Sundrex Oil subscribed 1.53 times on the last day, a retail quota of over 1.90 times, NII of over 1.01 times, and QIB of 1.00, respectively.
Details About Sundrex Oil IPO
Sundrex Oil got approval from SEBI for an IPO of around ₹32.25 crores. Sundrex Oil IPO comprises a fresh issue of ₹32.25 crores with a face value of ₹10 each.
Further, Sundrex Oil had a set price band between ₹81 to ₹86 Per Share.
In the Sundrex Oil IPO, 3,200 shares were in 2 lot sizes for the retail minimum and maximum categories as well. Moreover, 4,800 shares were in 3 lot sizes for the S-HNI minimum category. 11,200 shares were available in 7 lot sizes for the S-HNI maximum category. 12,800 shares were available in 8 lot sizes for the B-HNI minimum category.
To invest in the Sundrex Oil IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,75,200
- SHNI (S-HNI): Minimum investment of ₹4,12,800.
- SHNI (S-HNI): Maximum investment of ₹9,63,200
- B-HNI Minimum: Minimum investment of ₹11,00,800.
Sundrex Oil IPO Subscription Duration
The Sundrex Oil IPO opening date was December 22, 2025, and the closing date was December 24, 2025. The allotment of the Sundrex Oil IPO was on December 26, 2025, while the investors will receive a refund on December 29, 2025. Sundrex Oil IPO listing date is scheduled for December 30, 2025.
Sundrex Oil IPO funds deployment
- The proceeds raised from the fresh issue will be utilized to meet working capital Expenses.
- Some funds will be used to meet Capital Expenditure.
- A portion of the fund will be used to meet the offer-related expenses.
- Some funds will be utilized towards the repayment/prepayment of a certain secured and unsecured loan.
- Lastly, the remaining funds will be utilized for the company’s General Corporate Purposes.
About Sundrex Oil Company
Incorporated in 2010, Sundrex Oil Company is one of the growing manufacturers of industrial and automotive lubricants, greases, and specialty products for customers in India and other countries. The company includes a total of 73 employees under various departments as of June 30, 2025.
Under contract manufacturing, it offers toll blending and contract packaging as per the client’s requirements. Sundrex oil product portfolio consists of Hydraulic Oil, Gear Oil, Multigrade & Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, and Refrigeration Oil. Moreover, the company also offers labelling services, where the brand puts the client’s brand name and design onto the product.
Financial Report of the Sundrex Oil Company
The company reported revenue of ₹69.12 crores in 2025 against ₹49.19 crores in 2024. The company reported a profit of ₹5.44 crore in 2025, compared to a profit of ₹2.57 crore in 2024.
