Sundrex Oil IPO: GMP, Price, Analysis, And Details

Sundrex Oil Co. IPO- Company Analysis 

Sundrex Oil Co. IPO under the SME IPO category is a bookbuild issue of Rs. 32.25 Cr by Sundrex Oil Co. Limited and is a producer and distributor of specialty goods, greases and high-performance industrial and automotive lubricants for the Indian and surrounding sectors.

The company's product line consists of specialist items, automotive lubricants, and industrial lubricants. The business offers contract manufacturing services and produces goods under its own brand. Contract packing and toll mixing are two of these services.

The business offers labeling services. This enables companies to use their brand name to promote and sell premium goods. The product line includes hydraulic oil, gear oil, diesel engine oil (both multigrade and monograde), transformer oil, rust preventive oil and refrigeration oil.

Sundrex Oil Co. IPO Details

The Sundrex Oil Co. IPO date of opening is 22 Dec 2025, its initial public offering will end on 24 Dec, IPO allotment on Dec 26 and refund initiation on Dec 29, 2025.

The Rs. 32.25 crore new SME IPO comprises a wholly fresh issue of 0.38 crore shares.

The Sundrex Oil Co. IPO listing date (expected) might be on Tuesday, Dec 30, 2025, and listing at the NSE and SME. 

The Sundrex Oil Co. IPO price band is Rs. 81 to Rs. 86.

 

 

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 22, 2025
IPO Closing Date	Dec 24, 2025
IPO Allotment Date	Dec 26, 2025
Refund Initiation	Dec 29, 2025
IPO Listing Date	Dec 30, 2025

 

Click to open demat account and apply for the IPO.

Company Financials 

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	38.43	24.15	14.93
Total Income	69.12	49.19	27.79
PAT	5.44	2.57	0.40
EBITDA	9.19	5.13	1.99
Net Worth	15.28	3.96	1.39
Reserves & Surplus	5.63	2.97	0.41
Total Borrowing	17.38	13.63	9.80

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	-78.05	11.13	-241.16
Net Cash Flow Investing Activities	-415.56	-327.65	58.94
Net Cash Flow Financing Activities	806.65	297.38	202.01

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To meet working capital Expenses. ~ Rs. 20.87 Cr.
• To meet Capital Expenditure. ~ Rs. 0.73 Cr.
• General Corporate Purposes.
• To meet the offer-related expenses.
• Prepayment and repayment of all or a portion of certain secured and unsecured loan. ~ Rs. 2.58 Cr.

Listed Peers of Sundrex Oil Co. Ltd. 

Name of the Company	Face Value (Rs.)	EPS (Rs.)	P/E Ratio (x)
Arabian Petroleum Limited	10	9.06	8.12

 

Valuation

KPI	Value
ROE	35.63%
ROCE	27.03%
Debt / Equity	1.14
RoNW	35.63%
PAT Margin	8.10%
EBITDA Margin	13.68%
Price to Book Value	5.43

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 8.12 from the last year, the resulting P/E ratio is 10.59x.

Explore the Luxury Time IPO.

IPO's Strengths

• Modern quality control and in-house manufacturing.

• The advantage of a strategic location.

• Diverse clientele and a direct sales model.

• Competent staff and seasoned management.

• Total Logistical Effectiveness.

 

 

IPO’s Weaknesses 

• Its main raw material base oil is priced according to global indexes.
• The Eastern states of India have contributed significantly to the company's revenue; any decline in business from these regions could hurt the company's earnings.
• Because crude oil is the source of its raw materials, and is susceptible to price increases or supply disruptions from occurrences like wars, which have an immediate effect on expenses.

Sundrex Oil Co. IPO GMP (Grey Market Premium)

Sundrex Oil Co. IPO GMP today has not started yet as of 18 Dec 2025 while writing this information.

Sundrex Oil Co. IPO Summary

IPO Opening & Closing Date	22 Dec, 2025 to 24 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 81 to Rs. 86 per Share.
Lot Size	1600 Shares
Issue Size	37,50,400 Shares (Rs. 32.25 Cr)
Offer for Sale	-
Fresh Issue	37,50,400 Shares (Rs. 32.25 Cr)
Listing at	NSE, SME
Issue Type	Bookbuild issue IPO
Registrar	Cameo Corporate Services Ltd.

 

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (3200 Shares) for Rs. 2,75,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 4,12,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

Sundrex Oil Co. IPO Allotment Status

To check the Sundrex Oil Co. IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Sundrex Oil Co. Ltd.

• Mr. Mahesh Sonthalia
• Mr. Shashank Sonthalia
• Mr. Aman Sonthalia.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Affinity Global Capital Market Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend since its incorporation.

 

Conclusion

With robust revenue growth and favorable return ratios like ROE and ROCE, Sundrex Oil Co. IPO provides exposure to the specialized lubricants and industrial oils market. Supported by in-house production, a variety of items, and a direct sales model, the IPO valuation seems fair when compared to its listed counterpart. However, before investing investors should take into account the unpredictability of raw material prices, geographical revenue concentration and reliance on crude oil.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.