Sundrex Oil's SME IPO opened Dec. 22, aiming to raise ₹32.25 crore, with low subscription as of Dec. 22.

Sundrex Oil's SME IPO opened on December 22, 2025, with a price band of ₹81–86 per share, aiming to raise ₹32.25 crore. By 2:00 PM, total subscription stood at 0.41 times, with retail investors subscribing 0.60 times and non-institutional investors 0.15 times. The issue closes December 24, with allotment on December 26 and listing on NSE SME December 30. The company, which manufactures industrial and automotive lubricants for B2B clients, reported a 41% revenue rise to ₹69.12 crore and an 112% profit increase in FY25. Proceeds will fund working capital, capital expenditure, and debt repayment.