Sumax Engineering IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,42,400
2 lots · 2,400 shares at the upper price band
Price band
₹101
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹50.71 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹101
- Issue size
- ₹50.71 Cr
- Lot size
- 1,200
- Opens
- 25 Aug 2026
- Closes
- 28 Aug 2026
- Allotment
- 31 Aug 2026
- Listing
- 2 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹2,42,400 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Offer for sale
- ₹10 Cr
- Listing at
- NSE SME
- Refunds
- 1 Sept 2026
- Shares credited
- 1 Sept 2026
- Promoter holding
- 96.73% before · 69.67% after
- Lead managers
- GYR Capital Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 28 Aug 2026, 1:24 pm.
Total subscription
116.36x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:58 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 25 to 28 Aug, 2026 |
|---|---|
| Listed on | Wed, Sep 2, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹95 to ₹101 |
| Issue Price | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,87,200 shares (agg. up to ₹ 53 Cr) |
|---|---|
| Reserved for Market Maker | 2,66,400 shares (agg. up to ₹ 3 Cr) Giriraj Stock Broking Pvt.Ltd. Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 40,24,800 shares (agg. up to ₹ 41 Cr) |
| Offer for Sale | 9,96,000 shares of ₹ 10 (agg. up to ₹ 10 Cr) |
| Net Offered to Public | 50,20,800 shares (agg. up to ₹ 51 Cr) |
| Share Holding Pre Issue | 1,47,31,500 shares |
| Share Holding Post Issue | 1,90,22,700 shares |
| NSE Symbol | SUMAX |
| ISIN | INE11Z001019 |
IPO Timetable
- IPO Open
- Tue, Aug 25, 2026
- IPO Close
- Fri, Aug 28, 2026
- Allotment
- Mon, Aug 31, 2026
- Refund
- Tue, Sep 1, 2026
- Credit of Shares
- Tue, Sep 1, 2026
- Listing
- Wed, Sep 2, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 24,09,600 | 49.90% | 45.57% |
| − Anchor Investor | 14,35,200 | — | 27.14% |
| − QIB (Ex. Anchor) | 9,74,400 | — | 18.43% |
| NII (HNI) | 7,27,200 | 15.06% | 13.75% |
| − bNII > ₹10L | 4,84,800 | — | 9.17% |
| − sNII < ₹10L | 2,42,400 | — | 4.58% |
| Retail | 16,92,000 | 35.04% | 32.00% |
| Preferential Reservations | |||
| Employee | 1,92,000 | — | 3.63% |
| Firm Reservations | |||
| Market Maker | 2,66,400 | — | 5.04% |
| Total | 52,87,200 | 100.00% | 100.00% |
Sumax Engineering IPO comprises a total issue size of 52,87,200 shares. The net offer to the public is 48,28,800 shares, after excluding 2,66,400 shares allotted on a firm basis and 1,92,000 shares under a preferential allotment. Of the Net offer 24,09,600 (49.90%) are allocated to QIB , 7,27,200 (15.06%) allocated to NII 16,92,000 (35.04%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,42,400 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,42,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,63,600 |
| S-HNI (Max) | 8 | 9600 | ₹9,69,600 |
| B-HNI (Min) | 9 | 10800 | ₹10,90,800 |
| Employee (Min) | 2 | 2,400 | ₹2,42,400 |
| Employee (Max) | 4 | 4,800 | ₹4,84,800 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Mon, Aug 24, 2026 |
|---|---|
| Shares Offered | 14,35,200 |
| Anchor Portion (₹ Cr.) | 14.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Sep 30, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Nov 29, 2026 |
Sumax Engineering IPO raises ₹ 14.50 crore from anchor investors . Sumax Engineering IPO Anchor bid date is August 24, 2026 .
IPO Anchor Investors List
Investor Category Reservations
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 8 lots |
| Only bNII | 9 lots and above |
| Only employee | 2 lots - 4 lots |
| Employee + RII/NII | 1. Employee limit: 2 lots - 4 lots AND 2. If applying as RII: 2 lots OR 2. If applying as sNII: 3 lots - 8 lots OR 2. If applying as bNII: 9 lots and above |
* Bidding at cut-off price is not allowed for any category
About Sumax Engineering Ltd.
Incorporated in 1994, Sumax Engineering Ltd. is engaged in the manufacturing and trading of products for the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. The company operates through two segments: manufacturing and trading.
Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products.
Through its trading business, the company supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories, and aerosol products.
The company operates two manufacturing units, located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana.
It has a market presence across 26 states and Union Territories in India and exports its products to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan.
As of March 31, 2026, the company had 121 employees.
