Sundrex Oil IPO
Sundrex Oil Company Limited IPO
Sundrex Oil IPO IPO, a SME IPO opens for subscription soon. The price band is set between ₹81 –86 , with a face value of ₹10 . Retail investors can apply with a minimum of 1 lot, each comprising 1,600 shares — amounting to ₹137,600 at the upper price. The tentative listing date on the exchange (NSE) is December 30, 2025.
Stay tuned for more on Sundrex Oil IPO including business overview, financial performance, live subscription by category, allotment links, daily grey market premium (GMP), and listing performance. This information is for education only—GMP is indicative, not advice.
Sundrex Oil IPO SME IPO Important Dates
Get important updates regarding Sundrex Oil IPO SME IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| 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 | ₹137,600 |
| Listing At | NSE |
| Sale Type | fresh issue |
| Reserved for Market Maker | ₹1.62 Cr |
| Issue Type | book building |
Sundrex Oil IPO Grey Market Premium (GMP) - Current & Historical Rates
Subscription (Latest Snapshot)
View Detailed SubscriptionNo snapshot available yet.
Registrar
- Registrar
- Cameo Corporate Services Ltd.
- Registrar Phone
- +91 44 2846 0390 (alternate: 044-4002 0700)
- Registrar Email
- investor@cameoindia.com
- Registrar Address
- Subramanian Building, No. 1, Club House Road, Chennai – 600 002, Tamil Nadu, India
Sundrex Oil IPO Investment Limits
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹137,600 |
| Retail (Max) | 1 | 1,600 | ₹137,600 |
| S-HNI (Min) | 2 | 3,200 | ₹275,200 |
| S-HNI (Max) | 7 | 11,200 | ₹963,200 |
| B-HNI (Min) | 8 | 12,800 | ₹1,100,800 |
Promoter Holding
The Promoters of the company are Mr. Mahesh Sonthalia, Mr. Shashank Sonthalia, and Mr. Aman Sonthalia.
IPO Reservation
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 188,800 (5.03%) | NA |
| QIB Shares Offered | 75,200 (2.01%) | NA |
| NII (HNI) Shares Offered | 1,396,800 (37.24%) | NA |
|
•
bNII > ₹10L
|
931,200 (24.83%) | NA |
|
•
sNII < ₹10L
|
465,600 (12.41%) | NA |
| Retail Shares Offered | 2,089,600 (55.72%) | NA |
| Total Shares Offered | 3,750,400 (100.00%) | — |
Company Overview
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).
- Founded In
- 2010
- Managing Director
- Mr. Mahesh Sonthalia
- Headquarters
- Registered Address: 16, India Exchange Place, 3rd Floor, Room No. 14, Kolkata – 700001, West Bengal, India Corporate Office: 33/1, Netaji Subhas Road, Marshall House, 8th Floor, Room No. 846, Kolkata, West Bengal – 700001, India
- Website
- www.sundrex.com
- Industry
- Lubricants Manufacturing
Financials
| Year | Revenue (₹ Cr) | Profit (₹ Cr) | Net Worth (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2025 | 69.12 | — | 15.28 | 38.43 |
| 2024 | 49.19 | 24.15 | 3.96 | — |
| 2023 | 27.79 | — | 1.39 | 14.93 |
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