About Sumax Engineering IPO
Sumax Engineering IPO Details
Sumax Engineering IPO is a book-built SME public issue of ₹53.40 crore, comprising a fresh issue of up to 42,91,200 equity shares aggregating to ₹43.34 crore and an offer for sale (OFS) of up to 0.10 crore equity shares aggregating to ₹10.06 crore. The total issue comprises 52,87,200 equity shares with a face value of ₹10 each, proposed to be listed on the NSE Emerge platform.
The price band is fixed at ₹95–₹101 per share and the market lot is 1,200 shares. Retail investors must apply for a minimum of two lots, or 2,400 shares, requiring an investment of ₹2,42,400 at the upper price band. The IPO opens for subscription on August 25, 2026 and closes on August 28, 2026. The shares are tentatively scheduled to list on NSE Emerge on September 2, 2026.
Sumax Engineering IPO Date & Timeline
The Sumax Engineering IPO is set to open for subscription on August 25, 2026 and close on August 28, 2026. The anchor investor allocation is scheduled for August 24, 2026. The basis of allotment is expected to be finalised on August 31, 2026. Refunds are expected to be initiated and shares credited to successful investors’ demat accounts on September 1, 2026. The equity shares are tentatively scheduled to list on NSE Emerge on September 2, 2026.
Sumax Engineering IPO Timeline
| IPO Open Date | Tue, Aug 25, 2026 |
| IPO Close Date | Fri, Aug 28, 2026 |
| Basis of Allotment | Mon, Aug 31, 2026 |
| Initiation of Refunds | Tue, Sep 1, 2026 |
| Credit of Shares to Demat | Tue, Sep 1, 2026 |
| Listing Date | Wed, Sep 2, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Sumax Engineering IPO Details
| Detail | Description |
|---|---|
| IPO Date | 25 to 28 Aug, 2026 |
| Listing Date | 2 Sep, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 95 to ₹ 101 |
| Lot Size | 1,200 Shares |
| IPO Type | Fresh capital cum OFS |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,47,31,500 shares |
| Share Holding Post Issue | 1,90,22,700 shares |
Sumax Engineering IPO GMP
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Sumax Engineering IPO GMP is currently trading at ₹30, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹131, which is 29.70% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹101 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹32 and a lot size of 1200 shares.
Sumax Engineering GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 21 Aug 2026 | ₹101 | ₹32 | 21 Aug, 202610:14 AM |
| 20 Aug 2026 | ₹101 | ₹30 | 20 Aug, 202610:14 AM |
| 19 Aug 2026 | ₹101 | ₹20 | 19 Aug, 202610:20 AM |
| 18 Aug, 2026 | ₹101 | ₹10 | 18 Aug, 202611:47 AM |
Company Background
Sumax Engineering Limited, incorporated in 1994, operates in the automotive OEM and auto-refinish markets through manufacturing and trading activities. The company manufactures and trades a range of products for the automotive OEM and auto-refinish markets, including surface-treatment products, automotive consumables and related accessories. Its operations include manufacturing, product customisation and supply to customers in the automotive OEM and auto-refinish segments.
The company is headquartered at Plot No. 45, Shanthinikethan Colony, Mahendra Hills, East Marredpally, Secunderabad, Telangana – 500026.
Operations and Product Range
Sumax Engineering operates in the automotive OEM and auto-refinish markets through manufacturing and trading of automotive consumables, surface-treatment products and related accessories. Its product portfolio includes:
- • Manufactured products: 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.
- • Traded products: Electrical and pneumatic tools, abrasive sheets, discs and rolls, body-shop consumables, retail products, accessories and aerosol products.
The company’s revenue depends on product demand, customer relationships, raw-material availability, manufacturing capacity, product quality, pricing and timely delivery.
Facilities and Capacity
Sumax Engineering’s manufacturing capacity is supported by its in-house processing facilities, machinery, workforce, raw-material sourcing and order-execution capabilities. The company proposes to establish two additional manufacturing units: Unit I at RIICO Industrial Area, Karoli, Tapukara, Rajasthan and Unit II at Model Economic Township, Village Nimana, Tehsil Badli, District Jhajjar, Haryana.
The company has earmarked ₹4.89 crore for construction of Unit I in Rajasthan, ₹16.62 crore for construction of Unit II in Haryana and ₹12.00 crore for working-capital requirements, aggregating to ₹33.51 crore excluding general corporate purposes. Timely construction, commissioning and capacity utilisation will be key determinants of the expansion’s financial benefits.
Brands and Market Presence
Sumax Engineering primarily operates as a business-to-business engineering manufacturer rather than a consumer-facing brand. Its market position depends on manufacturing quality, product customisation, delivery timelines, pricing competitiveness and relationships with industrial customers.
The company’s planned facilities in Rajasthan and Haryana may support expansion beyond its existing operating footprint and improve its ability to cater to customers in northern and western India.
Revenue Streams and Business Model
Sumax Engineering earns revenue through the manufacture and trading of products serving the automotive OEM and auto-refinish markets. Its manufacturing division produces adhesive tapes, die-cuts, polishing compounds, buffing pads, reflective tapes, domes, graphics and car-care products, while its trading division supplies tools, abrasives, body-shop consumables, accessories and aerosol products.
The business requires sourcing of raw materials and traded goods, in-house processing, inventory management, quality control and distribution to customers. Revenue growth depends on demand from automotive OEMs and auto-refinish customers, product mix, manufacturing utilisation, supplier terms, price competition and working-capital discipline.
