Sumax Engineering Share Price

Sumax Engineering Limited was originally incorporated as a Private Limited Company dated December 21, 1994, with the Registrar of Companies, Hyderabad and thereafter, was converted into Public Limited Company with effect from September 18, 2024 vide certificate obtained from the Central Processing Centre. The Company is engaged in both the manufacturing and trading of a diverse range of products for the Automotive OEM (Original Equipment Manufacturer) Market and Auto Refinish Market. manufacturing division specializes in producing high-quality adhesive tapes and die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes and printing solutions, domes and graphics, as well as an extensive range of car care product. In addition to manufacturing, the trading segment supplies a variety of essential products, including electrical and pneumatic tools, abrasive sheets, discs, and rolls, body shop consumables, retail products and accessories, and aerosol products. Apart from this, the Company specialize in producing products such as rubbing and polishing compounds, car care products, polishing and buffing pads, reflective tapes, and printing domes and graphics. The Company set up Manesar Plant during the period 2000. It commenced business in Pune in 2006, at Chennai in 2007, and later started PSA Tape operations at Manesar during 2011. In 2016, it commenced SPD production and established a new production plant at Chennai in FY22. The Company has filed a Draft Prospectus with SEBI & is planning the aggregate to issue 53,00,000 equity shares of Rs 10, which consist a fresh issue of 43,00,000 equity shares and the offer for sale of 10,00,000 equity shares through public Issue.