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News Details

( As on 30/12/2025 09:40)

Sundrex Oil Company Ltd. debuts with 20.00% discount at Rs 68.80

Sundrex Oil Company Ltd. makes a weak debut on the bourses with scrip got listed at Rs 68.80 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 86.00. On the National Stock Exchange, the stock was listed at Rs 68.80.

The company, which raised 0.38 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 37.50 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 22 to Dec 24.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for .

Affinity Global Capital Market Pvt. Ltd. as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,942.10, down 100.20 points, or 0.38 per cent.