Financial Performance
Sumax Engineering Ltd. reported revenue from operations of ₹148.34 crore in FY26, compared with ₹147.18 crore in FY25 and ₹131.54 crore in FY24. While FY26 revenue was broadly stable year-on-year, it was higher than FY24 levels.
Profit after tax (PAT) increased to ₹12.76 crore in FY26 from ₹9.98 crore in FY25 and ₹7.43 crore in FY24. PAT margin improved to approximately 8.60% in FY26, compared with around 6.78% in FY25 and 5.65% in FY24. The company’s assets rose to ₹84.81 crore in FY26 from ₹66.14 crore in FY25 and ₹54.00 crore in FY24. EBITDA increased to ₹19.08 crore in FY26 from ₹15.03 crore in FY25 and ₹11.63 crore in FY24, translating into an EBITDA margin of approximately 12.86% in FY26.
Management and Shareholding
Sumax Engineering Limited is promoted by Mr. Sudeep Mehta and Mrs. Smriti Mehta. The fresh issue will add new capital to the company, while the OFS will transfer existing shares held by selling shareholders to public investors. Proceeds from the OFS will go to the selling shareholders and will not accrue to the company.
The promoter and promoter group held 96.74% of the company’s equity before the IPO and are expected to hold 71.25% after the issue. Public shareholding is expected to increase from 3.26% before the IPO to 28.75% after the issue.
Board and Key Management
The board of Sumax Engineering comprises executive, non-executive and independent directors responsible for strategy, operations, manufacturing oversight, financial management and corporate governance. The senior management team oversees production planning, raw-material procurement, quality control, customer delivery, working capital and execution of the proposed Rajasthan and Haryana expansion projects.
Sumax Engineering IPO Financial Information
Latest Revenue
147.69
₹ Crore
Profit After Tax
12.76
₹ Crore
Net Worth
61.60
₹ Crore
Total Borrowing
13.06
₹ Crore
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 84.81 | 147.69 | 12.76 | 61.60 | 46.88 | 13.06 |
| 31 Mar 2025 | 66.14 | 146.13 | 9.98 | 48.84 | 46.75 | 7.75 |
| 31 Mar 2024 | 54.00 | 130.79 | 7.43 | 38.86 | 36.77 | 6.43 |
| Amount in ₹ Crore | ||||||
Sumax Engineering Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 23.10 % |
| ROCE | 23.86 % |
| Debt/Equity | 0.21 |
| RoNW | 20.71 % |
| PAT Margin | 8.64 % |
| EBITDA Margin | 12.86 % |
| Price to Book Value | 2.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.66 | 6.71 |
| P/E (x) | 11.66 | 15.05 |
Sumax Engineering IPO Objectives
The company intends to use the net proceeds from the fresh issue for the following purposes:
- • Construction of proposed Manufacturing Unit I at RIICO Industrial Area, Karoli, Tapukara, Rajasthan: ₹4.89 crore
- • Construction of proposed Manufacturing Unit II at Model Economic Township, Village Nimana, Tehsil Badli, District Jhajjar, Haryana: ₹16.62 crore
- • Funding working-capital requirements: ₹12.00 crore
- • General corporate purposes
The identified allocation is ₹33.51 crore, excluding general corporate purposes. Proceeds from the OFS will go to the selling shareholders and will not be received by the company.
Sumax Engineering IPO Review
Sumax Engineering offers exposure to an engineering-manufacturing SME with plans to expand its manufacturing capacity through new facilities in Rajasthan and Haryana. The investment case is based on the company’s ability to translate the capacity expansion into higher order inflows, broaden its customer base and sustain profitability.
Financially, revenue from operations was broadly flat at ₹148.34 crore in FY26 versus ₹147.18 crore in FY25, but PAT increased by approximately 27.9% to ₹12.76 crore. This indicates better profitability and cost management; however, investors should assess whether margins can be maintained during the capacity-expansion phase.
Key risks include raw-material price volatility, customer or order concentration, project execution and commissioning risk at the proposed new plants, working-capital requirements and lower liquidity typically associated with NSE Emerge shares. The market’s unofficial GMP indication should not substitute for a fundamental assessment of valuation and future cash generation.
Conclusion
Sumax Engineering IPO provides exposure to an engineering-manufacturing business with improving profitability and an identified plan to build manufacturing capacity in Rajasthan and Haryana. The fresh-issue proceeds are primarily intended for expansion, while the OFS proceeds will accrue to selling shareholders.
Investors should assess the company’s ability to execute new facilities on time, convert capacity into revenue, manage raw-material costs and working capital and maintain its improving profit margins.
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Competitive Strengths
Improving profitability: PAT increased from ₹7.43 crore in FY24 to ₹9.98 crore in FY25 and ₹12.76 crore in FY26.
Capacity-expansion plan: Identified proceeds of approximately ₹33.51 crore are earmarked for manufacturing units in Rajasthan and Haryana.
Automotive product portfolio: The company manufactures and trades products for the automotive OEM and auto-refinish markets, including adhesive tapes, polishing compounds, buffing pads, abrasives, tools and body-shop consumables.
Growing asset base: Total assets increased from ₹54.00 crore in FY24 to ₹84.81 crore in FY26.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | 2,42,400 |
| Individual investors (Retail) (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 |