Archive · 23 Dec 2025
Sundrex Oil IPO Opens for Subscription
Sundrex Oil, a company that makes and sells lubricants and industrial products, is offering shares to the public for the first time.
This is called an IPO.
The IPO started on December 22 and will close on December 24.
The company wants to raise ₹32.25 crore by selling shares at ₹81 to ₹86 each.
People who want to buy shares need to spend at least ₹2.75 lakh.
The money from the IPO will be used to help the company with its daily needs and other company purposes.
The shares will be officially listed on the stock exchange on December 30.
On the first day, the IPO was subscribed 0.41 times, with retail investors showing more interest than non-institutional investors.
Sundrex Oil IPO opened for subscription on December 22 and will close on December 24.
The IPO size is ₹32.25 crore, with shares priced between ₹81 and ₹86 each.
The IPO is a fresh issue of 38 lakh shares, with no offer-for-sale component.
Funds raised will be used for working capital and general corporate purposes.
The IPO has a lot size of 3200 shares, requiring a minimum investment of ₹2.75 lakh for retail investors.
- Who
- Sundrex Oil, a manufacturer and wholesaler of lubricants and industrial products
- What
- Initial public offering (IPO) opening for subscription
- When
- December 22 to December 24, with allotment on December 26 and listing on December 30
- Where
- BSE SME
- Why
- To raise funds for working capital and general corporate purposes
Investor Perspective
Company Perspective
Subscription Demand
Investor Perspective
Investors are cautiously subscribing, with the issue being subscribed 0.41 times on the first day.
Company Perspective
The company aims to raise ₹32.25 crore to meet working capital and general corporate purposes.
- IPO Size
- ₹32.25 crore
- Price Range
- ₹81 to ₹86 per share
- IPO Type
- Fresh issue of 38 lakh shares
- Lot Size
- 3200 shares
- Retail Investment
- Minimum ₹2.75 lakh for retail investors
- Fund Usage
- Working capital and general corporate purposes
- Allotment Date
- December 26
- Listing Date
- December 30 on BSE SME
- GMP
- ₹17, indicating a likely listing price of ₹104 per share
- Company Overview
- Manufacturer and wholesaler of lubricants, greases, and industrial products
Sources
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