Sumax Engineering IPO is a book-built SME public issue of Sumax Engineering Limited. The company is engaged in the manufacturing and trading of products for the Automotive OEM and Auto Refinish markets.
The IPO is open for subscription from August 25, 2026, to August 28, 2026. The price band has been fixed at ₹95 to ₹101 per equity share, with a face value of ₹10 per share. The shares are proposed to be listed on the NSE SME platform.
The total issue comprises 52,87,200 equity shares aggregating up to approximately ₹53.40 crore at the upper price band. The issue includes a fresh issue of 42,91,200 shares worth approximately ₹43.34 crore and an offer for sale of 9,96,000 shares worth approximately ₹10.06 crore.
Sumax Engineering IPO Details
| Particular | Details |
|---|---|
| IPO Name | Sumax Engineering IPO |
| Company Name | Sumax Engineering Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹95 to ₹101 per Share |
| Total Issue Size | ₹53.40 Crore |
| Total Issue Shares | 52,87,200 Equity Shares |
| Fresh Issue | 42,91,200 Equity Shares |
| Fresh Issue Value | ₹43.34 Crore |
| Offer for Sale | 9,96,000 Equity Shares |
| OFS Value | ₹10.06 Crore |
| Market Maker Portion | 2,66,400 Shares |
| Employee Reservation | 1,92,000 Shares |
| Net Offer | 48,28,800 Shares |
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Basis of Allotment | August 31, 2026 |
| Refund Initiation | September 1, 2026 |
| Demat Credit | September 1, 2026 |
| Listing Date | September 2, 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,200 Shares |
| Minimum Retail Application | 2 Lots |
| Minimum Retail Shares | 2,400 Shares |
| Minimum Retail Investment | ₹2,42,400 |
| Lead Manager | GYR Capital Advisors Private Limited |
| Registrar | KFin Technologies Limited |
The issue size of ₹53.40 crore is based on the upper price band of ₹101 per share. The fresh issue proceeds will go to the company, while the OFS proceeds will be received by the selling shareholders.
Sumax Engineering IPO Dates & Timeline
| IPO Event | Date |
|---|---|
| IPO Opening Date | August 25, 2026 |
| IPO Closing Date | August 28, 2026 |
| Basis of Allotment | August 31, 2026 |
| Refund Initiation | September 1, 2026 |
| Credit of Shares to Demat | September 1, 2026 |
| Listing Date | September 2, 2026 |
The current IPO schedule places the basis of allotment on August 31, followed by refund initiation and demat credit on September 1. The proposed listing date is September 2, 2026.
Sumax Engineering IPO Price Band
The Sumax Engineering IPO price band is fixed at ₹95 to ₹101 per equity share.
| Particular | Amount |
|---|---|
| Face Value | ₹10 |
| Lower Price Band | ₹95 |
| Upper Price Band | ₹101 |
| Price at Upper Band | ₹101 |
| Total Issue Value at Upper Band | ₹53.40 Crore |
| Fresh Issue Value at Upper Band | ₹43.34 Crore |
| OFS Value at Upper Band | ₹10.06 Crore |
At ₹101 per share, 52,87,200 shares represent an aggregate issue value of approximately ₹53.40 crore.
Sumax Engineering IPO Lot Size
The Sumax Engineering IPO market lot is 1,200 shares. Under the applicable SME issue structure, individual investors need to apply for a minimum of two lots.
| Application | Lots | Shares | Amount at ₹101 |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,42,400 |
| Retail Maximum | 2 | 2,400 | ₹2,42,400 |
| S-HNI Minimum | 3 | 3,600 | ₹3,63,600 |
| S-HNI Maximum | 8 | 9,600 | ₹9,69,600 |
| B-HNI Minimum | 9 | 10,800 | ₹10,90,800 |
| Employee Minimum | 2 | 2,400 | ₹2,42,400 |
| Employee Maximum | 4 | 4,800 | ₹4,84,800 |
The minimum retail investment at the upper price band is ₹2,42,400 for 2,400 shares.
Sumax Engineering IPO Reservation
| Investor Category | Shares Offered | Percentage of Total Issue |
|---|---|---|
| Anchor Investors | 14,35,200 | 27.14% |
| QIB – Excluding Anchor | 9,74,400 | 18.43% |
| NII | 7,27,200 | 13.75% |
| Retail | 16,92,000 | 32.00% |
| Employee | 1,92,000 | 3.63% |
| Market Maker | 2,66,400 | 5.04% |
| Total | 52,87,200 | 100% |
The anchor portion is carved out of the QIB allocation. The total QIB allocation, including anchor shares, is 24,09,600 shares.
