Sundrex Oil Company Limited is engaged in the manufacturing and wholesale of high-performance industrial and automotive lubricants, greases, and specialty oil products. The company caters to customers across India and select neighboring markets, serving a wide range of industrial and automotive applications.
The company operates both as a branded product manufacturer and a contract manufacturing partner. In addition to selling products under its own brand, Sundrex Oil Company Limited provides:
- Toll blending services
- Contract packaging services
- Private labeling solutions, enabling clients to market lubricant products under their own brand names
The company offers a comprehensive range of lubricants and specialty oils, including hydraulic oil, gear oil, multigrade and monograde diesel engine oil, transformer oil, rust preventive oil, and refrigeration oil.
As on June 30, 2025, the company employed 73 personnel across manufacturing, quality control, operations, sales, and administrative functions, supporting its end-to-end business activities.
Sundrex Oil Company IPO – Details
| IPO Opening Date | 22 December 2025 |
| IPO Closing Date | 24 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 37,50,400 Shares Worth ₹32.25 Crore Fresh Issue: 37,50,400 Shares Worth ₹32.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 – ₹86 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 2.11% |
| NII Shares Offered | 39.23% |
| Retail Shares Offered | 58.66% |
Sundrex Oil Company IPO – Date Schedule
| IPO Open Date | 22 December 2025 |
| IPO Close Date | 24 December 2025 |
| Basis of Allotment | 26 December 2025 |
| Initiation of Refund | 29 December 2025 |
| Credit of Shares to Demat | 29 December 2025 |
| IPO Listing Date | 30 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 24, 2025 |
Sundrex Oil Company IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,75,200 |
| Retail (Max) | 2 | 3,200 | ₹2,75,200 |
| S-HNI (Min) | 3 | 4,800 | ₹4,12,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,63,200 |
| B-HNI (Min) | 8 | 12,800 | ₹11,00,800 |
Competitive Strength
- In-House Manufacturing & State-of-the-Art Quality Control.
- Strategic Location Advantage.
- Direct Sales Model & Diversified Client Base.
- Experienced Management & Skilled Workforce.
- Overall Logistical Efficiency.
- Cost Leadership Through Operational Efficiency.
- Focus on Vertical Integration and Product Line Expansion.
Company Promoters
- Mr. Mahesh Sonthalia
- Mr. Shashank Sonthalia
- Mr. Aman Sonthalia
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹27.79 Cr | ₹27.24 Cr | ₹0.40 Cr | ₹9.80 Cr |
| 31 March 2024 | ₹49.19 Cr | ₹45.74 Cr | ₹2.57 Cr | ₹13.63 Cr |
| 31 March 2025 | ₹69.12 Cr | ₹62.07 Cr | ₹5.44 Cr | ₹17.38 Cr |
| 30 June 2025 | ₹19.18 Cr | ₹16.61 Cr | ₹1.94 Cr | ₹17.13 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.63% |
| ROCE | 27.03% |
| Debt/Equity | 1.14 |
| RoNW | 35.63% |
| PAT Margin | 8.10% |
| EBITDA Margin | 13.68% |
| Price to Book Value | 5.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.04 | – |
| P/E (x) | 10.69 | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet working capital Expenses. | ₹20.87 |
| To meet Capital Expenditure. | ₹0.73 |
| General Corporate Purposes. | – |
| To meet the offer-related expenses. | |
| Prepayment and repayment of all or a portion of certain secured and unsecured loans. | ₹2.58 |
✅Strengths
- Diversified range of industrial & automotive lubricants.
- Own brand + contract manufacturing (toll blending & private labeling).
- Ability to offer customized formulations and packaging.
- Experienced promoters with industry knowledge.
- Established customer base across multiple sectors.
⚠️Risks
- Margin impact due to volatility in crude oil–linked raw materials.
- Intense competition from large domestic & global lubricant players.
- Dependence on key customers for a portion of revenue.
- Regulatory and environmental compliance requirements.
- Geographic concentration of operations.
Sundrex Oil Company IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Sundrex Oil Company IPO Prospectus
Company Contact Information
| Sundrex Oil Co.Ltd. 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 IPO Registrar
| Cameo Corporate Services Limited Tel: +91 44 2846 0390 E-mail: investor@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
Sundrex Oil Company IPO Lead Manager(s)
| 1. Affinity Global Capital Market Private Limited |
Sundrex Oil Company IPO FAQ
| What is the Sundrex Oil Company IPO? Sundrex Oil Company IPO is an SME IPO. The issue is priced at ₹81 – ₹86 per equity share. The IPO is to be listed on NSE SME. |
| When will Sundrex Oil Company IPO open? The IPO is to open on 22 December 2025 for QIB, NII, and Retail Investors. |
| What is Sundrex Oil Company IPO Investors’ Portion? The investors’ portion for QIB – 2.11%, NII – 39.23%, and Retail – 58.66%. |
| What is the Sundrex Oil Company IPO Size? Sundrex Oil Company IPO size is ₹32.25 Crore. |
| What are the Sundrex Oil Company IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,75,200, while the maximum bid is 3200 Shares for ₹2,75,200. |
| What is the Sundrex Oil Company IPO Allotment Date? Sundrex Oil Company IPO allotment date is 26 December 2025. |
| What is the Sundrex Oil Company IPO Listing Date? Sundrex Oil Company IPO listing date is 30 December 2025. The IPO is to be listed on the NSE SME. |
