Summary
Sumax Engineering is coming to the SME market with 52,87,200 equity shares. The offer includes 42,91,200 fresh shares and 9,96,000 shares through the OFS.
Bidding runs from 25 August to 28 August 2026. If the current schedule holds, the shares will list on NSE Emerge on 2 September 2026.
The price band is ₹95 to ₹101 per share, with 1,200 shares in one lot.
Individual investors need to apply for at least 2,400 shares, which comes to ₹2,42,400 at the upper price of ₹101.
Sumax Engineering IPO is a book-built SME issue of 52,87,200 equity shares, aggregating to about ₹53 crore at the upper end of the price band. The shares have a face value of ₹10 each and are being offered at ₹95 to ₹101 per share. The offer consists of a fresh issue of 42,91,200 shares and an offer for sale of 9,96,000 shares. Sumax Engineering’s shares are proposed to be listed on NSE Emerge.
For individual investors, the application starts at two lots. Since each lot has 1,200 shares, the minimum bid is for 2400 shares/ ₹2,42,400 at the upper end of the price band.
The IPO opens on 25 August 2026 and remains available for bidding until 28 August. Allotment is expected on 31 August, followed by refunds and share credit on 1 September. The shares are scheduled to list the next day.
Sumax Engineering IPO Details
Here is how the offer is structured, from its dates and pricing to the fresh issue and OFS portions:
| Particulars | Details |
| IPO Open Date | 25 August 2026 |
| Close Date | 28 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹101 per share |
| Issue price | – |
| IPO Lot Size | 1,200 shares |
| Offer for sale | 9,96,000 shares |
| Fresh issue | 42,91,200 shares |
| Issue Type | Book Built SME IPO |
| Listing at | NSE Emerge |
| Total Issue Size | 52,87,200 shares, aggregating up to about ₹53.40 crore |
| Minimum Investment | ₹2,42,400 for 2,400 shares at ₹101 |
Sumax Engineering IPO Timeline
The issue opens in the final week of August, with allotment and listing scheduled soon after bidding closes:
| Particulars | Date |
| IPO Open Date | 25 August 2026 |
| IPO Close Date | 28 August 2026 |
| Tentative Allotment | 31 August 2026 |
| Initiation of Refunds | 1 September 2026 |
| Credit of Shares to Demat | 1 September 2026 |
| Tentative Listing Date | 2 September 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 28 August 2026 |
Sumax Engineering Key Performance Indicators
The table below looks at Sumax Engineering’s profitability and capital-related indicators across the latest three financial years. A dash has been used where a comparable full-year figure could not be established.
| KPI | FY2026 | FY2025 | FY2024 |
| ROE | 23.10% | – | – |
| ROCE | 23.86% | 24.63% | 23.32% |
| Debt Equity | 0.21 | 0.16 | 0.17 |
| RoNW | 20.71% | 20.42% | 19.11% |
| PAT Margin | 8.64% | 6.84% | 5.69% |
| EBITDA Margin | 12.86% | 10.21% | 8.84% |
| Price Book Value | 2.41 | – | – |
Sumax Engineering IPO Financials
A look at the last three financial years shows that profits have risen much faster than the topline:
| Particulars | FY2024 | FY2025 | FY2026 |
| Revenue from Operations | 130.79 | 146.13 | 147.69 |
| Total Assets | 54 | 66.14 | 84.81 |
| Profit After Tax | 7.43 | 9.98 | 12.76 |
Sumax Engineering India IPO Subscription Status
Subscription Details Not Yet Available
As of 20 August 2026, the issue is still awaiting its first day of bidding. Subscription numbers will start coming in once applications open on 25 August.
Investors can generally place their bids between 10:00 AM and 5:00 PM while the public issue is open.
