Sundrex Oil Co IPO

Sundrex Oil Company is a manufacturer and wholesaler of lubricants, greases, and allied industrial products, serving industrial customers across India and select international markets, including Nepal, Bhutan, Bangladesh, and the UAE. B2B-led operations accounted for about 99% of its total revenue, with B2C sales making up the remaining amount. It also provides a variety of services, such as contract manufacturing, toll blending, and contract packaging. Additionally, the company provides private labelling services, which let clients use the company's production capacity, quality assurance, and technical know-how to market lubricants under their own brands.

The company operates an in-house manufacturing plant with a production capacity of 100 KL per day for white oil, 60 KL per day for lubricants, and 9 MT per day for greases and is located at Howrah, West Bengal. The factory benefits from its proximity to two major ports: Kolkata Port, just 30 km away, and Haldia Port, within 120 km. With 62 product categories and 516 products in GEM as of June 30, 2025, it continues to grow its product portfolio through continuous new product development, with a focus on PSU sales. White Oil & LLP contributed 30.07% and Industrial Lubricants contributed 39.59% of product-wise revenue. Further, 82.20% of revenue came from own-brand labelling, 13.81% from subsidiaries, 3.54% from contract manufacturing, and 0.46% from private label as of June 2025.