About Sumax Engineering Limited
Sumax Engineering Limited is a Secunderabad-based company engaged in manufacturing and trading products used in the Automotive OEM and Auto Refinish markets.
The company was originally incorporated as Sumax Engineering Private Limited on December 21, 1994. It was subsequently converted into a public limited company in 2024. Its corporate identification number is U74210TG1994PLC019032.
The company’s business combines manufacturing activities with trading operations. Its product portfolio covers automotive consumables, adhesive products, surface-care products and other products used by automotive manufacturers, workshops and the auto-refinish market.
Sumax Engineering Business Operations
Sumax Engineering operates through manufacturing and trading activities.
Its manufacturing portfolio includes products such as:
- Adhesive tapes
- Die-cut components
- Pre-taped masking films
- Rubbing compounds
- Polishing compounds
- Buffing pads
- Foam pads
- Reflective tapes
- Domes and graphics
- Car-care products
Its trading portfolio includes electrical and pneumatic tools, abrasive sheets, discs and rolls, body-shop consumables, retail products and aerosol products.
The company has also entered the Paint Protection Film segment, which is used to protect automotive paint surfaces from scratches, stone chips and environmental exposure.
Sumax Engineering Product Portfolio
| Business Area | Products |
|---|---|
| Adhesive Products | Adhesive tapes, foam tapes and related products |
| Die-Cut Products | Custom die-cut components |
| Masking Products | Pre-taped masking films and related materials |
| Surface Care | Rubbing and polishing compounds |
| Buffing Products | Buffing and foam pads |
| Automotive Graphics | Reflective tapes, domes and graphics |
| Car Care | Automotive care products |
| Trading Products | Tools, abrasives and body-shop consumables |
| Paint Protection | Paint Protection Film |
The company serves customers across the automotive OEM and auto-refinish markets.
Sumax Engineering IPO Objects of the Issue
The fresh issue proceeds are proposed to be used primarily for expansion of manufacturing capacity and working-capital requirements.
| Object of the Issue | Estimated Amount |
|---|---|
| Construction of Proposed Manufacturing Unit I – Rajasthan | ₹4.89 Crore |
| Construction of Proposed Manufacturing Unit II – Haryana | ₹16.62 Crore |
| Working Capital Requirements | ₹12.00 Crore |
| General Corporate Purposes | Balance Amount |
| Total Specifically Identified Requirement | ₹33.51 Crore |
The proposed Rajasthan facility is planned at RIICO Industrial Area, Karoli, Tehsil Tapukara, Rajasthan. The second proposed facility is planned at Model Economic Township, Village Nimana, Tehsil Badli, District Jhajjar, Haryana.
Manufacturing Unit I – Rajasthan
The company proposes to allocate approximately ₹4.89 crore toward the construction of its first proposed manufacturing unit in Rajasthan.
The facility is planned at Plot No. E-185, RIICO Industrial Area, Karoli, Tehsil Tapukara, Rajasthan.
The proposed investment is intended to expand the company’s manufacturing capabilities and support future business requirements.
Manufacturing Unit II – Haryana
Approximately ₹16.62 crore is proposed for the construction of a second manufacturing facility in Haryana.
The proposed location is Plot No. P-32, Street No. B, Sector 11, Model Economic Township, Village Nimana, Tehsil Badli, District Jhajjar, Haryana.
The proposed facility is expected to provide additional manufacturing capacity and support the company’s expansion plans.
Working Capital Requirements
The company proposes to allocate ₹12 crore toward working-capital requirements.
Working capital is important for the company’s manufacturing and trading activities because the business requires funds for inventory, receivables and regular operating expenses.
Sumax Engineering IPO Financials
Sumax Engineering has reported growth in revenue and profitability over the periods covered by its restated financial statements.
Revenue from operations increased from ₹130.79 crore in FY2024 to ₹146.12 crore in FY2025. For FY2026, revenue from operations was approximately ₹147.69 crore on the reported basis used for the IPO analysis.
Profit after tax increased from ₹7.44 crore in FY2024 to ₹9.99 crore in FY2025 and approximately ₹12.75 crore in FY2026.
