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SOCL · NSE · Lubricants Manufacturing
Sundrex Oil IPO listed on 30 Dec 2025 on NSE at ₹68.80, a loss of 20.00% over the issue price of ₹86.00. The IPO was subscribed 2.70x overall.
Sundrex Oil IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 22 Dec 2025 |
| IPO Close Date | 24 Dec 2025 |
| Basis of Allotment | 26 Dec 2025 |
| Initiation of Refunds | 29 Dec 2025 |
| Credit of Shares to Demat | 29 Dec 2025 |
| Listing Date | 30 Dec 2025 |
Listing day gain
-20%
Listed at ₹68.8 (issue ₹86)
Issue
₹86
Listing
₹68.8
Current
₹65.4
-23.95% vs issue
Day range
₹65.4 – ₹68.8
Issue Size
3,750,400 shares
(aggregating up to ₹32.25 Cr)
Issue Price
₹81 – ₹86
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹275,200
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
[.]
Offer for Sale
[.]
Reserved for Market Maker
188,800 shares
(aggregating up to ₹1.62 Cr)
Issue Type
book building
Open Date
22 Dec
Close Date
24 Dec
Allotment
26 Dec
Listing
30 Dec
Last updated: 9 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 31 Dec 2025 Latest | ₹86 | ₹0 | ₹86 | ₹0 |
0%
|
12:00 PM |
| 30 Dec 2025 | ₹86 | ₹0 | ₹86 | ₹0 |
0%
|
12:00 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 05 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1x | - |
| NII | 1.15x | - |
| bNII (bids above ₹10L) | 1.17x | - |
| sNII (bids below ₹10L) | 1.1x | - |
| Retail Investors | 1.9x | - |
| Individual Investors | - | 1,241 |
| Total | 2.7x | 1,241 |
Showing the latest subscription snapshot.
View full subscription historyThe Promoters of the company are Mr. Mahesh Sonthalia, Mr. Shashank Sonthalia, and Mr. Aman Sonthalia.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹275,200 |
| Retail (Max) | 2 | 3,200 | ₹275,200 |
| S-HNI (Min) | 3 | 4,800 | ₹412,800 |
| S-HNI (Max) | 7 | 11,200 | ₹963,200 |
| B-HNI (Min) | 8 | 12,800 | ₹1,100,800 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 188,800 (5.03%) |
| QIB Shares Offered | 75,200 (2.01%) |
| NII (HNI) Shares Offered | 1,396,800 (37.24%) |
|
•
bNII > ₹10L
|
931,200 (24.83%) |
|
•
sNII < ₹10L
|
465,600 (12.41%) |
| Retail Shares Offered | 2,089,600 (55.72%) |
| Total Shares Offered | 3,750,400 (100.00%) |
Sundrex Oil Company Limited is an ISO 9001:2015 certified manufacturer and wholesaler of high-performance lubricants, greases, and specialty oil products, serving primarily B2B clients (99% revenue) in India and exporting to Nepal, Bhutan, Bangladesh, and UAE. The company offers contract manufacturing, toll blending, private labeling, and supplies to PSUs/government via the GeM portal. It operates in-house plants in Howrah (West Bengal) with capacities for white oils (100 KL/day), lubricants (60 KL/day), and greases (9 MT/day), supported by subsidiaries for oil re-refining and distribution.
Growth Highlights: Revenue from operations grew from ₹2,749 lakhs (FY2023) to ₹4,831 lakhs (FY2024) and ₹6,720 lakhs (FY2025), with PAT rising to ₹544 lakhs in FY2025. Customer base expanded to 532, with increased GeM orders and new product development.
Key Strengths: In-house manufacturing and quality lab (NABL-calibrated), diverse portfolio (420+ products), strategic location near refineries/ports, experienced promoter team (40+ years in lubricants), efficient inventory/cost management, vertical integration via subsidiaries, and strong compliance (BIS, EPR, Schedule M for pharma-grade products).
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 27.79 | 49.19 | 69.12 |
| Profit After Tax (PAT) | 0.4 | 2.57 | 5.44 |
| EBITDA | 1.99 | 5.13 | 9.19 |
| Total Assets | 14.93 | - | 38.43 |
| Net Worth | 1.39 | 3.96 | 15.28 |
| Reserves & Surplus | 0.41 | 2.97 | 5.63 |
| Total Borrowing | 9.8 | 13.63 | 17.38 |
Revenue & Profit Trend
The basis of allotment for Sundrex Oil IPO was finalised on 26 Dec 2025. You can check your allotment status using your PAN number or application number on the Cameo Corporate Services Ltd. portal or BSE.
The Sundrex Oil IPO is expected to open in Dec 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Sundrex Oil IPO is ₹81.00 - ₹86.00 per share.
As per market sources, Sundrex Oil IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Sundrex Oil IPO stands at 2.70x overall.
The listing date for Sundrex Oil IPO is 30 Dec 2025.
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