Sundrex Oil Company Ltd IPOSOCL

The IPO opens on 22 Dec 2025 & closes on 24 Dec 2025.

Sundrex Oil Company Limited is a manufacturer of high-performance lubricants, greases, metalworking fluids, bituminous products, IS: 335 Certified Transformer Oils, and other specialized formulations. The lubricant business focuses primarily on production and sale of various industrial lubricants including hydraulic oils, transmission oils, and gear oils, which are essential for various industrial machinery applications. In addition to manufacturing products, it offer contract manufacturing services, including toll blending and contract packaging. These services allow businesses to outsource the production of lubricants and oils, removing the need for investments in blending facilities, raw materials, and operational overheads. Sundrex Oil Company Limited was originally incorporated on May 08, 2010 by the Registrar of Companies, Kolkata. The Company commissioned its lubricating oil plant with a production capacity of 14 KL per shift, after conducting initial market tests. This was a major step towards scaling up operations in 2012. It expanded its product by the commissioning of a transformer oil plant in 2013. It began exports to Nepal and Bhutan, marking its first international expansion in the South Asian region in 2014; it commissioned a bituminous compounds plant, by diversifying the product in 2015. The plant's lubricating oil capacity was expanded to 22 KL per shift in 2016. The Company expanded its product range by commissioning a grease plant with a 3 MT per day capacity in 2017; further commissioned a dedicated plant for coolant and brake fluid manufacturing to serve the automotive sector in 2018. It established a lubricant oil bottling line with a capacity of 15 bottles per minute (bpm) and a white oil manufacturing unit with a 24 KL per day capacity in 2018. It expanded lubricant oil bottling line to a capacity of 45 bpm in 2019. The lubricating oil plant capacity was expanded to 30 KL per shift in 2020. The white oil plant capacity was expanded to 48 KL per day in 2021 followed by the commissioning of an advanced filtration machines for lubricants, enhancing the quality of its products. Sundrex commissioned advanced filtration machines for its lubricants in 2022. The white oil plant capacity was expanded to 80 KL per day. The Company began exports to Bangladesh, in the South Asian market. The White Oil manufacturing capacity was expanded to 100 KL per day in 2024 followed by the commissioning of a new plant at Ecolixir Greentech Pvt Ltd. The exports have begun to the Middle East, marking the entry with proprietary products in 2024-25. Company issued and allotted 37,50,400 equity shares having the face value Rs 10 each by raising a fresh issue of 32.25 crore funds on December 24, 2025. In 2025, Sundrex acquired OPRS Enterprises Pvt Ltd., expanding its sales channels and distribution network. The Company commissioned a new plant at Ecolixir Greentech Pvt Ltd. to enhance capacity.

Sundrex Oil Company Ltd IPO will close on 24 Dec 2025.

<ul><li>Distinctive Brand Identity and Innovative Design.</li><li>Experience of our Promoters and senior management team.</li><li>Quality assurance.</li><li>Efficient Inventory Management.</li><li>Safety, Security and Surveillance Systems.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Mahesh Sonthalia</td> <td>8198040</td> <td>85</td> <td>8198040</td> <td>61.2</td> </tr> <tr> <td>2</td> <td>Aman Sonthalia</td> <td>137782</td> <td>1.43</td> <td>137782</td> <td>1.03</td> </tr> <tr> <td>3</td> <td>Seema Sonthalia</td> <td>---</td> <td>---</td> <td>---</td> <td>---</td> </tr> <tr> <td>4</td> <td>Shashank Sonthalia</td> <td>619920</td> <td>6.43</td> <td>619920</td> <td>4.63</td> </tr> <tr> <td>5</td> <td>Richa Sonthalia</td> <td>551129</td> <td>5.71</td> <td>551129</td> <td>4.11</td> </tr> <tr> <td>6</td> <td>Dolly Sonthalia</td> <td>68891</td> <td>0.71</td> <td>68891</td> <td>0.51</td> </tr> <tr> <td>7</td> <td>Vignesh Sonthalia</td> <td>68890</td> <td>0.71</td> <td>68890</td> <td>0.51</td> </tr> <tr> <td>8</td> <td>Shreya Sonthalia</td> <td>100</td> <td>---</td> <td>100</td> <td>---</td> </tr> </tbody> </table>

