Sundrex Oil Company Limited’s SME IPO has closed with an overall subscription of 1.51 times, supported by participation across retail, institutional, and non-institutional investor categories.
Retail investors showed strong enthusiasm, oversubscribing their portion 1.90 times, with bids far exceeding the shares reserved for the segment. The IPO also witnessed full subscription in the QIB category and marginal oversubscription in the NII segment.
In aggregate, bids were received for 56,46,400 equity shares, compared to the 37,50,400 shares offered under the issue. The IPO raised ₹32.25 crore through a fresh issue of equity shares.
Mr. Mahesh Sonthalia, Chairman & Managing Director, stated that the response to the IPO validates investor trust in the company’s long-term growth strategy and operational capabilities.
Last Updated on: Tuesday, January 20, 2026 2:50 pm by News Vent Team | Published by: News Vent Team on Tuesday, January 20, 2026 2:49 pm | News Categories: News
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