SME
IPO ·
NSE SME
Sumax Engineering Ltd
Listed
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.
Issue details
Price band
₹95 – ₹101
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,42,400
Issue size
₹53.40 Cr
Fresh issue
₹40.65 Cr
Offer for sale
₹10.06 Cr
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
25 Aug 2026
Closes
28 Aug 2026
UPI mandate cut-off
5:00 PM on 28 Aug 2026
Allotment
31 Aug 2026
Refunds
1 Sep 2026
Shares in demat
1 Sep 2026
Listing
2 Sep 2026
Subscription and listing
Subscription
116.21x
Listing price
₹111
Registrar
Kfin Technologies Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
116.21x
Total applications
1,36,009
Anchor investors
Amount raised
₹14.50 Cr
Bid date
24 Aug 2026
50% lock-in ends
30 Sep 2026
Rest lock-in ends
29 Nov 2026
Listing day
Issue price
₹101
Open
₹111.00
High
₹116.00
Low
₹107.00
Day close
₹110.45
Listing gain at open
+9.90%
Issue structure
Shares reserved per category and share of the total issue
QIB
24,09,600
45.57%
Anchor Investor
14,35,200
27.14%
QIB (Ex. Anchor)
9,74,400
18.43%
NII
7,27,200
13.75%
bNII > ₹10L
4,84,800
9.17%
sNII < ₹10L
2,42,400
4.58%
Retail
16,92,000
32.00%
Employee
1,92,000
3.63%
Market Maker
2,66,400
5.04%
Total
52,87,200
100.00%
Finaccle’s quick read
Neutral
FY26 income up 1%, PAT up 28%, ROE 23.10%, D/E 0.21, post-issue P/E 15.05x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
23.10%
ROCE
23.86%
Debt / equity
0.21
PAT margin
8.64%
P/E post issue
15.05
Market cap
₹192.13 Cr
Use of IPO money
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 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
₹16.62 Cr
Funding working capital requirements of the company
₹12.00 Cr
General corporate purposes
₹5.80 Cr
Issue Expenses
₹4.03 Cr
Strengths
✓
PAT up 28% in FY26 to ₹12.76 Cr
✓
ROE of 23.10% and ROCE of 23.86%
✓
Moderate leverage: debt to equity 0.21
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 8.64%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.