Sumax Engineering SME IPO opens today; GMP signals 32% listing gain

The Sumax Engineering IPO opened for subscription today, August 25, on the NSE SME platform, allowing investors to bid for shares until August 28. Ahead of the issue opening, the IPO attracted attention in the grey market, commanding a premium that indicates a potential 32% listing gain.

The IPO comprises a fresh issue of 43 lakh shares worth Rs 43.34 crore and an offer for sale (OFS) of 10 lakh shares worth Rs 10.06 crore.

The basis of allotment is expected to be finalised on August 31, 2026, while the shares are tentatively scheduled to list on the NSE SME platform on September 2, 2026.


Sumax Engineering has fixed the IPO price band at Rs 95–Rs 101 per share, with a lot size of 1,200 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 1,21,200 for one lot. For HNI investors, the minimum application is three lots, or 3,600 shares, requiring an investment of Rs 3,63,600.

GYR Capital Advisors Pvt Ltd is the book-running lead manager for the issue, while KFin Technologies Ltd is acting as the registrar.

IPO anchor investors

The Sumax Engineering IPO has raised Rs 14.50 crore from anchor investors. The anchor bidding date for the IPO was August 24, 2026.

Sumax Engineering SME IPO GMP today

The Sumax Engineering SME IPO GMP stands at Rs 32, representing a 32% premium over the upper price band of Rs 101. Based on the current GMP, the estimated listing price is Rs 133 per share.

Objects of the issue

The company plans to utilise the net proceeds from the issue to expand its manufacturing capabilities. Of the proceeds, Rs 4.89 crore will be allocated to Manufacturing Unit I in Rajasthan, while Rs 16.62 crore will be used for Manufacturing Unit II in Haryana.

Additionally, Rs 12 crore will be utilised to meet the company’s working capital requirements, with the remaining funds earmarked for general corporate purposes. Overall, the company intends to deploy Rs 33.51 crore towards capacity expansion, working capital needs and general corporate requirements.

Financial performance

Sumax Engineering Ltd reported stable financial performance in FY26, with total income rising marginally by 1% to Rs 148.34 crore from Rs 147.18 crore in FY25.

Despite the modest growth in revenue, the company recorded a significant 28% increase in profit after tax (PAT), which rose to Rs 12.76 crore in FY26 from Rs 9.98 crore in FY25. The improvement reflects stronger profitability and improved operational efficiency.

About Sumax Engineering Ltd

Established in 1994, Sumax Engineering Ltd is engaged in the manufacturing and trading of products for the automotive original equipment manufacturer (OEM) and auto-refinish markets. The company operates across two business segments: manufacturing and trading.

Its manufacturing portfolio comprises 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.

Sumax Engineering operates two manufacturing facilities, located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. The company has a presence across 26 states and Union Territories in India and exports its products to international markets, including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia and Taiwan. As of March 31, 2026, the company had a workforce of 121 employees.

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