Sumax Engineering IPO
Closed SMEAlready have an account? Apply now
Sumax Engineering IPO details
Schedule of Sumax Engineering
| Issue open date | 25 Aug 2026 |
| Issue close date | 28 Aug 2026 |
| UPI mandate deadline | 28 Aug 2026 (5 PM) |
| Allotment finalization | 31 Aug 2026 |
| Refund initiation | 01 Sep 2026 |
| Share credit | 01 Sep 2026 |
| Listing date | 02 Sep 2026 |
| Mandate end date | 12 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 29 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sumax Engineering
Sumax Engineering is engaged in the manufacturing and trading of a diverse range of products for the Automotive Original Equipment Manufacturer (OEM) and Auto Refinish markets. The company’s manufacturing division produces adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, printing solutions, domes, graphics, and a range of car care products. Its trading segment supplies essential items such as electrical and pneumatic tools, abrasive materials, body shop consumables, and aerosol products. The company adheres to ISO 9001:2015 and IATF 16949:2016 certifications, ensuring its products meet both national and international quality standards. By utilizing premium-grade raw materials and maintaining rigorous quality control, Sumax Engineering aims to deliver reliable and high-performance solutions tailored to the evolving demands of the automotive industry.
Financials of Sumax Engineering
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 53.4 |
| Fresh Issue – Proceeds go to the company | 43.34 |
| Offer for sale – Proceeds go to the existing investors | 10.06 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding of Capital Expenditure towards Construction of the proposed manufacturing Unit I |
4.89 (11.28%) |
| Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II | 16.62 (38.35%) |
| Working Capital Requirement of the Company | 12 (27.69%) |
| General corporate purposes | 9.83 (22.68%) |
Strengths
- Strong manufacturing capabilities ensure product quality and consistency.
- Diverse product portfolio catering to both OEM and auto refinish markets.
- Long-standing relationships with automotive OEMs ensure steady demand.
- Experienced promoters, management, and operating team.
- Advanced in-house processing facilities focused on cost competitiveness.
Risks
- Rising costs, supply disruptions, and import restrictions on raw materials may impact financial performance.
- The company is significantly dependent on imports for raw material procurement.
- A substantial portion of revenues is derived from the top 10 customers.
- The business is heavily reliant on the performance of the broader automotive industry.
- The registered office and a manufacturing unit are not owned by the company.
Allotment Status for Sumax Engineering
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Sumax Engineering
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 28, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.74 | 1181.78 | 121.28x |
| NII | 7.27 | 1968.53 | 270.70x |
| Retail | 16.92 | 2689.94 | 158.98x |
| Total | 35.86 | 5842.28 | 162.94x |