Competitive Strengths
Experienced Promoters, management and operating team
Comprehensive Product Range
Strong Industry Relationships
Advanced In-House Processing Facilities
Focused on Cost Competitiveness
Efficient Logistics and Supply Chain Management
Strong Financial performance
Tailored Product Design
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 84.81 | 66.14 | 54.00 |
| Total Income | 148.34 | 147.18 | 131.54 |
| Profit After Tax | 12.76 | 9.98 | 7.43 |
| EBITDA | 19.08 | 15.03 | 11.63 |
| NET Worth | 61.60 | 48.84 | 38.86 |
| Reserves and Surplus | 46.88 | 46.75 | 36.77 |
| Total Borrowing | 13.06 | 7.75 | 6.43 |
| Amount in ₹ Crore |
Sumax Engineering Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Auto Components & Equipments
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| LAPL Automotive Ltd. | SME | ₹32.40 Cr | ₹94 | 9.91 | ₹128.29 | +36.48% | ₹127.10 |
| Poojaa Precision Engg.Ltd. | SME | ₹159.83 Cr | ₹301 | 14.25 | ₹493.50 | +63.95% | ₹719.95 |
| Happy Steels Ltd. | SME | ₹25.00 Cr | ₹66 | 9.76 | ₹68.50 | +3.79% | ₹90.00 |
| Autofurnish Ltd. | SME | ₹14.60 Cr | ₹41 | 11.64 | ₹45.15 | +10.12% | ₹75.20 |
| Gallard Steel Ltd. | SME | ₹37.50 Cr | ₹150 | 17.31 | ₹234.25 | +56.17% | ₹165.15 |
| Dhoot Transmission Ltd. | Mainboard | ₹3,066.89 Cr | ₹871 | 41.36 | ₹1,187.05 | +36.29% | ₹1,571.60 |
| SEDEMAC Mechatronics Ltd. | Mainboard | ₹1,087.35 Cr | ₹1352 | 126.91 | ₹1,451.10 | +7.33% | ₹2,915.70 |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹519.25 |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹418.40 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan | 4.89 |
| 2 | Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana | 16.62 |
| 3 | Funding working capital requirements of the company | 12.00 |
| 4 | General corporate purposes | 5.80 |
| 5 | Issue Expenses | 4.03 |
| Total | 43.34 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 23.10% | 22.76% |
| ROCE | 23.86% | 24.64% |
| Debt/Equity | 0.21 | 0.16 |
| RoNW | 20.71% | 20.44% |
| PAT Margin | 8.64% | 6.83% |
| EBITDA Margin | 12.86% | 10.21% |
| NAV | 41.83 | 33.21 |
| Price to Book Value | 2.41 | 3.04 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.66 | 6.71 |
| P/E (x) | 11.66 | 15.05 |
| Market Cap at Offer Price | ₹149Cr. | ₹210.11 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 96.73% | 69.67% |
| Public | 3.27% | 30.33% |
| Total | 100% | 100% |
Company Promoters: Sudeep Mehta and Smriti Mehta.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Sudeep Mehta | Promoter | 9,00,000 | 9.09 |
| Vimla Mehta | Promoter | 96,000 | 0.97 |
| Total | — | 9,96,000 | 10.06 |
Sumax Engineering IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 1 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 121.28 | 9,74,400 | 11,81,78,400 | 79 |
| NII * | 270.70 | 7,27,200 | 19,68,52,800 | 0 |
| bNII (> ₹10L) | 315.60 | 4,84,800 | 15,30,02,400 | — |
| sNII (< ₹10L) | 180.90 | 2,42,400 | 4,38,50,400 | — |
| Individual Investor | 158.98 | 16,92,000 | 26,89,94,400 | 1,12,081 |
| Total | 162.94 | 35,85,600 | 58,42,28,400 | 1,37,090 |
The Sumax Engineering IPO is subscribed 162.94 times on August 28, 2026 6:54:59 PM (Day 4). The public issue subscribed 158.98 times in the individual investors category, 121.28 times in the QIB category, and 270.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 1,37,090
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting Fees | 2.67 |
| 3 | Fees payable to the Market maker to the Offer | 0.10 |
| 4 | Fees payable to the Registrar to the Offer | 0.05 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.14 |
| 7 | Payment for Printing & Stationary, Postage etc | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 0.50 |
| 9 | Other Expense | 0.11 |
| Total | 4.03 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹ 101.00 |
| Open | ₹ 111.00 |
| Low | ₹ 107.00 |
| High | ₹ 116.00 |
| Last Trade | ₹ 110.45 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
040-79615565
sumax.ipo@kfintech.com
IPO Lead Manager(s)
GYR Capital Advisors Pvt.Ltd.
Contact Details
Sumax Engineering Ltd. Address
Plot No.45, Shanthinikethan Colony,
Mahendra Hills,
East Marredpally,
Secunderabad, Telangana , 500026
+91 78931 66698
compliance@sumaxindia.com
Sumax Engineering IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Sumax Engineering IPO: Shares List With 10% Gains To Issue Price
NDTV Profit · 2 Sept 2026
Sumax Engineering shares list at 10% premium over IPO price on NSE SME platform
The Economic Times · 2 Sept 2026
NSE SME Sumax Engineering makes a polished debut but struggles to accelerate
Business Standard · 2 Sept 2026
Sumax Engineering Shares Trade 11.34% Above IPO Price At ₹112.45 On NSE SME
HDFC Sky · 2 Sept 2026
Sumax Engineering IPO Listing Preview: Expected Gains?
Univest · 1 Sept 2026
