Smart Market Insights
Sumax Engineering IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: August 21, 2026
Sumax Engineering Limited, a seasoned manufacturer and trader of specialized products for the Automotive OEM and Auto Refinish markets with over three decades of industry experience, is gearing up to make its primary market debut with an upcoming ₹53.40 Crore SME IPO. Specializing in the production of high-quality adhesive tapes, die-cuts, polishing compounds, and extensive car care solutions, the company operates a robust business serving major domestic automotive clients. The subscription window for this book-built issue opens on August 25 and closes on August 28, 2026. The price band is set between ₹95 to ₹101 per equity share, comprising a fresh issue of ₹43.34 Crore and an Offer for Sale (OFS) of ₹10.06 Crore. The company plans to utilize the fresh capital primarily to fund strategic expansion—allocating ₹21.51 Crore for capital expenditure to construct new manufacturing units in Rajasthan and Haryana alongside ₹12.00 Crore to meet ongoing working capital requirements—and general corporate purposes. Set to list on the NSE SME platform, market participants are closely watching this established automotive supplier. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Sumax Engineering IPO Details
Quick IPO Factsheet
August 25, 2026
August 28, 2026
₹95 to ₹101
1,200 Shares
(Min. 2 Lots for Retail)₹53.40 Cr
₹43.34 Cr
35.04% Allocation
₹10 Base
SME (NSE Emerge)
Sumax Engineering IPO Timeline
Deep-Dive Corporate Profile: What Does Sumax Engineering Limited Do?
Incorporated in 1994, Sumax Engineering Limited is a specialized manufacturer and trader catering heavily to the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. Over the past three decades, the company has built a resilient business model with a vast portfolio of consumables and specialty materials designed for vehicle care, protection, and manufacturing.
Here is a breakdown of their core business operations:
- Comprehensive Automotive Portfolio: The company manufactures and supplies a wide array of specialized products, including adhesive tapes, die-cuts, polishing compounds, buffing pads, abrasives, tools, and body shop consumables.
- Paint Protection Film (PPF) Innovation: Keeping up with premium automotive care trends, Sumax Engineering has introduced high-quality Paint Protection Films (PPF), which shield vehicle paint from environmental damage, scratches, stains, and stone chips.
- Dual Business Model: Sumax operates through two distinct but synergistic segments: manufacturing (producing their own specialized auto consumables) and trading.
- B2B Client Stickiness: The company focuses on robust B2B relationships by adhering to OEM quality certifications and rigorous testing standards, which helps them win and retain strict OEM customers and reduces the risk of customer switching.
Why is the Company Raising Funds? (Objects of the Issue)
The Sumax Engineering IPO is an SME book-built issue worth ₹53.40 Crore. It consists of a Fresh Issue of ₹43.34 Crore and an Offer for Sale (OFS) of ₹10.06 Crore by existing shareholders. Proceeds from the OFS portion will go directly to the selling shareholders and will not accrue to the company.
The net proceeds from the fresh capital raise will be allocated toward the following strategic growth objectives:
- Capital Expenditure for Unit I (₹4.89 Crore): Funds will be deployed to construct a brand-new manufacturing facility located at the RIICO Industrial Area in Tapukara, Rajasthan.
- Capital Expenditure for Unit II (₹16.62 Crore): A significant portion of the capital is earmarked for building a second major manufacturing unit at the Model Economic Township in Jhajjar, Haryana.
- Working Capital Requirements (₹12.00 Crore): The company will allocate ₹12.00 Crore to fund its ongoing day-to-day working capital needs.
