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Sumax Engineering IPO
Price Band
₹95.0–101.0
Issue Size
₹53.4 Cr
Lot Size
1,200 shares
Min Investment
₹242,400
2 LOTS MIN
GMP
+₹22.0 (21.78%)
Issue Price
₹101.0
Subject to Sauda
₹20100
Paid only if allotted
Sumax Engineering IPO AI Summary
- Sumax Engineering IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹95.0–₹101.0 per share, lot size 1,200 shares (min. investment ₹242,400, 2 lots minimum).
- Subscription window: 25 Aug–28 Aug 2026, listing on 02 Sep 2026.
- Current GMP is +₹22.0 (21.78%), an estimated listing price of ₹123 — unofficial and can change daily.
Sumax Engineering Limited is an established player in the engineering and infrastructure sector, with a diverse product portfolio and strong growth in revenue and profitability. The IPO has garnered significant interest, reflecting positive market sentiment.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
162.94x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
121.28x
|
121x 🔥 |
| NII (HNI) |
270.70x
|
271x 🔥 |
| ↳ bNII (>₹10L) |
315.60x
|
316x 🔥 |
| ↳ sNII (<₹10L) |
180.90x
|
181x 🔥 |
| Retail (RII) |
158.98x
|
159x 🔥 |
| Total | 162.94x | 162.94x |
Auto-updated every 5 min · As of 28th Aug 2026 18:56
Sumax Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹22.0
GMP %
+21.78%
Est. Listing
₹123.0
Updated: 02 Sep 2026 06:00
GMP Trend (Last 15 Days)
About the Company
Incorporated in 1994, Sumax Engineering Limited is engaged in providing engineering and infrastructure solutions, with a focus on execution of industrial and construction-related projects. It offers services across various sectors including civil engineering, fabrication, and project management. The company specialises in delivering turnkey projects, ensuring end-to-end execution from planning to completion. Its capabilities include structural work, mechanical services, and support for industrial development projects. The company is engaged in both the manufacturing and trading of a diverse range of products tailored for the Automotive OEM (Original Equipment Manufacturer) Market and Auto Refinish Market. The manufacturing division specializes in producing high-quality adhesive tapes and die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes and printing solutions, domes and graphics, as well as an extensive range of car care products. Product Portfolio: Manufacturing: Adhesive Tapes and Die-cuts, Pre-Taped Masking Film, Rubbing, Polishing Compounds, Buffing Pads and Foam Pads, Reflective Tapes, Domes and Graphics, Car Care Products. Trading: Tools (Electrical and Pneumatic), Abrasive Sheets, Discs & Rolls, Body Shop Consumables, Retail Products, Accessories, Aerosol Product. Competitive Strengths: Experienced Promoters, management and operating team Comprehensive Product Range Strong Industry Relationships Advanced In-House Processing Facilities Focused on Cost Competitiveness Efficient Logistics and Supply Chain Management
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 84.81 | 66.14 | 54.00 |
| Total Income | 148.34 | 147.18 | 131.54 |
| Profit After Tax | 12.76 | 9.98 | 7.43 |
| EBITDA | 19.08 | 15.03 | 11.63 |
| NET Worth | 61.60 | 48.84 | 38.86 |
| Reserves and Surplus | 46.88 | 46.75 | 36.77 |
| Total Borrowing | 13.06 | 7.75 | 6.43 |
Key Ratios
EPS
₹8.66
NAV
₹33.21
ROE
22.76%
ROCE
24.64%
RoNW
20.44%
P/B Value
3.04
P/E Ratio
11.66
Market Cap
₹192.13 Cr
PAT Margin
6.83%
Debt/Equity
0.16
Promoters
Sudeep Mehta, Smriti Mehta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 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 16.62 3 Funding working capital requirements of the company 12.00 4 General corporate purposes 5.80 5 Issue Expenses 4.03 Total 43.34
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹131.54 Cr in 31 Mar 2024, rising to ₹147.18 Cr by 31 Mar 2025, and further increasing to ₹148.34 Cr in 31 Mar 2026. This indicates a steady growth in revenue over the periods.
Profit Trend
Profit After Tax was ₹7.43 Cr in 31 Mar 2024, increasing to ₹9.98 Cr by 31 Mar 2025, and further rising to ₹12.76 Cr in 31 Mar 2026. This shows a positive trend in profitability over the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It represents the difference between the IPO price and the price at which shares are traded in the grey market before the official listing. A positive GMP suggests that the IPO may list at a higher price than the issue price.
Subscription Demand
As of 28th Aug 2026, the IPO has received strong interest, with a total subscription of 162.94 times. The QIB category was subscribed 121.28 times, the NII category 270.7 times, and the Retail category 158.98 times, indicating robust demand across all segments.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable and established companies might want to avoid this IPO, as it involves risks associated with new market entrants and the potential for volatility in the stock price.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date is 25th August 2026, the closing date is 28th August 2026, the allotment date is 31st August 2026, and the listing date is 2nd September 2026.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day at a price higher than the IPO price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Sumax Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sumax Engineering IPO GMP today?
Sumax Engineering IPO GMP today is +₹22.0 (21.78%), indicating an estimated listing price of ₹123. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sumax Engineering IPO?
The price band of Sumax Engineering IPO is ₹95.0–₹101.0 per share.
When does Sumax Engineering IPO open and close?
Sumax Engineering IPO opens on 25 August 2026 and closes on 28 August 2026.
When does Sumax Engineering IPO list on the stock exchange?
Sumax Engineering IPO listed on 02 September 2026 at ₹123.0.
What is the lot size for Sumax Engineering IPO?
The lot size for Sumax Engineering IPO is 1200 shares, requiring a minimum investment of ₹242,400 (2 lots).
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹242,400.
What is the price band for this IPO?
The price band for this IPO is ₹95.0 to ₹101.0.
When is the listing date?
The listing date is 2nd September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Aug 2026
Close
28 Aug 2026
Allotment
31 Aug 2026
Listing
02 Sep 2026
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