Sundrex Oil IPO Shows Moderate Response, Subscribed 1.53x on Day 3

Sundrex Oil Company Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹81-86 per share. The ₹32.25 crore IPO reached 1.53 times by 5:15:03 PM on day three.

Sundrex Oil IPO individual investors segment leads with moderate 1.90 times subscription. Non-institutional investors demonstrate moderate participation at 1.01 times. Qualified institutional buyers display moderate interest at 1.00 times. 

Sundrex Oil IPO subscription reached moderate 1.53 times on day three. It was led by Individual Investors (1.90x), Non-Institutional Investors (1.01x), and Qualified Institutional Buyers Ex-Anchor (1.00x). Total applications reached 1,376.
 

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Subscription Status of Sundrex Oil IPO:

Here are the subscription details for Sundrex Oil IPO as of Day 3 (December 24, 2025, 5:15:03 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.53 times, showing modest improvement from day two's 1.16 times
• Individual investors displaying moderate confidence at 1.90 times, building substantially from day two's 1.45 times, indicating improved retail demand for this SME IPO
• Non-institutional investors showing moderate performance at 1.01 times, building substantially from day two's 0.73 times, indicating measured HNI interest for this industrial lubricants manufacturer
• Qualified institutional buyers (ex-anchor) maintaining moderate performance at 1.00 times, unchanged from day two's 1.00 times, indicating measured institutional interest
• Cumulative bid amount reached ₹46.94 crores, exceeding the net offer size of ₹30.63 crores by approximately 1.5 times
• Market makers fully subscribed their allocation of ₹1.62 crores

Sundrex Oil IPO - Day 2 Subscription at 1.16 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.16 times, showing modest improvement from day one's 0.85 times
• Individual investors displaying moderate confidence at 1.45 times, building substantially from day one's 1.00 times
• Qualified institutional buyers showing moderate performance at 1.00 times, improving substantially from day one's 0.00 times
• Non-institutional investors showing weak performance at 0.73 times, marginally improving from day one's 0.66 times

Sundrex Oil IPO - Day 1 Subscription at 0.85 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.85 times, showing cautious initial investor interest
• Individual investors displaying moderate confidence at 1.00 times, indicating measured retail appetite
• Non-institutional investors showing weak performance at 0.66 times, indicating weak HNI interest
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional interest

About Sundrex Oil Company Limited

Incorporated in 2010, Sundrex Oil Company Limited is a manufacturer and wholesaler of high-performance industrial and automotive lubricants, greases, and specialty products serving industries in India and neighboring countries. The company's product portfolio includes industrial lubricants, automotive lubricants, and specialty products. The company makes products under its brand and provides contract manufacturing services. These services include toll blending and contract packaging. The company provides labeling services.