<ul><li>Its business is substantially dependent on certain key customers, from whom the company derive a significant portion of the revenue. The loss of any significant customer may has a material and adverse effect on the business and results of operations.</li><li>The company business is highly dependent on their suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of the raw materials, or an increase in the raw material costs and other input costs, may adversely affect the pricing and supply of the products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.</li><li>The pricing of the company base oil, which is its primary raw material, is tied to international indices. These indices are influenced by exchange rates, so any significant depreciation in the currency can lead to an increase in the company raw material costs.</li><li>Significant portion of the company's revenue has been generated from Eastern states of India, any loss of business from these states may adversely affect their revenues and profitability.</li><li>The Company operations require significant amount of working capital for a continuing growth. its inability to meet the company working capital requirements may adversely affect its results of operations.</li><li>The company raw materials are derived from crude oil, making it vulnerable to price spikes or supply disruptions from events like wars, directly impacting costs. Price increases are slow to pass through, squeezing margins and limiting ROI due to restricted working capital.</li><li>Fraud, theft, employee negligence or similar incidents may adversely affect the company results of operations and financial condition.</li><li>The company dependent on its promoters and senior management and other key personnel, and the loss of, or the company inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.</li><li>Its dependent on third party transportation providers for the delivery of the company raw material and products. Accordingly, continuing increase in transportation costs or unavailability of transportation services for them, as well the extent and reliability of Indian infrastructure may has an adverse effect on its business, financial condition, results of operations and prospects.</li><li>The company has taken guarantees from Promoters and members of Promoter Group in relation to debt facilities provided to it.</li><li>The Company has negative cash flows from its operating activities majorly in the prior period, details of which are given below. Sustained negative cash flow could impact its growth and business.</li><li>The company has been several instances of delay in filing of GST, EPF and ESIC returns by the Company and its subsidiaries in the past.</li><li>Trade Receivables forms a major part of the company current assets. Failure to manage its trade receivables could has an adverse effect on its sales, profitability, cash flow and liquidity.</li><li>There are outstanding legal proceedings involving the Company, its subsidiaries, its Directors, the company Promoters and Promoter Group, and Group Companies. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and has an adverse effect on its business, prospects, results of operations and financial condition.</li><li>NSE may not grant in- principle approval for listing of equity shares of the Company.</li><li>If the government delays issuing Extended Producer Responsibility (EPR) norms, it hampers timely compliance and environmental protection efforts which results in uncertainty for producers and may slow down waste management initiatives.</li><li>The company income and sales are subject to seasonal fluctuations and lower income in a peak season may has a disproportionate effect on its results of operations.</li><li>The Objects of the Offer for which funds are being raised has not been appraised by any bank or financial institution.</li><li>The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available from the online source.</li><li>There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.</li><li>Its derive majority of the company income from its customers within India. Therefore, factors that adversely affect the demand for the company manufacturing and services in India may adversely affect its business.</li><li>Its business is dependent on the company manufacturing facilities and its subject to certain risks in the company manufacturing process. Obsolescence, destruction, theft, breakdowns of its machinery or failures to repair affect its business, cash flows, financial condition and results of operations.</li><li>The company also sell its products through network of distributors, dealers and depots, and any inability to expand or effectively manage or growing distribution and sales network may have an adverse effect on the company financial condition.</li><li>Any delay or default in payment from the company distributors and customers could result in the reduction of its profits and affect The company cash flows.</li><li>The company success depends on its ability to develop and commercialize new or customized products in a timely manner. If such new or customized products are not developed successfully its business, growth and financial condition may be adversely affected.</li><li>Detention charges are levied by transporters upon the company for any delays in loading lubricant products beyond the agreed-upon time.</li><li>Delayed deliveries specially PSUs, can lead to potential penalties. Timely deliveries are crucial to maintaining customer trust and sustaining future partnerships.</li><li>The risk of fire and other hazardous events could potentially disrupt plant operations, leading to significant downtime and severely impacting the business.</li><li>The company has been certain instances of delay in statutory filing of forms with ROC as per Companies Act, 2013. Any adverse order passed or penalty imposed by regulators on it, may adversely affect its business and results of operations.</li><li>The company manufacturing activities require deployment of labour and availability of labour. In case of unavailability of such labour, its business operations could be affected.</li><li>The company manufacturing facilities are located on leased premises and its corporate office and warehouses are availed on rent. If its unable to renew these leases or relocate on commercially suitable terms, it may has a material adverse effect on its business, results of operation and financial condition.</li><li>Fluctuation in foreign currency exchange rates could affect the company financial condition and results of operations.</li><li>The company has significant power requirements for continuous running of its factory. Any disruption to the company operations on account of interruption in power supply or any irregular or significant hike in their tariffs may has an effect on its business, results of operations and financial condition.</li><li>The company appoint contract labors for carrying out certain operations and its may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could has an adverse effect on its results of operations and financial condition.</li><li>The company business is substantially dependent on its ability to accurately carry out the pre-bidding studies for potential contracts. Any deviation during the execution of the contract as compared to the company pre-bid estimates could has a material adverse effect on its cash flows, results of operations and financial condition.</li><li>The demand of Its specialty oils and lubricants products in foreign countries is subject to international market conditions and regulatory risks that could adversely affect its business and results of operations.</li><li>Delays or defaults in payments to vendors can lead to strained relationships and supply chain disruptions, ultimately affecting operational continuity and financial stability.</li><li>A capital-intensive business faces significant financial risk due to high upfront investment costs, which can lead to liquidity challenges, slower return on investment, and increased vulnerability to market fluctuations or economic downturns.</li><li>Larger competitors can leverage economies of scale, superior marketing, and extensive distribution networks to overshadow smaller players and capture market share.</li><li>Aggressive competitor pricing, raw material cost fluctuations, and supply-demand imbalances can force businesses to cut prices, reducing profit margins and financial flexibility. Customer focus on cost over quality can escalate price wars, further impacting profitability and limiting investment in innovation and efficiency.</li></ul>

The Issue type of Sundrex Oil Company Ltd is Book Building - SME.

The minimum application for shares of Sundrex Oil Company Ltd is 3200.

The total shares issue of Sundrex Oil Company Ltd is 3750400.

Initial public offer of upto 37,50,400 equity shares of face value of Rs. 10/- each ("equity shares") of Sundrex Oil Company Limited ("the company") for cash at a price of Rs. 86/- per equity share (including share premium of Rs. 76/- per equity share) ("offer price"), aggregating up to Rs. 32.25 crores comprising a fresh issue of up to 37,50,400 equity shares aggregating up to Rs. 32.25 crores by the company ("the offer") of which upto 1,88,800 equity shares aggregating to Rs.1.62 crores will be reserved for subscription by market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e., net offer of upto 35,61,600 equity shares at an offer price of Rs. 86/- per equity share aggregating to Rs. 30.63 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 28% and 26.58 %, respectively of the post offer paid up equity share capital of the company. The face value of equity shares is Rs.10/- each. The offer price is 8.6 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.