CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Sumax Engineering IPO: Rs 53.40 Cr Issue Opens Aug 25

By ThePip DeskSumax Engineering IPO: Rs 53.40 Cr Issue Opens Aug 25

Sumax Engineering launches IPO to raise Rs 53.40 crore, offering 52.87 lakh shares at Rs 95-101. Subscription opens August 25, 2026.

Sumax Engineering is launching an Initial Public Offering (IPO) to raise up to Rs 53.40 crore, offering 52,87,200 shares at a price band of Rs 95 to Rs 101 per equity share.

  • IPO size: up to Rs 53.40 crore
  • Shares offered: 52,87,200
  • Price band: Rs 95 – 101 per equity share
  • Face value: Rs 10 per share
  • Lower side pricing: 9.50 times face value
  • Higher side pricing: 10.10 times face value

The subscription window for the issue opens on August 25, 2026, and will close on August 28, 2026. Shares are slated for listing on the SME Platform of NSE.

Company Business & Offerings

Sumax Engineering manufactures and trades a diverse product range for the Automotive OEM Market and Auto Refinish Market. Their manufacturing division produces adhesive tapes, die-cuts, rubbing and polishing compounds, and car care products.

The company also trades electrical and pneumatic tools, abrasive sheets, and body shop consumables. They recently ventured into Paint Protection Film (PPF), a transparent thermoplastic polyurethane film designed to protect vehicle paint.

Their manufacturing processes are compliant with ISO 9001:2015 and IATF 16949:2016 certifications. GYR Capital Advisors is the book running lead manager for this offering, with Prateek Nahata serving as the compliance officer.

Home/business/Article