Kolkata,
December 22, 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,
opened its SME initial public offering (IPO) for subscription today. 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.
About
Sundrex Oil Company Limited
Sundrex
Oil Company Limited, incorporated in 2010, is a manufacturer and wholesaler of
industrial and automotive lubricants, greases, and specialty oils, catering
primarily to B2B customers across infrastructure, manufacturing, automotive,
and public sector undertakings (PSUs) in India.
The
company offers a comprehensive product portfolio including industrial
lubricants, white oils (LLP), metalworking fluids, greases, transformer oils,
and automotive lubricants, supported by in-house R&D, quality assurance,
and ISO 9001:2015 certified manufacturing facilities. Sundrex Oil also
undertakes contract manufacturing, toll blending, and private labelling for
leading industrial clients.
With
a strong PSU and tender-driven business model, a growing pan-India footprint,
and exports to Bangladesh, Nepal, Bhutan and the UAE. Sundrex Oil is focused on
scalable growth, operational excellence, and sustainability-led innovation
through its green subsidiary aligned with India’s Extended Producer
Responsibility (EPR) framework.
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