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Sundrex Oil IPO
Sundrex Oil IPO is a book-running issue of ₹32.25 crore. The IPO is a totally fresh issue of 37.50 lakh shares. The IPO is opening on December 22, 2025 and closing on December 24, 2025. The lot size for applying for the IPO is 1600 shares. The price band is ₹81-86 per share and the minimum investment for retail investors is ₹1,37,600 [1 lot at the lower price band]. The IPO is proposed to be listed on NSE SME, with a tentative listing date of December 30, 2025.
Company Background
The Sundrex Oil Company Ltd is an oil company that specialises in trading and distribution of oil products. Established in India, where it is registered as a private limited company. Energas Oil has interests mainly in supplies and services based on oil products. The industry-wide standard facilities for (temporary) storage and transport operations are made available to its own customers via the network.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sundrex Oil IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sundrex Oil IPO Details
| Detail | Description |
|---|---|
| IPO Date | 22 to 24 Dec, 2025 |
| Listing Date | — |
| Face Value | ₹10 per share |
| Issue Price Band | ₹81 to ₹86 |
| Lot Size | 1,600 shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,50,400 shares (agg. up to ₹32.25 Cr) |
| Reserved for Market Maker | 1,88,800 shares (agg. up to ₹1.62 Cr) |
| Fresh Issue(Ex Market Maker) | Sunflower Broking Pvt. Ltd. |
| Offer for Sale | - |
| Net Offered to Public | 35,61,600 shares (agg. up to ₹30.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 96,44,752 shares |
| Share Holding Post Issue | 1,33,95,152 shares |
Sundrex Oil IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Dec 22, 2025 |
| IPO Close Date | Wed, Dec 24, 2025 |
| Tentative Allotment | Fri, Dec 26, 2025 |
| Initiation of Refunds | Mon, Dec 29, 2025 |
| Credit of Shares to Demat | Mon, Dec 29, 2025 |
| Tentative Listing Date | Tue, Dec 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 24, 2025 |
Sundrex Oil IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,75,200 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,75,200 |
| S-HNI (Min) | 3 | 4,800 | ₹4,12,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,63,200 |
| B-HNI (Min) | 8 | 12,800 | ₹11,00,800 |
Sundrex Oil IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • The Company has extensive monetisation plans like working capital management, reduction of debt through IPO proceeds and ₹2.58 crore for prepayment of loans.
- • Capital expenditures and general corporate purposes to help it expand as the oil-trading business becomes increasingly competitive are among the aims.
- • Experienced lead managers and registrars like Cameo Corporate Services ensure smooth execution on the NSE SME platform.
Sundrex Oil IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 40.21 | 19.18 | 1.94 | 17.22 | - | 17.13 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 38 | 69 | 5 | 15 | - | 17.38 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 24.15 | 49.19 | 2.57 | 3.96 | - | 13.63 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14.93 | 27.79 | 0.4 | 1.39 | - | 9.8 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.63% |
| ROCE | 27.03% |
| Debt/Equity | 1.14 |
| RoNW | 35.63% |
| PAT Margin | 8.10% |
| EBITDA Margin | 13.68% |
| Price to Book Value | 5.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.04 | |
| P/E (x) | 10.69 |
Conclusion
The Sundrex Oil IPO provides investors with exposure to an oil trading company looking to expand with the help of funds raised from a fresh capital injection. Proceeds will be used to improve operations, for de-leveraging and positioning the company in the market as an efficient provider of power distribution services. This SME IPO mirrors sectoral trends and is supported by transparent use of funds for long-term growth.
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