IPO Listed — 02 Sep 2026
Listing Price: ₹111
Sumax Engineering SME IPO GMP History | Listing Price ₹111 & Kostak Rate
Sumax Engineering SME IPO has been listed on September 2, 2026 at a listing price of ₹111, against the issue price of ₹101 — a gain of ₹10 (+9.9%). The GMP peaked at ₹36 on 31 August 2026 and reached a low of ₹20 on 18 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sumax Engineering SME IPO raised ₹53.4 Cr. through its IPO at a price band of ₹95 to ₹101 per share, with a lot size of 1200 shares. The IPO was open for subscription from 25 Aug 2026 to 28 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 02 Sep 2026 | ₹ 22 | 21.78% | ₹ 0 | ₹ 0 | |
| 01 Sep 2026 | ₹ 22 | 21.78% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 36 | 35.64% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 36 | 35.64% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 36 | 35.64% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 36 | 35.64% | ₹ 0 | ₹ 0 | |
| 27 Aug 2026 | ₹ 35 | 34.65% | ₹ 0 | ₹ 0 | |
| 26 Aug 2026 | ₹ 25 | 24.75% | ₹ 0 | ₹ 0 | |
| 25 Aug 2026 | ₹ 35 | 34.65% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 32 | 31.68% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 32 | 31.68% | ₹ 0 | ₹ 0 | |
| 22 Aug 2026 | ₹ 32 | 31.68% | ₹ 0 | ₹ 0 | |
| 21 Aug 2026 | ₹ 32 | 31.68% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 32 | 31.68% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 30 | 29.70% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 20 | 19.80% | ₹ 0 | ₹ 0 |
Sumax Engineering SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 25 Aug, 2026 |
| Close Date | 28 Aug, 2026 |
| Allotment Date | 31 Aug, 2026 |
| Refund Date | 01 Sep, 2026 |
| Credit to Demat | 01 Sep, 2026 |
| Listing Date | 02 Sep, 2026 |
Sumax Engineering SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹101 |
| GMP-Based Estimate (Pre-Listing) | ₹123 (+21.8%) |
| Actual Listing Price | ₹111 (+9.9%) |
| Listing Gain / Loss | +₹10 per share |
| Listing Date | 02 Sep, 2026 |
Is Sumax Engineering SME IPO GMP Reliable?
Grey market premium for Sumax Engineering SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Sumax Engineering SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Sumax Engineering SME IPO IPO Kostak Rate Explained
The Kostak rate for Sumax Engineering SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sumax Engineering SME IPO
On the manufacturing side it makes 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. On the trading side it supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products.
The company has two manufacturing units, one at Sriperumbudur in Tamil Nadu and one at IMT Manesar in Haryana. It sells across 26 states and Union Territories in India and exports to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia and Taiwan. As on 31 March 2026 it had 121 employees.
Strengths & Risks
Strengths
- ✓ Profit has grown every year, from Rs 7.43 crore in FY2024 to Rs 9.98 crore in FY2025 and Rs 12.76 crore in FY2026.
- ✓ EBITDA improved from Rs 11.63 crore in FY2024 to Rs 19.08 crore in FY2026, so margins are getting better even though sales are flat.
- ✓ Net worth rose steadily from Rs 38.86 crore in FY2024 to Rs 61.60 crore in FY2026.
- ✓ The company has a long record of over 30 years, having started in 1994.
- ✓ It has two manufacturing units in different states, at Sriperumbudur in Tamil Nadu and IMT Manesar in Haryana, so it is not tied to one location.
- ✓ Sales reach 26 states and Union Territories and exports go to nine countries including the United States, South Korea and Thailand.
- ✓ Most of the issue money goes into growth. About Rs 21.51 crore is for two new manufacturing units in Rajasthan and Haryana and Rs 12.00 crore is for working capital.
- ✓ It serves both vehicle makers and the auto refinish trade, so it earns from new vehicle production as well as from repair and servicing.
Risks
- ⚠ Sales have stopped growing. Total income rose only 1% in FY2026, from Rs 147.18 crore to Rs 148.34 crore. The profit growth of 28% came from better margin, not from selling more.
- ⚠ Borrowing rose 68% in one year, from Rs 7.75 crore to Rs 13.06 crore.
- ⚠ A part of the business is trading, that is buying and reselling goods made by others, which usually earns a lower margin than manufacturing.
- ⚠ Sales depend on the vehicle industry. A slowdown in vehicle production or in body repair work directly reduces demand.
- ⚠ The company is building two new units at the same time, in Rajasthan and Haryana. Setting up both together brings execution risk and the new capacity will take time to earn.
- ⚠ It is a small company with 121 employees, competing with large chemical and abrasive brands in the auto refinish market.
- ⚠ Promoter holding will come down from 96.74% to 71.25% after the issue.
- ⚠ This is an SME issue. One lot is 1,200 shares, which is about Rs 1.21 lakh at the upper band of Rs 101, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Sumax Engineering SME IPO
What is the GMP of Sumax Engineering SME IPO?
The current Grey Market Premium (GMP) of Sumax Engineering SME IPO is ₹ 22.
What is the Kostak Price of Sumax Engineering SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sumax Engineering SME IPO is currently not available.
What is the Subject to Sauda Price of Sumax Engineering SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Sumax Engineering SME IPO?
Sumax Engineering SME IPO listed on September 2, 2026 at ₹111, against the issue price of ₹101 — a gain of +9.9%.
How did the GMP of Sumax Engineering SME IPO trend before listing?
The GMP of Sumax Engineering SME IPO was stable in its final days before listing. The GMP peaked at ₹36 on 31 August 2026. View the day-wise table above for the complete GMP history.
Explore Sumax Engineering SME IPO Further
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