Bookbuilding IPO | ₹32 Cr | Listed at NSE SME | Mon, Dec 22, 2025 - Wed, Dec 24, 2025
Sundrex Oil IPO is a book build issue of ₹32.24 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹32.24 crore.
Sundrex Oil IPO bidding started from Dec 22, 2025 and ended on Dec 24, 2025. The allotment for Sundrex Oil IPO was finalized on Dec 26, 2025. The shares got listed on NSE SME on Dec 30, 2025.
Sundrex Oil IPO price band is set at ₹86 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 (3,200 shares) (based on upper price). The minimum lot size for investment in 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..
Refer to Sundrex Oil IPO RHP for detailed Information.
IPO Open
Mon, Dec 22, 2025
IPO Close
Wed, Dec 24, 2025
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹115.20 Cr
| IPO Date | 22 to 24 Dec, 2025 |
| Listed on | Tue, Dec 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹81 to ₹86 |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,48,800 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker | 1,88,800 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 35,60,000 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 35,60,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 96,44,752 shares |
| Share Holding Post Issue | 1,33,93,552 shares |
| NSE Symbol | SOCL |
| ISIN | INE0CTB01014 |
Sundrex Oil IPO comprises a total issue size of 37,50,400 shares. The net offer to the public is 35,61,600 shares, after excluding 1,88,800 shares allotted on a firm basis. Of the Net offer 75,200 (2.11%) are allocated to QIB, 13,96,800 (39.22%) allocated to NII 20,89,600 (58.67%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 75,200 | 2.11% | 2.01% |
| NII (HNI) Shares Offered | 13,96,800 | 39.22% | 37.24% |
| − bNII > ₹10L | 9,31,200 | 24.83% | |
| − sNII < ₹10L | 4,65,600 | 12.41% | |
| Retail Shares Offered | 20,89,600 | 58.67% | 55.72% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,800 | 5.03% | |
| Total Shares Offered | 37,50,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,75,200 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,75,200 |
| S-HNI (Min) | 3 | 4,800 | ₹4,12,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,63,200 |
| B-HNI (Min) | 8 | 12,800 | ₹11,00,800 |
Incorporated in 2010, Sundrex Oil Company Limited is a manufacturer and wholesaler of high-performance industrial and automotive lubricants, greases, and specialty products serving industries in India and neighboring countries.
The company's product portfolio includes industrial lubricants, automotive lubricants, and specialty products.
The company makes products under its brand and provides contract manufacturing services. These services include toll blending and contract packaging.
The company provides labeling services. This allows businesses to market and sell high-quality products with their brand name.
Product Portfolio: Hydraulic Oil, Gear Oil, Multigrade & Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, Refrigeration Oil.
As on June 30, 2025, the company employed 73 employees at various departments.
Competitive Strength
Sundrex Oil Co.Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 40.21 | 38.43 | 24.15 | 14.93 |
| Total Income | 19.18 | 69.12 | 49.19 | 27.79 |
| Profit After Tax | 1.94 | 5.44 | 2.57 | 0.40 |
| EBITDA | 3.11 | 9.19 | 5.13 | 1.99 |
| NET Worth | 17.22 | 15.28 | 3.96 | 1.39 |
| Reserves and Surplus | 7.57 | 5.63 | 2.97 | 0.41 |
| Total Borrowing | 17.13 | 17.38 | 13.63 | 9.80 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital Expenses | 20.87 |
| 2 | To meet Capital Expenditure | 0.73 |
| 3 | General Corporate Purposes | 4.52 |
| 4 | Prepayment and repayment of all or a portion of certain secured and unsecured loan | 2.58 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.04 | |
| P/E (x) | 10.69 | |
| Promoter Holding | 100% | 72% |
| Market Cap | ₹115.20 Cr. |
The Sundrex Oil IPO is subscribed 1.53 times on December 24, 2025 6:19:12 PM (Day 3). The public issue subscribed 1.90 times in the individual investors category, 1.00 times in the QIB category, and 1.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 75,200 | 75,200 | 1 |
| NII* | 1.01 | 13,96,800 | 14,11,200 | 0 |
| bNII (bids above ₹10L) | 0.97 | 9,31,200 | 8,99,200 | |
| sNII (bids below ₹10L) | 1.10 | 4,65,600 | 5,12,000 | |
| Individual Investor | 1.90 | 20,89,600 | 39,71,200 | 1,241 |
| Total | 1.53 | 35,61,600 | 54,57,600 | 1,376 |
Total Application : 1,376
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 1.59 |
| 2 | Underwriting Fees | 0.73 |
| 3 | Selling Commission Fees | 0.89 |
| 4 | Fees Payable to the Market Maker to the Issue | 0.03 |
| 5 | Fees Payable to the Registrar to the Issue | 0.01 |
| 6 | Fees Payable for Advertising and Publishing expenses | 0.15 |
| 7 | Fees payable to Regulators including Stock Exchange and Depositories | 0.12 |
| 8 | Payment fees for Printing & Stationery, Postages, etc | 0.00 |
| 9 | Fees payable to Statutory Auditor, Legal Advisors and other Professionals | 0.03 |
| 10 | Concurrent Auditor | 0.00 |
| 11 | Others |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹68.80 |
| Low | ₹65.40 |
| High | ₹68.80 |
| Last Trade | ₹65.40 |
Lead Manager Reports
Sundrex Oil IPO is a SME IPO of 37,48,800 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Dec 22, 2025, and closes on Wed, Dec 24, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sundrex Oil IPO using UPI as a payment gateway. Zerodha customers can apply in Sundrex Oil IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sundrex Oil IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sundrex Oil IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025.
Sundrex Oil IPO lot size is 1600, and the minimum amount required for application is ₹2,75,200, with 2 lots being the minimum application size.
You can apply in Sundrex Oil IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sundrex Oil IPO will be done on Friday, December 26, 2025, and the allotted shares will be credited to your demat account by Mon, Dec 29, 2025. Check the Sundrex Oil IPO allotment status.
The Sundrex Oil IPO listing date is on Tue, Dec 30, 2025.
