Sumax Engineering IPO- Company Analysis
Sumax Engineering IPO under the SME IPO category is a bookbuild issue of Rs. 53.40 Cr by Sumax Engineering Limited, which is in the production and exchange of goods for the auto refinish and OEM (Original Equipment Manufacturer) markets.
Manufacturing and trading are the two business segments.
Adhesive tapes and die-cuts, pre-taped masking films, buffing and foam pads, rubbing and polishing chemicals, reflective tapes, domes and graphics, and auto care items are all part of its production line.
Electrical and pneumatic tools, abrasive sheets, disks and rolls, body shop consumables, retail goods, accessories, and aerosol items are all supplied by the corporation through its trading division.
Sumax Engineering IPO Details
The Sumax Engineering IPO date of opening is 25 Aug 2026; its initial public offering will end on 28 Aug, IPO allotment on Aug 31 and refund initiation on Sep 01, 2026.
The Rs. 53.40 crore new SME IPO comprises a combination of a fresh issue of 0.43 crore shares (Rs. 43.34 Cr) and an offer for sale of 0.10 crore shares (Rs. 10.06 Cr).
The Sumax Engineering IPO listing date (expected) might be Wednesday, Sep 02, 2026, and the listing on the NSE and SME.
The Sumax Engineering IPO price band is Rs. 95 to Rs. 101.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 25, 2026 |
|
IPO Closing Date |
Aug 28, 2026 |
|
IPO Allotment Date |
Aug 31, 2026 |
|
Refund Initiation |
Sep 01, 2026 |
|
IPO Listing Date |
Sep 02, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,879.69 |
70.00 |
379.42 |
|
Net Cash Flow Investing Activities |
(2,743.35) |
41.37 |
(213.05) |
|
Net Cash Flow Financing Activities |
484.77 |
89.95 |
114.92 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area, Karoli Teh Tapukara, Rajasthan. ~ Rs. 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. ~ Rs. 16.62 Cr.
-
Funding working capital requirements of the company. ~ Rs. 12 Cr.
-
General Corporate Purposes.
Listed Peers of Sumax Engineering Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
23.10% |
|
ROCE |
23.86% |
|
Debt/Equity |
0.21 |
|
RoNW |
20.71% |
|
PAT Margin |
8.64% |
|
EBITDA Margin |
12.86% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 8.66 from the last year, the resulting P/E ratio is 11.66x.
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IPO's Strengths
-
Experienced Promoters, management and operating team
-
Comprehensive Product Range
-
Strong Industry Relationships
-
Advanced In-House Processing Facilities.
IPO's Weaknesses
-
High dependency on raw material costs and supply chain fluctuations.
-
Regulatory challenges and environmental policies impacting manufacturing processes.
-
Economic downturns affecting automotive production and consumer spending.
-
Fluctuating raw material prices impacting profit margins.
Sumax Engineering IPO GMP (Grey Market Premium)
Sumax Engineering IPO GMP today is Rs. 32 as of 22 August 2026, while writing this information.
Sumax Engineering IPO Summary
|
IPO Opening & Closing Date |
25 Aug, 2026 to 28 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 95 to Rs. 101 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
52,87,200 Shares (Rs. 53 Cr) |
|
Offer for Sale |
9,96,000 Shares (Rs. 10 Cr) |
|
Fresh Issue |
40,24,800 Shares (Rs. 41 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,42,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,63,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Sumax Engineering IPO Allotment Status
To check the Sumax Engineering IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Sumax Engineering Ltd.
-
Sudeep Mehta
-
Smriti Mehta.
|
Pre-Issue Promoter Shareholding |
96.74% |
|
Post-Issue Promoter Shareholding |
71.25% |
IPO Lead Managers
GYR Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Sumax Engineering IPO, a ₹53.40 Cr SME issue focused on auto refinish and OEM products, opens from 25 to 28 August 2026 at a price band of ₹95–₹101. With steady profit growth, low debt, and proceeds directed toward new manufacturing units and working capital, the IPO offers exposure to India’s expanding automotive aftermarket sector. Track allotment on 31 August and expected listing on 2 September 2026 on NSE SME for the latest updates.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