Sumax Engineering Financial Performance
₹ in Crore
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | 130.79 | 146.12 | 147.69 |
| EBITDA | 11.62 | 15.03 | 19.07 |
| Profit After Tax | 7.44 | 9.99 | 12.75 |
| Net Worth | 38.94 | 48.93 | 61.60 |
| Total Assets | 54.07 | 66.21 | 84.81 |
| Total Debt | 6.42 | 7.75 | 13.06 |
The company has demonstrated an improvement in operating profitability, with EBITDA increasing from ₹11.62 crore in FY2024 to ₹19.07 crore in FY2026. PAT also increased during the same period.
Sumax Engineering Financial Highlights
The company’s revenue growth has been moderate compared with its profit growth. Revenue from operations increased from ₹130.79 crore in FY2024 to ₹147.69 crore in FY2026.
At the same time, PAT increased from ₹7.44 crore to approximately ₹12.75 crore, reflecting an improvement in profitability.
EBITDA also increased from ₹11.62 crore in FY2024 to approximately ₹19.07 crore in FY2026.
Sumax Engineering IPO Key Performance Indicators
| KPI | FY2026 |
|---|---|
| EPS | ₹8.66 |
| P/E Ratio – Pre IPO | 11.66x |
| P/E Ratio – Post IPO | 15.05x |
| ROE | 23.10% |
| ROCE | 23.86% |
| RoNW | 20.71% |
| Debt/Equity | 0.21x |
| EBITDA Margin | 12.86% |
| PAT Margin | 8.64% |
| NAV | ₹41.83 |
| Price to Book Value | 2.41x |
These indicators show a relatively low debt-to-equity ratio alongside improving profitability margins.
Sumax Engineering IPO Valuation
At the upper price band of ₹101, Sumax Engineering’s indicated market capitalisation is approximately ₹192.13 crore.
The reported pre-IPO EPS is ₹8.66, while the post-issue EPS is approximately ₹6.71. The corresponding P/E ratios are approximately 11.66x and 15.05x respectively.
| Valuation Parameter | Value |
|---|---|
| Upper Price Band | ₹101 |
| EPS – Pre IPO | ₹8.66 |
| EPS – Post IPO | ₹6.71 |
| P/E – Pre IPO | 11.66x |
| P/E – Post IPO | 15.05x |
| NAV | ₹41.83 |
| P/BV | 2.41x |
| Market Capitalisation | ₹192.13 Crore |
| ROE | 23.10% |
| ROCE | 23.86% |
| Debt/Equity | 0.21x |
Investors should assess the valuation alongside the company’s dependence on the automotive industry, customer concentration, import dependence and future expansion requirements.
Sumax Engineering IPO GMP
Sumax Engineering IPO GMP is an unofficial indicator of the premium quoted in the grey market. It is not determined by the stock exchanges and can change quickly.
The latest available grey-market indications have been around the ₹30-plus level. However, GMP should not be treated as a guaranteed listing price or return.
| Particular | Value |
|---|---|
| Upper IPO Price | ₹101 |
| Latest Reported GMP | Around ₹32–₹35 |
| Indicative GMP-Based Price | Around ₹133–₹136 |
| Indicative Premium | Around 32%–35% |
GMP is unofficial and can change before listing. Investors should not make an investment decision solely on the basis of grey-market activity.
Sumax Engineering IPO Subscription Status
The Sumax Engineering IPO opened for subscription on August 25, 2026 and will close on August 28, 2026.
On the first day, the issue received strong bidding, with the total issue reportedly subscribed approximately 2.94 times by 5:00 PM.
| Investor Category | Subscription Status |
|---|---|
| QIB | To be updated |
| NII | To be updated |
| Retail | To be updated |
| Employee | To be updated |
| Total | 2.94x* |
*Day 1 figure as reported at 5:00 PM on August 25, 2026. Final subscription will be known after the IPO closes.
Sumax Engineering IPO Allotment
The basis of allotment is scheduled for August 31, 2026.
Investors who receive shares will have them credited to their demat accounts according to the issue schedule. Investors who do not receive an allotment will have their blocked funds released according to the applicable process.
| Event | Date |
|---|---|
| IPO Closing | August 28, 2026 |
| Basis of Allotment | August 31, 2026 |
| Refund Initiation | September 1, 2026 |
| Demat Credit | September 1, 2026 |
| Listing | September 2, 2026 |
How to Check Sumax Engineering IPO Allotment Status
Investors can check the allotment status after the basis of allotment has been finalised.
Through the Registrar
- Open the IPO allotment section of the registrar.
- Select Sumax Engineering Limited.
- Select the appropriate identification method.
- Enter the required PAN, application number or other details.
- Complete the verification process.
- Submit the details to view the allotment status.
