Sumax Engineering Ltd. IPO Details
Sumax Engineering was incorporated on December 21, 1994. The company manufactures and trades a wide range of products for the Automotive OEM and Auto Refinish markets, including adhesive tapes, polishing compounds, buffing pads, car care products, tools, abrasives and body shop consumables. It has also introduced Paint Protection Film (PPF), which helps protect vehicle paint from scratches, stone chips, stains and environmental damage
| Bidding Dates |
|---|
| 25 Aug 2026 - 28 Aug 2026 |
| Subscription |
|---|
| 8.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,28,000 | 2 | 2 | 1200 | 5.3 M | ₹95 - ₹101 | 69.67 % | ₹502.3 M - ₹534.0 M | RHP DOC |
Sumax Engineering IPO SUBSCRIPTION STATUS
26 Aug '26Sumax Engineering IPO overall subscription rate was 8.91 times the total available shares
Sumax Engineering IPO retail subscription rate was 21.53 times in the retail segment
Sumax Engineering IPO non-institutional investor subscription rate was 8.82 times in the non-institutional investor category
Sumax Engineering IPO Employees subscription rate was 5.08 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | 1% |
26 Aug 2026 05:19 PM (Day 2) | 21.53x | 8.82x | 0x | 5.08x |
25 Aug 2026 (Day 1) | 7.03x | 2.83x | 0x | 4.95x |
Sumax Engineering FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 147.7 | 12.8 | 18.8 | -7.5 | 12.9% |
| FY25 | 146.1 | 10.0 | 0.7 | -0.5 | 10.2% |
| FY24 | 130.8 | 7.4 | 3.8 | 3.1 | 8.8% |
Sumax Engineering IPO SUBSCRIPTION STATUS DETAILS
Sumax Engineering has 5.3 M shares on offer
Sumax Engineering IPO offer price is in the range ₹95 - ₹101
Sumax Engineering IPO minimum Investment is ₹228000
Sumax Engineering IPO issue size is ₹ 502.3 M - ₹ 534.0 M
Sumax Engineering has a minimum lot size of 1200 Shares per application
Sumax Engineering NUMBER OF SHARES ON OFFER
Sumax Engineering IPO IMPORTANT DATES
| Issue Open Date | 25 Aug 2026 |
| Issue close Date | 28 Aug 2026 |
| Allotment Date | 31 Aug 2026 |
| Refund Date | 01 Sep 2026 |
| Demat Account Credit Date | 01 Sep 2026 |
| Listing Date | 02 Sep 2026 |
| Listing on Exchange(s) | NSE |
| Sumax Engineering Allotment Status | Exchange/ Registrar |
Sumax Engineering IPO subscription opens on 25 Aug 2026, and closes on 28 Aug 2026
IPO allotment for Sumax Engineering is expected to be finalized on Monday, 31 Aug 2026
IPO listing for Sumax Engineering will be on NSE on Wednesday, 02 Sep 2026
Sumax Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sumax Engineering Ltd. | 101 | 192.1 | 15.1 | 0.5 | 1.3 | 20.7 | 15 | 148.3 | 0.8 | 12.8 | 27.8 | 6.7 | 27.8 |
| Samvardhana Motherson International Ltd. | 165 | 174148.3 | 39.8 | 1.2 | 1.3 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 48895 | 144221.2 | 61 | -5.4 | 6.8 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1260 | 72760.9 | 60.5 | 3.7 | 3.5 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2860 | 55361.7 | 91.3 | -15 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 31.3 | -6.1 |
| Sona BLW Precision Forgings Ltd. | 795 | 49599.3 | 71.3 | 3.7 | 10.1 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Sumax Engineering INFORMATION ON IPO ISSUE
About Sumax Engineering
Sumax Engineering was incorporated on December 21, 1994. The company manufactures and trades a wide range of products for the Automotive OEM and Auto Refinish markets, including adhesive tapes, polishing compounds, buffing pads, car care products, tools, abrasives and body shop consumables. It has also introduced Paint Protection Film (PPF), which helps protect vehicle paint from scratches, stone chips, stains and environmental damage
Object of the Issue
- Funding of capital expenditure towards construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan
- 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
- Funding working capital requirements of the company
- General corporate purposes
Sumax Engineering - PROMOTERS
| Name |
|---|
| Sudeep Mehta |
| Smriti Mehta |
Sumax Engineering - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sudeep Mehta | Chairman & Managing Director |
| Smriti Mehta | Whole-Time Director |
| Ramnik Chhabra | Non-Executive Independent Director |
| Vijay S Bapna | Non-Executive Independent Director |
| Vinay Kumar Piparsania | Non-Executive Independent Director |
Sumax Engineering Book Running Lead Manager
GYR Capital Advisors Private Limited
sumax.ipo@gyrcapitaladvisors.in
Sumax Engineering Registrar to the Offer
KFin Technologies Limited
sumax.ipo@kfintech.com
Sumax Engineering Strengths
Diversified product range
The company offers a diversified portfolio of automotive products, including specialty adhesive tapes, rubbing and polishing compounds, car care products, buffing pads, reflective tapes, and customised printing solutions. Its ISO 9001:2015 and IATF 16949:2016 certifications reflect its focus on quality and compliance with automotive industry standards
Advanced in-house facilities
The company operates advanced manufacturing facilities with stringent safety and quality controls, enabling efficient production, reduced waste and better cost management. Its in-house teams support rapid design improvements, customised solutions and consistent quality for automotive customers
Tailored product designs
The company offers customised automotive solutions in various sizes and designs, serving customers across India and international markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the USA, Saudi Arabia and Taiwan. It has also introduced Paint Protection Film (PPF) to protect vehicle paint from scratches, stone chips, stains and environmental damage
Sumax Engineering Risks
Depend on automotive sector
The company is fully dependent on the automotive industry, with 100% of product and service sales coming from automotive industry suppliers in FY24, FY25 and FY26. A downturn, changing consumer preferences, regulatory or technological shifts, supply chain disruptions and pricing pressure could reduce demand, margins, revenue and profitability
Competition
The company faces competition from domestic and multinational players on pricing, product quality, customisation, customer relationships and innovation. Competitors with greater resources, stronger brands, wider networks or lower costs could create pricing pressure, reduce market share and adversely affect profitability and growth
Working capital intensive
The company requires significant working capital, with inventory holding days increasing from 61 days in FY24 to 64 days in FY25 and trade receivable days from 38 to 41 days. The longer working capital cycle reduced operating cash flow from Rs 379.42 lakh to Rs 70.00 lakh, and further liquidity pressure could adversely affect its financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 10.1 crore, of 996,000 shares. It also consists of a fresh issue of Rs 43.3 crore.
The promoters of the company are Sudeep Mehta and Smriti Mehta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 101.0.
The IPO application opens on Aug 25, 2026 and closes on Aug 28, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 228,000.0, the maximum value for this IPO is Rs 242,400.0.
This IPO will be allotted on Aug 31, 2026.
The refund will be credited to your account on Sep 01, 2026.
The allotted shares will be credited to your demat on Sep 01, 2026.
Sumax Engineering Ltd.’s shares will list on the stock exchanges on Sep 02, 2026.