Sundrex Oil IPO GMP

December 24, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Sundrex Oil IPO opens for subscription from December 22 to 24, 2025, with listing on BSE SME on December 30, 2025. The fresh issue raises ₹45.20 crore through shares at a price band of ₹92 – ₹97 per share. Sundrex Oil manufactures base oils, lubricants, and specialty petroleum products for industrial and automotive applications, with strong domestic and export presence. The Sundrex Oil IPO offers exposure to India’s growing energy and lubricant sector amid infrastructure development.

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Latest IPO GMP

Last updated on 29 Dec 2025 20.01

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IPO Offer Price

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Listing Price

Listing Date 30/12/2025

Expert Opinions

Market sentiment for Sundrex Oil IPO shows measured optimism, reflecting robust 41% revenue growth to ₹69.12 crore and 112% PAT increase to ₹5.44 crore in FY 2025 amid stable lubricant demand. Company strengths encompass in-house manufacturing of industrial/automotive lubricants and specialty products, strategic location advantages, diverse clientele including PSUs, and a direct B2B sales model with contract manufacturing capabilities. Risks include crude oil price fluctuations, geographic revenue concentration, raw material volatility, and competitive pressures in the fragmented oils segment.

Valuation analysis of Sundrex Oil IPO in 2025 highlights a Return on Equity (ROE) of 35.63%, ROCE of 27.03%, and Net Asset Value (NAV) of ₹15.84, with P/E of 10.59x appearing attractive relative to peers. Long-term investment perspective supports sustained expansion through working capital funding, capex for production enhancement, and leveraging India’s infrastructure push alongside energy transition demands for specialty lubricants.

Investor Considerations

Investors evaluating Sundrex Oil IPO should examine the company’s strong fundamentals, featuring 41% revenue expansion to ₹69.12 crore and 112% PAT growth to ₹5.44 crore in FY 2025, bolstered by in-house lubricant production and diverse B2B clientele including PSUs. Sector outlook favors steady lubricant demand from industrial expansion, automotive growth, and infrastructure projects.

Valuation analysis of Sundrex Oil IPO in 2025 displays a Price to Book Value of 5.43, PAT Margin of 8.10%, and Debt/Equity ratio of 1.14, presenting fair pricing amid solid returns. Growth prospects hinge on working capital boost (₹20.87 crore), capex for capacity, and export scaling in specialty oils. Risk factors feature crude volatility, geographic concentration, and rivalry from organized players. Long-term horizons align with energy transition and manufacturing upcycle benefits, whereas short-term plays warrant vigilance on commodity cycles and capex execution.