Through the Exchange
The application status may also be checked through the relevant exchange facility once the allotment information becomes available.
Sumax Engineering IPO Listing
Sumax Engineering shares are scheduled to list on September 2, 2026 on the NSE SME platform.
The actual listing price will be determined by market demand and trading conditions on the listing day. The GMP-based estimated price should not be treated as the confirmed listing price.
| Particular | Details |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | September 2, 2026 |
| Issue Price | ₹95–₹101 |
| Actual Listing Price | To be announced |
| Listing Gain | To be announced |
| Listing Gain % | To be announced |
Sumax Engineering IPO Anchor Investors
The company allotted 14,35,200 equity shares to anchor investors before the public subscription opened.
The anchor allocation represented approximately ₹14.50 crore at the upper price band. The anchor bidding took place on August 24, 2026.
| Particular | Details |
|---|---|
| Anchor Shares | 14,35,200 |
| Anchor Allocation | Approx. ₹14.50 Crore |
| Anchor Bidding Date | August 24, 2026 |
| IPO Opening Date | August 25, 2026 |
Sumax Engineering IPO Promoters
The promoters of Sumax Engineering Limited include Sudeep Mehta and Smriti Mehta.
The company had 1,47,31,500 shares before the IPO and the post-issue paid-up equity capital is expected to increase to 1,90,22,700 shares.
| Particular | Shares |
|---|---|
| Pre-IPO Paid-up Shares | 1,47,31,500 |
| Post-IPO Paid-up Shares | 1,90,22,700 |
| Pre-IPO Promoter & Promoter Group Holding | 96.73% |
| Post-IPO Promoter & Promoter Group Holding | 71.25% |
Sumax Engineering IPO Lead Manager
| Particular | Details |
|---|---|
| Lead Manager | GYR Capital Advisors Private Limited |
| Role | Book Running Lead Manager |
| Issue Type | Book Built SME IPO |
| Listing Platform | NSE SME |
Sumax Engineering IPO Registrar
| Particular | Details |
|---|---|
| Registrar | KFin Technologies Limited |
| Role | Registrar to the Issue |
| IPO | Sumax Engineering Limited |
Sumax Engineering Company Details
| Particular | Details |
|---|---|
| Company Name | Sumax Engineering Limited |
| CIN | U74210TG1994PLC019032 |
| Incorporation | December 21, 1994 |
| Registered Office | Plot No. 45, Shanthinikethan Colony, Mahendra Hills, East Marredpally, Secunderabad, Telangana – 500026 |
| Industry | Automotive Products / Engineering |
| Promoters | Sudeep Mehta and Smriti Mehta |
| Listing Platform | NSE SME |
| Website | sumaxindia.com |
The company was originally incorporated as Sumax Engineering Private Limited and later converted into a public limited company.
Sumax Engineering IPO Strengths
- Long operating history dating back to 1994.
- Presence in the Automotive OEM market.
- Presence in the Auto Refinish market.
- Combination of manufacturing and trading operations.
- Diversified product portfolio.
- Manufacturing of adhesive tapes and die-cut products.
- Presence in rubbing and polishing products.
- Exposure to automotive surface-care products.
- Entry into Paint Protection Film products.
- Manufacturing facilities support customised products.
- Proposed expansion through two additional manufacturing units.
- Proposed Rajasthan and Haryana facilities can increase manufacturing capacity.
- Strong improvement in EBITDA over recent years.
- PAT increased from ₹7.44 crore in FY2024 to approximately ₹12.75 crore in FY2026.
- Debt-to-equity ratio remained relatively low at 0.21x as of FY2026.
- ROCE stood at approximately 23.86%.
- ROE stood at approximately 23.10%.
- IPO proceeds will support capacity expansion and working capital.
Sumax Engineering IPO Risk Factors
- The company is heavily dependent on the automotive industry.
- A slowdown in automotive production can affect demand.
- Automotive customers may exert pricing pressure.
- The company has customer concentration risks.
- A significant portion of purchases is sourced through imports.
- Foreign-exchange fluctuations can affect input costs.
- International supply-chain disruptions may affect raw-material availability.
- Geopolitical events can disrupt imported supplies.
- Changes in automobile technology can affect product demand.
- The company competes with domestic and international players.
- Manufacturing expansion projects may face delays or cost overruns.
- New manufacturing facilities require additional capital and operational resources.
- Working-capital requirements can increase as the business expands.
- The company depends on timely payments from customers.
- Changes in raw-material prices can affect margins.
- The business may be affected by economic and automotive cycles.
