Sumax Engineering Limited IPO
Price Band
₹95 – ₹101
Issue Size
₹53.4 Cr
Issue Dates
25 Aug – 28 Aug 2026
Listing Date
2 Sept 2026
About Sumax Engineering Ltd.
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. Through its trading business, the company supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories, and aerosol products. The company operates two manufacturing units, located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. It has a market presence across 26 states and Union Territories in India and exports its products to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan. As of March 31, 2026, the company had 121 employees.
IPO Details
| Price Band | ₹95 – ₹101 |
| Face Value | ₹10 |
| Issue Size | ₹53.4 Cr |
| Fresh Issue | ₹43.34 Cr |
| Offer for Sale | ₹10.06 Cr |
| Total Shares Offered | 52,87,200 |
| Listed On | NSE |
Objects 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: ₹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 - Nimana, Tehsil Badli, District - Jhajjar, State Haryana: ₹16.62 Cr; Funding working capital requirements of the company: ₹12.00 Cr; General Corporate Purposes: amount not disclosed. Total (as per RHP object table): ₹33.51 Cr. Offer for Sale (₹10.06 Cr) - Selling Shareholders: Sudeep Mehta (Promoter) 9,00,000 shares, ₹9.09 Cr; Vimla Mehta (Promoter) 96,000 shares, ₹0.97 Cr; Total 9,96,000 shares, ₹10.06 Cr. Note: the OFS table lists Vimla Mehta as a Promoter-category seller, though the company's stated promoters are Sudeep Mehta and Smriti Mehta - flagging this discrepancy as it appears in the source. The Market Makers for the issue are Giriraj Stock Broking Pvt.Ltd. and Mansi Share & Stock Broking Pvt.Ltd., with 2,66,400 shares (5.04% of total issue) reserved on a firm basis.
Key Financial Metrics
ROE
23.1%
ROCE
23.86%
Debt / Equity
0.21
Financial Performance
| Particulars (₹ Cr) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 11.63 | 15.03 | 19.08 |
| PAT | 7.43 | 9.98 | 12.76 |
| Total Assets | 54 | 66.14 | 84.81 |
| Net Worth | 38.86 | 48.84 | 61.6 |
| Total Borrowings | 6.43 | 7.75 | 13.06 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 2 × 1200 | ₹2,42,400 | — |
| retail_max | 1200 shares | — | ₹2,42,400 |
| shni_min | 3 × 1200 | ₹3,63,600 | — |
| shni_max | 1200 shares | — | ₹9,69,600 |
| bhni_min | 9 × 1200 | ₹10,90,800 | — |
| employee_min | 2 × 1200 | ₹2,42,400 | — |
| employee_max | 1200 shares | — | ₹4,84,800 |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB (49.90% of Net Offer) | 49.9% | No |
| Anchor Investor (within QIB) | — | No |
| NII/HNI (15.06% of Net Offer) | 15.06% | No |
| Retail (35.04% of Net Offer) | 35.04% | No |
| Employee (Preferential Reservation, 3.63% of Total Issue) | — | No |
| Market Maker (Firm Reservation, 5.04% of Total Issue) | — | No |
Registrar & Lead Managers
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