Sumax Engineering IPO Grey Market Premium (GMP Today)
For Sumax, the latest dated grey-market quote available is from 18 August 2026, when the GMP was ₹10 a share. With the upper end of the price band at ₹101, the corresponding grey-market price comes to around ₹111. That puts the premium at approximately 9.90%.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 24-08-2026 | ₹32 ─ | ₹133 (31.68%) | ₹38,400 | 24-Aug-2026 11:29 |
| 23-08-2026 | ₹32 ─ | ₹133 (31.68%) | ₹38,400 | 23-Aug-2026 23:29 |
| 22-08-2026 | ₹32 ─ | ₹133 (31.68%) | ₹38,400 | 22-Aug-2026 23:35 |
| 21-08-2026 | ₹32 ─ | ₹133 (31.68%) | ₹38,400 | 21-Aug-2026 23:32 |
| 20-08-2026 | ₹32 ▲ | ₹133 (31.68%) | ₹38,400 | 20-Aug-2026 23:28 |
| 19-08-2026 | ₹30 ▲ | ₹131 (29.70%) | ₹36,000 | 19-Aug-2026 23:35 |
| 18-08-2026 | ₹20 ─ | ₹121 (19.80%) | ₹24,000 | 18-Aug-2026 23:33 |
Note: GMP (Grey Market Premium) values come from the unofficial grey market and can change quickly depending on demand, subscription levels and broader market sentiment.
Sumax Engineering IPO Reservation
A portion of the issue has been reserved for the market maker and employees, while the remaining shares are allocated among QIBs, NIIs and individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | Up to 2,66,400 shares |
| QIB Shares Offered | Up to 24,09,600 shares |
| NII (HNI) Shares Offered | At least 7,27,200 shares |
| Individual Investor Shares Offered | At least 16,92,000 shares |
| Employee Shares Offered | Up to 1,92,000 shares |
| Net Offer | 50,20,800 shares |
| Total Shares Offered | 52,87,200 shares |
Sumax Engineering IPO Lot Size
One lot contains 1,200 shares. Based on the upper price of ₹101, this is how the application amounts work across investor categories:
| Application | Lots | Shares | Amount |
| Individual Investors (Min) | 2 | 2,400 | ₹2,42,400 |
| Individual Investors (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 |
Sumax Engineering IPO Anchor Investors
Anchor bidding for the Sumax Engineering IPO is set for 24 August 2026, one day before the issue opens to the public. The anchor investor details are not available yet. Once announced, they will show the shares allotted, amount raised and relevant lock-in dates.
Sumax Engineering IPO Prospectus
These are the offer documents currently available for the issue:
About Sumax Engineering
Sumax Engineering has been in existence since 21 December 1994, when it was incorporated as Sumax Engineering Private Limited. Nearly three decades later, the company changed its status from private to public.
Following the conversion, a fresh certificate of incorporation dated 18 September 2024 recorded its present name, Sumax Engineering Limited. The company’s registered office is located in Secunderabad, Telangana.
The company operates in the automotive OEM and auto-refinish markets. Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing pads, reflective tapes, domes and graphics, and car-care products. It also trades in electrical and pneumatic tools, abrasive products, body-shop consumables, accessories and aerosol products.
| Particulars | Details |
| Founded | 1994 |
| Managing Director | Sudeep Mehta |
| Services/Products | Automotive OEM and auto-refinish products |
| Book Running Lead Manager | GYR Capital Advisors Private Limited |
| Registrar of the Issue | KFin Technologies Limited |
Sudeep Mehta and Smriti Mehta are the promoters of Sumax Engineering. GYR Capital Advisors Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar to the issue.
Objectives of Sumax Engineering
Sumax plans to put a sizeable part of the fresh issue towards two new manufacturing facilities. Working capital is another stated use of the proceeds:
| Objective | Amount |
| Manufacturing Unit I at Tapukara, Rajasthan | ₹4.88 crore |
| Manufacturing Unit II at Badli, Jhajjar, Haryana | ₹16.62 crore |
| Working capital requirements | ₹12.00 crore |
| General corporate purposes | – |
Taken together, the proposed facilities at Tapukara and Badli account for ₹21.50 crore of the planned deployment. A further ₹12 crore has been allocated towards working-capital requirements.
