Sundrex Oil IPO Subscription Day 2

Posted by : sachet | Tue Dec 23 2025

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.

Table of Contents

Sundrex Oil IPO Details

IPO Open Date	22nd December 2025
Face Value	₹10 per share
Price Band	₹81 to ₹86 per share
Lot Size	1,600 Shares
Issue Type	Bookbuilding Issue
Listing At	NSE & SME
IPO Close Date	24th December 2025
Listing Date	30th December 2025

The price band for Riddhi Display Equipment’s IPO has been set at ₹81 to ₹86 per share, and a total of 37,50,400 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	1,88,800	5.03%
QIB shares offered	75,200	47.42%
NII (HNI) Shares Offered	13,96,800	14.27%
Retail Shares Offered	20,89,600	33.27%
Total Shares Offered	37,50,400	100.00%

Sundrex Oil IPO Subscription Status

As of now, the Sundrex Oil IPO has been subscribed to 0.94 times. Of these, 1.17 times are subscribed by retail investors, 0.59 times by non-institutional investors, and 1.00 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 23rd December 2025.

The grey market premium for this IPO has surged to 3.49% or Rs 3.00 per share. It indicates that the estimated listing price per share is Rs 89.00. 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.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
23-12-2025	₹86.00	₹3.00	₹89.00	3.49%
22-12-2025	₹86.00	₹3.00	₹89.00	3.49%
21-12-2025	₹86.00	₹17.00	₹103.00	19.77%
20-12-2025	₹86.00	₹0.00	₹86.00	0.00%
19-12-2025	₹86.00	₹0.00	₹86.00	0.00%
18-12-2025	₹86.00	₹0.00	₹86.00	0.00%
17-12-2025	₹86.00	₹0.00	₹86.00	0.00%
16-12-2025	₹86.00	₹0.00	₹86.00	0.00%
15-12-2025	₹86.00	₹0.00	₹86.00	0.00%

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.

Year Ended	30th June 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024	31st March 2023
Assets	40.21	38.43	24.15	14.93
Revenue	19.18	69.12	49.19	27.79
Profit After Tax	1.94	5.44	2.57	0.40
EBITDA	3.11	9.19	5.13	1.99
Net Worth	17.22	15.28	3.96	1.39
Reserves and Surplus	7.57	5.63	2.97	0.41
Total Borrowings	17.13	17.38	13.63	9.80

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.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	10.69
EPS (Earnings Per Share)	8.04
RoNW	35.63%
ROCE	27.03%
ROE	35.63%
EBITDA Margin	13.68%
Price to Book Value	5.43
Market Capitalisation	₹115.20 Cr

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 3.49% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 89.

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

IPO Open Date	22nd December 2025
IPO Close Date	24th December 2025
Allotment	26th December 2025
Refund Date	29th December 2025
IPO Listing Date	30th December 2025

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