SUNDREX OIL COMPANY IPO

SUNDREX OIL COMPANY IPO

Investment Snapshot of the Sundrex Oil IPO

Sundrex Oil Company Limited is gearing up for its Initial Public Offering (IPO), inviting investors to be a part of its journey in the lubricants sector. This highly anticipated IPO will be open for subscription from December 22nd to December 24th, 2025. With a fixed price band and a defined lot size, potential investors can assess the opportunity to invest in a company with a strong focus on industrial and automotive lubricants.

Important Dates for Sundrex Oil Company IPO Applicants

• Opening Date: 22 Dec 2025
• Closing Date: 24 Dec 2025
• UPI Payment Deadline: 24 Dec 2025 (5 PM)
• Allotment Announcement: 26 Dec 2025
• Refund Processing: 29 Dec 2025
• Demat Credit: 29 Dec 2025
• Stock Market Listing: 30 Dec 2025
• Mandate Validity End: 09 Jan 2026
• Anchor Investor Lock-in Release (50%): 25 Jan 2026
• Anchor Investor Lock-in Release (Remaining): 26 Mar 2026

*Dates may be revised as per official updates.

Understanding the key dates associated with an IPO is crucial for investors. From the application window to the much-awaited listing day, each date marks an important milestone. Investors should ensure their applications are submitted and UPI mandates are accepted well before the deadlines to avoid any last-minute issues. The allotment finalization date is when applicants discover if they have been allocated shares, followed by the refund initiation for non-allottees and share credit for successful applicants. The listing date on the stock exchange marks the official debut of Sundrex Oil Company shares in the secondary market.

Deep Dive into Sundrex Oil Company Limited

Founded in 2010, Sundrex Oil Company Limited, headquartered in Kolkata, West Bengal, has established itself as a prominent player in the lubricants and allied products sector. The company was promoted by Mr. Mahesh Sonthalia, Mr. Aman Sonthalia, and Mr. Shashank Sonthalia, whose extensive industry experience continues to steer its strategic direction and growth. Sundrex operates as an ISO 9001:2015 certified manufacturer and wholesaler, a testament to its commitment to quality and operational excellence. The company specializes in a comprehensive range of products, including industrial lubricants, automotive lubricants, greases, transformer oils, metalworking fluids, and various other speciality products.

Sundrex primarily caters to the business-to-business (B2B) segment, which accounts for the majority of its revenue, while maintaining a limited presence in the business-to-consumer (B2C) markets. This focused approach allows the company to build strong, long-term relationships with its industrial clients. Beyond its core manufacturing, Sundrex also provides value-added services such as contract manufacturing, toll blending, contract packaging, and private labelling. This diversified business model, combining in-house production with customized client solutions, enhances scalability and strengthens its market position across India and select international markets. The company’s emphasis on quality control, flexible manufacturing capabilities, and a seasoned promoter-led management team underpins its market standing.

Capital Structure and IPO Proceeds

The Sundrex Oil Company IPO is entirely a fresh issue of equity shares, aiming to raise a total of ₹32.25 crore. This means that all the proceeds from the IPO will directly flow into the company’s coffers, earmarked for strategic growth initiatives and strengthening its financial foundation. The absence of an Offer for Sale (OFS) component indicates that existing promoters or shareholders are not selling their stakes, reflecting confidence in the company’s future prospects and ensuring that the capital raised directly benefits the company’s expansion plans.

Strategic Deployment of IPO Funds

The capital raised through the IPO is strategically allocated to support Sundrex Oil Company’s operational efficiency and future growth. A significant portion, approximately 64.71% or ₹20.87 crore, is dedicated to meeting working capital requirements. This crucial allocation will ensure smooth day-to-day operations, manage inventory, and support sales growth. A smaller but important allocation of ₹0.73 crore (2.26%) is for capital expenditure, likely aimed at enhancing manufacturing capabilities or upgrading infrastructure. Furthermore, ₹2.58 crore (8.00%) is set aside for the repayment or pre-payment of certain borrowings, which will help in reducing the company’s debt burden and improving its financial leverage. The remaining ₹8.07 crore (25.03%) is allocated for general corporate purposes, providing the company with flexibility to address various strategic needs, organic growth initiatives, and potential market opportunities.

Core Competencies and Market Advantages

• Certified Quality Assurance: As an ISO 9001:2015 certified manufacturer, Sundrex Oil Company adheres to rigorous quality systems, ensuring consistent product excellence and reliability, which is critical in the competitive lubricants market.
• Extensive Product Portfolio: The company boasts a diversified product range, spanning industrial, automotive, and speciality lubricants. This breadth allows them to cater to a wide array of customer needs and reduces dependence on a single product category.
• Strong B2B Market Penetration: With a predominant focus on the B2B segment, Sundrex secures a stable revenue stream and builds long-term client relationships, vital for sustained growth in the industrial lubricants market.
• Experienced Leadership: The company benefits from a promoter-led management team possessing deep-seated industry experience, providing strategic guidance and fostering strong stakeholder confidence.
• Flexible Manufacturing Solutions: Offering contract manufacturing, toll blending, and private labelling services enables an asset-light growth model, enhancing operational flexibility and facilitating custom solutions for clients.

Key Risks to Consider for Investors

• Customer Concentration Risk: A significant portion of the company’s revenue may be derived from a limited number of customers, making it vulnerable to the loss of these key clients or changes in their purchasing patterns.
• Raw Material Price Volatility: The cost and availability of raw materials, such as base oils and additives, are subject to global commodity price fluctuations, which could impact profit margins if not effectively managed.
• Working Capital Intensity: The nature of the business requires substantial working capital, particularly for inventory management and credit to customers, which could put a strain on cash flows if not optimized.
• Environmental and Regulatory Compliance: Operations in the oil and lubricants sector are subject to stringent environmental regulations and compliance standards, any breach of which could lead to penalties, operational disruptions, or reputational damage.
• Intense Competitive Landscape: Sundrex operates in a highly competitive market against both established large-scale manufacturers and numerous smaller players, which could exert pressure on pricing and market share.

Real-time Subscription Performance

Subscription statistics based on the latest available information:

*Subscription figures are dynamic and reflect interest as of 05:00 PM on December 22, 2025. Exchange data is considered the most reliable indicator of investor interest.

The initial subscription numbers provide an early glimpse into investor sentiment towards the Sundrex Oil Company IPO. As of the stated time, the total issue has been subscribed 0.84 times. Retail individual investors (RIIs) have shown significant interest, subscribing 0.98 times their reserved portion, nearing full subscription. Non-institutional investors (NIIs) have subscribed 0.66 times, while Qualified Institutional Buyers (QIBs) are yet to apply. These figures typically evolve throughout the IPO period, with activity often picking up towards the closing date.

Participate in the Sundrex Oil Company IPO with Dhan Kirti

Considering the detailed company profile, strategic use of funds, identified strengths, and potential risks, the Sundrex Oil Company IPO presents an opportunity for investors looking to participate in the industrial lubricants sector. Dhan Kirti is committed to providing a seamless investment experience. Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes on December 24, 2025. We encourage prospective investors to conduct their own due diligence and consult with a financial advisor before making any investment decisions.