Sundrex Oil Company's IPO is set to list on the NSE SME platform on December 30. The Rs 32.25 crore issue, entirely a fresh offering, saw moderate overall subscription, with retail investors showing the most interest. Despite steady fundamentals and recent revenue and profit growth, the Grey Market Premium (GMP) is zero, indicating subdued listing expectations. Proceeds will fund working capital, debt repayment, and capital expenditure.