Sundrex Oil IPO Subscription Day 1

Here, the Sundrex Oil IPO launched on 22nd December 2025. Bidding for the issue will close today, 30th December 2025. The primary aim of the Sundrex Oil IPO is to raise ₹32.25 crores from the market. Also, the Sundrex Oil IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Sundrex Oil IPO subscription and details. 

Sundrex Oil IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹98 per share, and a total of 1,84,89,584 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

Sundrex Oil IPO Subscription Status

As of now, the Sundrex Oil IPO has been subscribed to 0.23 times. Of these, 0.34 times are subscribed by retail investors, 0.06 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Sundrex Oil’ IPO listing on 30th December 2025. Sundrex Oil also has a positive outlook behind the fresh issue of 0.38 crore shares, which will raise around Rs 32.25 crores.

Sundrex Oil IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Sundrex Oil IPO GMP for 22 nd December 2025. 

The grey market premium for this IPO has surged to 19.77% or Rs 17.00 per share. It indicates that the estimated listing price per share is Rs 103.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About Sundrex Oil Ltd.

Sundrex Oil was established in 2010. Sundrex Oil Company Limited is a manufacturer and wholesaler of high-performance industrial and automotive lubricants, greases, and speciality products serving industries in India and neighbouring countries. The company’s product portfolio includes industrial lubricants, automotive lubricants, and speciality products. The company makes products under its brand and provides contract manufacturing services. These services include toll blending and contract packaging. The company offers labelling services. This allows businesses to market and sell high-quality products with their brand name. Product Portfolio: Hydraulic Oil, Gear Oil, Multigrade & Monograde Diesel Engine Oil, Transformer Oil, Rust Preventive Oil, Refrigeration Oil. As of June 30, 2025, the company employed 73 employees in various departments.

Sundrex Oil Limited Financials

The company’s financial analysis is essential before applying for the Sundrex Oil IPO. Look at the table to learn about Sundrex Oil Limited’s financials. 

Explanation

Sundrex Oil Limited’s revenue increased by 41% from ₹49.19 crores in March 2024  to ₹69.12 crores in March 2025. Moreover, the company’s PAT increased by 112% from ₹2.57 crores in March 2024 to ₹5.44 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Sundrex Oil IPO.

Sundrex Oil IPO Listing Expectations

Sundrex Oil IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 19.77% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 103.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Sundrex Oil IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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