Strengths of Sumax Engineering
- Long operating history: Sumax has been in business since 1994, giving it more than three decades of operating experience in automotive and related product categories.
- Earnings have grown faster than sales: Revenue stood at ₹130.79 crore in FY2024 and ₹147.69 crore in FY2026. During the same period, PAT moved from ₹7.43 crore to ₹12.76 crore.
- Margins have moved up: Sumax’s PAT margin was 5.69% in FY2024. Based on the latest full-year numbers, it stands at about 8.64% for FY2026.
- Fresh capacity is part of the IPO plan: Sumax has set aside ₹21.50 crore for its proposed manufacturing units at Tapukara in Rajasthan and Badli in Haryana.
Risks of Sumax Engineering
- Revenue growth slowed in the latest year: Revenue stood at ₹146.13 crore in FY2025 and ₹147.69 crore in FY2026, showing a relatively small increase during the year.
- Borrowings have increased: Total borrowings moved from ₹7.75 crore in FY2025 to ₹13.06 crore in FY2026.
- The new plants will need to be executed as planned: Sumax intends to spend about ₹21.50 crore on two manufacturing facilities. Any delay in commissioning them, higher-than-planned costs or slower capacity utilisation could reduce the benefit expected from this investment.
- Automotive demand matters to the business: Sumax supplies automotive OEM and auto-refinish customers. Changes in production volumes, aftermarket demand and competitive pricing can therefore have an impact on the business.
Sumax Engineering IPO Review
Sumax comes to the IPO with a long operating record and stronger earnings than two years ago. Revenue moved from ₹130.79 crore in FY2024 to ₹147.69 crore in FY2026, while PAT reached ₹12.76 crore from ₹7.43 crore. Profit growth has therefore been stronger than sales growth. Part of the IPO proceeds will also go into additional manufacturing capacity in Rajasthan and Haryana.
The latest year also gives investors a few points to examine more closely. Revenue was ₹146.13 crore in FY2025 and ₹147.69 crore in FY2026, so the increase was relatively small. Borrowings, meanwhile, moved from ₹7.75 crore to ₹13.06 crore. Sumax is also putting money into two new manufacturing units. These factors need to be read alongside the improvement in profits and margins when assessing the issue at the upper price of ₹101.
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Sumax Engineering IPO FAQs
Sumax Engineering IPO is a book-built SME issue of 52,87,200 equity shares. It comprises a fresh issue of 42,91,200 shares and an OFS of 9,96,000 shares. The shares are proposed to list on NSE Emerge.
Investors can apply through a broker offering IPO applications or an ASBA-enabled bank. Eligible individual investors can also authorise their application through UPI.
Sumax has recorded higher PAT and better margins over the last two financial years, while part of the fresh issue will fund new manufacturing capacity. Investors should also consider the slower revenue growth in FY2026, higher borrowings and the execution involved in setting up the proposed plants before taking a decision.
The latest available dated GMP for Sumax was ₹10 on 18 August 2026. With the upper price band at ₹101, the grey-market indication comes to roughly ₹111 a share. That is about 9.90% above the upper issue price. This is an unofficial market indication and can move before the stock lists.
The Sumax Engineering IPO starts accepting bids on 25 August 2026. The bidding window closes on 28 August 2026.
One lot has 1,200 shares. For individual investors, however, the minimum application is two lots. That means applying for 2,400 shares, costing ₹2,42,400 if the bid is made at ₹101 per share.
The application can be made through a broker’s IPO facility or through a bank that supports ASBA. After choosing Sumax Engineering, enter the bid details and number of lots. If UPI is being used for the application, the mandate also needs to be approved.
The tentative allotment date for the Sumax Engineering IPO is 31 August 2026.
Sumax Engineering shares are tentatively scheduled to list on NSE Emerge on 2 September 2026.
