Sumax Engineering SME IPO
Sumax Engineering IPO — date, price band, GMP & allotment 2026
Sumax Engineering Ltd makes and trades products for the automotive OEM and auto refinish market, including adhesive tapes, masking films, rubbing and polishing compounds, buffing pads and car care items. Running since 1994, it has two plants at Sriperumbudur and IMT Manesar and sells across 26 states and to nine export markets.
Stock price
Sumax Engineering is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 25 Aug 2026
- Close 28 Aug 2026
- Allotment 31 Aug 2026
- Refund/credit 01 Sep 2026
- Listing 02 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 to 28 Aug, 2026 |
|---|---|
| Price Band | ₹95 – ₹101 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹53.4 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,42,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹101 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,42,400 |
| Retail (max) | 2 | 2,400 | ₹2,42,400 |
| HNI (min) | 3 | 3,600 | ₹3,63,600 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit 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.
- 02EBITDA 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.
- 03Net worth rose steadily from Rs 38.86 crore in FY2024 to Rs 61.60 crore in FY2026.
- 04The company has a long record of over 30 years, having started in 1994.
- 05It 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.
- 06Sales reach 26 states and Union Territories and exports go to nine countries including the United States, South Korea and Thailand.
- 07Most 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.
- 08It serves both vehicle makers and the auto refinish trade, so it earns from new vehicle production as well as from repair and servicing.
Risks · 8
- 01Sales 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.
- 02Borrowing rose 68% in one year, from Rs 7.75 crore to Rs 13.06 crore.
- 03A part of the business is trading, that is buying and reselling goods made by others, which usually earns a lower margin than manufacturing.
- 04Sales depend on the vehicle industry. A slowdown in vehicle production or in body repair work directly reduces demand.
- 05The 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.
- 06It is a small company with 121 employees, competing with large chemical and abrasive brands in the auto refinish market.
- 07Promoter holding will come down from 96.74% to 71.25% after the issue.
- 08This 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.
Three years of numbers
All figures in ₹ crore, as reported in the Sumax Engineering offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sumax Engineering RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Sumax Engineering IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.71 |
| P/E Ratio (x) | 15.05 |
| Market Cap at Offer Price (₹ Cr) | ₹192.07 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹101 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹33.51 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 78931 66698
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
GYR Capital Advisors Pvt.Ltd.
10 issues handled (2 mainboard, 8 SME)Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sumax Engineering?
The current Grey Market Premium is ₹22, or 21.78% over the issue price.
What is the Sumax Engineering IPO price band?
₹95 to ₹101, on a face value of ₹10.
When is the allotment?
The basis of allotment is 31 August 2026, with listing on 2 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
