenditure, for prepayment and repayment of all or a portion of certain secured and unsecured loan, general corporate purposes and to meet the offer-related expenses.
Sundrex Oil Company is a manufacturer and wholesaler of lubricants, greases, and a wide range of industrial products, serving both business-to-business (B2B) and business-to-consumer (B2C) markets across India. The company’s revenue profile is predominantly concentrated in the B2B segment, which accounts for approximately 99% of total revenue, while the remaining 1% is generated from the B2C segment. The company’s product portfolio includes industrial lubricants, automotive lubricants, and specialty products. Sundrex Oil Company manufactures high-performance lubricants, greases, metalworking fluids, bituminous products, IS:335-certified transformer oils, and other specialized formulations. As of 30 June 2025, the company had employed approximately 73 employees at various levels of the organization.
The company recorded revenue from operations (Sales) of Rs 18.71 crore and a net profit of Rs 1.94 crore for the period ended 30 June 2025.
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