Lubricants IPOs

3 Lubricants IPOs have come to market (2023–2025), raising a combined ₹523 crore. They have averaged a +21.1% listing gain (median +8.9%), and 67% closed their debut above the issue price. The strongest debut was Gandhar Oil Refinery (India) Limited (+78.3%); the weakest was Sundrex Oil Company Limited (-23.9%).