- Customer relationships and order volumes are important for future revenue.
- SME-listed shares may experience higher volatility and lower liquidity.
- The actual post-listing market price may differ significantly from GMP indications.
- Future performance may not match the company’s recent growth.
Sumax Engineering IPO Review 2026
Sumax Engineering has an established presence in the automotive products segment, with a business model combining manufacturing and trading activities.
The company manufactures and supplies products such as adhesive tapes, die-cut components, rubbing and polishing compounds, buffing pads and other automotive consumables. It also trades tools, abrasives and body-shop products.
One of the key positives is the company’s financial improvement. Revenue from operations increased from ₹130.79 crore in FY2024 to ₹147.69 crore in FY2026, while PAT increased from ₹7.44 crore to approximately ₹12.75 crore during the same period. EBITDA also increased from ₹11.62 crore to approximately ₹19.07 crore.
The company’s debt position is relatively moderate compared with its net worth. The reported debt-to-equity ratio was 0.21x as of FY2026.
The IPO proceeds are primarily intended to support expansion. Approximately ₹4.89 crore is proposed for the Rajasthan manufacturing unit, ₹16.62 crore for the Haryana manufacturing unit and ₹12 crore for working capital.
The expansion strategy could increase the company’s manufacturing capabilities and help it serve additional customers and applications.
However, investors should carefully consider the company’s exposure to the automotive industry. A slowdown in vehicle production or weaker demand from automotive customers could affect the company’s business.
Import dependence is another important consideration. Changes in foreign exchange rates, international freight costs, geopolitical conditions or supply disruptions could affect the cost and availability of raw materials.
Customer concentration is also a risk because a significant portion of sales comes from a limited number of customers. Losing an important customer or experiencing lower orders could affect revenue.
Overall, Sumax Engineering has an established business, improving profitability, relatively moderate leverage and plans to expand manufacturing capacity. However, the company’s automotive concentration, import dependence, customer concentration and SME-market characteristics should be considered before making an investment decision.
Sumax Engineering IPO Conclusion
Sumax Engineering IPO is a ₹53.40 crore SME public issue comprising 52,87,200 equity shares. The price band is fixed at ₹95 to ₹101 per share.
The issue includes a fresh issue of 42,91,200 shares worth ₹43.34 crore and an offer for sale of 9,96,000 shares worth ₹10.06 crore at the upper price band.
The company operates in the Automotive OEM and Auto Refinish markets and has a diversified portfolio of adhesive, surface-care, polishing, masking, die-cut and other automotive products.
Its financial performance has improved, with PAT increasing from ₹7.44 crore in FY2024 to approximately ₹12.75 crore in FY2026. The company also reported a debt-to-equity ratio of 0.21x and ROCE of 23.86% for FY2026.
The fresh IPO proceeds will be used for construction of proposed manufacturing facilities in Rajasthan and Haryana, working-capital requirements and general corporate purposes.
At the same time, investors should evaluate automotive-sector dependence, import exposure, customer concentration, competition, expansion execution risks and SME-market volatility.
The IPO is scheduled to close on August 28, 2026, with allotment on August 31, 2026 and listing on September 2, 2026.
Sumax Engineering IPO FAQs
What is Sumax Engineering IPO?
Sumax Engineering IPO is a book-built SME public issue of Sumax Engineering Limited comprising a fresh issue and an offer for sale.
What is the Sumax Engineering IPO price band?
The price band is ₹95 to ₹101 per equity share.
What is the Sumax Engineering IPO issue size?
The total IPO size is approximately ₹53.40 crore at the upper price band.
What is the Sumax Engineering IPO lot size?
The lot size is 1,200 shares.
What is the minimum investment in Sumax Engineering IPO?
The minimum retail application is two lots, or 2,400 shares. At ₹101 per share, the minimum investment is ₹2,42,400.
When is Sumax Engineering IPO allotment?
The basis of allotment is scheduled for August 31, 2026.
When will Sumax Engineering shares be listed?
The shares are scheduled to list on the NSE SME platform on September 2, 2026.
What is Sumax Engineering IPO GMP?
The latest unofficial grey-market indications have been around ₹32–₹35 per share. GMP is unofficial and can change before listing.
What does Sumax Engineering Limited do?
Sumax Engineering manufactures and trades products used in the Automotive OEM and Auto Refinish markets, including adhesive tapes, die-cuts, polishing products, buffing pads, masking products and automotive care products.
Who are the promoters of Sumax Engineering?
The promoters are Sudeep Mehta and Smriti Mehta.
