Sundrex Oil IPO subscribed 0.84x on Day 1

By Jagat Joshi
December 22, 2025
6:55 pm
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By Jagat Joshi
December 22, 2025

Sundrex Oil IPO subscription started on Monday, December 22, and the IPO will close on December 24, 2025, as per the schedule. The price band is set at ₹81 to ₹86 per share with a face value of ₹10.

Sundrex Oil IPO Subscription Status

Sundrex Oil IPO subscribed over 0.84x on its first day till 5.00 PM on December 22, 2025.

Sundrex Oil IPO subscription QIB investors’ portion was 0.00 times, while NII was subscribed 0.66 times, and RII investors subscribed 0.99 times.
The company has received bids for 30,01,600 shares against 35,61,600 shares on offer for the first-day subscription.
Sundrex Oil IPO subscribed over 0.84x on its day 1.

About Sundrex Oil Company

Sundrex Oil Company Limited, founded in 2010, is one of the leading manufacturers and wholesalers of industrial and automotive lubricants, greases, and specialty products for customers in India and other countries. The company’s portfolio comprises industrial lubricants, automotive lubricants, and specialty products.

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. Moreover, the company also offers labelling services, where the brand puts the client’s brand name and design onto the product. Sundrex oil product portfolio consists of Hydraulic Oil, Gear Oil, Multigrade & Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, and Refrigeration Oil.

Sundrex Oil IPO GMP:

Sundrex Oil IPO GMP was ₹17 as of Monday, December 22, 2025. That indicates the IPO is trading at ₹103 with a ₹17 premium in the grey market against the issue price of ₹86.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.