Sumax Engineering Limited IPO — Subscription & GMP
- Price band
- ₹95 – ₹101
- Lot size
- 1200
- Issue size
- ₹38.91 Cr
- Bidding
- 25 Aug 2026 → 28 Aug 2026
- Allotment
- —
- Listing
- 02 Sept 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 25 Aug 2026IPO open date
- 28 Aug 2026IPO close date
- 31 Aug 2026Allotment date†
- 31 Aug 2026Funds unblock or debit†
- 02 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBusiness Model of Sumax Engineering Limited
Sumax Engineering Limited operates as a specialized supplier and manufacturer of consumables and specialty materials catering primarily to the automotive OEM and auto-refinish markets.
- Core Offerings: The company's portfolio is divided into a manufacturing division and a trading division. It manufactures products such as adhesive tapes, die-cuts, polishing compounds, buffing pads, reflective tapes, and car-care products. Additionally, its trading arm supplies complementary tools, abrasives, body-shop consumables, and aerosol products.
- Target Markets: Sumax Engineering operates on a strictly B2B model, supplying its surface-treatment products and consumables directly to automotive Original Equipment Manufacturers (OEMs) and the automotive aftermarket/refinish sector across India and international markets.
- Revenue Generation & Strategy: The company generates revenue through the direct sale of its manufactured and traded automotive consumables. To improve margins and reduce dependence on outsourced products, its business model is increasingly shifting toward strengthening its in-house manufacturing capabilities, with significant investments in new production facilities in Rajasthan and Haryana. Maintaining stringent quality certifications is crucial to its model, as compliance ensures high customer retention and reduces customer switching within its OEM client base.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| NAV per share | ₹33.16 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 747 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | — | 11.82 Cr | 0.00× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 2.52 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 2.26 Cr | — |
| 1(c)Mutual funds | — | 26.24 L | — |
| 2Non Institutional Investors | — | 19.71 Cr | 0.00× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | — | 15.33 Cr | 0.00× |
| 2.1(b)Individuals(Other than RIIs) | — | 14.77 Cr | — |
| 2.1(b)Individuals(IND category bidding for more than 2 Lots) | — | 14.77 Cr | — |
| 2.1(c)Others | — | 23.35 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | — | 4.39 Cr | 0.00× |
| 2.2(a)Corporates | — | 6.04 L | — |
| 3Employees | — | 2.03 L | 0.00× |
| 3Individual Investors (IND category bidding for 2 Lots) | — | 26.90 Cr | — |
| 3(b)Price Bids | — | 2.03 L | — |
| 4Eligible Employees (EMP) | — | 2.03 L | — |
| 4(a)Cut Off | — | 0 | — |
| Total | — | 31.55 Cr | 0.00× |
Source: NSE issue information
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹43.34 Cr 81.2%
- Offer for sale
- ₹10.06 Cr 18.8%
- Total issue size
- ₹53.40 Cr
Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 9.96 L shares rather than a rupee amount, so it is valued here at the cap price of ₹101 — the final figure moves with the issue price.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹95 – ₹101
- Lot size
- 1200 shares
- Min. bid quantity
- —
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 38.52 L
- Issue size
- ₹38.91 Cr
- Max bid · QIB
- 33.94 L
- Max bid · NII
- 24.19 L
Timeline & process
- Bidding opens
- 25 Aug 2026
- Bidding closes
- 28 Aug 2026
- Bidding hours
- 10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
- UPI mandate cutoff
- 28-Aug-2026 (upto 5:00 PM) The cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate.
- Allotment
- —
- Listing
- 02 Sept 2026
Intermediaries
- Registrar
- KFIN Technologies Limited
- Sponsor bank
- Axis Bank Limited
- Lead managers
- GYR Capital Advisors Private Limited