Sumax Engineering IPO GMP today is Rs 22. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
SUMAX
Sumax Engineering IPO GMP, Subscription & Allotment Status Today
Sumax Engineering is engaged in the manufacturing and trading of a diverse range of products for the Automotive Original Equipment Manufacturer (OEM) and Auto Refinish markets. The company’s manufacturing division produces adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, printing solutions, domes, graphics, and a range of car care products. Its trading segment supplies essential items such as electrical and pneumatic tools, abrasive materials, body shop consumables, and aerosol products. The company adheres to ISO 9001:2015 and IATF 16949:2016 certifications, ensuring its products meet both national and international quality standards. By utilizing premium-grade raw materials and maintaining rigorous quality control, Sumax Engineering aims to deliver reliable and high-performance solutions tailored to the evolving demands of the automotive industry.
- Price Band
- ₹95.00 - ₹101.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 28 Aug 2026
- Listing Date
- 02 Sept 2026
Current GMP Status
₹22
+21.78% vs upper band
Est. Listing Gain
+21.78%
Last Trend
02 Sept 2026
Listing Price
Est. ₹123
Retail Entry
₹2,42,400
IPO Details
Complete IPO information
| Current GMP | ₹22 |
|---|---|
| Estimated Listing Gain | +21.78% |
| Price Band | ₹95.00 - ₹101.00 |
| Issue Price | Approx ₹101.00 Crores |
| Listing Price | Est. ₹123 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE SME |
| Retail Quota | TBA |
| Overall Subscription | 162.94x |
| Listing Date | 02 Sept 2026 |
| Minimum Investment | ₹2,42,400 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 9.74 | 1181.78 | 121.28x |
| NII | 7.27 | 1968.53 | 270.70x |
| Retail | 16.92 | 2689.94 | 158.98x |
| Overall Subscription | 35.86 | 5842.28 | 162.94x |
Head-to-head
Compare Sumax Engineering IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Sumax Engineering is priced at ₹101 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,42,400 to participate in this SME issue.
The latest recorded Grey Market Premium for Sumax Engineering stands at ₹22, implying an estimated listing gain of around 21.78% over the issue price if it holds until listing. This is down ₹14 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Sumax Engineering's IPO was subscribed 162.94x overall, with a category-wise breakdown of Retail 158.98x, QIB 121.28x, NII 270.7x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
25 Aug 2026
✓
Bidding Closes
28 Aug 2026
03
Allotment Next
31 Aug 2026
04
Listing
02 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Sept 2026 | ₹22.00 | -₹14.00 | 21.78% |
| 01 Sept 2026 | ₹36.00 | +₹1.00 | 35.64% |
| 31 Aug 2026 | ₹35.00 | +₹10.00 | 34.65% |
| 28 Aug 2026 | ₹25.00 | - | 24.75% |
| 27 Aug 2026 | ₹25.00 | -₹10.00 | 24.75% |
| 26 Aug 2026 | ₹35.00 | +₹3.00 | 34.65% |
| 25 Aug 2026 | ₹32.00 | - | 31.68% |
| 24 Aug 2026 | ₹32.00 | - | 31.68% |
| 21 Aug 2026 | ₹32.00 | +₹12.00 | 31.68% |
| 19 Aug 2026 | ₹20.00 | - | 19.80% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,42,400 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,42,400 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,63,600 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,69,600 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹10,90,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Sumax Engineering IPO Details
The Sumax Engineering IPO is an NSE SME book-built issue with a total issue size of approximately ₹53.40 crores. The public offer comprises a fresh issue of approximately ₹43.34 crores along with an Offer for Sale (OFS) of approximately 9,96,000 equity shares.
The IPO is scheduled to open for subscription on August 25, 2026 and close on August 28, 2026. The company has fixed the IPO price band at ₹95 to ₹101 per equity share, while the face value is ₹10 per share. The equity shares are proposed to be listed on the NSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹95 to ₹101 Per Share |
| Issue Size | Approx ₹53.40 Crores |
| Fresh Issue | Approx ₹43.34 Crores |
| Offer for Sale | Approx 9,96,000 Equity Shares |
| Issue Type | Book-build Issue |
| IPO Listing | NSE SME |
Note: Sumax Engineering is engaged in manufacturing and trading products for the automotive OEM and auto refinish markets, including adhesive tapes, polishing compounds, buffing pads, car-care products, abrasives and body-shop consumables.
Analysis
Sumax Engineering IPO Market Lot
Sumax Engineering IPO Review & Key Points
Sumax Engineering operates in the automotive OEM and auto-refinish markets with a diversified portfolio covering adhesive tapes, die-cuts, polishing compounds, buffing pads, car-care products, abrasives, tools and other automotive consumables.
- Established Business: The company has been operating since 1994 and has built experience in automotive-related manufacturing and trading.
- Diversified Product Portfolio: Its products cater to automotive OEMs as well as the auto-refinish aftermarket.
