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₹86 - 86
Sundrex Oil Company Ltd
PetrochemicalsIPOSME
₹86 - 86
The Company prides itself as one well-established ISO 9001:2015 certified public limited company catering to lubrication needs of industries across India and foreign countries (Nepal, Bhutan, Bangladesh and UAE). The Company is a manufacturer and wholesaler of lubricants, greases, and a wide range of industrial products, serving both B2B and B2C markets across India. The company's revenue profile is predominantly concentrated in the Business-to-Business (B2B) segment, which accounts for approximately 99% of the total revenue whereas the remaining 1% of revenue is generated from the Business-to-Customer (B2C) segment.
Lot1,600Min Invest₹2,75,200Face Value₹10Issue Size₹32 CrFresh Issue₹32 CrListing Price₹69CMP₹30
Timeline
22 Dec
Bidding opens
24 Dec
Bidding closes
26 Dec
Allotment
29 Dec
Refund & demat credit
30 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹32 Cr0.37 Cr shares
Fresh Issue₹32 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 2.11% · NII 39.22% · RETAIL 58.67%
Application Sizes
Retail₹2,75,2001-1 lots
sNII₹2,75,200from 2 lots
bNII₹11,00,800from 8 lots
Managers & Registrar
Lead ManagerAffinity Global Capital Market Pvt Ltd
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%71.99%Public0.01%28.01%
Objects of the Issue
- Funding incremental working capital requirements of the Company
- Funding for Capital Expenditure
- General corporate purposes
- Prepayment and repayment of all or a portion of certain secured and unsecured loan
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 48 | 67 | 111 |
| Operating ProfitCr | 4 | 7 | 8 |
| OPM% | 8.8 | 10.8 | 7.5 |
| PBTCr | 3 | 7 | 7 |
| PATCr | 3 | 5 | 6 |
| EPS | 7 | 8 | 5 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 1 | 10 | - |
| ReservesCr | 3 | 6 | - |
| BorrowingsCr | 14 | 17 | - |
| Total AssetsCr | 24 | 38 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 0 | -1 | -13 |
| Investing Cash FlowCr | -3 | -4 | -1 |
| Financing Cash FlowCr | 3 | 8 | 24 |
| Net Cash FlowCr | 0 | 3 | 10 |
Strengths & Risks
Strengths · as stated in the DRHP
- Distinctive Brand Identity and Innovative Design.
- Experience of our Promoters and senior management team.
- Quality assurance.
- Efficient Inventory Management.
- Safety, Security and Surveillance Systems.
Strategies · as stated in the DRHP
- Commitment to Quality and Customer Satisfaction.
- Geographical Location of Products and Services.
- Commitment to Quality and Industry Excellence.
Risks · as stated in the DRHP
- The company's 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.
- 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.
- 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.
- 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.
- 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.
- 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.