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Sundrex Oil IPO
Price Band
₹81.0–86.0
Issue Size
₹32.24 Cr
Lot Size
1,600 shares
Min Investment
₹275,200
2 LOTS MIN
GMP
—
Issue Price
₹86.0
Sundrex Oil IPO AI Summary
- Sundrex Oil IPO is listed on NSE SME in the Lubricants sector.
- Price band: ₹81.0–₹86.0 per share, lot size 1,600 shares (min. investment ₹275,200, 2 lots minimum).
- Subscription window: 22 Dec–24 Dec 2025, listing on 30 Dec 2025.
Sundrex Oil Company Limited is a manufacturer of lubricants with a diverse product range. The company is seeking to raise ₹32.24 Cr through its IPO, with proceeds aimed at working capital, capital expenditure, and loan repayments. Investors should consider the company's financial performance and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sundrex Oil IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sundrex Oil IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2010, Sundrex Oil Company Limited is a manufacturer and wholesaler of high-performance industrial and automotive lubricants, greases, and specialty products serving industries in India and neighboring countries. The company's product portfolio includes industrial lubricants, automotive lubricants, and specialty products. The company makes products under its brand and provides contract manufacturing services. These services include toll blending and contract packaging. The company provides labeling services. This allows businesses to market and sell high-quality products with their brand name. Product Portfolio: Hydraulic Oil, Gear Oil, Multigrade & Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, Refrigeration Oil. As on June 30, 2025, the company employed 73 employees at various departments. 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 Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| 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 | 0.40 |
| 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 | 9.80 |
Key Ratios
EPS
₹8.04
NAV
₹15.84
ROE
35.63%
ROCE
27.03%
RoNW
35.63%
P/B Value
5.43
P/E Ratio
10.69
Market Cap
₹115.20 Cr
PAT Margin
8.10%
Debt/Equity
1.14
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Arabian Petroleum Limited | 49.31 | 15.68% | 8.12 | 9.06 | 9.06 |
| Sundrex Oil Company Limited This IPO | 22.79 | 45.08% | 10.69 | 8.04 | 8.04 |
Promoters
Mahesh Sonthalia, Shashank Sonthalia and Aman Sonthalia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital Expenses 20.87 2 To meet capital expenditure 0.73 3 General Corporate Purposes 4.52 4 Prepayment and repayment of all or a portion of certain secured and unsecured loan 2.58 5 Issue Expenses 3.55 Total 32.25
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹27.79 Cr in the year ending 31 Mar 2023, rising to ₹49.19 Cr by 31 Mar 2024, and further increasing to ₹69.12 Cr by 31 Mar 2025. However, in the most recent period ending 30 Jun 2025, total income dropped to ₹19.18 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.40 Cr in the year ending 31 Mar 2023, increasing to ₹2.57 Cr by 31 Mar 2024, and further rising to ₹5.44 Cr by 31 Mar 2025. In the latest period ending 30 Jun 2025, profit after tax decreased to ₹1.94 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹86.0, Sundrex Oil has an implied P/E ratio of 10.69 based on its earnings per share (EPS) of ₹8.04. This is compared to peers, such as Arabian Petroleum Limited, which has a P/E ratio of 8.12.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected demand for the IPO and can reflect the potential listing price based on supply and demand dynamics among investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on December 22, 2025, and closes on December 24, 2025. Allotment of shares is expected on December 26, 2025, with the listing date set for December 30, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, there are risks involved, as market conditions can lead to fluctuations in share prices, and there is no guarantee of immediate gains.
This evaluation is generated from Sundrex Oil's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Sundrex Oil IPO?
The price band of Sundrex Oil IPO is ₹81.0–₹86.0 per share.
When does Sundrex Oil IPO open and close?
Sundrex Oil IPO opens on 22 December 2025 and closes on 24 December 2025.
When does Sundrex Oil IPO list on the stock exchange?
Sundrex Oil IPO listed on 30 December 2025 at ₹86.0.
What is the lot size for Sundrex Oil IPO?
The lot size for Sundrex Oil IPO is 1600 shares, requiring a minimum investment of ₹275,200 (2 lots).
What is the price band for the Sundrex Oil IPO?
The price band for the Sundrex Oil IPO is ₹81.0 to ₹86.0.
What is the minimum investment required?
The minimum investment required is ₹275,200.
What is the lot size for the IPO?
The lot size for the Sundrex Oil IPO is 1600 shares.
When is the listing date for the IPO?
The listing date for the Sundrex Oil IPO is December 30, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares are likely to list compared to the IPO price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Dec 2025
Close
24 Dec 2025
Allotment
26 Dec 2025
Listing
30 Dec 2025
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