Sundrex Oil Company Prepares for Landmark IPO

Sundrex Oil Company Limited, established in 2010, is launching its initial public offering (IPO) to raise INR 32.25 crores. The company, known for industrial and automotive lubricants, plans to use the funds for expanding its operations and improving its financial standing. The IPO marks a major milestone for the firm.

Mumbai, Maharashtra: Sundrex Oil Company Limited, established in 2010, announced its intention to launch an initial public offering (IPO) to raise INR 32.25 crores. The company, a manufacturer and wholesaler of industrial and automotive lubricants, aims to issue 37,50,400 lakh new shares between Rs 81 and Rs 86 per share. The shares will open for subscription on December 22 and close on December 24, 2025, listing on NSE Emerge on December 30.

Proceeds from the IPO will fund working capital, capital expenditure, and debt repayments. Mr Mahesh Sonthalia, Chairman & Managing Director, highlighted the company's focus on strengthening operations and sustainable growth. He expressed confidence that the IPO would enable Sundrex Oil to deliver high-quality products while expanding its market presence.

The IPO allocates 2.07% for QIB, 58.72% for individual investors, and 39.22% for NIIs. Individuals must apply for a minimum of Rs 1798.43 lakh, and HNIs must bid at least Rs 1264.54 lakh. Sundrex Oil reported a 41% revenue increase to ₹69.12 crore and a 112% PAT rise for the fiscal year ending March 31, 2025.

(With inputs from agencies.)