Sundrex Oil Company Limited
Bookbuilding IPO · NSE
- Price band
- ₹81 - ₹86
- Lot size
- 1,600 shares
- Issue amount
- ₹32.25 cr
- Total subscription
- 1.59×
- Opens
- 22 Dec 2025
- Closes
- 24 Dec 2025
- Allotment
- 26 Dec 2025
- Listing
- 30 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 37,50,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,29,600
- Fresh issue
- ₹32.25 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,37,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 96,44,752
- Shares after issue
- 1,33,95,152
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,75,200 |
| sHNI | 3 | 4,800 | ₹4,12,800 |
| bHNI | 8 | 12,800 | ₹11,00,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 1 |
| NIB | 0 | 134 |
| RETAIL | 653 | 1,241 |
| HNIs(10L +) | 194 | 37 |
| HNIs (2-10L) | 97 | 97 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.65 | 0.65 |
| Others | 0 | 0.65 |
| RETAIL | 17.97 | 34.15 |
| NIB | 12.01 | 13.76 |
| HNIs 2+ | 4 | 4.4 |
| HNIs 10+ | 8.01 | 9.36 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 11.27 | 35.63 | 64.83 | 28.68 |
| ROCE | 8.78 | 27.03 | 27.91 | 13.28 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 10.69 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Arabian Petroleum Limited | 8.12 | 73.60 | 10.00 | 53.43 | 15.68 | 9.06 |
| Sundrex Oil Company Limited | 10.69 | 86.00 | 10.00 | 17.86 | 45.08 | 8.04 |
Company information
Company profile
Sundrex Oil Company Limited, incorporated in 2010, manufactures and wholesales industrial and automotive lubricants, greases, and specialty products for customers in India and nearby countries. The company offers a wide product range including hydraulic oil, gear oil, diesel engine oils, transformer oil, rust preventive oil, and refrigeration oil, sold under its own brand as well as through contract manufacturing arrangements such as toll blending, packaging, and labeling services. As of June 30, 2025, the company employed 73 people across its operations.
Strengths
- In-House Manufacturing with Strong Quality Control – Operates a modern in-house facility with solid production capacity and advanced lab infrastructure, ensuring consistent quality and scalability as demand increases.
- Strategic Manufacturing Location – The Howrah, West Bengal facility offers excellent connectivity to transport networks, industrial zones, and ports, enabling efficient logistics and quicker market access.
- High Export Growth Potential – Close proximity to Haldia and Kolkata ports and road links to neighboring countries supports cost-effective exports to Southeast Asia, the Middle East, and nearby regions.
Risk factors
- High Dependence on Key Customers – A large share of revenue comes from a few major clients, so losing or receiving fewer orders from any key customer may significantly affect business performance.
- Reliance on Limited Raw Material Suppliers – Dependence on a small supplier base for critical raw materials exposes operations to supply disruptions, price increases, and production challenges.
- Exposure to Raw Material and Currency Price Fluctuations – Base oil prices linked to global markets and foreign exchange movements can raise input costs, impact margins, and make cost planning more difficult.
Promoters
Mr. Mahesh Sonthalia
Mr. Shashank Sonthalia
Mr. Aman Sonthalia
Registrar & documents
Lead manager
Affinity Global Capital Market Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
16 India Exchange Place 3rd Floor, Room No.- 14 Kolkata, West Bengal, 700001
+91 8335073185
[email protected]Company website ↗Understanding SOCL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.