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Sundrex Oil Co.Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the exchange on May 23, 2025 to raise funds through Initial Public Offer (IPO) and is currently under process. This indicates that the DRHP is under review by the exchange.
Sundrex Oil Co.Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Sundrex Oil IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 96,44,752 shares |
| Share Holding Post Issue | 1,33,95,152 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 24, 2024 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Filed with SEBI/Exchange | Fri, May 23, 2025 |
| Under Process | Thu, Jun 5, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established 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 follows strict quality control measures and is certified with ISO 9001:2015 standards
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.
As on September 30, 2024, the company employed 66 employees at various departments.
Competitive Strength
Sundrex Oil Company Limited'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 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 38.43 | 24.15 | 14,93,300.00 |
| Total Income | 69.12 | 49.19 | 27.79 |
| Profit After Tax | 5.45 | 2.57 | 0.40 |
| Net Worth | 15.28 | 3.96 | 1.39 |
| Reserves and Surplus | 5.63 | 2.79 | 0.41 |
| Total Borrowing | 17.38 | 13.63 | 9.77 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 35.63% |
| ROCE | 27.13% |
| Debt/Equity | 1.13 |
| RoNW | 35.63% |
| PAT Margin | 8.10% |
The Company Sundrex Oil Company IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To meet working capital Expenses | 159.27 |
| 2 | To meet Capital Expenditure | 22.56 |
| 3 | General Corporate Purposes | |
| 4 | To meet the offer related expenses |
Sundrex Oil Co.Ltd.
16 India Exchange Place
3rd Floor,
Room No.- 14
Kolkata, West Bengal, 700001
Phone: +91 8335073185
Email: cs@sundrex.co
Website: http://www.sundrex.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Sundrex Oil IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Sundrex Oil IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Sundrex Oil IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Sundrex Oil IPO allotment status.
The Sundrex Oil IPO listing date is not yet announced. The tentative date of Sundrex Oil IPO listing is [.].
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