New Delhi, Dec. 22 -- Sundrex Oil IPO in Focus Today: The IPO of Sundrex Oil, which opened today for bidding, has received a healthy response from investors, with the issue being subscribed 0.41 times as of 2:00 PM.

The issue received bids for 14.68 lakh shares against 35.61 lakh shares on offer. Segment-wise, the non-institutional investor category was subscribed 0.15 times, while the retail portion was subscribed 0.60 times. The Qualified Institutional Buyer (QIB) category has not yet opened for bidding, according to exchange data.

The company proposes to utilize the net proceeds from the IPO to meet working capital requirements and for general corporate purposes.

1. Sundrex Oil IPO date: The issue opened for subscription today, Dece...