Sundrex Oil IPO Debuts with 20% Loss; Investors Disappointed on NSE Emerge

• Sundrex Oil Company shares listed on NSE Emerge at ₹68.80, a 20% loss from the IPO price of ₹86.
• The weak debut on December 30 resulted in a market capitalization of approximately ₹92.15 crore.
• Grey Market Premium (GMP) for Sundrex Oil shares dropped to zero before listing, signaling caution.
• The IPO, open from December 22-24, was fully subscribed, with retail investors oversubscribing by nearly 2 times.
• Funds raised from the ₹32 crore IPO are for working capital, capital expenditure, and loan repayment.

Why It Matters: Sundrex Oil Company's IPO had a disappointing debut, listing at a 20% loss for investors.