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Sundrex Oil Company Limited, an ISO 9001:2015 certified public limited company, specializes in manufacturing and wholesaling a wide array of lubricants, greases, and industrial petroleum products. The company serves both B2B and B2C markets across India and exports to neighboring countries, including Nepal, Bhutan, Bangladesh, and the UAE. Its product portfolio features high-performance industrial and automotive lubricants, metalworking fluids, IS: 335 Certified Transformer Oils, and other specialty formulations. Additionally, Sundrex Oil Company Limited provides contract manufacturing services, such as toll blending and private labeling, allowing clients to outsource production and focus on branding.
Dec 22, 2025
Dec 24, 2025
Dec 30, 2025
SME
Closed
24.18 Cr
32.25 Cr
0 Cr
₹81 - ₹86
1600
The net proceeds from the issue are proposed to be utilized by the company for the following objectives:
To meet the incremental working capital requirements for Fiscal 2026 and Fiscal 2027, which is essential to support the company's business growth and expansion plans.
To fund capital expenditure for long-term growth, including the purchase of Stainless-Steel Oil Storage Tanks, an Air Handling System, and an Oil Polishing Unit to enhance production efficiency, expand capacity, and align with regulatory standards.
Prepayment or scheduled repayment of all or a portion of certain existing secured and unsecured loans to reduce borrowings, maintain a favourable debt-equity ratio, and free up internal accruals for business investment.
To meet general corporate purposes, including strategic initiatives, brand building, and other operational expenses to support overall business development, not exceeding 15% of the Gross Proceeds.
10.69
8.04
35.63%
27.03%
35.63%
—
8.1%
13.68%
5.43
Operates an in-house manufacturing plant with significant unutilized capacity and a state-of-the-art, fully-equipped quality control laboratory.
Strategic factory location in Howrah, West Bengal, offers significant logistical advantages with close proximity to key refineries, ports, and markets.
Employs a direct sales model that eliminates intermediary markups and maintains a diversified, growing client base that includes public sector undertakings (PSUs).
Led by an experienced management team with a skilled technical workforce, complemented by a strong focus on vertical integration to control the supply chain.
The business is highly working capital intensive, requiring continuous funding to support operational needs and growth.
Historically dependent on a limited number of customers for a significant portion of revenue, creating concentration risk.
Profitability is susceptible to fluctuations in raw material prices, particularly crude oil, which impacts the cost of base oils.
Revenue is geographically concentrated, with West Bengal accounting for a substantial majority of domestic sales.
Capitalize on the growing Indian industrial and automotive lubricants market, which has a positive forecasted CAGR.
Expand export operations into Southeast Asia and the Middle East, leveraging the factory's proximity to major international ports.
Increase focus on sales to Public Sector Undertakings (PSUs) by expanding product approvals on the Government e-Marketplace (GeM) portal.
Address the emerging demand for specialized coolants and fluids for the growing Electric Vehicle (EV) market.
Faces intense competition from established domestic and large multinational players in the lubricants industry.
Adverse changes in government regulations, especially environmental laws like Extended Producer Responsibility (EPR) for used oil, could impact operations.
Exposure to volatility in global crude oil prices, which directly affects the cost of base oils and other key raw materials.
Potential for a slowdown in the automotive and industrial sectors due to economic downturns or global financial instability.