Sundrex Oil IPO

LISTED
SME

BSE • Oil & Petroleum

Issue86
Listed68.8-20%
Now68.8-20.0%
20.0%

*Last updated on 11 Jan 2026

Price Band

₹81 - ₹86

Lot Size

TBA

Issue Size

₹32.25 Cr

GMP

N/A

Subscription

1.53x

Analyzing...

IPO Schedule

1

Open

22 Dec 2025

2

Close

24 Dec 2025

3

Allotment

-

4

Listing

30 Dec 2025

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.

Key Strengths

  • Integrated Operations: Sundrex's vertically integrated business model, from exploration to retail, ensures greater control over the supply chain and reduces vulnerability to market fluctuations.
  • Established Regional Presence: The company has a strong and well-established presence in Western India, a key oil-producing region, providing a stable base for operations and future growth.
  • Experienced Management Team: Sundrex is led by a seasoned management team with extensive experience in the oil and gas industry, ensuring strategic decision-making and efficient execution.
  • Strategic Asset Base: The company owns and operates strategic assets, including oil fields, a refinery, and a retail distribution network, providing a strong foundation for future growth and profitability.
  • Growing Lubricant Business: Sundrex's lubricant manufacturing and distribution business offers a higher-margin revenue stream, diversifying its income and reducing dependence on crude oil prices.

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.

IPO Details

ExchangeBSE
SegmentSME
0
Lot SizeTBA
Issue Size₹32.25 Cr

Key Metrics

Industry P/E20

Subscription

Total0.85x

Documents

Key Dates

Open Date22 Dec 2025
Close Date24 Dec 2025
Listing30 Dec 2025