- Expansion Plans: IPO proceeds are proposed to support new manufacturing facilities and working capital requirements.
- Industry Dependency: Business performance is linked to demand and activity levels in the automotive sector.
- Customer Concentration Risk: A significant portion of revenue is derived from major customers, creating concentration risk.
- SME IPO Risk: Investors should consider liquidity, price volatility and the comparatively higher application amount associated with SME IPOs.
The Sumax Engineering IPO minimum market lot is 2,400 shares. At the upper IPO price of ₹101 per share, the minimum Retail application amount is ₹2,42,400.
| Employee (Minimum) | 2 | 2,400 | ₹2,42,400 |
| Employee (Maximum) | 4 | 4,800 | ₹4,84,800 |
Note: Application amounts above are calculated using the upper price band of ₹101 per share. Investors should verify the final lot size and application structure in the final IPO offer documents before applying.
Analysis
Sumax Engineering IPO Reservation
The Sumax Engineering IPO reservation is divided among Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and other applicable categories.
Anchor Investors are allocated 14,35,200 shares, representing approximately 27.14% of the issue. Qualified Institutional Buyers excluding the anchor portion are offered 9,74,400 shares, or approximately 18.43%.
The NII category is allocated 7,27,200 shares, representing around 13.75%, while Retail Individual Investors are offered 16,92,000 shares, accounting for approximately 32.00% of the issue.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 14,35,200 Shares | 27.14% |
| QIB (Ex. Anchor) | 9,74,400 Shares | 18.43% |
| NII Shares Offered | 7,27,200 Shares | 13.75% |
| Retail Shares Offered | 16,92,000 Shares | 32.00% |
Note: The percentages shown above reflect the category-wise allocation provided for the Sumax Engineering IPO. The listed categories total approximately 91.32% of the issue, with the remaining portion attributable to other applicable reservations or allocations.
Analysis
Sumax Engineering IPO Anchor Investors
The Sumax Engineering IPO anchor bidding is scheduled for August 24, 2026, one day before the IPO opens for public subscription. The company has allocated 14,35,200 equity shares for the anchor investor category.
Based on the upper IPO price of ₹101 per share, the 14,35,200-share anchor portion would be valued at approximately ₹14.50 crores. The final anchor investor list and allocation details will be available after completion of the anchor bidding process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 24, 2026 |
| Anchor Investors List | – |
| Shares Offered | 14,35,200 Shares |
| Anchor Size | Approx ₹14.50 Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | September 23, 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | November 22, 2026 |
Note: The estimated anchor size of ₹14.50 crores is calculated using 14,35,200 shares at the upper price band of ₹101 per share. The final anchor size and investor list should be updated after the official anchor allocation announcement.
Analysis
Sumax Engineering IPO Dates
The Sumax Engineering IPO will open for subscription on August 25, 2026 and close on August 28, 2026. Investors can submit their IPO applications during this subscription period.
The Sumax Engineering IPO allotment is expected to be finalized on August 31, 2026. Refunds for unsuccessful applicants and the credit of shares to successful investors' demat accounts are scheduled for September 1, 2026. The shares are scheduled to list on the NSE SME platform on September 2, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Basis of Allotment | August 31, 2026 |
| Refunds | September 1, 2026 |
| Credit to Demat Account | September 1, 2026 |
| IPO Listing Date | September 2, 2026 |
Note: The above table summarizes the Sumax Engineering IPO timeline, including the opening date, closing date, basis of allotment, refund initiation, demat credit and proposed NSE SME listing date.
Analysis
Sumax Engineering IPO Promoters and Holding Pattern
The promoters of Sumax Engineering are Sudeep Mehta and Smriti Mehta. Before the IPO, the promoter and promoter group collectively hold 1,42,49,100 equity shares, representing approximately 96.73% of the company's pre-issue share capital.
Other shareholders hold 4,82,400 equity shares, representing approximately 3.27% of the pre-IPO share capital. Following completion of the IPO, the promoter and promoter group holding is expected to stand at approximately 71.25%, while other shareholders will account for approximately 28.75%.
The company's total outstanding equity shares are expected to increase from 1,47,31,500 shares before the IPO to 1,90,22,700 shares after the issue.
Promoters of Sumax Engineering
- Sudeep Mehta
- Smriti Mehta
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,42,49,100 | 96.73% | – | 71.25% |
| Others* | 4,82,400 | 3.27% | – | 28.75% |
| Total | 1,47,31,500 | 100% | 1,90,22,700 | 100% |
Note: Based on the provided holding pattern, promoter and promoter group ownership is expected to decline from 96.73% pre-IPO to 71.25% post-IPO, while the shareholding of others is expected to increase to 28.75%.
Analysis
Sumax Engineering IPO Objects of the Issue & Utilisation of Proceeds
Sumax Engineering proposes to utilise the proceeds from the fresh issue primarily towards expanding its manufacturing infrastructure and meeting the company's working capital requirements. A portion of the net proceeds will also be available for general corporate purposes.
