Sumax Engineering IPO
Listed +9.9%25–28 Aug 2026
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Our IPO analysis
The five questions
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1How it makes money₹44 of every ₹100 of sales comes from its "Adhesive Tapes and Die-cuts" segment.
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2Is it growing, and is profit turning into cash?Sales rose 13% from FY 2023-24 to FY 2025-26 (₹131 cr → ₹148 cr).
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3How much cushion does it have?We haven't read this part of the document yet.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹19 goes to existing shareholders selling. At ₹101 you pay about ₹12 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 90% before the IPO. The document discloses 4 legal matters.
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Latest update:
Listed at ₹111 vs ₹101 issue price (+9.9%) · Day-one close ₹110 · GMP before listing +24.8% implied, 14.9 pp above the actual open · Subscribed 162.96× (QIB 121.3× · NII 271.0× · Retail 158.9×) · Price band ₹95–₹101 · Closed 28 Aug 2026 · Listed 2 Sep 2026 (Confirmed)
How it actually listed
₹111 on open, against a ₹101 issue price +9.9%
It ended its first day at ₹110 (+9.4% against the issue price), per the NSE's price archive.
Before it listed, the grey market implied +24.8%. The shares opened 14.9 pp below what that implied. It pointed the right way on whether they would open above the issue price. GMP is unregulated and self-reported.
What Sumax Engineering does
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. Its 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.
Sumax Engineering financials
Rs crore · Annual| FY 2023-24 | FY 2024-25 | FY 2025-26 | ||
|---|---|---|---|---|
| Sales | 131 | 146 | 148 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 6 | 8 | 13 |
Sumax Engineering IPO offer structure
Total: ₹53 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan: ₹5 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, State Haryana: ₹17 cr
- Funding working capital requirements of our company: ₹12 cr
- General corporate purposes
Sumax Engineering promoters and holding
- Mr. Sudeep Mehta: Promoter, Chairman and Managing Director
- Mrs. Smriti Mehta: Promoter and Whole Time Director
Sumax Engineering risks and strengths
- Rising costs, supply disruptions, and import restrictions on essential raw materials may impact our expenses, timelines, and overall financial performance. (p.22)
- Our Registered Office and Manufacturing unit from where we operate is not owned by us. (p.22)
- Shifting of leased manufacturing facility and integration with proposed Manufacturing Unit II. (p.22)
2 more the company lists
- We are significantly dependent on imports for our raw material procurement, which exposes us to risks arising from geopolitical developments, trade sanctions, international trade tensions, and foreign exchange fluctuations. (p.23)
- We are subject to strict quality requirements and any failure by us or our suppliers to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims. (p.24)
Sumax Engineering market and competition
The Company is engaged in both the manufacturing and trading of a diverse range of products tailored for the Automotive OEM Market and Auto Refinish Market, and is among the few with in-line doming application units.
Sumax Engineering outlook, as the document states it
The Company plans to set up new manufacturing plants/units to enhance production capabilities, improve delivery times, and scale operations. It also intends to pursue a Dual-Segment Marketing Approach focusing on B2B for OEMs and B2C/B2B for the Refinish Market.
Sumax Engineering IPO: common questions
When does the Sumax Engineering IPO open and close?
The Sumax Engineering IPO is open from 25 Aug 2026 to 28 Aug 2026.
What is the Sumax Engineering IPO price band?
The price band is ₹95–₹101 per share.
What is the lot size and minimum investment for the Sumax Engineering IPO?
One lot is 1200 shares, and a retail application must be at least one lot. That is about ₹2,42,400 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Sumax Engineering IPO subscribed?
As of 10 Oct 2026 the total subscription is 162.96×.
When does the Sumax Engineering IPO list?
The listing date is 2 Sep 2026.
How do I check the Sumax Engineering IPO allotment status?
On the allotment status page published by KFin Technologies, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sumax Engineering IPO allotment status
Listed 2 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is KFin Technologies.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →