Sundrex Oil Company
December 22, 2025 – December 24, 2025
| Price | ₹81 - ₹86 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1600 |
| Issue size | ₹32.25 cr |
| Allotment | Dec 26, 2025 |
| Listing | Dec 30, 2025 |
Sundrex Oil Company Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 275200 | 653 |
| sHNI | 3 | 4800 | 412800 | 97 |
| bHNI | 8 | 12800 | 1100800 | 194 |
Sundrex Oil Company Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 75200 | 2.01% |
| HNI | 1396800 | 37.24% |
| INDIVIDUAL | 2089600 | 55.72% |
| Market Maker | 188800 | 5.03% |
| Total | 3750400 | 100% |
Sundrex Oil Company About
IPO Details
| Total Issue Size | 37,50,400 shares (aggregating up to ₹32.25 Cr) |
| Fresh Issue | 37,50,400 shares (aggregating up to ₹32.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 96,44,752 shares |
| Share Holding Post Issue | 1,33,95,152 shares |
| Reserved for Market Maker | 1,88,800 shares (aggregating up to ₹1.62 Cr) |
| Market Maker | Sunflower Broking Pvt.Ltd. |
Key Performance Indicators (KPI)
| KPI | Jun-25 | Fiscal-25 | Fiscal-24 | Fiscal-23 |
|---|---|---|---|---|
| ROE | 11.27% | 35.63% | 64.83% | 28.68% |
| ROCE | 8.78% | 27.03% | 27.91% | 13.28% |
| Debt/ Equity | 0.99 | 1.14 | 3.43 | 7.04 |
Company Financial (In ₹Crore)
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 40.21 | 38.43 | 24.15 | 14.93 |
| Total Income | 19.18 | 69.12 | 49.19 | 27.79 |
| Profit After Tax | 1.94 | 5.44 | 2.57 | 0.4 |
| EBITDA | 3.11 | 9.19 | 5.13 | 1.99 |
| NET Worth | 17.22 | 15.28 | 3.96 | 1.39 |
| Reserves and Surplus | 7.57 | 5.63 | 2.97 | 0.41 |
| Total Borrowing | 17.13 | 17.38 | 13.63 | 9.8 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Sundrex Oil Company Limited | 10.69 | 86.00 | 10.00 |
| Arabian Petroleum Limited | 8.12 | 73.60 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Sundrex Oil Company Limited | 17.86 | 45.08 | 8.04 |
| Arabian Petroleum Limited | 53.43 | 15.68 | 9.06 |
About Company
Incorporated in 2010, Sundrex Oil Company Limited is engaged in the manufacturing and wholesale supply of high-performance industrial and automotive lubricants, greases, and specialty products, catering to customers in India and nearby markets.
The company offers a diversified product range covering industrial lubricants, automotive lubricants, and specialty oils. In addition to its own branded products, Sundrex also undertakes contract manufacturing, including toll blending and contract packaging services.
Further, the company provides labeling solutions, enabling clients to market and distribute premium lubricant products under their own brand names.
Product Portfolio includes: Hydraulic Oil, Gear Oil, Multigrade and Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, and Refrigeration Oil.
Strength
In-House Manufacturing & Quality Control: Operates a well-equipped in-house plant with strong production capacity and advanced laboratory facilities, ensuring consistent quality and offering significant headroom to scale operations as demand grows.
Strategic Location Advantage: The manufacturing facility in Howrah, West Bengal provides excellent connectivity to major transport networks, industrial hubs, and ports, enabling efficient logistics and faster market reach.
Strong Export Potential: Proximity to Haldia and Kolkata ports, along with road access to neighboring countries, supports cost-effective exports to Southeast Asia, the Middle East, and regional markets.
Weakness
Customer Concentration Risk: A significant portion of revenue is derived from a limited number of key customers. Loss of, or reduced orders from, any major customer could materially impact revenues and operating results.
Dependence on Key Suppliers for Raw Materials: The business relies on a limited set of suppliers for uninterrupted raw material supply. Any disruption, price increase, or availability issue may adversely affect production, pricing, and overall operations.
Raw Material Price & Currency Volatility: Base oil, the primary raw material, is linked to international indices and exchange rates. Currency depreciation or global price fluctuations can increase input costs, pressure margins, and affect cost planning.
Sundrex Oil Company Lead Manager(s)
Sundrex Oil Company Address
16 India Exchange Place
3rd Floor,
Room No.- 14
Kolkata, West Bengal, 700001
Phone: +91 8335073185
Email: cs@sundrex.co
Website: http://www.sundrex.com/
Sundrex Oil Company Registrar
Sundrex Oil Company Reviewers
| Reviewer | Recommendation | File |
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