Sumax Engineering IPO

Sumax Engineering IPO is a book-built issue worth ₹53.40 crore, comprising a fresh issue of 43.34 lakh shares worth ₹43.34 crore and an offer for sale of 10.06 lakh shares aggregating to ₹10.06 crore.

The IPO will open for subscription on August 25, 2026, and close on August 28, 2026. The allotment is expected to be finalised on August 31, 2026, while the shares are proposed to be listed on NSE SME on September 2, 2026.

The IPO price band is fixed at ₹95–₹101 per share, with a lot size of 1,200 shares. Retail investors need to apply for a minimum of 2 lots, or 2,400 shares, requiring an investment of ₹2,42,400 at the upper price band. The minimum HNI application is 3 lots, or 3,600 shares, amounting to ₹3,63,600.

GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar. Giriraj Stock Broking Pvt. Ltd. and Mansi Share & Stock Broking Pvt. Ltd. are the market makers for the issue.

Industry Outlook

1. The auto component industry is a key segment of India’s economy, comprising large manufacturers as well as micro enterprises across various manufacturing clusters.
2. According to McKinsey’s Shaping the Future of India’s Auto Component Industry report, India’s auto component industry is expected to reach US$200 billion by 2030.
3. The sector’s growth is supported by India’s cost competitiveness, skilled workforce and rising domestic demand.
4. Auto component exports are projected to reach ₹8,54,700 crore (US$100 billion) by 2030, highlighting India’s growing position in the global market.
5. The industry has expanded significantly due to rising automobile demand from India’s growing middle class and increasing global exports.
6. The sector includes both organised and unorganised segments, with the unorganised segment mainly serving the aftermarket with low-value products.
7. The organised segment primarily supplies high-value and precision components to Original Equipment Manufacturers (OEMs).
8. The industry has attracted both domestic and international players, strengthening India’s position in the global auto component market.

Sumax Engineering IPO Objectives 

The net proceeds from the Sumax Engineering IPO will be utilised for the following purposes:

1. Construction of Manufacturing Unit I: ₹4.89 crore will be used for capital expenditure towards the construction of the proposed manufacturing facility at RIICO Industrial Area, Karoli Tehsil, Tapukara, Rajasthan.
2. Construction of Manufacturing Unit II: ₹16.62 crore will be allocated towards capital expenditure for the proposed manufacturing unit at Model Economic Township, Nimana, Jhajjar, Haryana.
3. Working Capital Requirements: ₹12 crore will be utilised to meet the company’s working capital requirements.
4. General Corporate Purposes: A portion of the proceeds will be used for general corporate purposes.
5. Total: The company plans to utilise ₹33.51 crore of the net IPO proceeds towards these objectives.

About Sumax Engineering Limited 

Incorporated in 1994, Sumax Engineering Ltd. is engaged in manufacturing and trading products catering to the Automotive OEM and Auto Refinish markets. The company operates through manufacturing and trading segments. Its manufacturing portfolio includes adhesive tapes, 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 operations, 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 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 countries including Thailand, South Korea, Russia, Turkey, China, Vietnam, the US, Saudi Arabia and Taiwan. As of March 31, 2026, it had 121 employees.

The company’s key strengths include an experienced promoter and management team, a diverse product portfolio, established industry relationships, advanced in-house processing capabilities and a focus on cost efficiency. It also benefits from an efficient logistics and supply chain network, strong financial performance and the ability to offer products tailored to customer requirements.

How To Check the Allotment Status of the Sumax Engineering IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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How To Apply for Sumax Engineering IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Sumax Engineering IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Sumax Engineering IPO 

Registered Office:Sumax Engineering Ltd. Address- Plot No.45, Shanthinikethan Colony, Mahendra Hills, East Marredpally, Secunderabad, Telangana, 500026

Phone: +91 78931 66698

E-mail: compliance@sumaxindia.com

Sumax Engineering IPO Reservation

Sumax Engineering IPO Promoter Holding

The promoters of the company are Sudeep Mehta and Smriti Mehta.

Sumax Engineering IPO Prospectus

• Sumax Engineering IPO DRHP

Sumax Engineering IPO Registrar and Lead Managers

Sumax Engineering IPO Lead Managers

• GYR Capital Advisors Pvt.Ltd

Registrar for Sumax Engineering IPO

Kfin Technologies Ltd.

• Contact Number: 040-79615565
• Email Address: sumax.ipo@kfintech.com

Financial Performance of Sumax Engineering Limited

Strengths and Opportunities of Sumax Engineering IPO

1. Sumax Engineering is supported by experienced promoters and a capable management and operating team.
2. The company offers a comprehensive range of products for the Automotive OEM and Auto Refinish markets.
3. It has established strong relationships across the industry, supporting its customer base and business operations.
4. The company has advanced in-house processing facilities that help improve operational efficiency and maintain cost competitiveness.
5. Its efficient logistics and supply chain network supports smooth distribution and timely delivery of products.

Risks and Threats of Sumax Engineering IPO 

1. Rising raw material costs, supply chain disruptions and import restrictions on key inputs could adversely affect the company’s operations and profitability.
2. A significant share of the company’s revenue comes from its top 10 customers, making its business vulnerable to the loss or reduced orders from these customers.
3. The company’s performance is closely linked to the growth and health of the automotive industry in India and global markets.
4. The company does not own its registered office and certain manufacturing premises from which it conducts its operations, which may expose it to risks related to these properties.
5. The company and its suppliers must comply with stringent quality standards. Any failure to meet these requirements could result in the cancellation of existing or future orders.
6. The company depends heavily on its manufacturing facilities, and disruptions or operational issues at these facilities could adversely affect production and business performance.