- General Corporate Purposes: The remaining balance of the fresh issue will be utilized for broad corporate initiatives and strategic expansion.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹131.54 | ₹38.86 | ₹7.43 | ₹54.00 |
| FY 2025 | ₹147.18 | ₹48.84 | ₹9.98 | ₹66.14 |
| FY 2026 | ₹148.34 | ₹61.60 | ₹12.76 | ₹84.81 |
Sumax Engineering IPO Key Performance Indicators (KPIs)
| Financial KPI (FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 23.10% (FY26) |
| Return on Capital Employed (ROCE) | 23.86% (FY26) |
| EBITDA Margin | 12.86% (FY26) |
| PAT Margin | 8.64% (FY26) |
| Debt to Equity Ratio | 0.21 (FY26) |
| Return on Net Worth (RoNW) | 20.71% (FY26) |
| Earnings Per Share (EPS) | ₹8.66 (Pre-IPO) | ₹6.71 (Post-IPO) |
| Price/Earning (P/E) Ratio | 11.66x (Pre-IPO) | 15.05x (Post-IPO) |
| Net Asset Value (NAV) | ₹41.83 (Pre-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 96.74% | 71.25% |
| Public / Institutional / Others | 3.26% | 28.75% |
Sumax Engineering Limited is promoted by Sudeep Mehta and Smriti Mehta. Prior to the issue, the promoter and promoter group held a dominant 96.74% stake. Post-issue, factoring in the ₹43.34 Crore fresh equity dilution and the ₹10.06 Crore Offer for Sale (OFS), the promoter holding will adjust to a strong 71.25%. The substantial capital allocation toward establishing two new manufacturing units in Rajasthan and Haryana highlights the management's focus on aggressive capacity expansion, positioning the company for scalable future growth.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | RoNW (%) |
|---|---|---|---|
| Sumax Engineering Ltd (IPO) | 6.71 | 15.05 | 20.71% |
| *As per the official Red Herring Prospectus (RHP), there are no listed companies in India engaged in a strictly comparable business to Sumax Engineering Limited. Therefore, an exact industry peer comparison is not applicable. | |||
IPO Strengths & Key Risks
Smart Market Insights
Sumax Engineering Limited commands a robust, entrenched position as a critical B2B supplier for the Automotive OEM and Auto Refinish markets. Backed by three decades of industry presence, the company has successfully integrated both manufacturing and trading operations, offering high-margin specialty products like Paint Protection Films (PPF), adhesive die-cuts, and abrasives. This dual-model approach has driven consistent financial performance, with total income scaling to ₹148.34 Crore in FY26. From an operational standpoint, the company maintains healthy profitability metrics, clocking an EBITDA margin of 12.86% and a PAT margin of 8.64%.
On the balance sheet front, Sumax Engineering demonstrates solid capital efficiency with a Return on Capital Employed (ROCE) of 23.86% and a Return on Net Worth (RoNW) of 20.71%. Notably, the company is utilizing a massive 49.63% (₹21.51 Crore) of its fresh IPO capital to establish two brand-new manufacturing units in Rajasthan and Haryana. This aggressive capex strategy signals strong management confidence in future demand visibility from OEM clients. However, investors must acknowledge the risk of total revenue dependence on the cyclical automotive sector, as well as the company's vulnerability to raw material and import price fluctuations.
At the upper price band of ₹101, the stock is valued at a post-IPO P/E multiple of 15.05x (based on FY26 post-issue EPS of ₹6.71). While the company operates in a niche space with no directly comparable listed peers in India, this valuation appears fairly priced given their strong OEM relationships, consistent top-line growth, and upcoming capacity expansions. For investors willing to ride the cyclical nature of the automotive ancillary sector, Sumax Engineering presents a fundamentally sound SME opportunity for the medium to long term.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and retail equities are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Sumax Engineering IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032, India
Phone: +91-40-6716-2222
Email: sumax.ipo@kfintech.com
Website: kfintech.com
|
| 🏢 Company Contact |
Sumax Engineering Limited
Plot No. 45, Shanthinikethan Colony, Mahendra Hills, East Marredpally, Secunderabad, Telangana – 500026, India
Phone: +91-78931-66698
Email: compliance@sumaxindia.com
Website: sumaxindia.com
|
| 💼 Merchant Bankers |
GYR Capital Advisors Private Limited
428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahmedabad – 380054, Gujarat, India
Phone: +91-87775-64648
Email: info@gyrcapitaladvisors.com
Website: gyrcapitaladvisors.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Sumax Engineering IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Sumax Engineering IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
- Official Registrar Portal: Visit the official allotment portal of KFin Technologies Limited.
- Stock Exchange Portal: Verify directly on the official NSE IPO allotment status page.