Sumax Engineering IPO Date, Review, Price, Allotment Details

Sumax Engineering IPO opens on 25-28 August and is a SME issue among the upcoming Indian IPOs. The company aims to raise ₹53 Cr via this future IPO in India with a price range of ₹95 to ₹101 per share.

Current GMP

₹22

Expected Gain: ₹123 (21.78%)

Subscription

162.94x

Times Subscribed

Sumax Engineering IPO Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

Minimum retail investment

₹1,21,200

1200 shares at the upper band of ₹101

Fresh issue share

77.4%

₹41 Cr of the ₹53 Cr issue

Revenue growth

+0.8%

31 Mar 2025 → 31 Mar 2026

Profit growth

+27.9%

PAT ₹9.98 Cr → ₹12.76 Cr

Net profit margin

8.6%

was 6.8% in 31 Mar 2025

Debt to equity

0.21

lower is safer

Return on equity

23.1%

ROE

Peer listing record

2 of 5 listed above issue price

median listing move -8.7%

Total subscription

162.94x

across all categories

GMP-implied listing gain

+21.8%

₹22 premium on a ₹101 issue price

Promoter holding

96.73% → 69.67%

diluted by 27.1 percentage points

A retail application for Sumax Engineering needs one lot of 1200 shares, which works out to ₹1,21,200 at the upper band of ₹101. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.

The issue splits into ₹41 Cr of fresh capital (77.4%) and ₹10 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.

Revenue moved from ₹147.18 Cr in 31 Mar 2025 to ₹148.34 Cr in 31 Mar 2026 (+0.8%), while profit after tax went from ₹9.98 Cr to ₹12.76 Cr (+27.9%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.

Recently listed companies in the same space trade at a median price-to-earnings ratio of about 19.6. Comparing that with the multiple implied by this issue's ₹95–₹101 band is a more useful test of pricing than looking at the grey market premium alone.

A grey market premium of ₹22 on the upper band of ₹101 implies a listing gain of roughly 21.8%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

What looks good

Profit is growing faster than revenue, suggesting improving operating efficiency.
A debt-to-equity ratio of 0.21 points to a conservatively funded balance sheet.
Return on equity of 23.1% is strong for the sector.

What to watch

Only 2 of the last 5 comparable IPOs closed above their issue price on listing day.

This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.

IPO Date	25-28 August
Face Value	₹10 Per Share
Price Range	₹95 to ₹101
Issue Size	₹53 Cr
Lot Size	1,200 Shares
Allotment Date	31 Aug 2026
Listing Date	2 Sep 2026
Registrar	Kfin Technologies Ltd.

Quota Allocation

Category	Allocation
Retail Investors	32%
QIB (Qualified Institutional Buyers)	45.57%
HNI (High Net Worth Individuals)	13.75%

Subscription Status (Category-wise)

Investor Category	Subscription (times)
QIB (Ex Anchor)	79
NII***	0
Individual Investors	1,12,081
Total **	1,37,090
Qualified Institutional	121.28x
Non Institutional	270.70x
Retail Individual	158.98x
Total	162.94x

IPO Details

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%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	2,400	₹2,42,400
Individual investors (IND) (Max)	2	2,400	₹2,42,400
S-HNI (Min)	3	3,600	₹3,63,600
S-HNI (Max)	8	9,600	₹9,69,600
B-HNI (Min)	9	10,800	₹10,90,800
Employee (Min)	2	2,400	₹2,42,400
Employee (Max)	4	4,800	₹4,84,800

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

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

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

Recently Listed IPOs in Other Industrial Products

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Technocrats Plasma Systems Ltd.	SME	₹60.98 Cr	₹132	11.38	₹241.50	+82.95%	₹292.45
Liotech Industries Ltd.	SME	₹36.03 Cr	₹321	23.13	₹244.15	-23.94%	₹91.00
Narmadesh Brass Industries Ltd.	SME	₹44.87 Cr	₹515	19.63	₹470.25	-8.69%	₹317.30
Abril Paper Tech Ltd.	SME	₹13.42 Cr	₹61	24.96	₹49.38	-19.05%	₹34.53
Hy-Tech Engineers Ltd.	Mainboard	₹135.73 Cr	₹53	19.63	₹78.75	+48.58%	₹78.55

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

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

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	96.73%	69.67%
Public	3.27%	30.33%
Total	100%	100%

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

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

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

About Sumax Engineering

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.

Experienced Promoters, management and operating team

Advanced In-House Processing Facilities

Focused on Cost Competitiveness

Efficient Logistics and Supply Chain Management

Sumax Engineering IPO FAQs - Future IPOs India

Q1. What is Sumax Engineering IPO?

Sumax Engineering IPO is a SME issue among the new IPOs coming in India. The company will raise ₹53 Cr via this upcoming Indian IPO, priced at ₹95 to ₹101 per equity share.

Q2. When will Sumax Engineering IPO open for subscription?

This future IPO opens on 25-28 August. Stay updated with all IPOs to come this week and upcoming launches.

Q3. What is Sumax Engineering IPO Investors' Portion?

QIB: 45.57%, HNI: 13.75%, Retail: 32%

Q4. What is Sumax Engineering IPO Issue Size?

Total issue size is ₹53 Cr.

Q5. What is Sumax Engineering IPO Price Band?

The price band is ₹95 to ₹101 per equity share.

Q6. What is Sumax Engineering IPO Lot Size?

Minimum bid is 1,200 shares.

Q7. What is the Sumax Engineering IPO Allotment Date?

The allotment will be finalized on 31 Aug 2026.

Q8. What is the Sumax Engineering IPO Listing Date?

The IPO will list on 2 Sep 2026.

Investment Disclaimer

This information is for educational purposes only. Please conduct your own research and consult with financial advisors before making investment decisions. IPO investments carry market risks.