Kolkata, December 21, 2025: Sundrex Oil Company Limited, a manufacturer and wholesaler of industrial and automotive lubricants, greases, and specialty products, will open its ₹32.25 crore SME IPO for public subscription on December 22, 2025. The issue will remain open until December 24, 2025.
The IPO consists of a fresh issue of 37,50,400 equity shares priced in the range of ₹81 to ₹86 per share. Affinity Global Capital Market Pvt. Ltd. is the book-running lead manager, while Cameo Corporate Services Ltd. is the registrar to the issue.
For FY25, the company reported revenue of ₹69.12 crore, reflecting a 41% year-on-year growth. Profit after tax grew by 112% during the same period, driven by operational efficiencies and business scale-up.
Proceeds from the issue will be used to meet working capital requirements, fund capital expenditure, repay or prepay borrowings, and for general corporate purposes. Sundrex Oil serves industrial, automotive, and PSU customers across India and neighbouring markets through its manufacturing-led business model.
