Sundrex Oil Company Limited gears up for ₹32.25-Cr SME IPO opening
December 22, 2025; price band fixed at Rs. 81–86 per share
Kolkata, December 21, 2025: Sundrex Oil Company Limited, manufacturer and
wholesaler of high-performance industrial and automotive lubricants, greases,
and specialty products serving industries in India and neighboring countries, is all set to open
its SME initial public offering (IPO) for subscription tomorrow, December 22,
2025. The issue will close on December 24, 2025.
The IPO comprises a
fresh issue of 37,50,400 equity shares at a price band of Rs. 81 to Rs. 86 per
share, aggregating to Rs. 32.25 crore. Affinity Global Capital Market Pvt. Ltd.
is the book running lead manager to the issue, while Cameo Corporate Services
Ltd. is acting as the registrar.
For the financial
year ended March 31, 2025, Sundrex Oil Company Limited reported total revenue
of Rs. 69.12 crore, registering a 41% year-on-year increase. Profit after tax
for the same period grew by 112% compared to the previous financial year,
reflecting improved operational performance and scale.
Commenting on the opening
of the public issue, Mr. Mahesh Sonthalia, Chairman & Managing Director,
Sundrex Oil Company Limited, said, “Opening our IPO marks a significant
milestone in Sundrex Oil’s journey as a manufacturing-led B2B enterprise. The
public issue will support our efforts to strengthen operations, enhance balance
sheet efficiency, and pursue sustainable growth while continuing to serve
industrial and PSU customers with a strong focus on quality and compliance.”
As per the issue
structure, 2.11% of the net issue is allocated to Qualified Institutional
Buyers, 58.67% to individual investors applying for the minimum application
size, and 39.22% to the Non-Institutional Investor segment. The market maker
portion consists of 1,88,800 shares.
The proceeds from
the IPO will be utilised towards funding working capital requirements, capital
expenditure, prepayment or repayment of secured or unsecured loans, general
corporate purposes, and issue-related expenses.
Sundrex Oil Company
Limited is engaged in the manufacturing and wholesale of industrial lubricants,
automotive lubricants, greases, and specialty products. The company operates a
manufacturing-led business model and also undertakes contract manufacturing,
toll blending, and private labelling services for industrial clients.
Sundrex Oil Company Limited is promoted by
Mr. Mahesh Sonthalia, Mr. Shashank Sonthalia and Mr. Aman Sonthalia, who
collectively bring extensive experience across strategy, operations and
financial management in the lubricants and industrial products sector. The
leadership team is supported by seasoned professionals and independent
directors, ensuring strong governance and operational discipline as the company
enters its next phase of growth.
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