Sundrex Oil Gears Up for IPO with INR 32.25 Crore Target

Sundrex Oil Company Limited, established in 2010, sets its sights on raising INR 32.25 crore through its initial public offering (IPO). The offering includes 37,50,400 new shares, with a price band of Rs 81-86 each, and will fund working capital and growth initiatives. The IPO opens on December 22, 2025.

Sundrex Oil Company Limited, a prominent manufacturer and wholesaler of industrial and automotive lubricants, is poised for a significant milestone with its upcoming initial public offering (IPO) aimed at raising INR 32.25 crore. Founded in 2010, the company plans to issue 37,50,400 new shares set between Rs 81 and Rs 86 each.

With subscription opening on December 22, 2025, and closing two days later, the shares will make their debut on the NSE Emerge by December 30, 2025. The proceeds will fund diverse initiatives, including working capital and strategic expansions, as Affinity Global Capital Market Pvt. Ltd. leads the book-running.

Chairman & Managing Director Mr. Mahesh Sonthalia underscores Sundrex Oil's commitment to operational excellence and sustainable growth. The company's revenue surged by 41% in the last fiscal year, highlighting the robust performance backing its IPO plans. Key roles are held by seasoned professionals ensuring strong governance and strategic oversight.

(With inputs from agencies.)