Sundrex Oil IPO

BSELot: 0

LISTEDSME
Issue Price86
Listing68.8
Current68.8
Price Band
81 - ₹86
Lot Size
0
Issue Size
₹32.25 Cr
GMP
0
Subscription
0.85x

IPO Schedule

1
Open
22 Dec
2
Close
24 Dec
3
Allotment
-
4
Listing
30 Dec

About Sundrex Oil

Sundrex Oil Company Limited operates across the entire oil and gas value chain. Their core business involves upstream activities such as exploration and production of crude oil and natural gas from both onshore and offshore fields. Downstream, they operate a medium-sized refinery producing gasoline, diesel, and other petroleum products. Sundrex also manufactures and markets a range of lubricants for automotive and industrial applications, distributed through their company-owned and franchised retail network. A key competitive advantage lies in their strategically located refinery and vertically integrated operations, which allow them to control costs and optimize margins.

Subscription Status

QIB
0.00x
NII
0.66x
Retail
1.00x
CategoryDay 3Day 2Day 1
QIB1.00x1.00x0.00x
NII1.01x0.73x0.66x
Retail1.90x1.45x1.00x
Total1.53x1.16x0.85x

Risk Factors

Price Volatility: The oil and gas industry is inherently subject to price volatility, which can significantly impact Sundrex's revenues and profitability.
Regulatory Changes: Changes in environmental regulations and government policies regarding the oil and gas sector could increase compliance costs and restrict operations.
Exploration and Production Risks: Exploration and production activities are subject to inherent risks, including unsuccessful drilling and fluctuating production rates, which can affect revenue.
Competition: The oil and gas industry is highly competitive, and Sundrex faces competition from larger, more established players with greater resources.