₹32.25 crores Sundrex Oil Limited IPO Opens Today; Price Band Set at ₹81.00 to ₹86.00 Per Share

Mumbai, 22 December 2025: Industrial and automotive lubricants manufacturer Sundrex Oil Limited has opened its IPO for subscription status today, 22 December 2025. The IPO, entirely a fresh issue of 0.38 crore shares, is a book build issue of ₹32.25 crores. The IPO will close on 24 December 2025.

Established in 2010, Sundrex Oil Company Limited is a producer and distributor of performance industrial and automotive lubricants, greases and specialty products for industries in India and the neighbouring countries. The company offers a range of products such as industrial lubricants, automotive lubricants, and specialty products. The company also sells products under its own brand and provides contract manufacturing services. Such services include toll blending and contract packaging.

Sundrex Oil Limited IPO Price Band Set between ₹81.00 to ₹86.00 Per Share; Lot Size 1600 Shares

Sundrex Oil IPO is a book build issue of ₹32.25 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹32.25 crore. Sundrex Oil IPO bidding opened for subscription status today, December 22, 2025, and will close on December 24, 2025. The allotment for the IPO is expected to be finalised on December 26, 2025, with shares to list on NSE SME with a tentative listing date fixed as December 30, 2025.

Sundrex Oil IPO price band is set at ₹81.00 to ₹86.00 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,75,200.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,12,800.

Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd.

Sundrex Oil Limited Utilisation of IPO Proceeds

The Company proposes to utilise the net proceeds from the issue towards funding working capital expenses (₹20.87 crore), to meet capital expenditure(₹0.73 crore), prepayment and repayment of all or a portion of certain secured and unsecured loan (₹2.58 crore), and for general corporate purposes and offer related expenses.

Sundrex Oil Co. Ltd Posts 41% Revenue Growth and ROE at 36%

Sundrex Oil Co. Ltd. has showed a robust growth in financials for the period spanning from FY24 to FY25. The total revenue grew 41% YoY, from ₹49.19 crore in FY24 to ₹69.12 crore in FY25. Profit after tax more than doubled by 112% from ₹2.57 crore to ₹5.44 crore, aided by better operating show. The EBITDA jumped to ₹9.19 crore from ₹5.13 crore. The company’s assets grew to ₹38.43 crore and net worth to ₹15.28 crore,driven by higher retained earnings. 

From the perspective of key metrics. Sundrex Oil had strong returns and margin in FY25. Return on Equity (ROE) and Return on Net Worth (RONW) were 35.63% and Return on Capital Employed (ROCE) was 27.03% indicating the company efficiently utilised capital. EBITDA margin increased to 13.68% and PAT margin was 8.10%. The debt-equity ratio was 1.14, indicating a moderate level of leverage, and the price-to-book value ratio was 5.43.

Sundrex Oil Limited IPO Subscription Status on Day 1 So Far (12:55 PM)

Sundrex Oil’s IPO was subscribed 0.34 times as of 12:55 PM on Day 1, 22 December 2025. The retail investors segment subscribed 0.50 times, with bids for 10.40 lakh shares. Non-Institutional Investors portion was subscribed 0.13 times, mostly from small NII bids. The QIB (excluding anchor investors) portion remained unsubscribe so far. Total bids were received for 12.16 lakh shares against an issue of 35.62 lakh shares.

Source: https://www.nseindia.com/market-data/issue-information?symbol=SOCL&series=SME&type=Active

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