The company plans to utilise approximately ₹4.89 crores towards construction of its proposed Manufacturing Unit I in Rajasthan and approximately ₹16.62 crores towards construction of the proposed Manufacturing Unit II in Haryana. Another ₹12.00 crores is proposed to be used for working capital requirements.
| Purpose | Amount |
|---|---|
| Funding of Capital Expenditure towards construction of proposed Manufacturing Unit I at Plot No. E-185, RIICO Industrial Area, Karoli, Tehsil Tapukara, Rajasthan | ₹4.89 Cr. |
| 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, Haryana | ₹16.62 Cr. |
| Funding working capital requirements of the Company | ₹12.00 Cr. |
| General Corporate Purposes | ₹- |
Note: The specifically identified utilisation totals approximately ₹33.51 crores. The balance net proceeds from the fresh issue may be utilised for general corporate purposes and applicable issue-related requirements.
Analysis
About Sumax Engineering
To be updated soon
Analysis
Sumax Engineering IPO Company Financial Report
Sumax Engineering reported revenue of ₹131.54 crores in FY2024, which increased to ₹147.18 crores in FY2025 and further reached ₹148.34 crores in FY2026. While revenue growth moderated in FY2026, the company continued to improve its profitability.
Profit After Tax (PAT) increased consistently from ₹7.43 crores in FY2024 to ₹9.98 crores in FY2025 and further to ₹12.76 crores in FY2026. This indicates that earnings grew faster than revenue over the three-year period.
The company's asset base also expanded from ₹54.00 crores in FY2024 to ₹66.14 crores in FY2025 and ₹84.81 crores in FY2026, reflecting continued investment and expansion in the business.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹131.54 Cr. | ₹121.52 Cr. | ₹7.43 Cr. | ₹54.00 Cr. |
| 2025 | ₹147.18 Cr. | ₹133.75 Cr. | ₹9.98 Cr. | ₹66.14 Cr. |
| 2026 | ₹148.34 Cr. | ₹132.10 Cr. | ₹12.76 Cr. | ₹84.81 Cr. |
Amount in ₹ Crores: Between FY2024 and FY2026, Sumax Engineering's revenue increased by approximately 12.8%, while PAT increased by approximately 71.7%. The figures indicate stronger profit growth despite relatively limited revenue growth in FY2026.
Analysis
Sumax Engineering IPO Valuation – FY2026
The Sumax Engineering IPO valuation can be assessed using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, debt-to-equity ratio, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2026, Sumax Engineering reported an ROE of 20.71% and ROCE of 23.86%. The company's EBITDA margin stood at 12.86%, while its PAT margin was 8.64%. The debt-to-equity ratio stood at 0.21, indicating relatively low financial leverage.
The company's basic Earnings Per Share (EPS) stood at ₹8.66, while Return on Net Worth (RoNW) was 20.71%. The Net Asset Value (NAV) was reported at ₹41.83 per equity share.
| KPI | Values |
|---|---|
| ROE | 20.71% |
| ROCE | 23.86% |
| EBITDA Margin | 12.86% |
| PAT Margin | 8.64% |
| Debt to Equity Ratio | 0.21 |
| Earning Per Share (EPS) | ₹8.66 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.71% |
| Net Asset Value (NAV) | ₹41.83 |
Note: Based on the IPO price band of ₹95 to ₹101 and FY2026 EPS of ₹8.66, the implied P/E works out to approximately 10.97x to 11.66x. Investors should evaluate this valuation alongside the company's profitability, return ratios, debt position, growth prospects and relevant listed peers.
Analysis
Sumax Engineering IPO Peer Group Comparison
- There are no listed companies in India.
Analysis
Sumax Engineering IPO IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt. Ltd.
FAQ
Sumax Engineering IPO FAQs
Sumax Engineering IPO price band is Rs 95.00 to Rs 101.00. Check the latest issue price, lot size and GMP together before applying.
Sumax Engineering IPO open date is 25 Aug 2026, close date is 28 Aug 2026, and listing date is 02 Sept 2026.
Sumax Engineering IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,42,400.
Sumax Engineering is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Sumax Engineering IPO subscription status currently shows Retail 158.98x, QIB 121.28x, NII 270.7x, Overall 162.94x.
Sumax Engineering is engaged in the manufacturing and trading of a diverse range of products for the Automotive Original Equipment Manufacturer (OEM) and Auto Refinish markets. The company’s manufacturing division produces adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, printing solutions, domes, graphics, and a range of car care products. Its trading segment supplies essential items such as electrical and pneumatic tools, abrasive materials, body shop consumables, and aerosol products. The company adheres to ISO 9001:2015 and IATF 16949:2016 certifications, ensuring its products meet both national and international quality standards. By utilizing premium-grade raw materials and maintaining rigorous quality control, Sumax Engineering aims to deliver reliable and high-performance solutions tailored to the evolving demands of the automotive industry.
Sumax Engineering IPO issue size is TBA and the expected allotment date is 31 Aug 2026.
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