Sundrex Oil Company Ltd IPO 2025 – Complete Review, GMP, Financials, Risks, Strengths & Subscription Details

- December 22, 2025

Sundrex Oil Company Ltd IPO

Sundrex Oil IPO Overview

Sundrex Oil Company Limited has announced its SME IPO, offering investors an opportunity to participate in the growing Indian lubricant and specialty oil manufacturing sector. The IPO will be listed on the NSE SME platform, making it suitable primarily for informed and risk-aware investors.

This article provides a complete and in-depth analysis of Sundrex Oil IPO, including issue details, company background, financial performance, strengths, risks, application process, FAQs, and an important disclaimer.

Sundrex Oil IPO Key Details

Particulars	Details
IPO Name	Sundrex Oil Company Ltd IPO
IPO Type	SME IPO
Exchange	NSE SME
Issue Size	₹32.25 Crore
Price Band	₹81 – ₹86 per share
Lot Size	1,600 shares
Minimum Investment	₹2,59,200
Issue Opens	22 December 2025
Issue Closes	24 December 2025
Tentative Allotment Date	26 December 2025
Tentative Listing Date	30 December 2025
Face Value	₹10 per share
Registrar	Cameo Corporate Services Ltd

About Sundrex Oil Company Ltd

Sundrex Oil Company Limited is engaged in the manufacturing and wholesale supply of lubricants, greases, and related industrial products. The company produces:

Industrial lubricants
Automotive lubricants
Specialty oils and greases

Founded in 2010, Sundrex Oil has steadily expanded its manufacturing capabilities and customer base across India.

Key Management

Managing Director & CEO: Mr. Mahesh Sonthalia
Parent Organization: Sundrex Oil Company Ltd

Manufacturing & Operations

In-house manufacturing plant with 100 KL per day capacity for white oil
60 KL per day capacity for greases (double-shift basis)
Located in Howrah, West Bengal
Close proximity to Haldia Refinery (within 100 km) and Kolkata Port (about 30 km)
Connected to NH-16, supporting efficient domestic and export logistics

This strategic location helps reduce transportation costs and improves supply chain efficiency.

Sundrex Oil IPO – Strengths

✅ In-House Manufacturing

Full control over production, quality, and scalability without reliance on third-party manufacturers.

✅ Strategic Location

Near refinery, port, and highway infrastructure, ensuring lower logistics costs and faster delivery.

✅ Direct Sales Model

The company follows a direct customer sales approach, reducing intermediary margins and enabling better pricing control.

✅ Growing Customer Base

Number of billed customers increased significantly over recent financial years, reflecting expanding market reach.

✅ Quality Certifications

ISO 9001:2015 certified for quality management systems.

✅ Consistent Revenue & Profit Growth

The company has reported a steady increase in revenue and profit after tax over the last three financial years.

Sundrex Oil Financial Performance

(All figures are approximate and as per IPO disclosures)

Revenue Growth (₹ in Crore)

FY 2023: ₹27.49 Cr
FY 2024: ₹45.81 Cr
FY 2025: ₹77.78 Cr

Profit After Tax (₹ in Crore)

FY 2023: ₹1.34 Cr
FY 2024: ₹3.56 Cr
FY 2025: ₹6.44 Cr

Key Financial Highlights

Strong YoY revenue growth
Increasing profitability
Improved operational efficiency

Risks Associated with Sundrex Oil IPO

⚠️ Customer Concentration Risk

A significant portion of revenue comes from top customers. Loss of major clients could impact sales.

⚠️ Supplier Dependency

Raw material sourcing depends on limited suppliers. Price fluctuations or disruptions may affect margins.

⚠️ Working Capital Intensive Business

Lubricant manufacturing requires high working capital, affecting cash flows.

⚠️ Commodity Price Volatility

Crude oil and base oil price fluctuations directly impact production costs.

⚠️ Negative Operating Cash Flow (Past Years)

The company reported negative cash flows from operations in certain financial periods.

⚠️ SME IPO Risk

Lower liquidity, higher volatility, and limited public information compared to mainboard IPOs.

Who Should Invest in Sundrex Oil IPO?

✔ Investors with high risk appetite
✔ Investors with long-term perspective
✔ Those comfortable with SME IPO volatility

❌ Not suitable for conservative or short-term investors seeking liquidity

Sundrex Oil IPO Application Details

Category	Details
Investor Type	Individual / Retail
Minimum Lots	1 Lot
Shares per Lot	1,600
Amount	₹2.59 – ₹2.75 Lakhs (approx)

Eligible investors can apply via UPI through broker platforms.

Top Sundrex Oil IPO FAQs

Q1. What is the issue size of Sundrex Oil IPO?

The IPO size is approximately ₹32.25 crore.

Q2. What is the price band of Sundrex Oil IPO?

The price band is ₹81 to ₹86 per share.

Q3. What is the lot size for Sundrex Oil IPO?

The lot size is 1,600 shares.

Q4. When will Sundrex Oil IPO open and close?

It opens on 22 December 2025 and closes on 24 December 2025.

Q5. When is the Sundrex Oil IPO allotment date?

Tentative allotment date is 26 December 2025.

Q6. Where will Sundrex Oil shares be listed?

The shares will be listed on NSE SME.

Q7. Who is the registrar of the IPO?

Cameo Corporate Services Ltd is the registrar.

Sundrex Oil IPO – Final Verdict

Sundrex Oil Company Ltd IPO presents a growth-oriented SME investment opportunity backed by rising revenues, improving profitability, and a strategic manufacturing setup. However, investors must carefully evaluate SME-specific risks, liquidity concerns, and working capital dependence before applying.

This IPO may be suitable for investors looking for long-term growth exposure in the lubricant manufacturing sector.

Disclaimer

This article is for informational and educational purposes only. It does not constitute investment advice or a recommendation to apply for the IPO. Investors should read the Red Herring Prospectus (RHP) carefully and consult their financial advisor before making any investment decision. The stock market involves risk, and past performance does not guarantee future returns.