Sundrex Oil Company IPO
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Sundrex Oil Company IPO details
Schedule of Sundrex Oil Company
| Issue open date | 22 Dec 2025 |
| Issue close date | 24 Dec 2025 |
| UPI mandate deadline | 24 Dec 2025 (5 PM) |
| Allotment finalization | 26 Dec 2025 |
| Refund initiation | 29 Dec 2025 |
| Share credit | 29 Dec 2025 |
| Listing date | 30 Dec 2025 |
| Mandate end date | 09 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 25 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sundrex Oil Company
Sundrex Oil Company Limited was incorporated in May 2010 and is headquartered in Kolkata, West Bengal. The Company was promoted by Mr Mahesh Sonthalia, Mr Aman Sonthalia and Mr Shashank Sonthalia, who bring industry experience and continue to guide its strategic direction. Sundrex operates as an ISO 9001:2015 certified manufacturer and wholesaler of lubricants and allied products, serving customers in India and select overseas markets. The Company manufactures a wide range of industrial lubricants, automotive lubricants, greases, transformer oils, metalworking fluids, and other speciality products. Its operations are primarily focused on the B2B segment, which contributes the majority of revenues, with limited exposure to B2C markets. Sundrex also undertakes contract manufacturing, toll blending, contract packaging, and private labelling services. Its business model combines in-house manufacturing with customised solutions for industrial clients, enabling scalability and long-term customer relationships. Key strengths include a diversified product portfolio, strong quality control, flexible manufacturing capabilities, and established promoter-led management
Financials of Sundrex Oil Company
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 32.25 |
| Fresh Issue – Proceeds go to the company | 32.25 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Working capital requirement | 20.87 (64.71%) |
| Capital expenditure | 0.73 (2.26%) |
| Repayment / pre-payment of certain borrowings | 2.58 (8.00%) |
| General corporate purposes | 8.07 (25.03%) |
Strengths
- ISO 9001:2015 certified manufacturer with established quality systems.
- Diversified product portfolio across industrial, automotive, and speciality lubricants.
- Strong B2B focus contributing the majority of revenues and ensuring steady demand.
- Promoter-led management with long-standing industry experience.
- Contract manufacturing and private labelling support asset-light growth.
Risks
- High dependence on a limited number of customers for a significant share of revenue.
- Exposure to volatility in raw material prices and supply availability.
- Large working capital requirements may strain cash flows.
- Operations are subject to environmental and regulatory compliance risks.
- Intense competition from established and larger lubricant manufacturers.
Allotment Status for Sundrex Oil Company
To check your IPO allotment status:
- Visit the Cameo Corporate Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Sundrex Oil Company
As per media reports (Link), the Grey Market Premium (GMP) of Sundrex Oil Company is reported at ₹17 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on December 24, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.75 | 0.75 | 1x |
| NII | 13.97 | 14.11 | 1.01x |
| Retail | 20.90 | 39.71 | 1.9x |
| Total | 35.62 | 54.58 | 1.53x |